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Student accommodation in South Africa gets R150 million boost from the World Bank Group  May 13, 2021, 11:50 AM facebook Students studying at South African universities and colleges are struggling to find affordable accommodation. The International Finance Corporation says that there is a shortfall of more than 500,000 beds and has invested R150 million in a local property group to develop more dedicated student housing units. Eris, which has developed commercial properties across Africa, will add this latest investment to a R500 million injection received in 2020. Four-bed units in Eris’ inaugural Tshwane development cost R4,640 per month, including water, electricity, and Wi-Fi. For more articles, go to www.BusinessInsider.co.za.

South africaEastern capeUniversity of cape townWestern capeSouth africanJohan van vuurenWorld bank groupDepartment of higher educationStudent housing infrastructure programmeAfrica eris property groupNational student financial aid schemeInternational finance corporationProvident fundStudent accomodationGetty imagesEris property group