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Student accommodation in South Africa gets R150 million boost from the World Bank Group
 May 13, 2021, 11:50 AM
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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.
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