Musa Capital housing developer investee company, Matlapeng Housing was recently awarded the tender for building Phase 4 (b) and (c) of the Khathu residential development as well as an additional 746 units in a joint venture with Raubex.
The tender was awarded by Kumba Iron Ore mining company which has a large presence of employees needing accommodation near the mine premises.
Matlapeng Housing was established in 1999 serving as provider of corporate housing needs and has since then made a mark as a leader in the development of large scale employer based projects with a particular expertise in the mining sector. To date Matlapeng has concentrated on the opportunities presented by the SA Mining Charter and has contracts with major mining organizations, with potential to develop in excess of 5,000 houses. The company has worked with the likes BHP Biliton and most recently Kumba Resources. In 2012 Matlapeng handed over a total of 360 completed houses marking the completion of the Kumba Phase 4 (a) housing development.
The company provides employment to about 2400 people in the Khathu region and other areas through its subsidiaries Lakutshona Housing Company and the Lakusthona Management Services Company. The recent awarding of the building of phase 4 (b) and (c) will provide employment security for the 2400 people currently in their employ which is in line with the Musa philosophy of doing well by doing good.
There is a high demand for housing in most mining areas especially in the Khathu region. Matlapeng, in conjunction with the mining authorities has made it its sole objective to alleviate the accommodation problem through the provision of affordable housing. Musa Capital is proud to be associated with Matlapeng Housing which has already left a lasting legacy in the mining community for generations to come.