The challenge of urban land
The challenge of urban land

The challenge of urban land

With almost 40 years in property and property development, Bennie Joseph sat down with Namibian Sun to talk land.
Ogone Tlhage
Veteran property developer Bennie Joseph says that municipalities will need a lot of assistance if they have to make enough land available to meet the demand as urbanisation continues to grow.

Joseph made the remarks in the build up to the national land conference, slated for October this year, in an interview with Namibian Sun.

“Municipalities are not in a position to develop because there is a shortage of money. Government does not also have the money to develop the land. We have enough land but not enough capital,” Joseph said.

Without mentioning a specific value required, Joseph said that government would need a lot of money. He added that he did not believe that there was unwillingness on the part of government to develop urban land in Windhoek and other towns.

“It will take a lot of money and it is not because government does not want to, it simply cannot. We are in a situation now where the taps have been closed. This has brought the market to a standstill. Speculation has disappeared,” Joseph said.

He also felt that policy makers should observe the sentiments on the ground to tackle the land problem with the land conference scheduled for October.

“There was no communication on urban land. Those discussions never took place.

“Government must intervene and listen to the man on the street. Government needs to find out what the voting public want. People must be realistic [though],” Joseph cautioned.

According to him, the first conference did not address the issue thoroughly and there would be a need now to hone in deeply into the matter.

The conference will take place from 1 to 5 October at the Safari Court Hotel in Windhoek.

Although it is unclear at this point what the exact agenda for the conference will be, it is certain that ancestral land and expropriation, with or without compensation, will take centre stage.

During his State of the Nation Address (SONA) earlier this year President Geingob said ancestral land restitution would be discussed at the upcoming conference.

Also on the agenda would be the willing buyer, willing seller principle; expropriation in the public interest with just compensation, as provided for in the constitution; urban land reform and resettlement criteria, and the veterinary cordon fence.

OGONE TLHAGE

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Namibian Sun 2024-04-24

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Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 319.23/OZ DOWN -0.0018 | Copper US$ 4.45/lb UP +1.02% | Zinc US$ 2 827.10/T UP 0.9% | Brent Crude Oil US$ 88.13/BBP DOWN -0.0023 | Platinum US$ 907.32/OZ DOWN -0.0028 Sport results: Premier League: Arsenal 5 vs 0 Chelsea | Fulham 1 vs 3 Liverpool | Aston Villa 3 vs 1 Bournemouth | Crystal Palace 5 vs 2 West Ham | Everton 2 vs 0 Nottingham Forest LaLiga: Sevilla 2 vs 1 Mallorca | Real Madrid 3 vs 2 Barcelona | Deportivo Alaves 2 vs 0 Atletico Madrid | Almería 1 vs 2 Villarreal | Getafe 1 vs 1 Real Sociedad SerieA: AC Milan 1 vs 2 Inter Milan | AS Roma 1 vs 3 Bologna | Monza 1 vs 2 Atalanta | Salernitana 0 vs 2 Fiorentina | Torino 0 vs 0 Frosinone | Sassuolo 0 vs 3 Lecce European Championships Qualifying: Leicester City 5 vs 0 Southampton | Middlesbrough 3 vs 4 Leeds United | Blackburn Rovers 1 vs 3 Sheffield Wednesday FA Cup: Coventry City 3 vs 3 Manchester United English Championship: Leicester City 5 vs 0 Southampton | Middlesbrough 3 vs 4 Leeds United | Blackburn Rovers 1 vs 3 Sheffield Wednesday Weather: Katima Mulilo: 14° | 35° Rundu: 15° | 35° Eenhana: 16° | 36° Oshakati: 17° | 34° Ruacana: 16° | 35° Tsumeb: 18° | 33° Otjiwarongo: 15° | 32° Omaruru: 16° | 34° Windhoek: 15° | 30° Gobabis: 17° | 31° Henties Bay: 15° | 20° Wind speed: 26km/h, Wind direction: S, Low tide: 09:35, High tide: 03:35, Low Tide: 21:39, High tide: 15:58 Swakopmund: 15° | 17° Wind speed: 32km/h, Wind direction: SW, Low tide: 09:33, High tide: 03:33, Low Tide: 21:37, High tide: 15:56 Walvis Bay: 15° | 24° Wind speed: 34km/h, Wind direction: SW, Low tide: 09:33, High tide: 03:32, Low Tide: 21:37, High tide: 15:55 Rehoboth: 15° | 32° Mariental: 19° | 33° Keetmanshoop: 19° | 32° Aranos: 19° | 33° Lüderitz: 15° | 29° Ariamsvlei: 19° | 31° Oranjemund: 12° | 20° Luanda: 26° | 28° Gaborone: 20° | 33° Lubumbashi: 14° | 27° Mbabane: 14° | 24° Maseru: 12° | 26° Antananarivo: 16° | 24° Lilongwe: 15° | 28° Maputo: 21° | 26° Windhoek: 15° | 30° Cape Town: 16° | 20° Durban: 20° | 23° Johannesburg: 18° | 28° Dar es Salaam: 24° | 26° Lusaka: 17° | 29° Harare: 15° | 30° Economic Indicators: Currency: GBP to NAD 23.85 | EUR to NAD 20.52 | CNY to NAD 2.64 | USD to NAD 19.24 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.33 | EGP to NAD 0.39 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.72 | ZWL to NAD 0.04 | BRL to NAD 3.72 | RUB to NAD 0.2 | INR to NAD 0.23 | USD to DZD 134.32 | USD to AOA 832.83 | USD to BWP 13.83 | USD to EGP 47.9 | USD to KES 134.48 | USD to NGN 1251.05 | USD to ZAR 19.25 | USD to ZMW 26.1 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 74010.81 Up +0.62% | Namibian Stock Exchange (NSX) Overall Index 1522.16 Down -0.31% | Casablanca Stock Exchange (CSE) MASI 13246.66 Down -0.42% | Egyptian Exchange (EGX) 30 Index 26777.05 Down -4.86% | Botswana Stock Exchange (BSE) DCI 9132.5 Same 0 | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 319.23/OZ DOWN -0.0018 | Copper US$ 4.45/lb UP +1.02% | Zinc US$ 2 827.10/T UP 0.9% | Brent Crude Oil US$ 88.13/BBP DOWN -0.0023 | Platinum US$ 907.32/OZ DOWN -0.0028