Cliff Masungi's Contact Details

Cliff Masungi's Company Details

AFHCO - Africa Housing Company

Johannesburg, Gauteng, South Africa • 80 Employees
Real Estate

Afhco was founded in 1996 and has since remained the leading developer and investor in affordable housing and commercial property in the Johannesburg inner-city.From identifying profitable emerging trends in Johannesburg to expertly managing over 5500 residential and commercial property units, Afhco's investments stand as a mark of quality in the rapidly developing inner-city. Its residential units are stylish but affordable and its retail space provides opportunities for a range of commercial traders.A strategic imperative of Afhco has been social upliftment, community development and inner-city regeneration. This focus on the rejuvenation of targeted neighbourhoods and precincts has significantly contributed to an increase the value of its property portfolio.The FutureThe Afhco Group is extremely optimistic about the ongoing growth of its market and its ability to fund future expansion throughout South Africa and Sub- Saharan Africa. The Afhco Group was acquired in July 2014 by SA Corporate Retail, a Real Estate Investment Trust listed on the JSE. Together with SACORP, the Group will continue to develop and acquire suitable buildings, with a current pipeline of a further 1500 units expected to be delivered by 2018.A combination of factors such as the shortage of suitable affordable housing, growing disposable income in the emerging market and changing population demographics presents the Afhco Group with unique opportunities."The underlying foundation of the Afhco business philosophy is that morality, ethics and empathy do not detract from doing good business."