"Enabling people to own a home, is wealth creation"

Developments like Urbika, Four Leaf and Selcourt, which are aimed at the emerging middle class, are not only helping to alleviate the massive shortage of affordable accommodation, but also create positive socio-economic opportunities. Parents are now able to create happy homes within safe neighbourhoods for their children, providing a space where they can flourish, while homeowners have the opportunity of loaning against their bond to send their children to university or start a business, unlocking opportunities that weren’t possible before and helping to right the wrongs of the past.

JOB CREATION

In addition to the positive impact of providing housing, the job creation on such large scale developments is significant. A large residential infrastructure project such as the estates developed by Similan, which tend to have civils budgets of over R500 million and construction budget in excess of R4.5 billion can create between 400 and 500 jobs during the civil construction phase and approximately 3,000 employment opportunities over the extended 5-7 year top-structure construction period. The use of local labour, with direct skills transfer, has a positive impact on the local economy and helps to uplift the surrounding communities.

SPONSORSHIP

Similan is a sponsor of BlessingBucks, a programme that supports students who are in financial need by providing them with the means to physically sustain themselves. BlessingBucks was established in 2006 when Similan CEO, Harold, and his wife, Ane'returned from the UK and wanted to make a constructive contribution to the many social and economic challenges faced by the majority of South Africans.

Many disadvantaged students receive bursaries that pay for their tuition fees, but simply don't have money to buy food, basic necessities, and study material or to pay for accommodation and transport, negatively impacting their studies. Since its inception, the programme has supported 15 students each year.

Similan also sponsors the tuition fees of pre-school children at Akkerdoppies, a non-profit crèche that provides high-quality education for underprivileged children in Stellenbosch.