Real Estate Investor Magazine South Africa November 2019 | Page 16

COVER STORY
The golden ticket
for investors
Why you should invest in affordable student
accommodation and how to do it
SIDIMA MFEKU & NEALE PETERSEN
The study established:
200 000
A shortage of over 200 000 beds across
23 campuses in South Africa
107 000
107 000 student beds were provided, which
translates into 6 or more applicants per bed
5%
Only 5% of first year students were accommodated
at on-campus university residences
40%
40% of students who receive financial aid from NSFAS
(the National Student Financial Aid Scheme) fail in their
first year
710 000
710 000 students enrolled at the 264 TVET (Technical
Vocational Education and Training) colleges
10 120
There are only 10 120 beds to accommodate 710 000
students on-campus (i.e. approximately 1 in 70 students
are only accommodated)
DHET
The DHET identified inadequate budget, inadequate
bulk infrastructure and poor maintenance of existing
infrastructure as the main reason behind the shortage
which is still escalating.
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NOVEMBER/DECEMBER 2019 SA Real Estate Investor Magazine