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FNB awarded for tackling SA housing gap

8 Oct 2018

FNB's Home Finance division has been recognised with a Govan Mbeki award for its contribution in helping to tackle South Africa's housing gap. The Govan Mbeki Awards aims to recognise outstanding performance from various stakeholders in the delivery of housing projects in South Africa.

The award follows the successful partnership with Sasol’s Housing Scheme to help address key housing challenges faced by Sasol employees in Mpumalanga. To date, 40% of these families have benefited from this hybrid offering of a home loan and government subsidies valued at over R4m through the Finance Linked Individual Subsidy Programme (FLISP).

“Access to housing is a matter of national importance and requires collective contribution from various stakeholders to create more opportunities for first-time buyers to own their dream homes,” says Lee Mhlongo, CEO of Home Finance at FNB.

"We are looking forward to many more projects where we can collectively address housing needs not only in Mpumalanga, but in all South African provinces.”