Welcome to the

UDZ TAX INCENTIVE CONFERENCE

Day 1 – 18 Aug 05

UDZ Conference

and

Exposition 18 August 2005

Mission

The JHC is committed to regenerate the Johannesburg Inner City through the provision of quality, value for money accommodation and

service for all who choose to live there, in a manner that is both sustainable and promotes

growth

Facts & Figures: JHC

• Total number of buildings: 20• Total number of units under management: 2406• Total number of units under construction: 400• By February 2006 JHC will home approximately

8000 tenants in 3000 units within the Johannesburg inner city. JHC will have added 8% to the housing stock over a 10 year period.

Arrears Consolidated Percentage Arrears

-

1.00

2.00

3.00

4.00

5.00

6.00

Jul

Aug

Sep

Oct

Nov

Dec Ja

n

Feb

Mar

Apr

May Jun

Jul

Month

Vacancies

Vacancies July 04 to June 05

1.3

0.96

1.25

1.59 1.53

0.85 0.91

0

0.40

0

0.23

0.91

00.20.40.60.8

11.21.41.61.8

Jul Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun

Johannesburg Housing Company Project Map

Tax Scenario• Social Housing Institutions

- pioneering work in urban development • JHC

- largest residential investor in inner-city- total investment of R270 million- no TAX relief - PBO Status

Facts & Figures: Brickfields

• Cost: R120 million• The first phase of Brickfields adds a further 650 units and 1500

people• The completed Brickfields will add a total of 750 units and 2500

people to the JHC portfolio• 90 % full within one month of letting• Mixed income• Mixed use• Location, location, location• Community Services: crèches, computer centres, after-school

centres

UDZ Implications: Brickfields

• Total project of R120m: R24 m in yr 1 R6 m p.a. 16 yrs

• Second phase of R30m: R6 m in yr 1 R1.5 m p.a. 16

yrs

Thank you

Taffy Adler

taffy@jhc.co.za