Question NW1633 to the Minister of Human Settlements, Water and Sanitation
06 December 2019 - NW1633
Lotriet, Prof A to ask the Minister of Human Settlements, Water and Sanitation
(1)What is the (a) current value of the National Housing Builders Registration Council (NHBRC) warranty fund and (b) insurance liability; (2) what was the total income of the NHBRC in the (a) 2015-16, (b) 2016-17 and (c) 2017-18 financial years; (3) whether she and the NHBRC management will consider reducing the 1.3% enrolment fee given the current economic conditions; if not, why not; if so, on what date will the reduction be considered?
Reply:
(1) (a) The current value of the National Housing Builders Registration Council (NHBRC) warranty fund as at 31 October 2019 was R6.9 billion.
(b) The current insurance liability of the NHBRC as at 31 October 2019 was R1.5 billion.
(2) The total income of the NHBRC is as follows:
- 2015/16: R801,115,468
- 2016/17: R879,420,519
- 2017/18: R776,683,510
(3) I am aware of and sympathetic to the economic hardships that are confronting the country and companies operating in the construction sector. For this reason my department is interacting with the NHBRC and the National Treasury on the best sustainable measures to stimulate and support the construction industry. This includes a possible review of the enrolment fees, the outcome of which will be published once completed.