Development Partners 2018-02-28T18:32:46+00:00

Development Partners

“The Estate is developed by a committed and trusted developer (RBPlat) in partnership with the Union (NUM) to ensure the development vision becomes a reality. ‘The partners have a vision to develop an affordable residential development of sufficient scale and stature to promote home ownership for employees of RBPlat.”

Royal Bafokeng Resources Properties (RBRP)

RBRP is the development and management company of Waterkloof Hills Estate that has been set up by the founding and investment partners (RBPlat, NUM and the PIC), to ensure that proper management systems and processes are in place for RBPlat Employee Housing Project. Royal Bafokeng Resources Properties is a registered credit provider, registration number NCRP7210.

Royal Bafokeng Platinum (RBPlat)

RBPlat black-owned and controlled, mid-tier platinum group metals producer that is listed on the Johannesburg Stock Exchange (JSE). It operates the Bafokeng Rasimone Platinum Mine and is currently constructing the Styldrift I Project, both of which are located in the North West province of South Africa. This project will promote home ownership and create a lasting legacy of sustainable benefits for its employees.

National Union of Mineworkers (NUM)

NUM has a vision of ensuring suitable housing for all its members, and thus plays an important leadership and oversight role in the development. It was instrumental in negotiating the Employee Housing Project as part of its historic 2011 wage agreement with RBPlat.

Unemployment Insurance Fund (UIF)

The UIF was created and is governed by South African legislation. The Fund provides short-term relief to workers when they become unemployed or are unable to work due to maternity, adoption leave, or illness. It also provides relief to the dependants of a deceased contributor.

Wholesale funding has been provided by the UIF, who will use the PIC as its financial services provider.

Public Investment Royal Bafokeng Platinum Corporation (PIC)

The PIC is one of the largest investment managers in Africa today, managing assets of over R1.8 trillion and still growing. It is a registered financial services provider and is wholly owned by the South African Government, with the Minister of Finance as shareholder representative.

The PIC has invested funds in Waterkloof Hills Estate, on behalf of the UIF, based on its investment mandates, and is approved by the Financial Services Board (FSB).