<ul data-eligibleForWebStory="false"><li>Johannesburg faces a housing backlog of over 300,000 units, with a budget shortfall of R60 billion according to Mayor Dada Morero.</li><li>Morero pledges to reduce red tape and encourage private sector investment to accelerate housing development.</li><li>Private sector developers welcome the initiative but raise concerns about the challenges hindering housing projects, such as unreliable service delivery and increased property tax rates.</li><li>Investec chief economist predicts slow GDP growth and cautioned about high borrowing costs affecting developers' ability to finance large-scale housing developments.</li></ul>

Joburg’s housing backlog needs R60bn and less red tape – Morero

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