September 9 2025 17:30
Palesa Mkhize, CEO of The South African Multifamily Residential Rental Association (SAMRRA)
Nedbank Corporate and Investment Banking (CIB) has joined The South African Multifamily Residential Rental Association (SAMRRA). This new membership was revealed at the opening of the 17th IHS Affordable Housing Conference hosted by Nedbank CIB under the theme: Foundations for the future: Housing the new world’ last week.
With this announcement, Nedbank CIB has become the third large bank to commit to the country’s multifamily rental housing sector by joining SAMRRA.
“This is a moment of inflection,” said Palesa Mkhize, CEO of SAMRRA. “Three of South Africa’s leading banks are now actively working alongside institutional multifamily rental investors to build a stronger, more investable rental housing ecosystem. That speaks volumes about where this sector is headed,” she said.
With Standard Bank, Absa, and now Nedbank CIB as members, SAMRRA is driving institutional investment to multifamily rental housing investment.
SAMRRA’s current membership spans more than 75,000 units and more than R40bn in assets, with data from the first half of 2025 showing average occupancy above 95%, collection rates above 98%, and bad debts consistently below 1%. These are operating assets delivering consistent returns and long-term value.
“We recognise the transformative potential of the multifamily sector as a catalyst to bridging South Africa’s housing gap,” said Vanessa Murray, Property Finance Divisional Executive at Nedbank CIB.
“Our membership of SAMRRA affirms our belief that this is a resilient investment category that warrants sustained financial innovation,” she said.
“SAMRRA has created a platform where investors and developers can collaborate. With our position as the market leader in commercial property finance, and our proven track record and expertise in the residential sector, we are able to meaningfully contribute to that collective effort, bringing financial tools and expertise that can unlock new forms of delivery,” Murray said.
alistair@propertyflash.co.za
