“We need to execute better”

CEO Operations at Old Mutual, Sakaria Nghikembua gave his views on development goals and obstacles.Sakaria Nghikembua, CEO: Operations, Old Mutual says a concerted move to Public Private Partnerships needs to occur, particularly in the area of land delivery in urban areas, where local authorities bring in the land whilst the private sector brings in the funding and skills, to deliver serviced land within time, budget and to required quality standards.
Speaking at the recent Crayfish Festival in Lüderitz he said “Infusing more land into the market, will have a potentially positive effect on price levels, and people who need the land will get it, local authorities will get a once-off profit share as well as create a future income stream via property taxes and the provision of municipal services to the new properties.