05
Mar
Renthia Kaimbi The Trust Fund for Regional Development and Equity Provisions underperformed on its housing mandate in the 2024/25 financial year. This despite auditor general Junias Kandjeke issuing an unqualified opinion on the fund’s financial statements for the year ended 31 March 2025. Kandjeke's latest audit showed the fund struggled to convert its financial position into results for communities waiting for houses and serviced land. The fund spent only 21% of its approved project budget against a target of 100%. The audit attributes the low spending rate to new projects being planned late in the financial year. Many projects were…
