Sustainable development

Lanquedoc village in South Africa provides affordable housing for employees

South Africa has a shortage of formal housing and Anglo Platinum is playing its part in helping to alleviate this issue. In 2008, Anglo Platinum and South Africa's former Department of Housing, now known as the Department of Human Settlements, signed a memorandum of understanding to establish a partnership to provide 20,000 houses for Anglo Platinum employees in the Limpopo and North West provinces during the next five to ten years.

Anglo Platinum owns or has access to sites that may be suitable for housing, primarily for its workforce, and is well positioned to help in reducing the housing backlog.

The company is determined to work with the public authorities and other stakeholders to reduce and eventually eliminate the informal settlements which have sprung up around some of its shafts and where the conditions for those living in them are wholly unacceptable.

The investment by Anglo Platinum in land, and in servicing 20,000 plots, amounts to more than R1.4 billion ($169 million), the government subsidy over 10 years being more than R900 million ($108.8 million). The total investment, including social and economic amenities, is over R2.5 billion ($302 million) and is expected to benefit more than 120,000 people.