The Johannesburg Social Housing Company (JOSHCO) needs to find alternative streams of income to become a financially sustainable business.
This is what the newly appointed Chief Executive Officer (CEO) of JOSHCO, Victor Rambau, wants to achieve during his tenure.
“Most companies are retrenching, which makes it difficult for retrenched employees to honour their monthly rental fees and that affects our operations because we depend on rental income.
“It also becomes difficult for us to maintain our buildings because we don’t have enough money as a result of financial challenges that most residents are facing. We need to be innovative and come up with a new business model,” Rambau explains.
JOSHCO is a City-owned entity responsible for providing and managing affordable rental housing for lower income earners and students who are residing within the City of Johannesburg.
The father of two boys and a girl says although his new role is demanding and comes with a lot of responsibilities, he feels honoured to be given the opportunity to make a difference in the lives of ordinary Joburgers.
Rambau was born and bred in Matangari, a village near Thohoyandou in Venda. “Every year I go to the village I grew up in and give advice to grade 11 and 12 learners about career choices and the importance of applying for university funding on time. I also fund the best-performing learners from my own pocket,” he adds.
Rambau also sits on a business forum established to attract investment in the village.
Before joining the City, Rambau worked in mining, construction, engineering and the financial services sectors.
He holds an MBA from Milpark Business School, a B-Tech in Operations Management from the University of Johannesburg and various certificates in leadership and management.
Rambau unwinds through mountain biking. “I also spend time stripping down cars and putting them back together. I am an unqualified mechanic,” he says with a smile.
-City of Joburg