THE National Building Society (NBS) seeks to strengthen its balance sheet by unlocking value from its strategic land bank covering 634,4 hectares (ha) to be serviced and sold as housing stands.
The building society, a wholly owned subsidiary of the National Social Security Authority, is committed to the provision of affordable housing to home-seekers through mortgage and micro-mortgage products.
In a statement accompanying its financials for the year ended December 31, 2023, acting managing director, Sifiso Mahlangu said the building society had already made progress in unlocking value from the land bank.