With roomking_za, Modicai Mnculwane is exploiting a market gap with huge potential — the township backyard rental sector.
With RoomKing, Modicai Mnculwane is exploiting a market gap with huge potential — township backyard rentalsAbout 10-million people — nearly 20% of the population — are believed to rent a backyard room in townships or informal settlements across South Africa.
At an average monthly rental of R1,200, the sector is estimated to generate R12bn in annual revenue. Yet the township market is informal and unregulated, with few if any structures in place to protect the rights of landlords and tenants. ..If you have already registered or subscribed, please sign in to continue.
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