It seems that NU, reclaim the city and goundup do not understand Economics and human nature, and have not researched matters like rent control and the effect that has on housing investment, affordable or otherwise.

ANY 1 or two bedroom development in Sea point no matter how basic or modest would have a market rentable value of over R5,000 per month.

Rent those out to people at R1,500 per month and within a few weeks you will on the one hand have 10 people living in a single unit and on the other, the beneficiaries with the right of occupation will sub-let at R5,000 per month and instantly double their income (and probably move out to the the cheaper periphery, notwithstanding the travel time and cost.)

Why has government not developed low cost housing in Zonnebloem AKA district 6, which largely resembles a wasteland?
Or the vast and undeveloped Culemborg site?

NU and reclaim the city have taken a cheap shot at a soft and easy target.