Balwin Properties says that it is in the process of launching its own internet service provider in South Africa, which will add another annuity revenue stream to its lifestyle estate business.
Other services in the annuity business include Balwin Maintenance , Balwin Signage and Balwin Approved .Balwin said that its annuity revenue strategy not only aims to diversify the group’s sources of income but also makes living in a Balwin development more cost-effective for homeowners. Balwin Fibre has a total client base of 9,324 subscribers representing 72% of total homes installed. A further 1,649 homes were installed in the FY24 period with a total of 12,926 homes installed to date.
It manages fibre networks in 27 Balwin estates across the country, managing ISPs such as Afrihost, Cool Ideas, Home Connect, Supersonic, Vox, Webafrica and Mweb.
Source: Real Estate Daily Report (realestatedailyreport.net)
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