Our Partners

Bitprop, established in early 2019, partners with South African township homeowners to transform underutilised backyard spaces into income-generating rental units. By providing the investment and operational expertise, Bitprop enables property owners to develop rental flats on their land, creating sustainable revenue streams and significantly increasing property values. This model not only offers homeowners immediate financial benefits but also contributes to addressing housing shortages in townships.

Why Guldhjulet Invests in Bitprop

• Tangible Social Impact: Bitprop empowers homeowners to become property entrepreneurs, fostering economic independence and uplifting communities. Homeowners experience a immediate increase in monthly earnings that more than doubles the income of homeowners on South African state pension. After 10 years of partnership, the monthly income boost increases to 4-5 times the original amount, ensuring long-term financial stability for the homeowner.

• Proven Business Model: With a successful proof of concept in Khayelitsha, Cape Town, Bitprop has demonstrated the scalability and effectiveness of its approach.

• Alignment with Guldhjulet's Mission: Bitprop's focus on social entrepreneurship and sustainable development resonates with Guldhjulet's commitment to investing in ventures that drive measurable social change.

Read more

• The Economist – The quest for secure property rights in Africa

• The Herald – Innovate Africa: How BitProp is turning township land into wealth

• Bloomberg – Backyard Micro-Flats Aim to Ease South Africa’s Housing Crisis