In December 2016, Joburg Mayor Herman Mashaba declared that he had plans to see the inner city of Johannesburg “reborn” as the people of Johannesburg demanded change.
Mashaba briefed the media about the investment at the City’s Metro Centre, on Wednesday but said it would be premature to announce who the investors were at this stage. The properties to be redeveloped are in central Johannesburg, Yeoville, Berea, Vrededorp, Fairview, Salisbury, Marshalltown, Wolhuter and Turffontein. The developments are earmarked to be for predominantly mixed-use and will include student accommodation and family residential units. Rent will range from R900 to R4,500 and units will comprise one or two bedrooms.
Mashaba said there would be no place for construction mafias or any form of corruption in this project.These are some of the things that make me extremely angry. To allow a country like ours to be held to ransom by thuggery and criminal elements when we have the national government. I will personally hold national government accountable if in this project there is an intervention from criminal syndicates. I will hold the president accountable,” Mashaba said.
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1,500 new student beds to come from Joburg developmentMayor Herman Mashaba says City of Johannesburg properties are being released to the private sector for redevelopment in order to facilitate affordable accommodation.
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