R30 billion private investment for Joburg – with plans to compete with New York and Paris

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Johannesburg’s mayoral head for economic development Nkululeko Mbundu has announced a new R30 billion investment, which will see significant upgrades made to the city.

Mbundu said the plan will rely primarily on private sector trade and investment, with the proposal expected to create significant economic growth and job creation.

“Once the systems function, then we are limitless in terms of the investment we can attract into Johannesburg. We would like to get the city of Johannesburg to function effectively. Get the basics right so that we can attract the investment that can convert Johannesburg into a destination of choice,” he said.Tourism and a new precinct

“Investors will get a good return for investing their money in the City of Johannesburg. This is a business-friendly city,” he said. “The inner city is a good place to start because it’s the heart of Johannesburg. I would like to see regional decentralisation. Instead of people having to travel from far and wide, trade should happen in their regions. This will be achieved by declaring priority economic zones, which will save residents time and money.”Financial services and safety

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dankie NkuliMbundu MMCforDED

Nope that’s a refugee centre

Hahahaha. Funniest thing ive heard in years. Compete with Paris and New York😂😂 We dont even have roads. Will never happen. Not in this lifetime or ever.

If a flag pole has a cost of R22 million then R30 billion is not enough to het JHB anywhere near New York and Paris

1st order of business is to clean the city off these cronies

👀, plans are always fresh but no capable executors,we have poor government to take us there

Yes PLEASSSSSSE ‼️

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