JOBURG DREAMS: Mashaba announces R20-billion investment to rebuild Joburg’s inner city

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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Mashaba touts R20bn investment for Joburg inner cityJohannesburg Mayor Herman Mashaba has announced what he calls 'the single biggest property investment the city of Johannesburg has ever made through private sector development'.
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Mashaba announces R20bn investment for Joburg inner cityHerman Mashaba announced a R 20-billion property investment for the Johannesburg inner city. This is how you run a city - ANC/ EFF thugs But the won't benefit on that investment even a cent🚮 i have lost faith in our government system N who's going to benefit from it 🤔
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