The City of Johannesburg says it has identified 37 abandoned factories in the city that it plans to expropriate in order to convert into low-cost affordable housing.
“Arising from their large stand sizes, the yield of these properties will offer nearly 3,000 housing opportunities in multi-storey buildings,” Mashaba said in a statement.
Mashaba said 16 of the buildings were in close proximity to Alexandra, offering a much-needed opportunity to reduce the density of settlement in this under-developed township. Mashaba said these buildings would be expropriated within the existing legal framework of the constitution. Mashaba said once the expropriations were approved by council, the city would be able to put these properties out to the private sector and award them on the criteria that achieved the largest number of residential units, the lowest rentals, the highest job creation and investment.
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Mashaba wants to 'expropriate' abandoned factories for low-cost housing projectThe City of Johannesburg says it has identified 37 abandoned factories in the city that it plans to expropriate in order to convert into low-cost affordable housing.
Read more »
Two suspects in deadly Indonesian lighter factory fire probeTwo people have been identified as suspects by authorities investigating a deadly fire at an Indonesian lighter factory that killed 30 people including several children, a police chief said Saturday.
Read more »
Mauritania votes after low-key campaign on economy and stabilityThe ballot is the first in the nation's coup-strewn history that looks set to see an elected president complete his mandate.
Read more »
Freelancing no longer an option for retrenched journalists because of low ratesThe report looked into what journalists do after they are retrenched and painted a grim picture of how many journalists are battling to continue being part of the industry as freelancers because of appalling low rates that don’t keep up with inflation.
Read more »
Freelancing no longer an option for retrenched journalists because of low ratesRetrenchments in the media industry have shrunk South African newsrooms, with an estimated 10,000 jobs lost in the past 10 years.
Read more »
No funds were mismanaged by Alex renewal project - MaileGauteng MEC of human settlement Lebogang Maile says there was no money that was misused in the Alexandra Renewable Project (ARP).
Read more »