City of Joburg secures R2 billion for redevelopment
The City of Joburg has secured a R2 billion investment from the Diversity Urban Property Fund to renovate Johannesburg inner city and make "Joburg great again".
Chairman and founder of Diversity Urban Property Fund, Tebogo Mogashoa says the fund is aimed at developing functional neighbourhoods and mixed-use developments that will attract people looking for affordable housing close to their place of work.
This is a fund that is intended to rejuvenate the city by bringing people to reside, work and play in the CBD as it was intended to be when the city was founded.
Tebogo Mogashoa, Chairman And Founder of Diversity Urban Property Fund
Mogashoa says the funds have been committed and they have already acquired the old Jewel City (the old Diamond City) where 1500 low income, affordable rental units will be developed.
This will be an extension to the Maboneng Precinct, says Mogashoa.
There will be a commercial development to go with it as well some schools to provide learning facilities for the inhabitants o the developments.
Tebogo Mogashoa, Chairman And Founder of Diversity Urban Property Fund
To hear the rest of the conversation with Tebogo Mogashoa, listen below:
More from Local

FULL SPEECH: President Ramaphosa's national address on COVID-19 developments
Missed the president's address on Sunday? Read it here.
Read More
WATCH LIVE: President Cyril Ramaphosa addresses the nation on Covid-19
President Ramaphosa is delivering his latest address to the nation on the latest regarding the country's response to COVID-19.
Read More
President Cyril Ramaphosa to address the nation at 8pm tonight
South Africa is currently on adjusted level 3 lockdown restrictions.
Read More
DA calls for those behind Mayibuye Primary School opening delay held accountable
In 2015, the Gauteng government promised to build a new school that would accommodate 1,200 pupils who were currently learning in a makeshift school that is reaching a dilapidated state.
Read More
How to deal with cellphone addiction in a relationship
Clinical psychologist Khosi Jiyane explains the effects of cellphone addiction in relationships and how it can be resolved.
Read More
Another fuel price hike on the horizon - AA
According to the AA's estimates petrol is expected to increase by 66 cents per litre, diesel will go up by 57 cents per litre, and there will be a 49 cents per litre rise in the price of paraffin.
Read More
NPOwer programme is really important as it helps the helper - SADAG
South African Depression and Anxiety Group Operations Director Cassey Chambers explains the programme they have for NPOs.
Read More
157 South Africans succumb to COVID-19 and 1,447 infections have been recorded
The Health Department says the total number of vaccines administered is 67, 303 since the beginning of the vaccine rollout.
Read More
Health dept ‘ahead of target’ in vaccine rollout for healthcare workers
The health department released a statement shortly after the arrival of the second batch of the J&J vaccine, saying it was ahead of its vaccination targets with more than 63,000 frontline healthcare workers receiving their jab in the past 10 days.
Read More
[LISTEN] No one is immune from developing epilepsy - Dr Fundile Nyati
Proactive Health Solutions Dr Fundile Nyati says Epilepsy has a lot of stigmas attached to it and little awareness.
Read MoreMore from Business

'State-sponsored corruption should outrage South Africans' - Sars commissioner
'I'm infuriated!' Commissioner Edward Kieswetter says he feels the need to speak truth to power. Strong words on The Money Show.
Read More
As export sales boost profit, Distell (Savanna, Klippies) eyes Africa expansion
Despite the killer liquor bans in SA, Distell posted a double-digit profit for 2nd half of 2020 says Group CEO Richard Rushton.
Read More
Woolworths' online food sales soar, but fashion business 'disappointing'
Woolworths is not paying an interim dividend, despite strong profit increase. The Money Show interviews Group CEO Roy Bagattini.
Read More
Discovery results: 'Strong operating performance, well-positioned for growth'
Earnings were negatively impacted by exchange rate volatility but Covid-19 provisions resilient, says Group CEO Adrian Gore.
Read More
Strong recovery for 2nd half of 2020 sees Anglo American weather a tough year
'I am immensely proud of how our team of more than 95,000 people across Anglo American pulled together' says CEO Mark Cutifani.
Read More
Sars plans to tax retirement funds if you leave SA, target offshore assets
The proposal to tax retirement fund members when no longer tax-resident in SA is not unreasonable, says Prof. Osman Mollagee.
Read More
Med scheme covers chemo treatment but not weekly Covid test required by hospital
Consumer ninja Wendy Knowler follows up on the case of a patient who'd been paying his membership dues for more than 40 years.
Read More
No tax increases: A 'good news' Budget but SA not out of the woods
'We owe a lot of people a lot of money' says Tito Mboweni. Wide-ranging reaction to Budget 2021 on The Money Show.
Read More
Facebook and Australia, what it means for the rest of us
Will the deal with Australia help publishers around the world?
Read More
How much more alcohol will cost you after Mboweni's 2021 Budget Speech
Once again this year, you’ll be paying more for your sins.
Read More