Executive Mayor for the City of Johannesburg Herman Mashaba said he was delighted by the preliminary figures showing the City’s Department of Economic Development had facilitated more than R16 billion in investments.
Mashaba said the previous administration levels of investment were around R4.5 billion between 2015 to 2016. “The City has now facilitated investments worth a total value of R16.355 billion in the year ending June 2019. Therefore, the increase in facilitated investment will boost our efforts of creating jobs and ultimately eradicating the scourge of poverty, inequality and social exclusion.”
The mayor congratulated MMC for Economic Development, councillor Leah Knott and her team for their hard work.
Some of the investment acquired in the first quarter amounted to R4.2 billion, the second quarter R3.8 billion, and in the third and fourth quarter, R4.8 billion and R3.5 billion respectively.
The City is aiming to use the investment in revitalising the inner-city with trendy office, retail, arts and entertainment facilities as well as spaces in Marshalltown, the CBD and surrounding suburbs, Mashaba added.
Knott concluded, “We are committed to bringing change to the people of Johannesburg. We are also saying Joburg is open for business.”
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https://northeasterntribune.co.za/231415/joburg-mayor-unveils-r20-billion-investment-inner-city/
