Johannesburg aims to boost investment by revitalising its inner city. At a meeting with the Johannesburg Property Owners and Managers Association, MMC for Economic Development Cllr Nomoya Mnisi stressed the area’s untapped potential, despite years of neglect.
“Property owners are vital partners in transforming the inner city into a thriving, safe, and economically vibrant space,” said Mnisi.
“Through Joburg Property Company, we are committed to collaborating with investors to unlock property value and drive growth.”
She highlighted the city’s efforts to reclaim hijacked buildings but noted private owners must also play a role. Nompumelelo Thwala, deputy director for Integrated Regional Economic Development, outlined the Inner-City Economic Development and Investment Roadmap, launched in 2019.
This strategy guides urban renewal, focusing on investment, service delivery, and inclusive growth.
Musah Makhunga, Acting CEO of Joburg Property Company, cited urgent challenges: derelict buildings, housing shortages, unemployment, and infrastructure delays. The city is shifting to a proactive approach, with approved pilot projects and streamlined compliance processes.
Heritage approvals take four months, while rezoning requires 8–12 months. Makhunga acknowledged hurdles like community resistance and high demolition costs but noted progress, including evacuations and ongoing relocations from other problematic properties.
Mathopane Masha, Executive Director of Economic Development, highlighted debt recovery efforts, with R3.038 billion identified as collectable. The City is also improving infrastructure, repairing potholes, and restoring traffic lights.
“Collaboration with investors is key to reclaiming the inner city’s potential,” Masha concluded.
