Investor regrets pumping millions into property investments in JHB’s inner city

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Investor regrets pumping millions into property investments in JHB’s inner city
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Mendel Goldman claims local, provincial and national government have failed South Africans when it comes to taking care of Joburg’s inner city, which has become a cesspool of filth, a breeding ground for crime, and an investor's worst nightmare.

JOHANNESBURG - The inner city of Johannesburg has become a cesspool of filth, a breeding ground for crime, and an investor's worst nightmare.This follows the Marshalltown fire tragedy in Joburg’s CBD, where 77 people lost their lives, which has once again highlighted the issue of hijacked buildings by illegal occupants.Eyewitness News caught up with a property investor who said his biggest regret was investing in the city of Joburg.

“It’s a regret that we actually invested so many hundreds of millions and so much time in the inner city of Johannesburg. And I speak to people all the time, other property investors, and they ask me where should they be investing their money and I say stay out of the inner city.”

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