Macpherson, Xaba invite investors to fix Durban’s derelict buildings

South Africa News News

Macpherson, Xaba invite investors to fix Durban’s derelict buildings
South Africa Latest News,South Africa Headlines
  • 📰 mailandguardian
  • ⏱ Reading Time:
  • 78 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 92%

The minister says if state properties bring in funds, it will give the department more money to maintain and build schools, hospitals and other infrastructure

Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.eThekwini Metro and the Department of Public Works and Infrastructure have signed a memorandum of understanding to “optimise state assets” that have become eyesores and derelict dens of crime.

“This will be the first time in history that any such action is being taken and marks a sharp ideological shift from what has been done in the past. eThekwini is “ripe for infrastructure projects” that could be completed in conjunction with Infrastructure South Africa as grant funding can be leveraged to deliver projects.

“Imagine the former hijacked Excelsior Court in the Berea no longer forcing residents to be hostages in their homes but rather a modern residential development that generates rates for the city and a building that takes pride of place in the community. “We are no longer going to see empty and neglected buildings which attract crime. Instead, we will start to see beautifully maintained public buildings that are utilised by the private or public sector that drives investment and creates jobs,” he said.Xaba said the signing of the MOU was “an important milestone” that gives practical meaning to the government’s district development model demonstrating what can be achieved by working together as “social partners”.

eThekwini metro owns 53 516 properties, covering 90 000 hectares; national public works owns 3 037 properties, over 2 364 hectares and the provincial department owns 12 062 properties on 6 788 hectares. “While, previously, the metro would wait for someone to show interest in the said property, which resulted in us incurring costs in respect of security and its upkeep, the new strategy brought about a dispensation where land is kept for its productive and best use,” Xaba said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

mailandguardian /  🏆 2. in ZA

South Africa Latest News, South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cracking race expected as Xaba and Oldknow go head-to-head in Cape TownCracking race expected as Xaba and Oldknow go head-to-head in Cape TownThe elite field at the Cape Town Marathon on Sunday could produce one of the best 42km contests ever run on African soil.
Read more »

Glenrose Xaba shatters SA marathon record on debut in Cape TownGlenrose Xaba shatters SA marathon record on debut in Cape TownGlenrose Xaba shattered the national record on Sunday to win the Cape Town Marathon on her debut over the 42km distance.
Read more »

Glenrose Xaba shatters Gerda Steyn’s SA women’s marathon recordGlenrose Xaba shatters Gerda Steyn’s SA women’s marathon recordThere was delight for South Africa as Glenrose Xaba shattered the national and Cape Town Marathon records, on her marathon debut.
Read more »

Xaba thanks Caster and Violet for being her pillarsXaba thanks Caster and Violet for being her pillarsBreaking local news in Boksburg
Read more »

100 days in office: Minister Macpherson paves the way for infrastructure transformationIn 100 days, Minister Dean Macpherson sets the stage for infrastructure growth, emphasising collaboration and accountability in public works projects.
Read more »

Macpherson banks on ISA to turbocharge investment into infrastructure projects in SAMacpherson banks on ISA to turbocharge investment into infrastructure projects in SAThe government entity was established in 2020 to help with additional resources for infrastructure planning, management, and delivery.
Read more »



Render Time: 2025-02-21 09:28:11