Wits University has revealed the sale of a significant portion of land that will be developed to benefit the community in various ways.
Wits University announced the sale of the Frankenwald Estate in Gauteng. The land is being transferred from the university to the Bankenveld District City Development Company. All proceeds from the sale of the land and the future sale of residential and commercial sites will be placed into a special endowment fund. A variety of developments are in the pipeline for this area.Markedly, the process of the sale started in February 2019 already.
Developers will develop the land as a mixed-use project comprising affordable housing, residential, commercial, light industrial, and also educational opportunities. These developments will provide homes and jobs particularly for people from surrounding areas. Wits University stated that this mega development intends to uplift the people of Johannesburg, advance Gauteng, and positively impact South Africa and our economy.It’s nearly time for the PowerBall and PowerBall Plus draws on Wednesday, 20 September 2024. Will you be South Africa’s next multimillionaire?
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