DEVELOP & INVEST
capital , e . g . education , healthcare , and entertainment systems .
Physical infrastructure encompasses stock of actual infrastructure – an urban mobility system , housing , energy and water supply , sewerage and sanitation facilities , solid waste management and drainage – all integrated through the use of technology .
Institutional infrastructure refers to planning and management systems . High-quality governance with a strong local say in decision-making is critical for smart cities . Typically prescribed is governance by incentives , rather than enforcement .
Public vs . private
Provincial governments are working on at least three smart-city projects , with developments including middle-class suburbs in Gauteng as well as small towns on the eastern seaboard .
Among these count Nkosi City to the west of Kruger National Park ; the Eastern Cape project African Coastal Smart City ; Lanseria MegaCity and Madibeng ; and Mooikloof Mega-City east of Pretoria .
But last month , businesstech . co . za reported that real estate group Attacq is already moving on a new smart city in the heart of Johannesburg . In a presentation to shareholders conducted in June , Attacq said that its ultimate goal was to turn the Waterfall development into a smart , safe , sustainable city through private partnerships .
Herding the Gen Z flock
CRE Africa director Craig Cooper says that , as commercial property brokers , they supply global occupiers with office space catering to a burgeoning Gen Z workforce .
25 T R E N D S