Real Estate Investor Magazine South Africa Dec/January 2020 | Page 15

COVER STORY
Johannesburg: the growing City
Like all major international cities, Johannesburg’s booming
construction industry serves as an indicator of economic
vitality. The impactful investment in public infrastructure
as well as transit-oriented developments have benefited
Joburg and enhanced its capacity to meet the needs of the
rapidly expanding Gauteng region. The injection of targeted
investment incentives has dramatically catalysed investment
attraction into Johannesburg, including:
Facts & Figures
Johannesburg is the largest city in Southern Africa. For ease
of administration it is comprised of nine economically diverse
Regions. The City is the home to just under six million people,
the iconic Nelson Mandela Bridge and five districts along the
innovative Gautrain high-speed rail network. The City offers
all the world-class amenities of a large metropolitan city,
while maintaining a strong sense of individual and diverse
neighborhoods spread over approximately 260 000 hectares in
the heart of the Country.
It features some internationally acknowledged historic
and dynamic township lifestyles of Soweto and Alexandra,
alongside robust and modern business and residential areas of
Sandton, Rosebank, Hyde-park, Melrose Arch, and Houghton.
Johannesburg’s Inner City is the most vibrant economically
and culturally. It offers the best opportunities for brownfield
and emerging businesses, accessible by established and young
qualified entrepreneurs. Cultural and heritage assets such as
museums and theaters, highly-rated school and university
districts are spread throughout the City.
It is the home of highly-respected universities such as the
Wits University, University of Johannesburg, GIBS and Monash
Universities amongst other tertiary institutions. There are
several highly-regarded hospitals, golf courses, parks and
sports stadiums. OR Tambo Airport and Lanseria are easily
accessible due to their proximity to the City, the Gautrain
railroad system, the Port of Long Beach, as well as many award-
winning City departments.
Competitiveness
The increasing pace of private investment inflow into
Johannesburg (and with the greater cooperation among the
City’s economic sector role-players including all government
spheres) has broadly enhanced the competitiveness of
Johannesburg and stimulated sustainable and balanced
economic growth for the benefit of all Johannesburg citizens.
The competitiveness of Johannesburg:
•
The Country and Continent’s Economic Powerhouse
•
Largest Port of Entry into the Continent
•
State-of-the Art Infrastructure
•
Economic Diversity
•
Social Diversity
•
Abundance of Highly-Trained and Trainable Labor
Force
•
Employment Opportunities
•
Tourism
•
Creativity, Culture and Entertainment
•
Reputable Universities and Tertiary Institutions
SA Real Estate Investor Magazine DECEMBER/JANUARY 2020
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