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Investment in the Inner City is booming thanks to the continuous hard work and investment by the Johannesburg Inner City Business Coalition (JICBC). A study recently completed by the Central Johannesburg Partnership (CJP) reveals that members of the JICBC have invested nearly R4 billion between 2006 and 2009 in the Inner City of Johannesburg. The study also indicates that capital investment by the private sector in public space and including joint ventures is sitting at a staggering R27,4 million from 2006 to 2009. Further investment of R120 million in the public space is planned over the next three years. Many members of the JICBC are also committed to and are members of Joburg’s Inner City improvement districts (CIDs). A clear indication that improved management of the public space supports and enables investment by the private sector in property in the Inner City.

News

City pays for squatters' rent

This article was written by Kim Hawkey for the Sunday Times

A landmark court judgment could see ratepayers footing rental bills for squatters.

In the ruling by the High Court in Johannesburg - set to pave the way for other landlords whose properties have been invaded by illegal occupants - the City of Johannesburg has been ordered to pay rent to a property owner whose building has been occupied by squatters.

And, unless the council finds the 88 people alternative accommodation, it will have to pay each household head R850 a month for rent, plus a deposit if required.

Photo: A landmark ruling could mean that municipalities must pay rent for squatters who are evicted. It's good news for landlords, but can the municipalities sustain this?

New life on Main Street

This article was written by Media Man - thanks to JHB LIve for the lead

Main Street Life, situated on the east side of Johannesburg’s CBD, will breathe more art and life into this fast-developing, vibrant part of town.

The building will house a boutique hotel – with each of the 12 rooms done out to reflect a different decade of Joburg’s history – as well as penthouse suites, shops, restaurants, and an independent cinema.
 
Photo: Russell Grant is the marketing force behind Main Street Life

Halala Joburg Awards: The JDA opens nominations for 2010

The Johannesburg Development Agency (JDA) is an agency of the City of Johannesburg which stimulates and supports area-based development initiatives throughout the Johannesburg Metropolitan area in support of the City’s Growth and Development Strategy.

The Halala Joburg Awards is an annual awards programme established by the JDA in 2008. The awards recognise private sector investors who are redeveloping and building Inner City properties. The awards programme also honours people strive to improve the quality of life in the Inner City of Johannesburg.

Photo: The Halala Awards recognise those who uplift Joburg
 

Soccer ball brightens tower

Derived from Liezel Hill’s article in Engineering News

A 35-ton fibre glass soccer ball has been hoisted 96 metres above the ground on Telkom's Hillbrow Tower, in Johannesburg, as the city counts down to the start of the 2010 FIFA World Cup.

The hoisting began on November 28 last year, and was completed about two weeks later.

Photo: Did you ever wonder how that huge soccer ball got onto the Hillbrow Tower?