President Cyril Ramaphosa recently launched the Mooikloof Mega Residential City in Tshwane, Gauteng, which is geared to address the housing needs of the “missing middle”.
The public-private partnership development seeks to assist the missing middle -- people who earn too much to qualify for fully subsidised housing but who do not earn enough to afford debt-financed housing in areas of their choice.
The President was joined at the launch by Public Works and Infrastructure Minister Patricia de Lille; Human Settlements, Water and Sanitation Minister Lindiwe Sisulu; Gauteng Premier David Makhura, City of Tshwane Administrator, Mpho Nawa and Balwin Properties CEO, Stephen Brookes.
The Mooikloof Integrated Development is the outcome of a successful public-private partnership between the developers Balwin Properties, the provincial government and the City of Tshwane.
The development has a total project value of over R84 billion and is one of the 62 Strategic Integrated Projects (SIPs) that were gazetted at the end of July.
The listing of the SIPs followed the inaugural Sustainable Infrastructure Development Symposium in June, which managed to unlock over R340 billion in private sector investment in key economic sectors.
“That we are already seeing the brick and mortar results of this strategic infrastructure project is immensely encouraging.
“...When I said last year that we must Khawuleza or hurry up in meeting our people’s needs, the City of Tshwane and the province took heed,” says the President.
The first phase of the project is residential developments, and some
50 000 sectional title units are planned.
“This development has all the key features of spatial integration. It is located in one of the most sought-after addresses in the City of Tshwane, with some of the highest average house prices. It is a nodal development, giving residents and tenants easier access to vital transportation corridors.
“The successful launch of Mooikloof further reinforces the appropriateness of the District Development Model, and the collaboration of the three spheres of government has made the project possible,” said the President.
The City of Tshwane has facilitated the approval of appropriate zoning and the provision of water, waste-water, and energy bulk infrastructure.
“I trust that as government, we are walking the talk on enabling conditions for development by issuing licences and zoning rights speedily. ”
Potential homeowners will also be able to apply for assistance from government’s Finance Linked Individual Subsidy Programme. The development is tipped to create 41 000 jobs. SAnews.gov.za