South African President Cyril Ramaphosa has launched the Mooikloof Mega City partnership, a new major housing PPP to bolster the country’s economy and deliver much needed “post-apartheid” housing.
The first phase of the $1.8bn development will deliver 50,000 residential units, making it one of the largest residential developments in South Africa’s recent history.
Land has also been earmarked for supporting infrastructure such as schools, clinics and commercial spaces.
The project is a PPP between Balwin Properties and Gauteng provincial government and the City of Tshwane.
“The success of any future mega housing development rests with public-private sector collaboration. Private sector resources and expertise will aid government’s efforts to meet the housing demand. The public sector can incentivise further investment by providing the necessary bulk infrastructure to enable development,” Ramaphosa said.
“This is the way we would like things to be done in our country moving forward. This wonderful mutually beneficial operation and collaboration is going to be the order of doing things as we move forward.”