(joburg.org.za) MORE than R1,7-billion has been invested in property refurbishments and construction in the inner city since Johannesburg launched a drive to regenerate the area in October 2004.
To complement this, the City is calling on black economic empowerment (BEE) and female investors to take advantage of the inner city’s bright economic climate and participate in its efforts to reverse the negative economic trend that characterised the area during the 1990s.
Speaking at an urban development zone (UDZ) seminar attended by business people on Wednesday, 4 April, the acting executive director in Joburg’s Department of Economic Development, Jason Ngobeni, said the revitalisation of the inner city was a key City priority.
“To demonstrate this commitment and dedication, the executive mayor has re-prioritised this important region and has directed the office of the City manager to organise the Inner City Summit.
“The purpose of the summit is to mobilise inner city stakeholders towards a focussed and inclusive agenda for the regeneration of Joburg’s inner city through a consultative process which commenced last year and engages all the stakeholders, and through robust discussions to formulate an all-binding charter.” (more…)
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