Ramaphosa unveils R30 billion Mooikloof Mega Residential City

Africa National

04 October 2020

Staff Reporter/PretoriaLIVE

PRETORIA – President Cyril Ramaphosa on Saturday unveiled unveil the first phase of the Mooikloof Mega Residential City which he praised pushing back the frontiers of human settlements in South Africa country, by way of design, planning and construction.

President Cyril Ramaphosa being welcomed by Human Settlements Minister Lindiwe Sisulu and Gauteng Premier David Makhura in Mooikloof. Image credit: GCIS

“I want to congratulate the developers Balwin Properties, the provincial government, and the City of Tshwane for their commitment to bringing this project to fruition, and within such constrained timeframes,” said Ramaphosa at the event also attended by Gauteng Premier David Makhura, Human Settlements Minister Lindiwe Sisulu, Tshwane Administrator Mpho Nawa, and CEO of Balwin Properties, Stephen Brookes.

“We would also not be at this point without the considerable energies being brought to bear to this project by Dr. Kgosientso Ramokgopa, who heads up the Investment and Infrastructure Office in the Presidency,” said Ramaphosa.

“As we know, Dr. Ramokgopa is a son of Tshwane, and it has been a boon and an advantage to have him on board to drive the national infrastructure build effort, and in supporting this development in particular.”

The Mooikloof Integrated 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 (SIDS) in June, which managed to unlock over R340bn 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. I see, then, that when I said last year that we must Khawuleza or hurry up in meeting our people’s needs, that the City of Tshwane and the Province took heed,” said Ramaphosa.

The first phase of the project is residential developments, and 50,000 sectional title units are planned.

Once completed, the Mooikloof Mega City may end up becoming the world’s largest sectional property development, with land also earmarked for schools, shops and offices.

Ramaphosa said it is pleasing to note that the development is being pursued in line with green building principles, and will make optimal use of green belts and green spaces for residential recreation.

“Furthermore, the use of recycled materials and solar energy technology furthers our commitment to making green human settlements a permanent feature on the national landscape. This housing development addresses what may be referred to as the ‘housing missing middle’; people who earn too much to qualify for fully subsidized housing but who don’t earn enough to afford debt-financed housing in areas of their choice,” said the president.

” But by far the most important aspect of this catalytic project is its contribution to inclusionary housing development. 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.”

He said 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.

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 . These are some frustrations that investors face and it is our mission to unblock these administrative blockages. For example, together with Minister Sisulu we are working to ensure that the issuing of water use licences as well as appeals takes 90 days,” said Ramaphosa.

The Gauteng Provincial Government is funding the expansion of the Garsfontein provincial road to accommodate the projected increase in vehicle traffic generated by the development.

The National Department of Human Settlements through its agency, Housing Development Agency, is assisting a model to make it possible for more low-income households to benefit from the development. Potential homeowners will also be able to apply for assistance from government’s Finance Linked Individual Subsidy Programme (FLISP)

This development will also lead to the creation of some 41 000 jobs “at a time when they are sorely needed”, said Ramaphosa.

PretoriaLIVE

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