All data is delayed
See More

Joburg to take a piece of Cape Town

Feb 22 2011 06:38
Carin Smith
Cape Town - Cape Town’s foreshore is due to get a large hospital as well as become the home of important technology companies from Johannesburg.

According to Western Cape Transport Minister Robin Carlisle, this would form part of the massive R5bn-odd development on the vacant ground between the Cape Town International Convention Centre (CTICC) and the Artscape, which was currently being used for open-air parking.

The preparatory phase was almost complete and the development had already been fully let.

This included the CTICC expansion almost doubling its space, said Carlisle, who was a speaker at the opening of the Western Cape Property Developers Exhibition.

Carlisle added that the Western Cape Government was also considering developing the government garage premises in Roeland Street and that of the Somerset Hospital beside the V&A Waterfront.

Government would prefer to develop government property by means of leasehold rather than sell it, said Carlisle. In this way revenue streams could be developed which could in turn be used for other expenditure, such as for hospitals.

About 40 000 families migrated to the Western Cape every year, he said, and some 25 000 of these were not economically self-supporting. It was therefore important for Carlisle and his department to adopt an approach of economic growth through infrastructure investment.

- Sake24

For business news in Afrikaans, go to
robin carlisle  |  cape town  |  johannesburg  |  development



Read Fin24’s Comments Policy publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote