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Steyn City to invest another R50bn for next phase

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Security at Steyn City includes high tech CCTV, intrusion detection technology, a security nerve centre, access control technology, bobby’s on the beat and a plethora of trained security guards.  (Photo: Supplied)
Security at Steyn City includes high tech CCTV, intrusion detection technology, a security nerve centre, access control technology, bobby’s on the beat and a plethora of trained security guards. (Photo: Supplied)

Cape Town – If investors fear putting money into a new-age city on the banks of low-income communities, then the billions invested in creating Steyn City and developing the surrounding areas ahead of the estate’s launch should quell that concern.

Watch: The grand tour of Steyn City

Steyn City Properties, who launched the estate on Thursday, have so far invested around R6.5bn in building infrastructure in and around the state-of-the-art kingdom. The developers plan to invest another R50bn in the next phase. This will fund junior and senior schools, two top-tier shopping precincts, a business park, a medical centre, a retirement home and a private bus service.

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