affordable housing cape town

New Market Street Land Release: Paving the Path for Affordable Housing

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The City of Cape Town is making strides towards providing affordable housing for its residents through a strategic decision to allocate land for the development of 375 units, retail space, and over 300 gap and market rental units in the New Market Street site in Woodstock. This initiative reflects a shift in the City’s approach to housing development, as it embraces involving the private sector in the provision of affordable housing. The location of the development, within easy reach of amenities and public transport, is set to dramatically alter the lives of its future residents.

port of cape town private sector involvement

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Unlocking the Potential of Cape Town’s Port: The Need for Private Sector Participation During the Ports, Customs, and Border Security Conference held at the Cape Town International Convention Centre, Mayor Geordin HillLewis emphasized the importance of private sector involvement in driving economic growth and job creation at the Port of Cape Town. Efficient ports are crucial for a country’s development, and South African ports, including the historic Port of Cape Town, have been underperforming in global efficiency rankings due to the stateowned entity’s issues.