{"id":840001,"date":"2025-10-15T13:00:00","date_gmt":"2025-10-15T11:00:00","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=840001"},"modified":"2025-10-15T12:25:25","modified_gmt":"2025-10-15T10:25:25","slug":"three-new-cities-pumping-r45-billion-into-south-africas-financial-capital","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/840001\/three-new-cities-pumping-r45-billion-into-south-africas-financial-capital\/","title":{"rendered":"Three new &#8216;cities&#8217; pumping R45 billion into South Africa\u2019s financial capital"},"content":{"rendered":"\n<p>Johannesburg is seeing billions spent on new residential developments, with the city looking to address a shortage of affordable housing units.&nbsp;<\/p>\n\n\n\n<p>Despite serious issues facing the city, including poor governance and major infrastructure failures, Johannesburg remains the nation\u2019s largest and richest city.&nbsp;<\/p>\n\n\n\n<p>The majority of South Africa\u2019s largest companies are headquartered in Johannesburg, which is seen as the nation&#8217;s financial powerhouse.&nbsp;<\/p>\n\n\n\n<p>Due to its financial might, the city sees an influx of workers from other provinces and neighbouring nations.&nbsp;<\/p>\n\n\n\n<p>The city has housing shortages reaching the thousands, with many people in the city forced to live on the streets.&nbsp;<\/p>\n\n\n\n<p>Several developments in the nation are thus set to address the nation\u2019s shortage of affordable housing, which will also give access to basic services.&nbsp;<\/p>\n\n\n\n<p>The city\u2019s development pipeline includes public and private investments, including:&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Southern Farms<\/li>\n\n\n\n<li>Bankenveld District City<\/li>\n\n\n\n<li>Riverside View&nbsp;<\/li>\n<\/ul>\n\n\n\n<p>Southern Farms and Riverside View are being led by the public sector, while the Bankenveld District City is a joint venture between JSE-listed Calgro M3 and the Eris Property Group.&nbsp;<\/p>\n\n\n\n<p>The developments are set to add thousands of affordable housing units to address shortages in some of the city\u2019s most populated areas.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Southern Farms\u00a0<\/h2>\n\n\n\n<p>Launched in May 2025, construction on the R27 billion Southern Farms Development has started, with bulk and link infrastructure installed for Phase 1.&nbsp;<\/p>\n\n\n\n<p>The project is set to deliver an estimated 43,000 housing units, including several supporting land uses such as retail, commercial, industrial, parks and social amenities.<\/p>\n\n\n\n<p>The development will encompass several distinct precincts across areas such as Diepkloof, Freedom Park, Eldorado Park and Naturena.&nbsp;<\/p>\n\n\n\n<p>The development will have seven local neighbourhood parks with play facilities, six multi-purpose sports courts, a local library, two home affairs offices, and more.<\/p>\n\n\n\n<p>It will also have clinics, schools, taxi ranks, roads and essential infrastructure to ensure a connected community.&nbsp;<\/p>\n\n\n\n<p>Johannesburg Mayor Dada Morero previously said the project would address economic issues and challenges and be a source of pride for the city.&nbsp;<\/p>\n\n\n\n<p>Nomoya Mnisi, MMC for Economic Development, urged locals to capitalise on the job and business opportunities during construction and beyond.&nbsp;<\/p>\n\n\n\n<p>Potential residents have, however, been warned about the strict compliance protocols, with no one receiving a house unless they are on the verified housing database.&nbsp;<\/p>\n\n\n\n<p>Despite having a multi-billion-dollar budget for the development, <a href=\"https:\/\/joburg.org.za\/media_\/Newsroom\/Pages\/2025-News-Articles\/MMC-Mabaso-breaks-ground-on-final-phase-of-Riverside-View-Development.aspx\">the city<\/a> still called on the community to protect against land invasion and illicit activity.&nbsp;<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/southern-farms-5-e1760520354559.jpeg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/southern-farms-5-e1760520354559-1024x576.jpeg\" alt=\"\" class=\"wp-image-840006\"\/><\/a><\/figure><\/div>\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/southern-farms-4-e1760520370174.jpeg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/southern-farms-4-e1760520370174-1024x576.jpeg\" alt=\"\" class=\"wp-image-840005\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/southern-farms-4-e1760520370174-1024x576.jpeg 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/southern-farms-4-e1760520370174-300x169.jpeg 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/southern-farms-4-e1760520370174-768x432.jpeg 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/southern-farms-4-e1760520370174.jpeg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure><\/div>\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/southern-farms-1-1-e1760520388338.jpeg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/southern-farms-1-1-e1760520388338-1024x576.jpeg\" alt=\"\" class=\"wp-image-840003\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/southern-farms-1-1-e1760520388338-1024x576.jpeg 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/southern-farms-1-1-e1760520388338-300x169.jpeg 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/southern-farms-1-1-e1760520388338-768x432.jpeg 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/southern-farms-1-1-e1760520388338.jpeg 1280w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure><\/div>\n\n\n<h2 class=\"wp-block-heading\">Bankenveld District City<\/h2>\n\n\n\n<p>In the private sector space, JSE-listed Calgro M3 has started work on the&nbsp; R18 billion Bankenveld District City.&nbsp;<\/p>\n\n\n\n<p>The development will add 20,000 housing units between Sandton and Midrand. The development is accessible via the M1 and N3 highways and the Marlboro Gautrain station.&nbsp;<\/p>\n\n\n\n<p>On top of the affordable housing units, the development will offer retail, lifestyle and amenities.&nbsp;<\/p>\n\n\n\n<p>Calgro M3 will provide housing units, while Eris focuses on industrial and commercial development.<\/p>\n\n\n\n<p>In its latest financial results, Calgro M3 said that it was negotiating with the public sector to finalise the city\u2019s infrastructure agreement.&nbsp;<\/p>\n\n\n\n<p>These discussions and agreements with the public sector will allow the group to cater to the lower LSM (Living Standards Measure) housing market once the development is concluded.&nbsp;<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/BANKENVELD-DC-1.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/BANKENVELD-DC-1-1024x576.jpg\" alt=\"\" class=\"wp-image-839788\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/BANKENVELD-DC-1-1024x576.jpg 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/BANKENVELD-DC-1-300x169.jpg 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/BANKENVELD-DC-1-768x432.jpg 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/BANKENVELD-DC-1.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure><\/div>\n\n\n<figure class=\"wp-block-image size-large\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/Bankeveld-dc-4.jpeg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/Bankeveld-dc-4-1024x576.jpeg\" alt=\"\" class=\"wp-image-839792\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/Bankeveld-dc-4-1024x576.jpeg 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/Bankeveld-dc-4-300x169.jpeg 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/Bankeveld-dc-4-768x432.jpeg 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/Bankeveld-dc-4.jpeg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<figure class=\"wp-block-image size-large\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/BANKENVLED-DC-4.jpeg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/BANKENVLED-DC-4-1024x576.jpeg\" alt=\"\" class=\"wp-image-839791\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/BANKENVLED-DC-4-1024x576.jpeg 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/BANKENVLED-DC-4-300x169.jpeg 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/BANKENVLED-DC-4-768x432.jpeg 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/BANKENVLED-DC-4.jpeg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Riverside View\u00a0<\/h2>\n\n\n\n<p>While the Southern Farms and Bankenveld District City developments are very early in their development, the Riverside View Soci\u200bal Housing Development in Fourways is nearing completion.&nbsp;<\/p>\n\n\n\n<p>The first three phases of the development have already been opened, with city officials breaking ground on phase 4 in July of this year.&nbsp;<\/p>\n\n\n\n<p>Phases 1 and 2 were completed in September 2023, while Phase 3, launched in 2024, added just under 200 units.<\/p>\n\n\n\n<p>Phase 4 of the development will add around 750 units and will be funded by R53 million from the city and R291 million from the Social Housing Regulatory Authority&#8217;s Consolidated Capital Grant.<\/p>\n\n\n\n<p>Developers Valumax said that the development is set to offer a mix of affordable and mid-income housing.&nbsp;<\/p>\n\n\n\n<p>The development is situated directly north of the popular estate for the rich, Steyn City, and will offer close to 11,000 units when completed.&nbsp;<\/p>\n\n\n\n<p>Riverside View other amenities include primary and secondary schools, community facilities, a retail centre, filling stations and community parks.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/RIVERSIDE.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/RIVERSIDE-1024x576.jpg\" alt=\"\" class=\"wp-image-840008\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/RIVERSIDE-1024x576.jpg 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/RIVERSIDE-300x169.jpg 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/RIVERSIDE-768x432.jpg 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/RIVERSIDE.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><figcaption class=\"wp-element-caption\">Source: Tri-Star Construction<\/figcaption><\/figure><\/div>\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/RIVERSIDE-2.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/RIVERSIDE-2-1024x576.jpg\" alt=\"\" class=\"wp-image-840009\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/RIVERSIDE-2-1024x576.jpg 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/RIVERSIDE-2-300x169.jpg 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/RIVERSIDE-2-768x432.jpg 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/RIVERSIDE-2.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure><\/div>\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-large\"><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/RIVERSIDE-3.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/RIVERSIDE-3-1024x576.jpg\" alt=\"\" class=\"wp-image-840010\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/RIVERSIDE-3-1024x576.jpg 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/RIVERSIDE-3-300x169.jpg 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/RIVERSIDE-3-768x432.jpg 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2025\/10\/RIVERSIDE-3.jpg 1200w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/figure><\/div>\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n","protected":false},"excerpt":{"rendered":"<p>The City of Johannesburg has three major developments in the works that are set to add thousands of housing units. <\/p>\n","protected":false},"author":95,"featured_media":840004,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[14315,11941,23820],"class_list":["post-840001","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-calgro-m3","tag-eris-property-group","tag-tri-star-construction"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/840001","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=840001"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/840001\/revisions"}],"predecessor-version":[{"id":840019,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/840001\/revisions\/840019"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/840004"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=840001"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=840001"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=840001"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}