Inner City Gazette

Page 1

Gazette nner City

Est 2009

R600 +27 76 681 0577 bayethe@gmail.com

Issue 30 - 2018

Tel : 011 024-8210 / 011 402 - 1977 Inner-City Gazette

Fax: 086 609 8601

Email : info@inner-city-gazette.co.za

inner_gazette

076 681 0577

Free Copy

2 - 9 August 2018

Website : www.inner-city-gazette.com gazette_city

Distributed free to households, churches, schools, libraries and businesses in Bellevue East • Bellevue • Benrose • Berea • Bertrams • Braamfontein • City and Suburban • City and Sub urban Industrial • City Deep • City West • Crown Gardens • Denver • Doornfontein • Elandspark • Elcedes • Fairview • Fordsburg • Glenanda • Heriotdale • Hillbrow • Jeppestown South • Jeppestown • Johannesburg Inner City • Kensington • Lorentzville • Malvern • Marshallstown • New Doornfontein • Newtown • North Doornfontein • Rosettenville • Troyeville • Turffontein • Village Main Ext 3 and Yeoville .

JOSHCO invests R1.2bn As part of the Inner City Revitalisation project, JOSHCO is targeting rentals that fall within the R800 to R1 000 per month range By Staff Reporter news@inner-city-gazette.co.za

J

OSHCO, as the leading agent in the provision of affordable housing in the City of Johannesburg, also has an important role to play in the revitalisation of our Inner City. The Johannesburg Social Housing Company has been allocated a capital amount of R1.2 billion over the medium term and an operating budget of R182 million for the 2018/2019 financial year. As part of this, R46 million has been set aside, in the current financial year, for the acquisition of buildings in the Inner City for the purpose of creating affordable housing for residents. “In terms of the Inner City Revitalisation project, we are targeting rentals that fall within the R800 to R1 000 per month range. “It is therefore particularly pleasing to know that the Bokamoso Housing Project offers monthly rentals of R1500. “I must hasten to add that there are strings attached for potential investors looking to participate in the revitalisation of our Inner City,” said Cllr Herman Mashaba. Any offer made to the private sector, on any building, will be dependent, in turn, on the size of investment to be made, the num-

JOSHCO CEO Anthony Thamsanqa Ngcezula

ber of units that will be built and, most importantly, charging low rental fees. The Mayor also indicated that, prospective bidders will have to create artisan training opportunities for the City’s young people. The city is looking forward to training at least 300 young aspirant artisans, as part of the work they will be undertaking. In cases where owners of hijacked buildings cannot be located‚ the city will bring an application for a court order to declare that the property in question has been abandoned and direct the Registrar of Deeds to register the property in the

name of the state or its nominee. “As I speak to you, we are in discussions with the national Department of Public Works over the possibility of the City of Johannesburg taking direct transfer of about 20 abandoned buildings,” added Mayor Mashaba. “We have been unable to trace the owners of these buildings and, as such, we want to take ownership of these buildings and development them into low-cost housing. “We are happy that the department has reacted positively to our intentions. “Even more pleasing is that the City and its

ratepayers will not be burdened with the cost of purchasing any of these buildings.” he said CEO Anthony Thamsanqa Ngcezula said, to this end, JOSHCO is streets ahead of other landlords. “We’re going to differentiate ourselves by not only giving a tenant a unit but ensuring that there’s a comprehensive community development strategy to enrich the lives of our tenants, play areas that are more enhanced, financial literacy and training to manage their finances, sport and recreation.


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