https://www.engineeringnews.co.za

Premier praises new mixed-use development in Menlyn

3rd November 2016

  

Font size: - +

From Creamer Media in Johannesburg, this is the Real Economy Report.

Sashnee Moodley:
The much anticipated mixed-use development Menlyn Maine’s Central Square was launched in September. Megan van Wyngaardt has the story.

Megan van Wyngaardt:
The R1.8-billion Central Square project, which forms part of an overall 315 000 square meter precinct, is a boutique-style mall housing 50 retailers, including Woolworths Food, restaurants such as Old Town Italy and lifestyle establishments such as the Virgin Classic gym and the Wellness Warehouse. Gauteng Premier David Makhura speaks about the significance of the development

David Makhura:
 

Megan van Wyngaardt:
Co-owned by joint investors Menlyn Maine Investment Holdings and the Government Employees Pension Fund, Makhura highlights that the area would also form part of the Gautrain rail system expansion.

David Makhura:

Megan van Wyngaardt:
However, the development of yet another retail offering in the already saturated Gauteng raises the question whether this capital should not have been spent in building the province’s industrial scape. Makhura explains.

David Makhura

Megan van Wyngaardt:
Besides the retail sector, Menlyn Maine will also be home to a residential quarter, offices, the Sun International Time Square casino, a park, a five-star hotel and an 8 000-seater arena development.

Sashnee Moodley:
Other news making headlines this week:
Logistics Barometer highlights paradox of local industry
SAP opens new co-innovation lab to bolster relevant innovation
And, Stronger institutions can save South Africa from ratings downgrade


If South Africa invests more in beneficiating more of its raw materials, the logistics costs relative to gross domestic product will drop, which will, in turn, contribute to job creation and grow the economy.
Stellenbosch University logistics professor Jan Havenga

South Africa has become home to enterprise application software firm SAP’s seventh Co-Innovation Lab, or ‘Coil’, aimed at promoting innovative, locally relevant solutions through the unification of different ideas, tools and technology.
SAP Africa MD Brett Parker
 

Reserve Bank Governor warned that the threat of a downgrade to South Africa’s investment-grade rating remained.
Reserve Bank Governor Lesetja Kganyago

Sashnee Moodley:
That’s Creamer Media’s Real Economy Report. Join us again next week for more news and insight into South Africa’s real economy.

Edited by Creamer Media Reporter

Comments

Showroom

SMS group
SMS group

At SMS group, we have made it our mission to create a carbon-neutral and sustainable metals industry.

VISIT SHOWROOM 
Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.167 0.219s - 150pq - 2rq
Subscribe Now