From Creamer Media in Johannesburg, this is the Real Economy Report.
A City of Johannesburg initiative is redeveloping abandoned or derelict buildings in the city centre into low-cost accommodation units for the working poor. Natalie Greve visited a number of these developments to find out more.

Natalie Greve:
The Johannesburg Social housing Company, or JOSHCO, currently manages around 7 500 units which are spread across several projects in the inner city and which provide housing for around 25 000 tenants. The company aims to further densify in core locations where infrastructure and public transport networks will be less costly to maintain. JOSHCO CEO Rory Gallocher explains the objective of this development.

JOSHCO CEO Rory Gallocher

Natalie Greve:
Gallocher believes that to assist those living and working in the inner city, the space must be controlled and managed.

Rory Gallocher

Natalie Greve:
Gallocher adds that operating within the inner city presents a unique set of challenges.

Rory Gallocher

Shannon de Ryhove:
Other news making headlines this week: Eskom is keen to grow in Mozambique; a materials handling firm targets the top supplier spot as it expands its offering; and Eskom will finalise its tariff application by August.

State-owned power utility Eskom is keen to pursue more cross-border electricity projects with its peer EDM, CEO Brian Dames said at the opening of a 107.5 MW interim gas-fired power plant in Mozambique.

Eskom CEO Brian Dames

Johannesburg-based Pilot Crushtec, a supplier of mobile and semimobile crushing, screening and materials handling products for the mining and construction industries, is aiming to be the leading supplier of its three newly launched products within 18 months.

Pilot Crushtec CEO Sandro Scherf

National power producer Eskom will submit its tariff application to the National Energy Regulator of South Africa by August.

Eskom CEO Brian Dames

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

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