From Creamer Media in Johannesburg, this is the Real Economy Report. The conversion of the former grain silos in Newtown, Johannesburg into a trendy student accommodation called the Mill Junction for neighbouring university and college students has now been completed. Zandile Mavuso has the story.
Zandile Mavuso:
After working on the project for 12 months, property investment and management company Critiq has completed the 14 storey building, which will cater for undergraduate students around Johannesburg. Critiq MD Arthur Blake elaborates.
Critiq MD Arthur Blake
Zandile Mavuso:
Targeting university students, Blake mentions that it was critical for his team to create an environment conducive for student life
Arthur Blake
Zandile Mavuso:
Given the success of the Mill Junction, Blake notes that the company is looking forward to converting the grain silos across the street from the Mill Junction into another successful project using the expertise gained from this project.
Arthur Blake
Shannon de Ryhove:
Other news making headlines this week: South Africa’s solar industry begins to mature; and, the first counter-flow indirect evaporative cooling system is installed at a car dealership in South Africa.
South Africa’s solar photovoltaic energy industry has started to mature as costs come down and capacity rises.
National Treasury law director Lena Mangondo
In a bid to contribute to energy conservation in South Africa, car manufacturer Ford has installed the first counterflow indirect evaporative cooling system in the country at its Action Ford dealership, in Krugersdorp.
Ford Krugersdorp dealer principal Hartogh Streicher
That’s Creamer Media’s Real Economy Report. Join us again next week for more news and insight into South Africa’s real economy.