Ekurhuleni metropolitan has added a feather in its cap by being announced the overall winner in the Greenest Municipalities competition, walking away with prize money of R3.5 million.
Durban is like any other urban space; it suffers from decay and is constantly in need of regeneration.
Upgrades and infrastructure projects are intended to transform the node by guiding development, improving the built environment and restore business confidence in the area.
Back in 2010 there were pessimists and optimists arguing it out over the potential embarrassment or pride at the outcome of eThekwini's plans to pretty up the beach front and revamp its facilities for international guests coming to town for the world cup.
In another example of its commitment to supporting property development that supports local government’s infrastructure initiatives, Nedbank Corporate Property Finance KZN has provided a R273 million loan to fund the building of a new shopping centre in the booming KwaMnyandu growth node in Umlazi, which was officially launched on Friday 1 March by the Ethekwini Municipality.
eThekwini municipality is breaking ground by building houses near an industrial estate in the Cornubia precinct.
As a mixed use and mixed income development spanning over 20 years, the multi-billion rand Cornubia project, is one of the province's and ethekwini's big priority projects, which is set to alter the skyline of the city and Umhlanga in the future.
Many pundits are saying that the South African property market is overheated and a major downward correction is imminent
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