Enabling Economic Recovery – City of Johannesburg 2022

Page 16

Q& A

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BAYETE CAPITAL

While Johannesburg’s Midrand area has undergone significant development over the last decade, there is a true game-changer on the horizon – the Gauteng Central mega Sambudla of city. Namhle Sambudla, master developer Bayete Capital, unpacks the social and economic implications of mega projects like this.

MEGA PROJECTS DRIVE SUSTAINABLE DEVELOPMENT What are mega city projects and why are they important in the South African context? In South Africa, the Gauteng Partnership Fund uses the term ‘mega projects’ for human settlements developments that consist of more than 10 000 residential units. Gauteng Premier David Makhura has succinctly described their importance, saying, “The goal of mega projects is to achieve diversity in human settlements by emphasising mixed-income, high-density human settlements, which place an emphasis on social and economic inclusion, as well as promoting social justice.” In the case of mega city projects, as much as it may start off as a development with 10 000 residential units, this extends to the inclusion of all the amenities these settlements’ residents may need, making for a legitimate mixed-use development. Integration is at the heart of the concept in South Africa – not just integrating land uses but, more importantly, socially integrating

Namhle Sambudla, Director: Development Management, Bayete Capital


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