SIX key details about South Africa’s R86bn ‘new city’ – including when it’ll be ready…

SIX key details about South Africa’s R86bn ‘new city’ – including when it’ll be ready…

If Cyril Ramaphosa is looking to create some sort of legacy with his time in office, it would seem his desire to intsall more than one ‘new city’ in South Africa is his best bet. The president is adamant that new urban developments are vital when it comes to banishing the ghosts of apartheid – and that includes the work going on at Mooikloof.

A new city for South Africa: What we know about Mooikloof

The Tshwane-based project is up and running, after it was unveiled two years ago by President Ramaphosa. Real estate giants Balwin Properties secured the contract, and they expect to complete their work by the end of the decade.

A brief update on Mooikloof was published in the 2022 Wealth Report, which was released by Knight Frank this week. They singled out the new city for its ‘strong green credentials’, and praised it as a pioneering project for Mzansi.

“Unveiled in 2020 by President Cyril Ramaphosa, the city is set to be the world’s largest part-ownership residential property development. It has also been designated as one of South Africa’s state-led strategic integrated developments aimed at ensuring inclusive housing for all, as well as having strong green credentials.”

Knight Frank

IN NUMBERS: The Mooikloof development is turning heads

Mooikloof is expected to provide tens of thousands of jobs and living spaces, and it will occupy a substantial part of the Gauteng landscape. Here are some of the most remarkable numbers behind the ambitious build…

  • The 200-hectare development will be home to educational centres, healthcare facilities, retail hubs, and vast real estate.
  • Over 50 000 residential units will be built here.
  • In total, Mooikloof is expected to create a total of 41 000 jobs, offering locals access to outdoor gyms and sport centres.
  • The estimated cost stands at $5 billion / R86 billion.
  • It will cover a space of over two million square metres, at its base in the east of Pretoria.
  • The ten-year project should be completed by 2030, according to the latest update.

This isn’t the only new city in the pipeline, though…

Mooikloof isn’t the only new city that demands the president’s attention, however…

A ‘smart city’ is set to break new ground on the Wild Coast. Eastern Cape Premier Oscar Mabuyane confirmed during his recent State of the Province Address that the project is ‘gaining momentum’, and the construction of this unnamed location has the potential to draw major investment to the region.

Elsewhere, development could start as early as June 2022 on Nkosi City in Mpumalanga, which boasts an urban design based on a farming economy. Green energy will power most of the ‘agri-city’, and it’ll be home to about 3 500 individual living spaces. Office blocks, schools, and a new hospital are at the heart of the project.