Gauteng Business 2017-18 edition
Gauteng Business 2017/18 is the ninth edition of this highly successful annual journal, that has established itself as the premier business and investment guide for the Gauteng province. Special features for 2017/18 include a focus on major new developments in the region’s metros, complemented by detailed overviews of the main economic sectors in South Africa’s most important provincial economy.
Gauteng Business 2017/18 is the ninth edition of this highly successful annual journal, that has established itself as the premier business and investment guide for the Gauteng province. Special features for 2017/18 include a focus on major new developments in the region’s metros, complemented by detailed overviews of the main economic sectors in South Africa’s most important provincial economy.
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SPECIAL FEATURE<br />
core businesses in the area, with a huge headoffice<br />
complex. Randburg Square has recently<br />
been converted from offices to <strong>18</strong>0 flats by Vukile<br />
Property Fund.<br />
This kind of conversion is becoming a trend,<br />
with office vacancies standing at 11% in early <strong>2017</strong><br />
across South Africa. The building of their own huge<br />
new corporate headquarters by big companies exacerbates<br />
this trend. Another property fund, Emira,<br />
plans to convert some of its Rosebank office space<br />
into accommodation. Even within the new Menlyn<br />
Maine development, planners are expecting to convert<br />
some of the residential accommodation being<br />
offered in the first phase to offices when demand<br />
picks up again.<br />
Less exclusive nodes of development (or new<br />
mini-cities) are in the works near Orange Farm south<br />
of Johannesburg (Savannah) and around the capital<br />
city of Tshwane.<br />
Tshwane’s West Capital Project will be a mixeduse<br />
development comprising retail outlets, health<br />
facilities, residential accommodation (including a<br />
student village) and commercial premises.<br />
The African Gateway project is planned for an<br />
80ha site near to the Centurion Gautrain station that<br />
will be tied in with designs for the government and<br />
Tshwane International Convention Centre precincts.<br />
Corridors<br />
Much of the development referred to above is<br />
taking place in terms of a broader framework of<br />
development. Johannesburg’s Freedom Corridors<br />
are designed to guide future development and<br />
break down the spatial framework that apartheid<br />
created. Central to the concept is the availability<br />
of public transport which will allow residents easy<br />
access to other parts of the city including public<br />
spaces and retail or entertainment nodes.<br />
The Wynberg-Alex-Marlboro corridor is earmarked<br />
for high-density residential development<br />
which will create markets for small businesses<br />
and tourism. Another corridor, the Orange Grove-<br />
Bramley-Waverley-Highlands North-Kew corridor,<br />
already has a large number of small businesses and<br />
automotive repair and trade shops so the plan is<br />
GAUTENG BUSINESS <strong>2017</strong>/<strong>18</strong><br />
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