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[EXPLAINER] Young professionals are increasingly leaving Cape Town for Johannesburg in a trend experts call “reverse semigration,” driven by high living costs in the coastal city. Johannesburg offers not only higher salaries, particularly in tech and finance, but also more affordable housing and lifestyle conveniences that appeal to young...

62,927 次观看 • 4 个月前 •via X (Twitter)

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THE JOHANNESBURG PROPERTY COMPANY’S GRACE AND FAVOUR LAND DEALS In the final instalment of my series on the foreign takeover of what was once an upscale, leafy suburb neighbouring the affluent Bedfordview enclave in the East Rand and Kensington in Johannesburg, we can now more openly explore the potential corruption linked to Helen, the CEO of the Johannesburg Property Company, and the suspiciously low-priced fire sales of valuable city-owned land in Johannesburg. One likely explanation involves the extent to which these and other properties have been offloaded under dubious circumstances, when they should never have been sold at all. A recurring theme is the acquisition of properties that serve as key transport hubs. The suspicion is that the entities behind these purchases, including the Erf 133 properties, are biding their time, expecting Johannesburg will eventually be forced to buy them back—at vastly inflated prices. This is exactly what's unfolding with the Jabulani Property and Calgro M3. A small portion of the Erf that was initially sold for just R1.00 is now allegedly being sold back to the council for R45 million. Similarly, the Chinese owners of the Bruma property, who recently evicted the taxis using the land—with no alternative location for the taxi rank—are now lying in wait for the City of Johannesburg to make them an offer they can't refuse. It is important to understand that Johannesburg Property Company does not have the authority to dispose of land at will and that rules do apply, even to Helen Botes. The authority under which Johannesburg may dispose of land derives from its supply chain management policies; in particular, its “Supply Chain Management Policy: Land” (“SCMP:L”). This is under the auspices of the Local Government: Municipal Finance Management Act, 2003 (the “MFM Act”) The copy of the SCMP:L, which I have been able to locate, is, in fact, unsigned, so its authenticity needs to be established. However, the City of Johannesburg must supply an authentic copy, valid as at the relevant dates (from 2010 onwards). Assuming that my copy is authentic, the following is of relevance: 1. The thrust of the SCPM:L is to ensure that the Johannesburg land is disposed of in a fair and transparent manner. 2. “Available vacant land” is defined in the SCMP:L as “land not necessary to provide minimum municipal services, including but not limited to gardens, parks and similar facilities…..” 3. Section 7 (2) (a), which provides that the accounting officer (the Municipal Manager of Johannesburg) may not delegate his or her power and duty to make an award exceeding R 10 million; 4. Section 12 (1) (b), which states that the alienation strategy should “ensure that irreplaceable land is not lost to COJ (City of Johannesburg) or the public, taking into consideration the principle that COJ land should not be sold, but should rather be made available for use or development purposes by means of long-term and short-term leases;” All of this, of course, hinges on the condition that the land actually generates revenue for Johannesburg, rather than being handed out in grace-and-favour deals to foreign investors. With the taxi rank now forced to use the main road through Bruma for parking, creating a significant traffic issue, and as complaints continue to pour in about the taxis clogging the road, the theory gains traction: it’s only a matter of time before the City of Johannesburg will have to approach the Chinese owners and buy back the land to accommodate the planned transport hub in the area. I reached out to the Johannesburg Property Company for details and comments regarding the alienation of Erf 133 in Bruma. Specifically, I asked whether the City of Johannesburg had indeed been paid for the land, requested evidence of the payment, and inquired about the total amount received and any outstanding balances.... 1/2

Nicole Barlow

65,492 次观看 • 2 年前

Exploring Career Opportunities in Calgary’s Thriving Homebuilding Industry 🏡 🏗️ Calgary’s housing market is not just growing; it’s thriving! And with this rapid growth comes an array of job opportunities in construction, real estate, and development. If you’re a young individual or a new Canadian looking for a promising career path, the housing sector in Calgary could be your golden ticket. Wide Range of Careers 🦺 Construction Experts: We need framers, cribbers, plumbers, and electricians. Management and Supervision: Talented site supervisors and estimators. Design and Planning: Opportunities for those skilled in drafting and design. Real Estate Professionals: A vibrant market for sales and property managers. Urban Development: High demand for urban planners, architects, and engineers. The city’s expansion plans are creating continuous demand in these areas. Whether you’re starting your career journey or looking to switch paths, the housing sector in Calgary offers a robust platform to build your future. Why Wait? The industry is ripe with opportunities, and the time to act is now. If you have the skills, passion, or just the curiosity to explore these avenues, Calgary’s housing market is waiting for you. Don’t let hesitation hold you back. Embrace the chance to be a part of a sector that’s not only shaping homes but also shaping futures. Join the homebuilding industry in Calgary and build a career that’s as sturdy and promising as the homes you’ll help create. What is holding you back? Let me know in the comments below! Take care, Shane #yychomebuilding #yycconstruction #calgaryhomes #calgaryhomebuilders #calgaryconstruction #yychomes #calgaryhome #yycre #callgaryhome #shanewenzel #shanehomes #calgarycareers #yycbiz #yycbusiness #calgarybusiness #yycentrepreneurs #calgaryentrepreneurs

Shane Wenzel

85,646 次观看 • 2 年前

Yesterday’s increase in Interest rates is not going to do anything to fix the underlying structural imbalances in our economy. It is not going to help build one oil refinery or find a new discovery oil. The reason we have persistent inflation in Australia is because our government is running high immigration, high spending programs alongside chronic underinvestment in infrastructure and manufacturing after decades of privatisation. It is completely absurd that the Australian people are now going to be punished with higher interest rates alongside higher fuel costs. The higher fuel costs is in-itself going to dampen demand by increasing the cost of living so why pour fuel on the fire by increasing the cost of living even more. We are in this mess because of government spending not because Australians are spending too much just to survive. Manipulating interest rates is only dealing with the symptom not the cause. Notwithstanding we can’t solve inflation in the next 30 days, Australia needs to start building more infrastructure and factories and training our children the trades needed to do it. This will increase the supply of essential goods to bring inflation down. People First is the only party with the policies that will do this. We will create an infrastructure bank to fund the infrastructure free from foreign debt and we will bring back the military apprenticeship scheme to train our children how to build and maintain the infrastructure and manufacturing plants. Sign up today at

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28,618 次观看 • 5 个月前