The rates income from the Johannesburg central business district (CBD) has reduced drastically, with many properties now having little or no value. For Johannesburg Chamber of Commerce president Ernest Mahlaule this is a major concern. "There are many factors that need to be urgently attended to in order to address the situation," he says, "including, but not limited to, conducting the necessary ongoing maintenance of the buildings and stopping building hijackers and illegal occupation before they happen. Most of them are simply taking advantage of national policy’s stipulation that alternative occupation must be provided whenever an eviction takes place." The same laws apply to Cape Town, yet its mayoral committee member (MMC) for finance, Johan van der Merwe, says "residential space near Cape Town is highly desirable due to sea and mountain views, and these same natural features limit how much space is available. "Nevertheless," he says, "great success has been achieved in leverag...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.