×

We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

The pockets of gentrification in the neighbouring Cape Town suburbs of Salt River and Woodstock have been the cause of much contestation in recent years. Some celebrate the investment in renovation and rebuilding, emphasising the influx of capital that comes from well-heeled Capetonians and tourists visiting markets and art galleries and décor shops, all the while sipping on craft beer and artisanal coffee.

Others bemoan the profiteering of opportunists who buy and develop cheap properties, arguing that this process displaces existing businesses and residents, further disadvantaging poor or working-class communities — thus aggravating the “two economies” effect...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now