n IMIESA - Soweto's living legend : news

Volume 31, Issue 6
  • ISSN : 0257-1978
  • Author
  • Source : IMIESA, Volume 31, Issue 6, Jun 2006, p. 19 - 20
  • Accreditation : Department of Higher Education and Training (DHET)



Extracted from text ... IMIESA JUNE 2006 - 19 NEWS The construction of a R500-million shopping mall is currently underway in Soweto. The mall will be the first of its kind in Soweto and one of the largest in the country. Speaking at the site last month, executive mayor of the City of Johannesburg, Amos Masondo, called the project "an intervention that seeks to promote, facilitate, stimulate and encourage economic development". Soweto's population constitutes a total of 40% of Johannesburg's 3.4 million residents. The buying power of the area amounts to a massive R4.3-billion per annum. However, only around 25% of this sum, ..

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