Why Steyn City is not the answer for Joburg

Cape Town – The benefits of developing a multi-billion rand estate won't be sufficient in addressing socio-economic issues facing millions of people living in a fragment and ruptured society, scholars and researchers said in reaction to the launch of Steyn City in Johannesburg.

The estate, which was developed with former president Nelson Mandela’s blessing, is set to go on market on Saturday with freehold stands starting at over R2m and fully designed houses going for R17m.

Former SA Planning Institute (Sapi) president Yusuf Patel told Fin24 that while the investment was excellent for the city, he was concerned about its impact on the spatial fabric of the city.