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BusinessTech – R30 billion ‘mini city’ near Durban

Posted on 12 August 2022
BusinessTech – R30 billion ‘mini city’ near Durban

12 August 2022: Business Tech – Developers have broken ground on the first phase of a major new development in KwaZulu-Natal, which will see a new ‘mini city’ built between Durban and Pietermaritzburg.

The first phase of the development is Westown, a mixed-use and retail component of the greater Shongweni Urban Development project. Westown is being developed by Fundementum, with the greater project – valued at R30 billion – being done through a partnership between eThekwini Municipality and sugar giant Tongaat Hulett.

The project has suffered several delays due to Tongaat Hulett’s financial woes, as well as the Covid pandemic in 2020/21. According to the developers, the first phase of the project was ready to launch in 2020 but suffered delays due to the Covid-19 pandemic.

Read the full article here.

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