200,000 New Homes Planned for Cape Town
Wescape will be a new housing development situated along the West Coast Growth Corridor between Atlantis and Melkbosstrand in Cape Town.
Conceived by Bellandia and partners, the envisioned new development will encompass more than 3,000 hectares of land and provide housing for approximately 800,000 residents, along with light industry, commercial and retail developments.
The development will include parks, fields, sports complexes, hospitals and community services, primary and high schools and colleges and even a new university.
Wescape is the pilot project of the CommuniTgrow collective, a regenerative ecology initiative designed to deliver large-scale projects which maximise the potential of African communities.
Cape Town currently has an estimated housing backlog of almost half-a-million units.
Environmental and impact assessment studies are currently underway for the proposed Wescape project.
Manufacturing Shows Gains
Key indicators released yesterday showed that South African manufacturing may be recovering, possibly boosted by a weaker rand.
Mining production also showed gains, rising in January for the first time in five months. Mining makes up just over half of all South African exports.
The rand gained slightly on the news, trading at R9.16 to the U.S. dollar.
Expectations for the rand are now further to the upside.