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Tag: Foreshore

Communicare sells Cape Town Foreshore building to foreign hotel chain

Social enterprise housing non-profit company (NPC) Communicare has sold its property on the Foreshore in Cape Town to an international hotel chain for R120 million, it said on Sunday. The new owner,...

Cape Town announces investigation into R87 million foreshore deal

Mayor of Cape Town, Patricia de Lille, has requested a forensic investigation into the Foreshore land auction. In a statement on Sunday (30 September), de Lille said the site was...

Foreshore development violates Cape Town’s transport policy, say experts

Plans for the R8bn development of Cape Town's Foreshore have been slammed by experts, who say they violate the City's own transport policy. The qualifying bidder for the development of...

Activists take on City over R10bn development for the ‘super wealthy’

The City of Cape Town should be ashamed for approving the R10bn Harbour Arch development in the city's CBD, activist organisation Reclaim the City said on Friday. The organisation’s spokesperson,...

Out of the Foreshore…into Croatia

LOCAL property group Tower has banked a nifty profit on selling a non-core property in Cape Town’s bustling Foreshore – and the proceeds may bank roll further expansion internationally. Last...

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Energy sector can contribute towards economic growth

While challenges remain in South Africa’s energy sector, Energy Minister Jeff Radebe is confident that the sector is poised for growth, if invested in. “The...

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