This greenfields mega project will take ten years to complete with a total development value of over R28 billion. The 1462ha will be developed into 18 399 integrated housing units. There will be a total of 5 517 fully subsidised units (RDP), 2 635 RES 3 units and 10 246 RES 1 FLISP subsidised units. The partners involved in the development are Basil Read, Housing Impact Fund of South Africa (Old Mutual, DBSA, Eskom, GEPF), National and Provincial Government, Midvaal Local Municipality, Emfuleni Local Municipality and Sedibeng District Municipality. Cosmopolitan is the selected developer responsible for the marketing, sales and construction of the 10 246 RES 1 FLISP units. Cosmo City was Basil Read’s first mixed-use development, a project that provided the platform for Savanna City.
This benchmark project will also include 16 schools, a conservation area of 400ha, together with public open spaces, 32 institutional sites, clinics, churches, social facilities and 9 commercial and retail opportunities. All services and facilities are easily accessible and within walking distance. A North-South spine road links all of the economic and social facilities. Direct access links Orange Farm, Stredford train station and the new 30 000m2 Eyethu Mall, within 3km from site and will boost economic and social integration. It is estimated that Savanna City will provide 54 900 employment opportunities during the ten year construction period and 12 700 permanent employment opportunities after completion.
Cosmopolitan launched the Savanna City Show Village in November 2014. The event was well attended. All the Major Banks together with the National Housing Finance Corporation (NHFC) approved the project. By way of reference to the sales results, it is clear that the public are extremely excited about Savanna City. All 164 FLISP units released were sold before launch day. Construction of the bonded homes is planned to start by the middle of 2015, with first occupations around August 2015. Cosmopolitan’s target is to have the first 500 units sold by December 2015.
The Director General of Human Settlements, Thabane Zulu officially launched the National Human Settlements Youth Brigade Program at Savanna City in December 2014. The Youth Brigade Program is focused on creating organised youth teams and to train them in the construction and engineering sector. This pilot project will include theoretical and practical training. Once the youth teams complete Basil Read’s theoretical training, they will join Cosmopolitan and Basil Read construction teams for practical experience.
At the same time, the first park (a CSI initiative) called ‘Bapala’ in Savanna City was handed over to Mayor Bongani Baloyi from Midvaal Municipality. The park was designed and built using local community participation. In this case, children from Lakeside Primary School inspired the design for the park by way of artwork and imagery of a dream park, consistent with Savanna City’s unconventional vision. Savanna City is a Government priority mega project and will play a critical part in contributing to Government’s second social contract of achieving the next five years’ housing targets.