News-Update-23-Feb-2015-B - Mangaung Metropolitan Municipality


News-Update-23-Feb-2015-B - Mangaung Metropolitan Municipality
23 FEBRUARY 2015
Chief Investment Officer STANLIB Direct Property
Investments Amelia Beattie.
The Executive Mayor and representatives from STANLIB and Neo Khora Investments cut the
ribbon at the official announcment of Botshabelo Mall
CEO of Khora Investments, Neo Masithela
Botshabelo Mall is soon
to become a reality.
This was announced
by Executive Mayor, Cllr. Thabo
Manyoni to loud cheers on
Friday, 20 February when he
took part in the ceremonial sodturning event.
Cllr Manyoni was joined by the
CEO of Khora Investments, Neo
Masithela and Chief Investment
Officer STANLIB Direct Property
Investments Amelia Beattie.
The two companies are working
together to bring the mall to
The construction of the mall is
expected to take 18 months at
a cost of R300 million. It will be
located in H-Section, where the an estimated 900 jobs will be
created during the construction
building is set to start soon.
phase, and a further 1100 once
The historic ceremony was the mall is completed.
also attended by excited
“As STANLIB, this is our first
members of the Mayoral property development in the
Committee, ward councillors, Free State and we see huge
municipal officials, business growth potential. We have
people and other stakeholders. formed a solid partnership with
Khora Investments,” she said.
Addressing the multitudes of
The mayor also thanked
residents gathered at the event,
Cllr. Manyoni said: “The tale of former MEC for Economic
having to drive 50kms to buy Development and Tourism in
deodorant will soon be over. the Free State, Mr Masithela
The building of the mall is going of Khora Investments for the
to bring hope to the community vision that worked to bring the
of Botshabelo. It is not easy, but Botshabelo Mall to reality.
we will arrive at our destination.”
Relating how the mall came
According to Ms Beattie, about, Mr Masithela said it all
began 10 years ago when he
acquired land in H Section.
In the past number of years
much planning work was done
by Khora Investments and its
development partners.
Mr Masithela said: “The
mall might be one of the best
economic centres in Botshabelo.
The future generation is going
to say, this is where it all began.
This process will resonate
with generations to come, as
we try to promote economic
development in Mangaung, and
Free State at large.”
The 21000 square metres
shopping mall is expected to be
operational in the third quarter
of 2016.
Left to right: The historical ground breaking ceremony was attended by amongst others, former Mangaung mayor Papi Mokoena, city manager Sibongile Mazibuko and MMCs Cllr. Maditaba Matsoetlane
and Cllr. Papiki Moeng
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