Attacq CEO briefed the media on Tuesday about a partnership with Sanlam Property on retail development.
JSE-listed capital growth company, Attacq, which owns 80 per cent of South Africa’s Mall of Africa, has vowed to take a closer look at the alleged taxi violence surrounding the mall.
Speaking to CNBC Africa on Tuesday following the killing of two taxi drivers on Sunday, which brought the death toll to five, the CEO of Attacq says the violence and unnecessary deaths are a tragedy.
“The government has intervened and we have tightened security around the mall. The media often tends to focus its attention on the negative but we are taking a closer look at what is happening,” says Morne Wilken.
Two taxi groups have been up in arms over who runs the route to the mall, with allegations of corruption by officials who apparently also own taxis in the area.
Attacq was briefing the media on an announcement made on Monday which sees the company partnering with Sanlam Property on retail development.
The new joint venture has acquired 28 hectares of Waterfall land from Attacq, and an additional adjacent 100 hectares from the Mia business family, securing a total of 128 hectares of usable land on the eastern side of the N1 freeway and south of the Allandale interchange.
Sanlam Property holds 80 per cent and Attacq will holds 20 per cent in the joint venture, with Attacq having the right to increase its shareholding to 50 per cent.
“Sanlam has been a key investor in Attacq for many years. We value the relationship and welcome its investment now as a key development partner,” says Wilken.
By: Aviwe Mtila.
Photo: Quartz.
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