S.Africa’s Capitec declares FY dividend, reports 27% profit drop
Johannesburg, Gauteng, South Africa in the news: S.Africa’s Capitec declares FY dividend, reports 27% profit drop: JOHANNESBURG, April …

Johannesburg, Gauteng, South Africa in the news: S.Africa’s Capitec declares FY dividend, reports 27% profit drop: JOHANNESBURG, April …

Johannesburg in the news: S.Africa’s Absa warns full-year profit likely to drop by over 40%: JOHANNESBURG, Nov 19 (Reuters) …

Johannesburg in the news: All Blacks vs Australia: Aversion to kicking a drop goal to win Bledisloe test was baffling: OPINION: A drop …

Johannesburg in the news: Car sales drop in September: Sales of new cars and commercial vehicles in September came in at their lowest …

Johannesburg in the news: Fears adoption will drop further with proposed amendment bill: Johannesburg – Child adoption in South …

Johannesburg in the news: Shocking video captures Arnold Schwarzenegger being drop kicked as in took selfie in South Africa: The Sun …

As the “white flight” of the 1980s and 90s drained the inner city of capital, Ponte City underwent a dramatic and terrifying transformation. By the late 1990s, the building had become a “vertical slum” and a symbol of urban decay. It was famously “hijacked” by gangs; the retail levels were stripped, and the building became a fortress for drug dealing and human trafficking. The most haunting image from this era was the central core. Originally designed to be a light-filled courtyard, it became a literal trash heap. Residents on the upper floors would throw their refuse into the center of the building rather than taking it down. At its worst point, the trash in the core reached five stories high—a mountain of rotting debris, discarded furniture, and even, legend has it, the remains of those who had fallen or jumped.
During this period, the reputation of Ponte was so toxic that there was a serious proposal in 1998 to turn the entire skyscraper into a vertical prison. The plan was eventually scrapped, but the building remained a “no-go zone” for nearly a decade. The turnaround began in the mid-2000s when developers New Metro Property Group and later Dlala Nje began a massive, painstaking refurbishment. They cleared out the tons of trash from the core, restored the lifts (which had often been out of order, forcing residents to climb 50 flights of stairs), and implemented strict security protocols.
