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Public consultation has commenced for the V&A Waterfront expansion project, set to reclaim around 3.81 hectares of land near Granger Bay. The R20 billion initiative aims to create mixed-use developments and public amenities, co-owned by Growthpoint and the Government Employees Pension Fund.

Initial marine works, including a 540-meter seawall and two breakwaters, are already underway and expected to take three years. The V&A Waterfront attracted 25 million visitors and generated R11 billion in retail sales in 2025, supporting over 83,000 jobs. Future developments include a luxury wing in 2026 and a new desalination plant producing 3.3 kilolitres of water daily.