The Cosmo City Development is the first public private partnership worth R3.5billion between the City of Johannesburg, Basil Read, Codevco as well as the community in South Africa.
Cosmo City emerged out of an urgent need to provide accommodation for the informal settlers of Zeverfontein and Riverbend who had been illegally occupying privately owned land 25 kilometres North West of the Johannesburg Central Business District.
Cosmo City continues to grow as a place of choice and as a community. That number has increased substantially over the years with backrooms being built, mostly in the RDP houses, now with the semi-financed houses and bonded ones.
The recent developments and job opportunities in Cosmo City have created an influx into the area, which cannot be avoided.