Project worth R4.5bn at risk after interdict on Amazon HQ development

Decision to interdict the project may also lead to the loss of 5,000 construction jobs

The high court in Cape Town’s finding that economic and infrastructure benefits do not trump the rights of indigenous people may see Cape Town losing a R4.5bn investment in what was meant to be tech giant Amazon’s Africa headquarters.

The weekend decision to interdict the project may also lead to the loss of 5,000 construction jobs and put a stop to road upgrades and the creation of a public park, while leaving the developer liable for more than R100m in penalties, including a breach of contract with the world’s biggest online retailer...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BDliveSA /  🏆 12. in ZA

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

GroundUp: Court stops R4.5-billion River Club development, including new Amazon headquartersJudge Patricia Goliath says that there has not been meaningful engagement by the developers.
Read more »

Court halts R4.5 billion Amazon development on sacred Khoi and San landCourt halts R4.5 billion Amazon development on sacred Khoi and San land A Western Cape judge has halted the building of Amazon’s headquarters on land sacred to the Khoi and San people of South Africa.
Read more »

Amazon on hold! R4.5 billion Cape Town development stopped by courtsAmazon on hold! R4.5 billion Cape Town development stopped by courts The Western Cape High Court has once again brought Amazon's River Club development to a HALT. Here's why...
Read more »

Amazon Africa HQ development halted after successful interdictA high court judge found profit did not outweigh the rights of indigenous peoples.
Read more »

GroundUp: Court stops R4.5-billion River Club development, including new Amazon headquartersJudge Patricia Goliath says that there has not been meaningful engagement by the developers.
Read more »

Court halts R4.5 billion Amazon development on sacred Khoi and San landCourt halts R4.5 billion Amazon development on sacred Khoi and San land A Western Cape judge has halted the building of Amazon’s headquarters on land sacred to the Khoi and San people of South Africa.
Read more »