Dr Taddy Blecher’s Bold Plan to Transform Johannesburg’s CBD into Education Town

Loading player...
The Maharishi Invincibility Institute, a non-profit and self-development organisation, recently made headlines when Anglo American announced that it would donate its 45 Main Street building in downtown Johannesburg to the institute. The building is estimated to be worth R100 million. The donation will support youth development and Johannesburg's urban renewal efforts. In an interview with Biznews, Dr. Taddy Blecher, CEO of the institute, shared his ambitious plans to turn the CBD into an Education Town. It would be a Herculean task. Derelict buildings vacated by big businesses are scattered throughout the city and have become symbols of Johannesburg's decline—a city that was once the vibrant heart of South Africa's economy. A recent fire in a hijacked building claimed the lives of 70 people. Dr. Blecher said he is not prepared to say it is too hard. He sees Washington's urban renewal, where a successful education institution changed a whole precinct, as an example that he would like to follow. The former actuarial scientist also draws inspiration from the remarkable success stories of his students from underprivileged backgrounds, and he boldly challenged Biznews to return in five years to witness the remarkable progress first-hand.
20 Sep 2023 12PM English South Africa Investing · Business News

Other recent episodes

NdB Sunday Show | Mzo Mpolase: How low can SA go?

In today's NdB Sunday Show with Chris Steyn, Political Analyst Mzo Mpolase slams President Cyril Ramaphosa's latest utterance on the looming loss of AGOA. "You're running a country here, you're not running some ANC ideological office. This is the fate of the economy, the fate of many jobs, which you…
25 Oct 9AM 27 min

BN Edge | Mini-budget unpacked, with Finance Minister Enoch Godongwana

Two days after telling Parliament that South Africa had emerged from the fiscal wilderness, Finance Minister Enoch Godongwana gave up part of his weekend to explain what that did and didn't mean. He conceded the tax burden had reached levels no finance minister should be comfortable with, and that growth…
25 Oct 9AM 20 min

BN Edge | Lesaka is facing hard questions. Ali Mazanderani is answering them

Lesaka grew out of Net1, whose subsidiary's social grants contract ended up before the Constitutional Court. Now it wants to take deposits from the same grant recipients it lends to. In a follow-up to their strategy conversation, Alec Hogg put the harder questions to executive chairman Ali Mazanderani: who carries…
23 Oct 8AM 37 min

BN Edge | Donald MacKay unpacks the bureaucratic black hole in SA trade

A tariff investigation in South Africa is meant to take six months. Donald MacKay, whose XA Global Trade Advisors released its latest import duty report this week, told Alec Hogg the average had stretched to 40 months, and that the oldest open case was old enough to start school. He…
23 Oct 7AM 24 min