Riversands Incubation Hub is a ground-breaking initiative with the scale to have a real economic impact by supporting small businesses, fostering job creation and alleviating poverty. Riversands is a large-scale business incubator established in 2015 through a successful private-public partnership between Century Property Developments and National Treasury’s The Jobs Fund.
Inequality is one of the most pressing global issues and South Africa is the poster child for this crisis. Riversands Incubation Hub, located in Johannesburg, is adjacent to four-car garage style luxury estates and the township of Diepsloot where most residents live in shacks. The comparison is stark.
Quality infrastructure is important for economic growth and also to ensure inclusive development. This is the central idea behind the creation of Riversands. Catalysed by a partnership between Century Property Developments and National Treasury’s The Jobs Fund, it opened in 2015. Today the 40 000 square metre campus is home to 160 businesses.