One of the country’s foremost black owned healthcare groups Busamed today announced the opening of the world class Modderfontein Private Hospital & Oncology Centre on the footprint of Zendai Development’s Modderfontein New City. The state-of-the-art tertiary hospital will offer comprehensive healthcare services to communities in and around Modderfontein.

Zendai Development SA says its plan to develop a city in the suburb of Modderfontein is on track and that the group is consulting with environmental, community and City of Johannesburg authorities.

Zendai Development South Africa (ZDSA), the local subsidiary of Hong Kong listed Shanghai Zendai, held a series of public information sessions during July 2015 on the master plan for the proposed development of Modderfontein New City. 

Aggressive business strategy of Shanghai Zendai Property 'has resulted in high execution challenges', says Moody's.