Sale of premier’s residence to help educate deserving students, says Makhura
Gauteng premier David Makhura has allocated proceeds from the sale of the premier’s official residence towards funding higher education for 40 academically deserving students in the province over the next three years. Makhura has never lived there in the residence in Sandton’s Bryanston. It was bought in 2004 for R11.5m and renovations were made for R4m. At an auction last year, it fetched between R16m and R17.75m. The final price paid was not made public. Makhura said that in ensuring higher education for all deserving pupils, and as part of developing the skilled human resources required by the modern economy‚ the province had invested more than R800m in bursaries for higher education. The target was R1bn by 2019. TMG Digital
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