EXPROPRIATION
Public Works earmarks property worth R7.5bn for letting and sale
The Department of Public Works is in the process of categorising R7.5bn worth of unused properties for letting and permanent disposal. The state has a property portfolio of more than 93,000 buildings under the custodianship of public works. Critics of the drive to amend section 25 of the Constitution to allow for expropriation without compensation often argue that the state should focus on redistributing land under its ownership, some of which is unaccounted for or underused. "Properties that are surplus to the needs of government shall be used to generate revenue and such will be advertised on an open tender basis," said Public Works Minister Thulas Nxesi in a written reply to a question from the DA. Nxesi said land and properties continued to be identified for land reform and social housing, including student accommodation. "We have supplied higher education… with a list of buildings and established a joint task team to expedite the matter. [A total] 3,500ha are to be released to ...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.