Real estate companies, weathering a depressed market in SA’s richest metro, Johannesburg, are disputing the general valuation roll for 2023, which shows the property base rose 12% to R1.59-trillion in the past five years.

They say such a rise is impossible in the prevailing economic and market conditions. It comes amid suggestions that the city is artificially inflating the value of properties to make up for revenue shortfalls...

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