Bungled tender could cost CCMA R80m
Real estate entrepreneur Oscar Phoku’s Milestone Property Group may sue the CCMA for R80m after the court upheld a disputed lease agreement
The Commission for Conciliation, Mediation & Arbitration (CCMA) could lose R80m in a court battle after it bungled a tender with up-and-coming black real estate fund Milestone Property Group.
The dispute resolution body put its search for office space in Cape Town out to tender in 2013. Six years later, it is sitting with very expensive egg on its face.