Subscribe & Follow
Advertise your job vacancies
Trending
Jobs
- Customer Service - UK Company Work From Home
- Freelance Relocation Consultant Cape Town
ANC-aligned Johannesburg property company rams through a multibillion-rand property deal
In a near-bankrupt and hobbled city where homeless people sleep in bus shelters and on the streets, the City of Johannesburg has passed a plan to spend R1.4bn on high-cost property leases and an additional R2bn (rising to R12bn) to renovate the Metro Centre.
Source: Wikipedia.
Whistle-blowers at the Johannesburg Property Company (JPC) have told DA chief whip Leah Knott that the majority of the leases are going to ANC property mogul Lonwabo Sambudla, a favoured contractor.
A spokesperson for his company, Bayete Capital, said they had not heard anything from the JPC and that they had tendered along with other companies. Sambudla is a longstanding ANC member and former chief executive officer of the ANC Youth League’s Lembede Investments.
Read the full article by Ferial Haffajee at Daily Maverick.
Source: Daily Maverick
Daily Maverick is a unique blend of news, information, analysis and opinion delivered from our newsrooms in Cape Town and Johannesburg, South Africa. There are many ways to describe exactly what we do (and for the price of a cup of coffee we’re capable of talking your ears off about it), but the best way to understand the end result is to experience it. Every part of Daily Maverick is free-to-air and no payment is required, although free registration is required for a small subset of functions and pages.
Daily Maverick is run by an independently owned, private company with no affiliation to any other media group (or political party or religious organisation.) Follow Daily Maverick on Twitter at @dailymaverick.
Go to: https://www.dailymaverick.co.za/