State properties go under the hammer

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There is going to be a housing sale bonanza in Eastern Cape if the province goes ahead with its plan to sell off properties worth more than R67-million.

The “more than 200” properties are to be sold in a bid to raise funds to maintain other state properties “that form part of the provincial economic development plans”.

This is contained in a report from the economic development, tourism and environmental affairs portfolio committee, which was presented recently in a meeting in the Bhisho legislature.

The properties are mostly concentrated in Butterworth, Mthatha and Komani (formerly Queenstown).

The sale is set to be announced soon, with the expectation that it will continue until March 2019.

Portfolio committee chairman Tony Duba said Eastern Cape, through the development corporation, had inherited residential properties from the then Ciskei and Transkei homelands, and that their maintenance had, over the years, been a “headache”.

In December Gauteng sold 18 properties including the official residence of the premier in Bryanston, Johannesburg, that fetched a cool R17.75-million at an auction.

ASANDA NINI – Tiso Black Star Group

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