SABC urged to consider using its well-located property for a

SABC urged to consider using its well-located property for affordable housing


SABC urged to consider using its well-located property for affordable housing
By Okuhle Hlati
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Cape Town - Housing lobby groups are calling for the SABC to consider its well-located Rocklands Villas residential property in Sea Point that is up for public auction, for affordable housing.
The public broadcaster issued notices of termination of lease agreements for its non-core properties in December, and that it would sell these at a public auction, however, a date was not given.
This as the company battles to unlock new revenue streams to stay afloat.
SABC acting spokesperson Mmoni Seapolelo said having followed the processes required in terms of the Public Finance Management Act (PFMA), the disposal of non-core assets in Cape Town was part of the organisation’s Turnaround Strategy and Target Operating Model.

Related Keywords

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