Johannesburg Property Company rams through multibillion-rand property deal
Treasury has asked questions about the City of Johannesburg’s plan to spend billions of rands on leasing properties while it refurbishes its offices.
Stay updated with breaking news from Enos Sithole. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Treasury has asked questions about the City of Johannesburg’s plan to spend billions of rands on leasing properties while it refurbishes its offices.
Most of the JPC board members were appointed in March and are also members of MMC Mnisi's ANC branch in Soweto.
A tollgate cashier, a receptionist and a person with a grade 11 have been appointed to the board of the Johannesburg Property Company (JPC), an entity that oversees the city’s 30,700-odd properties, worth about R8.7bn.
Allegations that MMC Nomoya Mnisi attempted to solicit just under R1m from the city’s coffers were brought to the speaker’s attention by ActionSA
‘It’s outright corruption by politicians,’ says trade union Samwu, while the MMC denies instructing JPC to pay invoice for ANCYL party.