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Property company Landworth bought land parcels for R86.25 million but pre-sold them to the Gauteng Department of Human Settlements for R244.95 million.
Was it just property mogul Ralebala ‘Rali’ Mampeule’s nose for a deal that saw him buy a property for R86.25-million and offload it to the Gauteng Department of Human Settlements for R244.95-million? He says the department actually got a discount, but things don’t quite add up.