Eskom has announced the sale of two buildings to the Human Settlements Department which it said would help alleviate some university student accommodation pressures and assist in social housing.
It said that the sale of the two high-rise office buildings in Johannesburg and Kimberley had raised just over R76 million.
The embattled power utility said that it planned to raise R2 billion from the sale of non-core property.
Eskom’s Sikonathi Mantshantsha: “These properties were previously utilized as regional offices in Johannesburg and Kimberley and staff have been moved to other locations as part of Eskom’s drive to optimize space and derive maximum value from its extensive property portfolio.”
Earlier this year, Eskom admitted that an incomplete housing project in Mpumalanga that ballooned to nearly over R1 billion over a decade was a great waste of taxpayers’ money.
The De Wilge residential development project started with a budget of R160 million back in 2008 – it’s over 300 flats were meant to accommodate workers who were building the Kusile power station.
In 2019, the project’s costs ballooned to a whopping R840 million and was stopped while the workers were housed at expensive B&Bs.
-EWN
In other news – Nelli Tembe was found n@ked and breathing – More witnesses reveal shocking information
AKA’s wife’s death has been a tragedy with many left with heavy hearts and so many unanswered questions as she looked very happy a few hours before her death.
However, people who were around the scene of the incident have come forward to explain what they had witnessed on that faithful morning. Learn More