Joburg Property Company: Profiting off city properties

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Given the trail of corruption allegations thus far against JPC, there is understandable concern about the scope for further malfeasance.

Recent publicity about the Joburg Property Company board is overdue but scarcely scratches the surface.

At the time, News24 reported: “For the past two years, missing documents, uncooperative employees, threats and intimidation have culminated in investigators being unable to finalise their probe.” First is the planned R2-billion refurbishment of the metro building in Braamfontein. At least 20 000 staff will be “decanted” into adjacent properties.

Another worry is the way JPC is handing over control of city-owned properties to connected business folk without going through proper processes.

 

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