DPWI Minister Dean Macpherson has prolonged the deadline of the sale of South African state-owned property. Last week the minister confirmed ‘immense interest’ from the non-public sector to buy state-owned property, stories The Citizen. As a end result, the request for proposals has been prolonged by one month, to Wednesday 30 April 2025.
As we all know from the controversial proposed price range, government is desperately in need of cash. And state-owned property that’s been left to rot is a first-rate revenue generator. According to the division, the primary section of 31 properties are valued at round R10 billion. Not solely does the ministry consider they are going to entice large funding, however the initiative will get rid of expensive upkeep and create a projected 165 000 jobs.
SALE OF STATE-OWNED PROPERTY
“The department has been overwhelmed by the interest shown in these properties. Many are strategically located near key economic nodes but have long been neglected,” stated Macpherson. Depending on the conclusion of proposals, public properties might be offered fully. Another possibility is a lease for an prolonged time frame. Some could even be became public-private partnerships with government.
At the top of April 2025, an impartial panel will consider all proposals. And this decide essentially the most appropriate use instances for every property. “Our programme to release public properties is part of our commitment to drive investment, economic growth and job creation. We look forward to releasing additional properties for proposals as part of the next phase of this initiative,” concluded Macpherson.
R60 BILLION NEEDED
Finance Minister Enoch Godongwana just lately introduced a 1% VAT improve over the following two years to assist generate R60 billion. However, the DA seems set to dam the price range proposal. Instead, it favours the sale of state-owned property as an revenue generator. For far too lengthy, the DPWI seems to have uncared for its dedication to huge public property that ought to serve the general public good.
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