Lack of funds to register KZN assets

2013-07-23 00:00

THE KZN government’s task of compiling its asset register is being hampered by a lack of funds, property management general manager Sindi Linda said yesterday.

All provinces are required to compile asset registers listing all their properties, including land parcels.

Linda said her department planned to do valuations of 750 properties in 2013/14 as part of its immovable assets register.

“We have targeted these [properties] because they have financial implications. We need to commission independent valuers to do our valuations so that we can put systems in place,” she said.

Linda said all available and known properties had been recorded in the immovable assets register.

However, 839 properties remained to be surveyed and registered.

A total of 637 properties in the former R293 townships in Ulundi were registered in the name of the KZN government, while a further 211 in the eThekwini region were at the conveyancing stage, Linda added.

In addition, 3 030 properties still needed to be submitted to the Rural Development and Land Reform Department for the transfer of ownership and a further 2 731 needed to be surveyed.

“The department is to reprioritise its business plans to secure funds for the surveying of the state domestic facilities built on unsurveyed Ingonyama Trust land used prior to April 1994, as these require surveying before vesting,” Linda said in the report.

“We need to do the surveying and take ownership. Without that we can’t finalise ownership. According to our department, we plan to finalise by March 31, 2014.”

Linda said insufficient funds to survey, subdivide and register Ingonyama land was a concern.

“This impacts on the vesting plan,” she said.

Chief finance officer Jeremy Redfearn said the department was waiting for feedback from the provincial Treasury on a request to help address shortages in the department’s budget.

“We requested money from the provincial Treasury for those items that have not been funded,” he said.

Linda said the management of properties was beset by other problems, including vacant sites being invaded.

The department also has no funds to manage the vacant sites.

“We don’t have the budget to do maintenance on and provide security for vacant sites. We try to reprioritise where necessary,” Redfearn said.

There are also problems with sites zoned for education facilities that were smaller than the minimum requirement for school sites, and departments failing to indicate the intended usage of redundant vacant sites.

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