CT council to hear land deal details

2012-10-30 12:38
Cape Town (File)

Cape Town (File) (Shutterstock)

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Cape Town - The Cape Town city council will hear details of a much-publicised land deal with media group Naspers, it was reported on Tuesday.

The Cape Argus reported that the council would meet on Wednesday to hear a proposal on land for the planned expansion of Cape Town International Convention Centre (CTICC).

Part of the plan included the city buying land next to the CTICC from Naspers.

The ANC raised concerns about the deal in March.

It said the market value of the land was R50m, but that the city was paying more than R100m.

The ANC said at the time the deal highlighted the "questionable relationship" between the Democratic Alliance and Naspers shareholders.

According to the report, the city denied any wrongdoing.

Public Protector Thuli Madonsela was apparently investigating the sale.

  • News24 is part of 24.com, which is a Naspers subsidiary.
- SAPA
Read more on:    da  |  anc  |  naspers  |  thuli madonsela  |  cape town
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