ANC, DA lock horns over CT property

2012-03-11 22:45

Cape Town - The ANC on Sunday said was concerned about reports that the DA-run Cape Town municipality planned to purchase land at double its reported value.

Independent property analysts had valued the land at no more than R50m.

But the municipality would pay R106m to media company Naspers, the current owner, the office of ANC chief whip Mathole Motshekga said in a statement.

The land, currently used as a parking lot, would be used to expand the Cape Town International Convention Centre (CTICC), which the municipality had shares in.

"It is unacceptable and unfair to expect the public to pay more than double the value of the property," the ANC said, calling the deal "sinister" and "suspicious".

Motshekga's office would write to the public protector asking her to investigate the deal, it said.

'Political opportunism'

Cape Town deputy executive mayor Ian Neilson called the ANC's reaction "the worst kind of political opportunism".

He said the convention centre's expansion would help make Cape Town a leading global conference and events destination.

"This in turn, will help drive economic growth and development and create much needed jobs for citizens of the city."

He said the amount offered by the city had been determined after extensive analysis by the city's own valuers, as well as by an independent valuer, and was in line with market prices.

"There is no doubt that the transaction can stand up to the highest level of scrutiny."

The municipality would co-operate with any investigations the public protector might institute, as it had nothing to hide, he said.

ANC debt

"The ANC would be better served by settling the R1.8m they still owe the CTICC," he said.

The party had failed to pay this amount even after a court order had been issued, and amounted to effective theft of public money by the ANC, he said.

"It is only the failure of ANC ministers of public works, one after the other, year after year, to engage over the availability of Customs House for the expansion of the CTICC, that led to the need to pursue an alternative site for the expansion," Neilson said.

*News24 is a Naspers publication

  • Mzwandile - 2012-03-11 21:57

    It look like stealing of public purse is a contagious deases. It has now infected the DA.

      celeste.rsa - 2012-03-11 22:12

      What did they steal??? Try reading the article again, chop!

      danalexsmith - 2012-03-11 22:40

      How many BMW's has Mathole Motshekga bought with public money? or does the ANC not have any mirrors to look into? Honestly, how in the name of Nelson do they sleep at night.

      Francois - 2012-03-11 22:41

      It will be reported to the Public Protector, let us wait and see what comes out of that. That is anyhow how the DA does it. Then the litmus test will be to see whether the DA will act against perpetrators, if there were any and then the bigger test will be for the ANC to see whether they can act with the same vigour against the "stealing" of the public purse. My guess will be: "NOT". It has taken the ANC more than 10 years to act against the stealing of the public purse in what is known as the Arms deal and they did not even act against Travelgate offenders, but let us see.

      danalexsmith - 2012-03-11 22:52

      one other thing Mathole Motshekga, remind us how much it's costing myself and other tax payers to run the empty Cape Town stadium? couldn't you rather spend time finding a way to make that pay for itself? oh no wait, that would mean someone would actually have to do their job instead of being rushed around in blue lit X5 to get to their next social event. sorry my bad, as you were. Muppet.

      Jarryd - 2012-03-11 23:07

      Lots of mud slinging, very little substance to the comments, it's really very disapointing. If the ANC takes it up with the P.P. then you can commont AFTER the results/report come out. Also remember valuation is extremely subjective and volatile. And considering its location (heart of the mother city beneath the iconic mountain) valuation is hardly cut and dry compared to a suburb house. I'm not saying I'm on the DA's side, but I can appreciate the complexities of the transaction. The only valuable insight I took from this article was at the end. Where the ANC are happy to point fingers at the CTICC's expansion plans, a place where they are long term over due debtors. (which is the very act that hampers growth and actively hurts business).

      Peter - 2012-03-12 06:54

      The DA only deserves defence if the investigation proves they were above board. Why just blindly defend them?

      Activity Bookings - 2012-03-12 07:15

      "The ANC would be better served by settling the R1.8m they still owe the CTICC," he said. ================================================ With the anc you ask for prepayment, when will the people start to learn?

      Qu33f - 2012-03-12 09:15

      @Mzwandile LMAO!!! OMW!! You are the typical black stereotype.

      Hugh - 2012-03-12 09:16

      ANC clutching at straws, seems if they cant find rocks to throw, they bring their own from Limpopo, and hope no one will notice.

      Tshifhiwa - 2012-03-12 10:08

      And white people will defend this. I mean if it is okay for DA to pay more than double they should. Then it should be okay for ANC to implement the tolling system.

      Wesley - 2012-03-12 10:24

      No mention of another professional firm valuing the land for R104million? Typical!

      Martin - 2012-03-12 11:38

      @Steen. Firstly, I would be careful to make a statement regarding the value of the land at this point. Secondly, if the public protector finds that the land is not worth the stated amount, and the DA corrects itself, then the democratic process is working. No harm was done, thanks to continued vigilance by the ANC. Finally, imposing an additional tax due to misappropriation and poor budgeting of roads is not the same as expanding a public asset with the money inside of your budget. It would be the same if the City of Cape Town increased parking tariffs by 50% in order to pay for this purchase, but they are not. We all hope that the valuation that was accurate, but if our officials are corrupt, they should be fed to the dogs. We all stand by that I'm sure.

      Mehluli - 2012-03-21 17:45

      The public protector or the DA public protector will never investigate the DA as she is conversing to be the next tea girl of the madam.

      Joe Black - 2014-08-10 18:37

      Lets hope not... And I doubt it is the case anyway. At least the fact that they are opening their books to the public protector is a good sign that the ANC is barking up the wrong tree (tree: something the ANC is willing to pay tens of thousands of rands worth. A bit like bread: Something he ANC is willing to pay R2500 for.) And at least they keep books - So if there is any irregularity then it is easy to spot. Unlike ANC run cities and regions where the Auditor General just has to put a "I-don-know-they-dont-know mark" every single freaking year.

  • lydonmcg - 2012-03-11 22:07

    And what the ANC also fail to mention is how much multiple other sites in the surrounding area have sold for...each of them for far higher than the so-called independently estimated market value. The CTICC is a massive success, and I, for one, have absolutely no problem with my tax going towards its expansion. I look forward to seeing what the public protector could possibly find wrong with the deal when all the facts are laid out.

      amanda.victor2 - 2012-03-12 08:00

      In the meantime, housing for the government is nearly at R6bn per year! And nothing is said about that rort!

      Hugh - 2012-03-12 09:19

      or the 16000 security guards tending their homes and person. With only 1000 SANDF troops guarding our borders.

  • Sigmund - 2012-03-11 22:10

    The DA has to steal half of the country to be on par with the ANC.

      Martin - 2012-03-12 11:55

      This shouldn't be a tit for tat thing.

  • Mahomed Ismail - 2012-03-11 22:15

    hmmm maybe Juju has joined the showing them get rich quickly methods...eish

      Art - 2012-03-11 23:33

      Would be a TRAGEDY if Malema came ANYWHERE NEAR the DA! Leave him with his Tender buddies, corrupt kings and Spineless ANC! Lets say we did, AND WE DON'T!

  • Alfred - 2012-03-11 22:15

    Go for it, ANC. You'll probably be made to look like fools once again. That said, if the DA are doing something dodgy then someone needs to go to jail. I highly doubt you'll find forums like this flooded with blindly loyal DA minions blaming the media, apartheid and a "3rd force" while screeching "Hends off owah leedahs! Hends off!" I guarantee that if the public protector finds that there has been nothing irregular going on the ANC and all its simpletons will either simply ignore the findings and say that the DA "ARE" corrupt or blame someone, anyone for the news they'd rather not hear. If guilty the DA are going to have to lay criminal charges against those responsible but they'd still have to repeat the same dicey deal a million times over to even come close to the olympic sport that Loot Freely House has turned theft into.

  • Mzwandile - 2012-03-11 22:26

    Watch the space, I can bet Ryan Coetzee is involve again on this. I want to know the consultants and the agency that is involve and how much commission they were going to be paid? You can't buy a property twice its price any agency that negotiate such a deal is looking after its pocket. The higher the price the more commission and half of it was destine to the DA

      jethro.geyser - 2012-03-12 07:58

      The articles says they are buying at twice the price of a valuation - which is not consistent to the other two valuations. It doesn not make it all of a sudden twice the price but rather there is a difference in the valutions that have to be compared.

      Hugh - 2012-03-12 09:24

      Municipal valuations tend to be conservative and seldom market related.

  • celeste.rsa - 2012-03-11 22:28

    Talk about removing the log from your own eye!!! Pity the ANC wasn't as quick to investigate the sale of prime land in the Big Bay area for next to nothing when the City of Cape Town was controlled by them........or could that be because comrades like old Tokyo's companies were the buyers?

  • rlmbennett - 2012-03-11 22:28

    You ANC guys are really trying too hard to pin corruption charges on the DA. Better luck next time!

  • Sinudeity - 2012-03-11 22:29

    "It is unacceptable and unfair to expect the public to pay more than double the value of the property" Thats rich, coming from the ANC, who paid triple the price of property that ANC cadres bought it at.

  • Sinudeity - 2012-03-11 22:30

    But anyways, Im happy about this case, it will keep the DA on their toes.

  • Tanie - 2012-03-11 22:33

    A thief calling a thief,jou bloody thief

      Francois - 2012-03-11 22:42

      Naand tannie MArikie!

  • rowen.loretz - 2012-03-11 22:35

    the newspapers only find it newsworthy when the DA do something wrong...then all hell breaks loose, caused they stopped reporting on the ANC tenders / fraud and corruption cause everyone is so use to it and it ain't "news" ....

  • Craig - 2012-03-11 22:42

    Sounds like a good investment to me. The CTICC is a solid investment for the city and the opportunity to develop it further is stratgeically the right thing to do. I wish they would buy the building on the opposite side of the highway and incorporate that into the grand plan of things. As for the ANC not paying the bills. well, what do you expect. It gotta pay malema and co first. Thank goodness the capetonians that read this article will see the humour in it and bulk up the votes for the next election. Keep cape town corruption clean.

      Mzwandile - 2012-03-11 23:05

      @Craig - I like to hear that after all CTICC is a good investment. When the Western Cape government under the leadership of Rasool was investing in building the CTICC,what did the hypocrites said its a waste of money.Know they want to expand it, yes you can we are not political hypocrites but don't rob the public purse. ANC will always lead whether you like it or not.

      NrGx - 2012-03-12 08:39

      @mzwandile - your comments are nonsensical, second, the anc wouldnt know a good investment if it smacked them in the face. 3rdly even if the anc sought a good investment, it would lose its value through corruption.

      Hugh - 2012-03-12 09:29

      Mzwandile, so your concept of politics is based on race? You condone the governments corruption and theft because they are a black party? Is that maybe because your a racist cockroach and in their position you would steal as well? Great upstanding citizen.

  • Mzwandile - 2012-03-11 22:46

    They are not only thieves, they are in bed with international thieves - remember the German fugitive Jurgen Harksen

      Mzwandile - 2012-03-11 23:31

      @William - exactly my point. Why the DA (which actually is the nationalist in a new name) can throw stones when they leave in a glass house. Given another chance to rule this country they will squander this public purse and bring this country to the gutters as they did when we ANC tookover. Remember what was the level of foreign debt, the budget deficit and worse the money owed to the civil servant pension. SA rating internationally was so poor no country even the Old Maraget Thatcher wanted to do anything with your groot crocodile (biggest thief and his cronies). The ANC had to come and clean your mess. No more chance to rule you misrule, people won't forget that.

      vergeet.weer - 2012-03-11 23:58

      Leed The Loot you say.

      pws69 - 2012-03-12 00:01

      When it was found that HArksen was a crook, the Da repaid every single cent. When it was found that KEbble was a crook, the DA repaid every single cent. The ANCYL accepted R15 million from Kebble. Nothing was repaid. The ANC accepted money from Kebble, nothing was repaid. You see, the DA PROVE their honesty and integrity through ACTION. The ANC and all of its associates are just liars and thieves. They even kill each other over tenders. They literally stab each other in the back over positions. Don't you feel like a complete fool right about now?

      pws69 - 2012-03-12 00:06

      @Mzwandile, your ANC OBE education has obviously succceeded (for the ANC anyway). The DA has NEVER EVER EVER been the ruling party in South Africa. The DA HAS however fought for the black right to vote since inception. Maybe you should go and see Martinus van Schalkwyk (Current ANC minister, ex NP minister) about the political history of the country.

      Polotic - 2012-03-12 00:22

      @Mzwandle - You've got it wrong. The National Party joined the ANC when the majority of the party crossed the floor. It was only a few principled members who joined the DA. So all your rantings should be directed at the corrupt ANC.

      Mzwandile - 2012-03-12 00:38

      @pws69 - Ooh dream on, DA fought for blacks??? Everyone know DA is Old Nats. It could have adpoted some principles of PFP but for Gods sake the followers are the opposite of those principles. Helen Suzman can wake up from her grave if she can she such populism in the DA, selling the liberal ideas for conservative voters that stand against everthing that the PFP stood for. To prove my point you don't have to look far - see comments in this forum, 95% of them are foreign to the ideas of Helen Suzman, Van Zyl Slabbert, Zach de Beer to mention but the few. I can articulate the supposely principles, ideas and policies of the DA more than 90% of people who call themselves DA members. 23% of the 24% votes in the last national election are homeless voters who for expediency just voted for the DA because the figure heads are whites otherwise if there was a viable option they definately would voted for it.

      Sean - 2012-03-12 00:55

      @Mzwandile - Malema is waiting for you on his farm !! Must be hard to live in denial !!

      Blane - 2012-03-12 06:14

      You have been smoking your socks again swaar

      pws69 - 2012-03-12 06:44

      Who is "everybody". You and your three ANCYL buddies. I'll take you seriously when you can explain how Malema can build a R16 million house bond free on a DECLARED, BY HIM, R20,000 a month salary.

      Vaughan - 2012-03-12 08:57

      Mzwandile what are you smoking, the old National Party was merged into the ANC or were you sleeping under the rock where you came from when that happened. The founders of the DA did far more to end the old National regime that the ANC ever did by throwing stones at the police force.

  • pws69 - 2012-03-11 22:53

    The ANC have cried wolf so many times with the DA, and been found to be wrong every single time, that it is a no brainer. If the DA says it is legit, you can bet the last R100 in your wallet that it is legit. End of story.

      pws69 - 2012-03-12 00:02

      @william, you must live in GP then, and you've realised how much eTolling is going to hurt your pocket! :-)

  • braamc - 2012-03-11 23:27

    The land is probably worth R100b, Foreshore

  • ThandaMzansi - 2012-03-11 23:52

    One kissing party budget could have covered this. Non issue. Go back to stealing ANC. Nothing to see here. Move along.

  • Getafix - 2012-03-12 01:22

    And cele signed a lease deal was 2 billion, nothing fishy... like comparing the sun to the moon.

  • marina.poniatowska - 2012-03-12 05:52

    I guess the Holy DA isn't that hole after all. Viva Africa...

  • Blane - 2012-03-12 06:07

    The anc would never do anything sinister or suspicious would they ? Or would they ?

  • Shaun Robinson - 2012-03-12 07:31

    @ Kagiso - Buddy, go get a proper education and then you will see the light. I feel sorry for you if you still need to fight your battles in Black & White.

  • Marion - 2012-03-12 07:34

    Something doesn't sound right here unless Naspers wasn't prepared to go with the independent analysts valuation and were only prepared to sell at an escalated price. I know of a shopping centre that was valued at R14m but the owner wasn't prepared to sell for anything less than R30m. However, if there is any funny business it needs to be exposed. By the media. lol

  • Riaan Werner Van Wyk - 2012-03-12 07:42

    Again the cna is grabbing for straws while their own bush is burning, better to get your own mess fixed up first than to point fingers at others.. All this is just an indication of how desperate the anc really is..

  • Lee - 2012-03-12 07:46

    The corrupt ANC really stands by its name: Africa's Notorious Criminals

  • Samuel - 2012-03-12 07:49

    Hmmm... it's so odd and I cannot understand why... CCM in Tanzania, Zanu-PF in Zimbabwe, Frelimo in Mozambique and our famous one in South Africa; Liberation Movements; Maybe(by the barrel of the gun not the might of the intellect) but that's where it ended... the rest was a dream to be pursued and never attained... what is happening in the Western Cape, in my personal opinion; is nothing more than the philosophy: "If you can't inspire them; you must control them... or... If you can't convince them; confuse them." We are wasting time scratching where it's not itching... why does Mr Mabena's party feels offended over Mr Le Roux's financial capacity and capabilities...??? And this; I am afraid might be one of the reasons why the Constitution is about to be "modified/distorted" if after 18 years of Transition we cannot become politically mature and if the State Nation Ideal is Not materializing; I would opt for a Federal State and then see who's gonna scream "Murder...!!!" Some provinces are in "incurable bankruptcy" and if nothing is done in due course; that cancer might spread all over. It's a constitutional right for a group of people to set for self determination and freedom of association. Maybe we should start sending more South Africans overseas to broaden their perception and get them understanding that values are created and that the World is bigger than South Africa and to eradicate this blind and immaterial pride. Bravo Western Cape. I rest my case!!!

      celeste.rsa - 2012-03-12 13:26

      @Ace Alpha If it was as simple to go back as you make it sound - there would be queues waiting to fly out from CPT International and OR Tambo! Here's the thing, those of us born here are considered to be South African citizens by Europe, we can't just claim entitlement to anything European because our forefathers happened to have originated from there, so suck it up cupcake, you're stuck with us!

  • Barefoot - 2012-03-12 07:55

    Most ANC supporters will blindly continue to support it as much as a DA supporter does -before you eat me finish reading- as much as the ANC is corrupt you can't expect the DA also run by humans to be incorruptible, so why is it that when a corruption allegation is made about the ANC we conclude that it's right, while when the same is made about the DA is said to be false? wait for the investigation. a sport team supporter continues to support his team even if it fails him personally year after year with the hope that it will win some time, i think that's the mentality of s.a voters when it comes to the ANC and DA, for anc they hope it'll will do what it promises for the da they hope it will win.

  • Louiseand Roger Higham - 2012-03-12 08:00

    The ANC does it all time, some we never hear about till years later, but the minute someone else does something they don't like its all over the news. How much has this Government cost us in corruption?

  • Kagiso Tlhakung - 2012-03-12 08:01

    @Samuel you cannot come all the way frm Europe and want to come create a separate state for urself in our country. If whites came to Africa by boats they must learn to love Africans, respect and live with em in harmony. Check the Aussies and New Zealanders living nicely wit the native ppl there...but SA whites nooo..they got too much pride and hatred, led by their hate organizations DA, Afriforum, FF+ and those Orania fools

      Louiseand Roger Higham - 2012-03-12 08:05

      Where do u think u came from, we all came from Adam

      Louiseand Roger Higham - 2012-03-12 08:10

      We all came from Adam

      samantha.lister.09 - 2012-03-12 08:27

      I never came to Africa by boat. I was born here, JUST LIKE YOU! And I was two years old when the ANC came into power, but Apartheid was all my generations fault, hey? STOP living in the past!

      Riaan - 2012-03-12 09:23

      Jeez, what is this? Dumber by the dozen? I see you simians in Lootfreely house is out in numbers today.

  • arthurbrigg - 2012-03-12 08:08

    Uhm, never mind the ANC just spent R5.74bn on housing their ministers - at least this is land that has been purchased and will accrue value. Oh and what of the 300m in fraud? Oh and what about....

  • Nigel - 2012-03-12 08:20

    ahh, the ANC hypocrites looking to discredit the DA, they know they are going to get a hiding next national election, so they start with their dirty tricks, pay your debts & fix your own crumbling corrupt house, bunch of hypocrites

  • Kagiso Tlhakung - 2012-03-12 08:51

    @Samantha dear u r too young and fainthearted for news24 i suggest u quit, problem is u cant want ppl to forget apartheid when our ppl whr murdered by your ppl and the effects of racism and apartheid are still prevalent. Ask ur parents to go on a roadtrip around Soweto, Alexander, Sebokeng and Orange farm then you wil see y i am still so angry. Imagine if u had to take a taxi and go sleep in a shack while ur mom and dad work for white ppl as gardners and domestic workers. All bcoz of ur forefathers who prevented us frm getting quality education and stole our land and livestock. Sorry if it hurts but its wat it is

      samantha.lister.09 - 2012-03-12 09:10

      Too young and fainthearted? Kagiso, my comments make a helluva lot more sense than yours! Be angry, fine. But not at every white person in this country! Take a look at your precious ANC and look what they are doing to "your people" as you so put it. They are dishing out nearly R6bln for housing for parliament members and "your people" are living in squallor! Members of my family were apartheid activists too! Do yourself a favour, and Google "Gwen Lister" - my aunt. Arrested numerous times and had the Civil Co-operation bureaux trying to poison her. So no, my "forefathers" did not prevent you from doing anything. In fact, they tried to stop it too.

      celeste.rsa - 2012-03-12 13:35 many more years can the old "apartheid" horse be flogged to excuse the current rulers from being incapable of doing what they were elected to do, huh? After 18 years of ANC rule, shouldn't the lives of all South Africans be way better than it was pre-1994? All those election promises - a better life for all, jobs for all, free education, etc, etc. Well, is life better? Hell no, things are a 100 times worse now....just take a look at the education and health systems, to name only 2 areas of major concern that continue to deteriorate while our taxes are wasted by government fatcats.

  • Kagiso Tlhakung - 2012-03-12 08:53

    en for the record i am not racist i jst want white ppl to be fair en give the ANC the Western Cape

      Izak Burger - 2012-03-12 09:36

      White people are a small minority. The DA rules in the western cape not because white people voted them in but because the majority of people voted them in. Therefore your comment shows a lack of understanding as to how democracy works, and the fairness you ask of white people is actually not theirs to give. Or perhaps Gene Travers, cartoonist for a Namibian newspaper, said it best. He joked about SWAPO, saying: How can it be democratic if we don't win?

      Shaylene - 2012-03-12 09:46

      @ Kagiso so there is nothing racist about your comment : " The problem is that because whites r such terrorists and militants they might turn this country upside down when that happens (julle boeremag). The DA intimidates black ppl in Cape town warning them that they wil be fired from their jobs"? Imagine if a white person had to say that about a black person? My parents and grandparents were thrown into jail a couple of times as they use to stone the awb leaders vehicles in protest of apartheid. My mom as fired twice becasue she stood up against apartheid. So please get your facts staight before you "categorize" my for fathers and declare that white people are racists and we were all for apartheid!!!!!!!!!!!

      Izak - 2012-03-12 10:17

      The funny thing is, the boeremag you speak of was never really active in the Western Cape. In fact, there is much less hate here (I live here by the way) than elsewhere in the country. Personally I think it has much to do with the largely peaceful coloured community...

      Deon - 2012-03-12 10:42

      The majority has spoken in Cape Town and Western Cape. This area has to thank the coloureds.

      Jean Meyer - 2012-03-12 16:16

      The ANC can have it back when they prove they can manage it correctly

  • Izak Burger - 2012-03-12 09:48

    In a capitalistic system, a property is worth as much as someone is willing to pay for it. If suitable land is scarce, if there is no corruption at play, and if the cticc will make enough money to pay for this land and show a profit in a few years, then this transaction makes business sense and the entire fuss around this is just politics. Every time a governing body makes such a long term decision, some politicians will always point out that it does not immediately benefit the poor. Eg, when a large bit of budget goes to education, some politician will always say that more should have been given to poverty aleviation, demonstrating a complete lack of understanding thay education IS poverty aleviation.

      Izak - 2012-03-12 10:07

      It also reminds me of those pre-election debates, specifically, the one in Atlantis. In this debate the ANC politicians made a huge fuss about the BRT (bus rapid transport) system, once again saying it does not benefit the poor (only the rich living in Table View) while the DA was LOST trying to explain that 1) rich people also deserve something back for their hard paid tax and 2) phase 2 of that project (which is now profitable thanks to phase 1) will serve Du Noon and as far south as Kayelitsha, thereby benefiting the poor in a much more sustainable way. It's all just politics... bending the facts to point whichever way you want them to.

  • Tim - 2012-03-12 10:17


  • ludlowdj - 2012-03-12 10:26

    The DA seems to spend a lot of time shooting itself in the foot, or as in this case both feet. Is it to much to ask for an official opposition that is above stealing from the tax and ratepayer or do we just accept that kicking the ANC out of power only gets us a slightly more honest government????. Helen get your act together and quickly unless you intend to loose whatever gains your party has made thus far.

      celeste.rsa - 2012-03-12 13:39


  • Vaal-Donkie - 2012-03-12 11:57

    Is this also part of their "restructuring"?

  • madmountainza - 2012-03-12 14:42

    I live in Cape Town and I don't believe that the "convention centre's expansion would help make Cape Town a leading global conference and events destination." I think that it's already big enough (if not too big) and the only way they can use that extra land productively would be to add a shopping centre complex into the CTICC. That would make it a more attractive destinations for conferences, events & the general public. As far as loading th price goes, the way I see it is ... if Naspers owns the land and wants R100 mil for it and the land is evaluated at R50 mil, then DA need to reach an agreement with Naspers as the land-owners irrespective of the land evaluation (same as buying a house, the seller wants so much, you either pay it or reach an agreement, it has nothing to do with the land value).

      Jean Meyer - 2012-03-12 16:07

      They are expanding to the Arts-cape theater. And it will include a shopping mall, hotel and hospital.

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