The poor management of state-owned buildings costs the country’s taxpayers millions of rands annually. The Department of Public Works and Infrastructure owns about 81,000 buildings, 703 of which are vacant. Only the property tax on these unused buildings amounted to R36 million in the 2018/19 financial year. In addition, there is a major backlog with..
Continue reading…
Taxpayers fork out millions for 703 vacant state-owned buildings
The nuts and bolts of radical economic transformation
Posted on Leave a comment
At President Jacob Zuma’s second inauguration, he vowed that economic transformation would “take centre stage” during his last term of office. He promised that “the structure of the economy will be transformed through industrialisation, broad-based black economic empowerment and through strengthening and expanding the role of the state in the economy”. That the economy would..
Continue reading…