19 Jan 2011
/ by Andile Sokomani
Shoddy Oversight Fuels Shady Dealings in SA Government Real Estate
In the wake of the global banking crisis and the concomitant rise in public debt levels, the disposal of government real estate and associated operating cost savings have become a vital means of raising much needed capital. Close to 16 billion of government property was reportedly sold across Europe between 2006 and 2008. This is almost four times the 4 billion worth of sales recorded from 2003 to 2005.
