No action on Cape Town City’s R140m loss
In what the Cape Times report calls a surprise forensic report conclusion, the City of Cape Town has reported no irregularities in an alleged botched auction of prime Foreshore land. The investigation probed the alleged loss of R140m of public money due to an alleged botched auction of prime land on the Foreshore to Growthpoint Properties.
Ndifuna Ukwazi (NU) at the time fingered then-mayoral hopeful Ian Neilson to be partly to blame for the loss.
City spokesperson Luthando Tyhalibongo said that they had concluded the investigation.
‘The investigation into the sale of Site B, Foreshore, has been concluded. The investigation revealed that there were no irregularities with regard to the sale of the property,’ Tyhalibongo said.
NU attorney Jonty Cogger said they were not made aware of the outcome.
‘It is in the public’s interest to have access to the report to know whether or not there was corruption. If there isn’t transparency, the public is never going to know what happened. How are we supposed to know that there wasn’t a loss?’ Cogger said.
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