Land budget plundered

Land budget plundered

Farmland given valuation of developed, serviced land.

The owner offered his farm to Tshwane for R30 million but the metro was already conniving to rather pay R90m to a politically connected middleman for the same property.

In its August issue Noseweek reported that two men had walked away with R126m of taxpayers’ money by acting as intermediary owners, selling farmland at highly inflated prices to the Tshwane Metro in 2016. They owned the properties for only a few minutes on paper before selling them on, making profits of R94m and R32m respectively with the back-to-back transactions.

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