Government to dispose over 1 600 state owned properties: Macpherson

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Public Works and Infrastructure Minister, Dean Macpherson, has revealed that the government plans to dispose of more than 1 600 state owned properties.  

He says the move is part of efforts to cut costs and improve how state assets are used.  

The initiative also ties into government plans to revitalise inner cities, address hijacked or dilapidated buildings, and redirect funds towards infrastructure development and job creation.  

Macpherson says the state currently owns approximately 88,000 buildings. 

“We spend R6 billion every year on leases. Even if we were able to cut that in half, that would be R3 billion we could invest in our own assets and save there. We’re also spending nearly R500 million every year on securing properties that remain vacant, idle, or not being used. So clearly, it’s actually an economic question that is before us about what is in the best interests of public money. How can we use that public money to generate growth and jobs?” 

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