Tshwane mayoral mansion auctioned for R5.1 million, money will benefit 40 families

Tshwane mayoral mansion auctioned for R5.1 million, money will benefit 40 families

- The Tshwane mayoral mansion was sold at auction on Thursday for R5.1 million

- Mayor Solly Msimanga says money will be used to build about 40 low-cost homes

- Msimanga has pressed charges against 3 officials for fraud related to refurbishment of the property

The City of Tshwane mayor Solly Msimanga says the sale of the Tshwane mayoral mansion on Thursday will benefit about 40 low-income families.

The four-bedroom mansion was sold at auction for R5.1 million. Msimanga says the money will be used to build about 40 homes for low-income families in the city. The City inherited the property form the now-defunct Pretoria City Council, it has been used as the official residence of the mayor ever since.

Tshwane mayoral mansion auctioned for R5.1 million, money will benefit 40 families

Tswane Mayoral Mansion. Photo: Citizen.co.za

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When Msimanga took office last year he identified the mansion as a non-performing core asset which could be sold to raise money to build low-income housing. He also pressed criminal charges of fraud and corruption against three senior members of the previous administration.

According to a report by Citizen.co.za the charges are related to a R132 million refurbishment of municipal buildings undertaken by the City. Msimanga says the project included a R1.2 million refurbishment of the mayoral mansion which inexplicably rose to R12 million.

Briefly.co.za gathered that the auction was hosted by High Street Auctions which have in the past helped the city to auction off other non-performing core assets.

Tshwane mayoral mansion auctioned for R5.1 million, money will benefit 40 families

Tshwane Mayoral Mansion bedroom. Photo: Businesstech.co.za

The company’s joint-director Lance Milton says auctions are a preferred method for government, large corporations and state-owned enterprises to achieve quick and transparent sales of properties and other non-core assets.

Msimanga says the first homes built using the money from the auction should be completed before the end of the current financial year. He says the council had not yet decided in which part of the city the homes would be built.

Tshwane mayoral mansion auctioned for R5.1 million, money will benefit 40 families

Tshwane Mayoral Mansion kitchen. Photo: Businesstech.co.za

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Source: Politics.briefly.co.za

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