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Taxpayers splurge a hefty R4 billion on property leases per year.
Arriving at Vukile Property Fund’s headquarters, a pretty and petite building in Rosebank, we’re greeted by cranes on the horizon.
Sedise was chief executive of Encha Properties from 2004 up until Vukile's aquisition of a portfolio of government-tenanted properties from Encha in 2013.
Concerns surrounding the communication and relationship between the public and private sector are diminishing as both parties are becoming more actively involved with one another, engaging in meaningful dialogue and working together on improving business and infrastructure in South Africa.
A strong argument can be made that unlike the resources sector, which has captured most of the headlines around black economic empowerment (BEE), in the listed property sector empowerment policies have worked.
Vukile Property Fund fulfills Empowerment Transaction conditions and appoints executive director
Vukile Property Fund has concluded an agreement with Encha Properties to acquire a portfolio of five investment-grade, predominantly national government-tenanted properties from Encha for an approximate R1.4 billion