Tuesday, 13 December 2016 11:26

Tighter leasing plan to save state 20%

Department of Public Works starts renegotiating its leases with PIC as part of the government's drive to effect R25bn in savings over the medium term.

The South African Institute of Black Property Practitioners (SAIBPP) today hosted a media briefing to launch its upcoming annual convention taking place from 2-3 November 2016 themed “The Property Sector as a Key Driver for Sustainable Economic Growth and Wealth Redistribution”.

The Department of Public Works turnaround strategy has uncovered R34.9 billion in irregular expenditure dating back to 2001, Public Works Minister Thembelani Nxesi announced.

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