transnet sells waterfront????

[freerider]

Does anyone have more info on the whole thing?

http://business.iafrica.com/news/288693.htm

Maybe we will have some luxury islands here soon, if Dubai world has anything to do with it

[calypso]

Well transnet like selling stuff for cheap cheap. My house used to belong to Transnet which they then used to accomodate the railway workers. They then gave all the cottages to the railway worker who have now sold most of them off.
Dubai world has also invested $600 in Shamwari here.

[springbok]

It's not so much the waterfront thats the problem it's all the other land along the coast. Rumour has it there's also parts of the sea??

[megesh]

Apparently they sold coastal land including ocean all the way to robben island!!!

now goverment has to find a way to get it back cause you are not allowed to sell parts of the ocean!!!!

[freerider]

yip 91km sqare of ocean was sold off.

[Carn]

WTF

[freerider]

Yip, now transnet is denying the whole thing and wants Sunday times to retract the article

[springbok]

And what is interesting is that despite repeated requests, Transnet is still refusing to make public the conditions of sale thus fanning the flames of suspicion.