Carlton Centre, Umlazi Mall among 15 properties Transnet is selling
“In accordance with applicable legislation and governance protocol, all national government departments, provincial government departments, municipalities, state-owned companies (SOCs), and other entities are afforded first right to express interest in acquiring or leasing the said properties.
State gets first dibs According to the gazette, Transnet must give the state 30 days to express interest in buying or leasing the properties before opening the sale to the public.
This follows National Treasury’s rejection of direct bailouts for the state-owned logistics company, citing strict fiscal conditions for financial support facilities that required the entity to identify, divest, and dispose of non-core assets to restore financial sustainability.
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