Register now for Fin24 Dashboard and get access to portfolios, watchlists, financial comparison tools, and a whole lot more to help you achieve your financial goals.

Data provided by McGregor BFA
All data is delayed
Loading...
Where am I? Home
 
Prices are delayed by 15min.
Join the Fin24.com conversation about JSE-listed stock by using every time you tweet.

R1.3bn to fix RDP houses

Nov 16 2009 15:23

Related Articles

'Nationalise Sexwale's wealth'

Economy trumps politics - Sexwale

Govt seeks repossession options

Sexwale quits Mvela Holdings

Big pay cuts for Sexwale, Gordhan

Cape Town 'too white, backward'

 

Top Stories

Gauteng road project costs rocket

May 25 2012 13:58

The costs of the first phase of the Gauteng Freeway Improvement Project have increased significantly to almost R90bn, according to a report.

Greek euro worries pressures rand

May 25 2012 19:13

Uncertainty over the future of the euro zone returned to push the rand down against the dollar.

JSE halts 'incorrect' trade

May 25 2012 11:36

The JSE has identified and stopped "incorrect" trades from one of its members, and will reverse the trades and lower the session's total value after the close.

 
Share Share line Print

Johannesburg - It would cost R1.3bn to rebuild badly constructed houses provided under the government's housing programme, Human Settlements Minister Tokyo Sexwale said on Monday.

"It's a national shame. This is money down the drain. It is money that should have been spent on new houses," Sexwale said during a visit to the Alphendale community in East London, where 339 poorly constructed houses have to be rebuilt.

He laid the blame for the poor service delivery on corruption by construction companies and government officials.

"Wrong things are being done in the name of government," he said.

"These are people we have entrusted with government jobs and government contracts, they are supposed to serve the people, but they are thieves. If you are corrupt, get out," he said.

"We want to know who built these houses. We need to ask serious questions and bring people to book. We are going to fix the problem, but we are also going to fix the people who caused the problem."

"Where we are given knowledge and information you can trust us, we will act."

Sexwale introduced a National Audit Task Team charged with investigating irregularities in the housing system.

It is led by Special Investigations Unit (SIU) head Willie Hofmeyr and a senior representative of the Auditor General's office.

"We are working with the SIU because they have the power to investigate, but they also have the power to institute criminal and civil action," Sexwale explained.

"But they don't work alone. They are also working with the office of the Auditor General, which is in charge of looking at all our books, to check how we spend money."

The team is already investigating 20 projects, one of which is Alphendale.

- Sapa

 
 
Comment on this story
0 comments
Comments have been closed for this article.
Facebook's intrinsic value
May 23 2012 11:32

When it comes to judging a company’s worth, value investors like Warren Buffett look at intrinsic value. By that measure, Facebook’s shares are worth less than $10. A Reuters analyst breaks down the math. (Reuters)

NicolaaSmith

CIPPA equals automatic zero erosion in the constant item economy We do not have stable – as in fixed real value – money. The real value of money is generally accepted by the public at large to be stable – as in fixed – in low inflation economies, but this is not true. The be... Read their blog...

Recently updated
Podcasts
The Sishen saga

Legal expert Peter Leon on the increasingly complex legal wrangle over the Sishen Iron Ore mine. Time: 8:17 Listen Here...

Before you list

Is the clarion call of the JSE calling? Listen to Fin24’s expert panel discussion before you list your small business. Time: 17:29

Compare and Buy

Compare and apply for hundreds of financial products from many suppliers.

Credit cards Medical aid Current accounts Think Money

Money Clinic

Money Clinic Do you have a question about your finances? We'll get an expert opinion.
Click here...

Loading...