Eskom moves to dispose of non-core properties
Power utility Eskom has confirmed that it will finalise the sale of Die Wilge flats at the Kusile power station during the first half of the year.
Construction work at the flats began in 2008 at a budget of R160 million.
However, costs ballooned to more than R800 million by 2019 with the project now being abandoned and incomplete.
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Eskom says the sale of Die Wilge and other properties form part of the power utility’s disposal of non-core immovable property.
The power utility has since managed to sell two high rise offices in Kimberley and Johannesburg, raising a total of R76.1 million.
Eskom says it aims to raise more than R2 billion from the sale of non-core property.
