Eskom moves to dispose of non-core properties

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.

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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. 

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