Transnet has announced a significant property sale, offering 15 assets, including the iconic Carlton Centre in Johannesburg, to government entities. This move marks a pivotal shift in the company's asset management strategy.
State-owned logistics company Transnet has announced plans to dispose of 15 properties across South Africa, including the landmark Johannesburg building, saying they are no longer part of its core assets.
In a Government Gazette published on Monday, August 24, Transnet said the properties would first be offered to government departments, municipalities, state-owned companies and other public bodies, which have 30 days to express an interest in buying or leasing them.
"In accordance with applicable legislation, governance protocols, and intergovernmental asset management principles, all national government departments, provincial government departments, municipalities, state-owned companies (SOCs), and other public entities are hereby afforded the first right of refusal to express interest in acquiring, utilising, leasing, or otherwise taking transfer of the said properties for public sector purposes", the state-owned enterprise stated.
The 15 properties include shopping centres, golf courses, commercial buildings, and large pieces of land.
