Auditors find Cape Town land sale flawed
Forensic auditors have found that the controversial sale of discounted luxury beach plots to companies linked to political parties was flawed, Cape Town Mayor Nomaindia Mfeketo said yesterday, according to a Finance24 report.
The process was flawed because the city\'s BEE policy regarding the sale of land had not yet been formulated. According to the auditors summary, the identification of the 17 BEE developers, many with links to the ANC, had been done arbitrarily, and the qualifying process had not been completed in respect of at least half of them. Acknowledging mistakes, Mfeketo said all officials involved in the decision to award the land were still at their desks. No action has been taken, she said, adding that the city would begin a process to determine if any disciplinary measures would be taken and determine where the buck stops. Full Finance24 report