By Thebe Mabanga
Public Works and Infrastructure Minister Dean Macpherson used his contribution to Parliament’s State of the Nation Address (SONA) debate to expand on President Cyril Ramaphosa’s plan to establish a new State Property Company.
Ramaphosa said in his SONA last Thursday that government would begin work “this year” to create a professional State Property Company to turn government’s 88,000 buildings and five million hectares of land into “professionally managed engines of growth and development”.
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Macpherson said the proposed entity would be a ring-fenced, professionally governed platform intended to unlock value from state assets.
That value, he said, would be recycled into maintenance and upgrades, while separating the roles of owner, manager and developer.
Macpherson, a Democratic Alliance leader, said the party “believes in using state assets to create generational wealth”.
The company would be used
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