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October 9, 2011
'Blacks only get 5% of government leases'
Fikile-Ntsikelelo Moya
The freshly launched black property developers organisation has accused its white and established counterparts of trying to "spook" banks and creating a false perception that blacks are milking the government building lease space.
The Black Association of Commercial Property Owners, launched in Joburg this week, says contrary to "the current foray and sensational journalism around the state property deals", the reality is that blacks enjoy no more than 5% of state spend on leasing buildings.
Posted by StaffWriter at October 9, 2011 3:14 PM