Mdantsane Hub project loses R19m

The multimillion-rand Mdantsane Urban Hub development scheduled to start in April has suffered a setback with the National Treasury’s recall of an approved R19.3million it had allocated for the development.

The precinct plan, which was met with mixed reactions last year, was allocated R20-million by Finance Minister Pravin Gordhan’s office under the neighbourhood development partnership grant (NDPG).

A multi million rand fund that was to be used for the development of Mdantsane has been taken back by Treasury.

For the full story get a copy of the Dispatch or subscribe to our e-Edition for the complete newspaper with jobs, classifieds, crosswords, TV schedules and back editions.

NO COMMENTS

LEAVE A REPLY