In other words a PPP (Public-Private Partnership). I thought PPPs had died down – this is not the case. They are happening. Refurbishing and managing a building probably won't be too hard a bidding process.
PPPs are a different beast that don't appear to be issued under section 10 of the BE Act, you know that section that incompetent government officials hide behind when they use race criteria to offer support under COVID. The BEE aspect of PPPs is in fact a code so it's issued under section 9 and this one of the first codes, it came out in 2004. When it comes to PPPs we have a code that can be found on Treasury's website or here.
Back to this article. It's building across the country. If we think about inner city buildings I think this will be a hard sell. So does our esteemed government
So far, five government properties – Telkom Towers, Cervitas Building, Public Works House, Police Barracks and Department of Defence Flats – have been identified in the City of Tshwane as pilot projects of these public-private partnerships.
Said to be done in phases, the first project is expected to commence in March 2024. “No property has been leased out as yet as the process is still in its conceptual stage,” said the minister.
We have a BEE for PPP course coming up in March this year. I'll keep the blog updated. There are rumours that the Minister will update the code this year. Let's see