The iconic 5-star hotel in South Africa, which hosted Michael Jackson, Margaret Thatcher, and Nelson Mandela, is now an abandoned and dilapidated buil

  • Thread starter Thread starter Declan Thompson
  • Start date Start date
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In August 2026, Transnet announced its intention to dispose of 15 commercial properties it owns but no longer considers core assets.

These properties include golf courses, shopping malls, land parcels, and the Carlton Centre, which includes the old Carlton Hotel building."

Can someone explain why Transnet needed golf courses? shopping malls etc? Its responsible for our rail and shipping? or was it for investment purposes for the government?
 
neoprema said:
"
In August 2026, Transnet announced its intention to dispose of 15 commercial properties it owns but no longer considers core assets.

These properties include golf courses, shopping malls, land parcels, and the Carlton Centre, which includes the old Carlton Hotel building."

Can someone explain why Transnet needed golf courses? shopping malls etc? Its responsible for our rail and shipping? or was it for investment purposes for the government?
Click to expand...
It's for their employee pension fund. The fund also has (or had, not sure) a huge stake in the V&A waterfront.
 
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