[Article] - Brian Molefe's mansion bonanza

Cray

Cray

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http://www.news24.com/SouthAfrica/News/exclusive-brian-molefes-mansion-bonanza-20170228

Johannesburg - Newly sworn-in ANC MP Brian Molefe scored a stunning discount on a luxury "platinum" mansion in an upmarket Pretoria estate while he was CEO of Eskom.

The R10m sale is 41% less than the R17m the property was originally advertised for – and approximately R4m less than an offer made on the house by a prospective buyer, according to an estate agent with knowledge of the transaction

News24 can reveal that Molefe bought a sprawling property in the Cornwall Hill Estate, with its own cigar lounge and gym, at a steal for R10m from his friend and former Public Investment Corporation (PIC) colleague, Tshepo Mahloele, in January last year.

According to sources familiar with the transaction, Mahloele received at least two offers for the house, the lowest of which was in the region of R14 million and the other one higher. However, towards the end of 2015, Mahloele suddenly told local estate agents that he wanted to sell the property through a private transaction.

Local estate agents were shocked when they later learnt that Mahloele had decided to let the house go for only R10 million in an estate where similar properties often reach prices of between R15 million and R20 million.
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Dodgy...
 
never ceases to amaze me how much dirt there is on a guy and how the ANC can overlook it all with a straight face.
 
Ecco said:
never ceases to amaze me how much dirt there is on a guy and how the ANC can overlook it all with a straight face.
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Nothing to overlook because they all have dirt of their own.

Anyway I'm surprised that it comes with a cigar lounge but not a shebeen...
 
Two things stand out.
Are all high end properties in Gauteng this ugly. It makes the Solomon brothers look tasteful.
Property is Gauteng is really cheap. R17m for a property of this size is crazy.
 
JStrike said:
Two things stand out.
Are all high end properties in Gauteng this ugly. It makes the Solomon brothers look tasteful.
Property is Gauteng is really cheap. R17m for a property of this size is crazy.
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It's an architectural style known as "Boere Toskaans" which seems particularly popular in Gauteng for some unknown reason.
 
garp said:
It's an architectural style known as "Boere Toskaans" which seems particularly popular in Gauteng for some unknown reason.
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That made me chuckle.
"Boere Toskaans" haha
 
JStrike said:
Two things stand out.
Are all high end properties in Gauteng this ugly. It makes the Solomon brothers look tasteful.
Property is Gauteng is really cheap. R17m for a property of this size is crazy.
Click to expand...

Agreed, R17m sounds a bit far-fetched for that property, live close by and a tennis court and outside chess board were recently added.

Wtf is a cigar lounge? A room with some leather couches?
 
Public Investment Corporation (PIC) colleague, Tshepo Mahloele
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This is even more disgusting than usual. Most likely the difference came from the PIC coffers.

1) That money is basically the pension money for civil servants.
2) That money is meant to be spent on investing in small businesses.

:mad:
 
KantSnyer said:
Agreed, R17m sounds a bit far-fetched for that property, live close by and a tennis court and outside chess board were recently added.

Wtf is a cigar lounge? A room with some leather couches?
Click to expand...

Probably that plus insulation, filteration recirc system, a humidor or two and perhaps some sort of entertainment system.

Definitely needing lots of moola
 
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