FRAUD and corruption by developers in collusion with housing department officials are among the key factors for the collapse of hundreds of low-cost housing projects throughout the country.
As a result, the government is now spending more than R2 billion to refinance the completion of the low-cost houses that were abandoned by unscrupulous developers across the country since the dawn of democracy.
The problem has its roots in massive fraud scams by developers who colluded with some of the country’s housing department officials to siphon off millions of rands for work not done. City Press
As a result, the government is now spending more than R2 billion to refinance the completion of the low-cost houses that were abandoned by unscrupulous developers across the country since the dawn of democracy.
The problem has its roots in massive fraud scams by developers who colluded with some of the country’s housing department officials to siphon off millions of rands for work not done. City Press