A lease payment method, forming part of a controversial R1bn tender for the upgrade of stretches of prime City of Cape Town land between Clifton and Camps Bay, means the City's political leadership will gain one mass of income from this rental, but then nothing for nearly half a century, a group of residents has argued in what is becoming a court battle.
In October, after News24 had asked whether the tender had been awarded, the City announced via a press release that it had - it is understood an offer of R1 014 244 500 was accepted.
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