Why Would Johannesburg’s city council settle for an undervaluation of the property at 100 Grayston Drive?
Over a period of five years, and after notching up 30 bus trips, countless nights in Johannesburg backpacker hostels and many evening strolls through the City of Gold’s upmarket suburbs, Howick-based rates crusader Rob McLaren is trying to have nearly the entire richest square mile in Africa, and its neighbours, revalued.
Without the assistance of a cell phone or an internet connection, he has uncovered what appears to be the deliberate, routine under-valuation of high-value buildings, resulting in the owners’ paying significantly less than they should in municipal rates.
Shortly after Johannesburg’s General Valuation Roll for 2018 was released for public comment in 2017 McLaren objected to the valuations of 67 high-end commercial buildings, among them was 100 Grayston Drive, Sandton, then owned by Growthpoint Properties Limited. The occupant was and still is Investec Bank Ltd.
Diese Geschichte stammt aus der May 2019-Ausgabe von Noseweek.
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Diese Geschichte stammt aus der May 2019-Ausgabe von Noseweek.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
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OUR SCHOOL WAS IN THE MIDDLE of the bush, ten miles from the nearest town in the harsh beauty of the Zimbabwean highveld. It started life in World War II as No 26 EFTS Guinea Fowl, a Royal Air Force elementary flying training school and I arrived there in 1954, just seven years after it became an all-white co-ed state boarding school.
