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Bought for R21,000, Sold for R9.5 Million: Tribunal Invalidates eThekwini Housing Deal

Summary by IOL
The Special Tribunal has struck down housing arrangements in Phoenix, KwaZulu-Natal, after an SIU investigation found that three service providers benefited by more than R29 million from the eThekwini Municipality’s low-cost housing programme.

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IOLIOL
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African News AgencyAfrican News Agency
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Bought for R21,000, sold for R9.5 million: tribunal invalidates eThekwini housing deal

The Special Tribunal has struck down housing arrangements in Phoenix, KwaZulu-Natal, after an SIU investigation found that three service providers benefited by more than R29 million from the eThekwini Municipality’s low-cost housing programme.

·Cape Town, South Africa
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IOL broke the news in Cape Town, South Africa on Tuesday, September 8, 2026.
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