Latest news with #HousingDevelopmentAgency
IOL News
12-06-2025
- Business
- IOL News
SIU investigates R3. 1 billion in Housing Development Agency deals
The Special Investigating Unit is going after transactions worth hundreds of millions of rand approved by the state-owned Housing Development Agency and eight provincial Human Settlements departments. Image: Sandi Kwon Hoo / Independent Newspapers The Special Investigating Unit (SIU) is probing dodgy transactions valued at about R3.1 billion approved by the state-owned Housing Development Agency (HDA) and eight provincial Human Settlements departments since 2016. Several of the HDA's deals now under scrutiny were for the identification, acquisition, holding, development, and release of state, communal, and privately owned land for residential and community purposes by the agency, in its name, or for and on behalf of the provincial departments or by the departments. The provincial Human Settlements departments involved are from the Eastern and Western Cape, Free State, Gauteng, KwaZulu-Natal, Mpumalanga, North West, and the Northern Cape. According to details of the property sales being probed, the highest amount paid was the R389.1 million spent in Chris Hani in Ekurhuleni for 2,560 serviced residential stands in 2021/22, R279m for land in the City of Tshwane in the 2020/21 financial year, while R213m was paid in the Eagles Nest township transaction also in Ekurhuleni in 2019/20. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Next Stay Close ✕ Another R195m was for land in Palm Ridge, also in Ekurhuleni, in 2020/21, while the lowest transaction was R120,000 in Theunissen, Masilonyana, in the Free State in 2021/22. Strangely, the three valuations of the land eventually bought for R120,000 ranged between R285,000 and R13.2m. The SIU is investigating any alleged serious maladministration in connection with the agency's affairs and the departments' improper or unlawful conduct by their employees, unlawful expenditure of public money, as well as offences committed in violation of the Prevention and Combating of Corrupt Activities Act. The offences include unlawful or improper conduct by any person, which has caused or may cause serious harm to the interests of the public between April 2016 and this year. The corruption-busting unit will also determine whether there was any irregular, improper, or unlawful conduct by applicable service providers of the agency and departments, or any other person or entity. In addition, the SIU will investigate whether the manner these contracts were entered into was not fair, competitive, transparent, equitable, or cost-effective and contrary to applicable legislation, manuals, guidelines, practice notes, circulars, or instructions issued by the National Treasury or the relevant provincial Treasury. It will also check if manuals, policies, procedures, prescripts, instructions or practices of, or applicable to the agency and departments and the related unauthorised, irregular or fruitless and wasteful expenditure incurred or losses suffered by the agency, departments or the State.
IOL News
04-06-2025
- Business
- IOL News
SIU investigates Housing Development Agency projects
The Housing Development Agency is facing a Special Investigating Unit probe into widespread corruption in several projects across the country. Image: Nokuthula Mbatha / Independent Newspapers The Special Investigating Unit (SIU) is probing widespread corruption in several projects across the country funded by the Housing Development Agency (HDA). According to the proclamation signed by President Cyril Ramaphosa, the SIU investigation will focus on serious maladministration in the HDA's affairs in projects for provincial Human Settlements departments in the Eastern Cape, Free State, Gauteng, KwaZulu-Natal, Mpumalanga, North West, Northern Cape, and the Western Cape. This includes the identification, acquisition, holding, development, and release of state, communal, and privately owned land for residential and community purposes by the agency, in its name, or for and on behalf of the provincial departments or by the departments in their name. The unit will also investigate whether the contracts were awarded in a manner that was not fair, competitive, transparent, equitable, or cost-effective and contrary to applicable legislation, manuals, guidelines, practice notes, circulars or instructions issued by the National Treasury or the relevant provincial Treasuries applicable to the HDA and the departments. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ The SIU is tasked with uncovering any related unauthorised, irregular, fruitless, or wasteful expenditure incurred by the HDA and the departments, or losses suffered by the agency, departments, or the state concerning the allegations. In addition, the probe will look into any irregular, improper, or unlawful conduct by the applicable service providers of the HDA and the departments or any other person or entity, relating to the allegations. Ramaphosa gave the SIU the green light to investigate serious maladministration in connection with the agency's affairs and the departments, improper or unlawful conduct by employees, unlawful expenditure of public money and other offences referred to in the Prevention and Combating of Corrupt Activities Act committed in connection with the affairs of both the HDA and the departments. The investigation will also tackle unlawful or improper conduct by any person, which has caused or may cause serious harm to the interests of the public or any category thereof, which took place between April 2016 and last month or which took place before or after the date of the proclamation but is relevant to, connected with, incidental or ancillary to the matters mentioned or involve the same persons, entities or contracts investigated under the proclamation's authority.
IOL News
03-06-2025
- Business
- IOL News
Corruption probe: SIU investigates Housing Development Agency projects
The Housing Development Agency is facing a Special Investigating Unit probe into widespread corruption in several projects across the country. Image: Nokuthula Mbatha / Independent Newspapers The Special Investigating Unit (SIU) is probing widespread corruption in several projects across the country funded by the Housing Development Agency (HDA). According to the proclamation signed by President Cyril Ramaphosa, the SIU investigation will focus on serious maladministration in the HDA's affairs in projects for provincial Human Settlements departments in the Eastern Cape, Free State, Gauteng, KwaZulu-Natal, Mpumalanga, North West, Northern Cape, and the Western Cape. This includes the identification, acquisition, holding, development, and release of state, communal, and privately owned land for residential and community purposes by the agency, in its name, or for and on behalf of the provincial departments or by the departments in their name. The unit will also investigate whether the contracts were awarded in a manner that was not fair, competitive, transparent, equitable, or cost-effective and contrary to applicable legislation, manuals, guidelines, practice notes, circulars or instructions issued by the National Treasury or the relevant provincial Treasuries applicable to the HDA and the departments. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad loading The SIU is tasked with uncovering any related unauthorised, irregular, fruitless, or wasteful expenditure incurred by the HDA and the departments, or losses suffered by the agency, departments, or the state concerning the allegations. In addition, the probe will look into any irregular, improper, or unlawful conduct by the applicable service providers of the HDA and the departments or any other person or entity, relating to the allegations. Ramaphosa gave the SIU the green light to investigate serious maladministration in connection with the agency's affairs and the departments, improper or unlawful conduct by employees, unlawful expenditure of public money and other offences referred to in the Prevention and Combating of Corrupt Activities Act committed in connection with the affairs of both the HDA and the departments. The investigation will also tackle unlawful or improper conduct by any person, which has caused or may cause serious harm to the interests of the public or any category thereof, which took place between April 2016 and last month or which took place before or after the date of the proclamation but is relevant to, connected with, incidental or ancillary to the matters mentioned or involve the same persons, entities or contracts investigated under the proclamation's authority.
