City of Cape Town audits Good Hope Centre sale amid public outcry

The Good Hope Centre was sold for R135 million earlier this week. The City of Cape Town has initiated a thorough audit following the recent property auction held last Thursday, with a focus on ensuring the validity of all bids received, including that of the Good Hope Centre, which has sparked considerable public interest and debate. The City said as of now, it has not accepted any bids, and that the verification of these bids will be subject to a comprehensive vetting process in the coming weeks.

It explained that this standard post-auction procedure is crucial to ascertain the bidders’ qualifications, taking into account factors such as tax compliance, ownership rights, financial stability, and adherence to the Municipal Asset Transfer Regulation. In relation to the Good Hope Centre, if a qualifying bid is confirmed, the City said it plans to conduct an in-depth review ensuring that the bidder complies with the stipulations of the Offer to Purchase and the Development Facilitation Agreement. Subsequent to the vetting process, bids that satisfy all legal and regulatory criteria will be presented to the Immovable Property Adjudication Committee (IPAC) and then to the City Council for final approval, if necessary, it stated in a statement issued.

The city detailed that the due diligence outcomes will inform any eventual sale agreements, underscoring a transparent and accountable process aimed at serving the interests of Cape Town’s residents. Pastor Thelma Lewis celebrated this acquisition, indicating it was a significant victory for the church, which views the venue as a portal to outreach and growth from its Cape Town base. Pastor John Anosike, the church’s leader, spoke of the purchase during a recent service, framing it as a major leap of faith.

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He envisions the Good Hope Centre becoming a focal point for worship and communal events within Cape Town. Despite protests from various political parties and civil society groups advocating for the site’s use as affordable housing, the City maintains that the property is surplus to municipal needs and that the auction process has been both lawful and transparent. Previous court applications to halt the sale were dismissed, allowing the municipal land disposal process to proceed unimpeded.

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