• Skip to main content
  • Skip to header right navigation
  • Skip to after header navigation
  • Skip to site footer
MyZA

MyZA

News, Directory, Events and Other Stuff

  • Social Media
  • Sport
  • World News
  • Home
  • Submit News
  • Directory
  • Events
  • Stratlec
  • TFSA
  • News
    • APO
    • Today’s Sport News
    • Todays Social Media and Tech Headlines
    • Today’s World News
    • Today’s SA Financial News
  • Contact
You are here: Home / News / City of Cape Town’s Fire Sale of Strategic Public Assets Challenged

City of Cape Town’s Fire Sale of Strategic Public Assets Challenged

24 February 2026 by Guest

The GOOD Party has formally declared its opposition to the City of Cape Town’s decision to auction off approximately 50 public properties, including the historic Good Hope Centre.

The post GOOD PARTY CHALLENGES CITY OF CAPE TOWN’S FIRE SALE OF STRATEGIC PUBLIC ASSETS appeared first on For Good.

GOOD Statement by Axolile Notywala, GOOD City of Cape Town Councillor:

The GOOD Party has formally declared its opposition to the City of Cape Town’s decision to auction off approximately 50 public properties, including the historic Good Hope Centre. This move represents a betrayal of the city’s constitutional obligation to address spatial justice and provide well-located housing for its residents.

The City’s decision to sell these assets to the highest bidder, rather than utilising them for the public good, is a short-sighted financial move that permanently strips Cape Town of the tools needed to dismantle the legacy of spatial apartheid.

The GOOD Party highlights a disturbing contradiction in the City’s management of the Good Hope Centre. While the building is being prepared for auction, public funds have recently been spent on maintenance, including fixing roof leaks and ensuring the facility was compliant for the recent Opening of Parliament.

Public land is a strategic instrument for spatial justice, not a disposable asset, says Axolile Notywala, GOOD Party Councillor. Using taxpayer money to refurbish a building only to hand it over to the private sector is not just exclusionary; it is fiscally irrational. This facility is functional and vital to the city’s public identity.

With over 400,000 households on the housing waiting list, the GOOD Party argues that strategic inner-city land must be reserved for mixed-income and social housing. Selling central land purely for commercial development forces the poor to the periphery, entrenching inequality and increasing transport costs for the working class. True economic growth is not measured by the construction of luxury apartments, but by how many residents can afford to live near economic nodes.

If the auction proceeds, the matter does not end there.

There are further legal options, continued council oversight, policy proposals to more strictly regulate future alienations, and ongoing public mobilisation.

Public land is a scarce resource. Once it is sold, the loss is permanent. That is why every alienation must be tested against a simple question: does it truly serve the long-term interests of residents?

Cities are not measured only by how much they develop, but by who they include.

Cape Town must decide whether it will use its strategic land to correct inequality or sell it and lose that opportunity forever.

There’s something bigger sitting underneath this entire debate: who owns the future shape of a city? The highest bidder or the public that lives in it? That’s the real contest here.

 

GOOD Ministerial Role: Patricia de Lille serves as the Minister of Tourism in the national government.

Read More at the Source

Share this:

  • Share on X (Opens in new window) X
  • Share on Facebook (Opens in new window) Facebook
  • Print (Opens in new window) Print
  • Email a link to a friend (Opens in new window) Email
  • Share on LinkedIn (Opens in new window) LinkedIn
  • Share on Tumblr (Opens in new window) Tumblr
  • Share on WhatsApp (Opens in new window) WhatsApp
  • Share on Mastodon (Opens in new window) Mastodon
Category: NewsTag: CAN, Cape Town, GOOD, growth, hope, Identity, List, Money, Parliament, Political Party, Resource

If you feel strongly about this article then feel free to send MyZA a ‘Letter to the Editor’ using the submission form below:


Letter to the Editor

This field is for validation purposes and should be left unchanged.
If this is in response to an article please include that article title here or as the lead in for the first paragraph of your Letter below.

Separate tags with commas

Localise your letter by naming the city your words are about. Add relevant words describing your subject. Single comma separated words of no more than 5
Your Name(Required)
Your Name will be linked to the website below.
Your personal, business or social media web site
Choose NO to not set up a user account on MyZA. User Accounts will allow you to submit letters under your own Author Name

3 Latest Letters to the Editor:

  • Re: R8.5 Million Lotto Winner Claims Prize in Gqeberha

    Dear Editor This is indeed an exciting story for the community. Congratulations to the winner and may this bring positive change to Nomathamsanqa. As someone from KwaMashu, I understand the impact such winnings can have on township communities. Wishing the grandfather all the best. Regards Themba Zulu In Response to/From: R8.5 Million Lotto Winner Claims…

    18 September 2026
  • Re: Minister Tolashe and Postbank Black Cards

    Dear Editor I appreciate the Minister’s assurance regarding the smooth transition to Postbank Black Cards for grant beneficiaries. As a concerned citizen, I hope the government will ensure that all beneficiaries, especially elderly and vulnerable populations in areas like Soweto, receive adequate assistance during this transition period. The expansion of card replacement locations to include…

    18 September 2026
  • Lotto Winner Story

    Dear Editor This is indeed an exciting story for the community. Congratulations to the winner and may this bring positive change to Nomathamsanqa. Regards Willem Pieterse In Response to/From: R8.5 Million Lotto Winner Claims Prize in Gqeberha

    16 September 2026

About Guest

Previous Post:From Nigeria to the UK: Dr. Sotonye Campbell’s Journey Through Global Medical Education
Next Post:Cervical Cancer Is Preventable and Treatable

Reader Interactions

Comments

  1. Jelly Camber

    10 September 2026 at 5:11 pm

    At the end of the school year and a mother asked his son if the exam questions were difficult. And he answers her saying “They weren’t bad at all,” it was the answers that gave me all the trouble.

  2. Truth

    7 September 2026 at 11:38 am

    I cannot see a comment section underneath a page on MyZA that I really find benefit from – https://myza.co.za/sa-news-headlines/ – so wanted to post a thank you here under this article if you do not mind at all. Iff my thank you is not appropriate please do delete, I will not be offended.

Copyright © 2026 · MyZA · All Rights Reserved · Powered by Stratlec Online