a) Three buildings are situated on PRASA land located at 14 Mill Street, Newlands. The buildings consist of two Metrorail operational buildings and portion of a dual use facility, which is the most prominent of the three buildings located on the property. The latter was an existing house that was upgraded as a guesthouse and office accommodation for PRASA Senior Management on business visits to Cape Town. However subsequently a decision was taken to commercialise the building and rent it out.
b) The land on which the property is located was not purchased but transferred from Transnet Ltd. to the SARCC, now PRASA, in 1990 when the Transport Services land holdings was split between the Rail Freight and Passenger entities.
c) (i) The land on which the property is located was not purchased but transferred from Transnet Ltd. to the SARCC, now PRASA, in 1990. The guesthouse / office accommodation unit was upgraded and capitalised in 2015 at an amount of R7,187,073-07.
(ii) No amount is outstanding