According to the information received from Transnet
(1). Transnet is engaging with the Department of Human Settlements and the Housing Development Agency with the aim of facilitating the disposal of its mass housing portfolio and some of the vacant pieces of land to municipalities, so that they can be used for human settlement purposes.
(2). N/A.
(3). A portion of Transnet’s property portfolio is reclassified as non-core as it is not required to support operations. Transnet entered into a Memorandum of Understanding with the National Department of Human Settlements to create housing opportunities across the country and facilitate the release of vacant land, buildings and hostels to convert them into liveable residential accommodation.
To this end, Transnet has made available vast tracks of land across the country to various municipalities and other state organs for the development of human settlements.
Engagements between Transnet, the National Department of Human Settlements, Housing Development Agency and municipalities are ongoing to conclude the release of the hostels portfolio for human settlements.