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The value of the recently burnt South African parliament is unknown simply because its not insured

In a shocking development it has came to light that the R221 million damage caused by the fire in parliament could come from taxpayers money.

According to the Public Works Department, properties leased to other departments or client departments are not insured. The parliament building in Cape Town is also among these uninsured properties.

Acting Director General of the Department of Public Works, Imtiaz Fazel said that at the end of February 2022, the estimated parliament's value of properties will be R141 billion. He added that insuring the state's property portfolio would be too expensive to sustain.

The SABC reported that the process of valuing parliament is too complicated now because of the unavailable historical cost records as well as the fact that similar buildings are too few to compare. Experts have suggested that Minister of Finance, Enoch Godongwana should provide the repair funds in his February bidget speech.

Following the fire South African president, Cyril Ramaphosa said the incident will be investigated and the public should respect the process.

Below is the way people reacted online upon learning that they might be the ones paying for the repairing work. Add your own opinion at the bottom, please follow community guidelines.

@koesal asked: "So what? We were going to do so in any event whether the insurance paid out or not. They were always going to make us pay." Read more:

@nkosi___ believes: "Nothing is ever done right by this ANC run government. Let’s vote them out come the national elections."

@Dayungone remarked: "Obviously, taxpayers would pay for the sins of government."

@Ngoako2030 said: "It will cost less to build a new parliament in Pretoria."

@Letebem shared: 'This can't be true."

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Content created and supplied by: NtobekoTheCreator (via Opera News )

Cape Town Imtiaz Fazel Public Works Department R221 South African


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