WHAT IS HAPPENING WITH THE ESASSCO BULDING?
Madam,
What a mockery to Vision 2022!
Can someone tell us what is happening with the eyesore Eswatini Association of Savings and Credit Cooperatives (ESASCCO) building just above the beautiful New Mall in Mbabane. Rumour has it that in addition to the unfinished building being an eyesore, it has turned to a dagga smoking and sex den for pupils from schools around Mbabane.
Rumour also has it that a handful of pupils, including girls from one of the top schools in the capital city were recently nabbed by police smoking weed during school hours in the comfort or discomfort of the building. It is alleged that one of the girls who was spooked by the possibility of going to jail for dagga possession admitted to lesser misdemeanor of honouring sexual advances from one of the boys and the ugly building was suitable for the rendezvous.
Financed
When the construction of the building started, it was financed by the Development Bank of South Africa (DBSA). It was reported that members of SASCCO were supposed to fork out around E25 million for the construction while DBSA was going to pay the balance for the completion of the building. Apparently this original arrangement failed. Some years ago it was reported that Tibiyo, which has just declared a E288 million profit had shown interest in buying the unfinished building which, according to evaluators would cost around E40 million to E50 million at the time and a committee was apparently set up to look into the acquisition of the building.
Converted
At one point it was also reported that the building was to be converted into a hotel. Can someone enlighten us what is the position now? As a resident of Mbabane, a ratepayer and taxpayer I wonder why we have to endure this ugly sight when entities like Tibiyo are more than capable of converting the building into a world class structure. Isn’t there a section in the municipal regulations that stipulates limits on timeframes for construction of buildings in town.
del.icio.us |
Digg
Post your comment 
https://zencortex.colibrim.ca I was suggested this website by my cousin. I'm not sure whether this post is written by him as no one else know such detailed about my trouble. You're wonderful! Thanks! https://zencortex.colibrim.ca
on
16/10/2024 11:47:32
https://fitspresso.colibrim.ca Hi there to every one, since I am truly eager of reading this website's post to be updated daily. It consists of nice data. https://fitspresso.colibrim.ca
on
16/10/2024 05:03:21
LeonardQuora
on
16/10/2024 04:31:08
https://zencortex.colibrim.ca I am really impressed with your writing skills as well as with the layout on your weblog. Is this a paid theme or did you modify it yourself? Anyway keep up the nice quality writing, it's rare to see a great blog like
on
16/10/2024 02:57:17
RandyFaimb
on
16/10/2024 01:02:23
Comments (0 posted):