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Johannesburg rejects Gupta property valuations

The City of Johannesburg has disputed the valuations of four of the 14 Gupta properties, including the Gupta family properties highlighted in a recent Saturday Star report.

The paper highlighted a valuation error that seriously undervalued the Gupta family's main residence in Saxonwold, having stated that the value decreased from R16.8 million in 2008 to a mere R490 000.

Council spokesman Stan Maphologela said last night the City of Joburg had objected to 63 321 of the property valuations assigned in the 2013 valuation roll.

These objections took in other properties erroneously undervalued in the expensive Saxonwold neighbourhood.

Maphologela said the 14 Gupta properties were valued at a combined R206 920 000.

He also denied media claims of preferential treatment, saying the roll was opened for inspection between February 20 and May 3.

The city would have to, therefore, point out the undervaluation of the Gupta property within the same time frame as all its other objections, Maphologela said.

(The Star)


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