The Joburg Property Company (JPC), wishes to clarify recent allegations regarding the Proton House settlement agreement and the unfounded claims linking the matter to political developments within the City of Johannesburg.
JPC has noted recent public statements by former Executive Mayor Dr Mpho Phalatse and other political figures alleging that the Proton House settlement was corrupt and that funds associated with the matter were used for improper political purposes.
The entity categorically rejects these allegations.
The Proton House matter relates to a lease agreement entered into between JPC and Bertocure (Pty) Ltd, a subsidiary of Ntshwese Projects. Contrary to allegations that have been made in the public domain, the companies involved were established in 2014 and 2008 respectively and were not created shortly before the settlement was concluded.
The settlement was reached in accordance with Clause 6.3 of the lease agreement and arose from JPC's contractual obligation to reinstate the landlord's white-box specifications as stipulated in the agreement entered into by the City of Johannesburg.
For full details, download the official media release below: