R100 farm price not to be taken at face value

AMSA (ArcelorMittal South Africa) Steel Service Centre sold the 36 ha back to Afro-Prop Natal after initially having taken possession of the whole farm to begin building a warehouse on the 5 ha while the subdivision application was being processed. Once the subdivision was approved, the steel company transferred the remaining 36 ha back to original owners, Afro-Prop Natal, for the small sum.

Read the full story in the 25 May issue of FW.