What is Immovable Assets & Overview of Foreign Assets?

Acquisition through construction, purchase, lease and acceptance of a gift outside the Republic, for use by Foreign Service

Why do we need it?

To manage and procure properties and accommodation

Vision

In support of the core values and future business direction, Asset Management uses its best effort to become a leading and dynamic market player.

Mission

Asset Management seeks to ensure a code of best practise and good governance.

Aims and objectives

To dispose of properties under its custodianship on terms and conditions that the Minister may deem fit as articulated in the legislation.

When was it developed?

In the year 1996, the President has allocated a functional mandate to the Department of Public Works to be the custodian and manager of all national governments’ and foreign immovable assets.

Any legal processes?

Following protracted discussions in the 1990’s between the Department, DICRO, National Treasury and the DPSA, the function to manage and procure properties and accommodation abroad.

Mandate

The Department of Public Works had been the historical custodian of state-owned properties in foreign countries

Where can members of the public receive documentation of this project?

Government gazette s