Fidelity snaps up Bosasa’s Krugersdorp headquarters for R14m

Employees outside African Global Operations offices in Krugersdorp in February 2019. Picture: BELINDA PHETO

“We have huge facilities we can use for the accommodation of our staff,” Fidelity CEO Wahl Bartmann said on the sidelines of the auction. “There is a lot of office space and a lot of our businesses and admin people will be moving into this area as soon as possible.”Fidelity was not deterred by the history of the property under Bosasa, which has been tainted by allegations of fraud and corruption related to government tenders.

The property was auctioned for R60m after a fierce and competitive bidding process that started at R30m. This effectively means the department has 14 days to decide if it wants to purchase the property instead.The large property was used as a mining compound before being converted into a youth development and repatriation centre. It has a workshop, a residential development containing nine buildings and a soccer field.

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