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R10m claim dropped as developer goes under
Cape Argus
|November 06, 2025
GEORGE Municipality has confirmed that it had to withdraw its claim for recovery costs of R10 million due to the owners, Neo Victoria Developments, being in a state of liquidation.
Questions surrounding the sale of the property and its future were also a point of concern.
The GOOD Party said it was disappointed by the municipality's decision to withdraw its nearly R10m recovery claim against the owners of the property where 34 workers were killed and 28 injured in last year’s tragic building collapse.
The municipality hit back, stating: “The George Municipality wishes to clarify recent media enquiries and public interest relating to the liquidation of Neo Victoria Developments and the municipality's withdrawal of its claim for recovery costs. The property concerned is privately owned, and as such, any disposal, sale, or use of the property remains at the sole discretion of the owner or the appointed liquidator.
The municipality added that it did not proceed with registering its claim, as the financial institution holding the bond is the preferred creditor.
Denne historien er fra November 06, 2025-utgaven av Cape Argus.
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