{"id":631927,"date":"2022-10-06T11:40:31","date_gmt":"2022-10-06T09:40:31","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=631927"},"modified":"2022-10-06T11:40:31","modified_gmt":"2022-10-06T09:40:31","slug":"government-is-spending-r3-million-a-month-renting-two-floors-of-office-space-in-new-york","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/property\/631927\/government-is-spending-r3-million-a-month-renting-two-floors-of-office-space-in-new-york\/","title":{"rendered":"Government is spending R3 million a month renting two floors of office space in New York"},"content":{"rendered":"<p>South Africa&#8217;s most expensive embassy is located in New York City and costs the government R2,842,000 a month (roughly R33 million a year) to operate it.<\/p>\n<p>The Department of International Relations and Cooperation in September posted a <a href=\"https:\/\/businesstech.co.za\/news\/government\/623571\/south-africas-most-expensive-foreign-residences-including-an-embassy-on-third-avenue-in-new-york\/\">list of official residencies and chanceries<\/a> that are either rented or owned wholly by the government.<\/p>\n<p>The list has faced questioning, with certain chanceries (the offices of South African embassies) coming under scrutiny. The list found that the country&#8217;s most expensive embassy is in the United States, located at 845 Third Avenue in New York.<\/p>\n<p>Rent at the building totals $160,000 a month, which in October 2022 comes to around R2.8 million.<\/p>\n<p>Answering a recent parliamentary Q&amp;A focused on the New York property, the Minister of International Relations and Cooperation, Naledi Pandor, said that the rent for the office space is due to where it is situated.<\/p>\n<p>Pandor noted that it is in close proximity to the United Nations and the transit system, which are critical considerations with regard to the accessibility and mobility of the commission&#8217;s operations.<\/p>\n<p>According to the minister, the total square footage for the two floors is 51,843 square feet &#8211; equivalent to 4,816 square meters of real estate. The offices take up both the ninth and tenth floors of the building and are the place of work for 67 employees.<\/p>\n<p>Government has <strong><a href=\"https:\/\/businesstech.co.za\/news\/government\/623571\/south-africas-most-expensive-foreign-residences-including-an-embassy-on-third-avenue-in-new-york\/\" target=\"_blank\" rel=\"noopener\">other embassies<\/a><\/strong> across the globe, including the second most expensive one in Tokyo, which costs R1.76 million, followed by a place in Geneva for R1.5 million &#8211; among others. The majority, however, are cheaper than R2 million.<\/p>\n<p><strong>US relations<\/strong><\/p>\n<p>President Cyril Ramaphosa&#8217;s most recent trip to the US was in September when he accepted an invitation to hold talks with his counterpart Joe Biden in Washington DC &#8211; the political capital of the US.<\/p>\n<p>Pandor said the president&#8217;s visit to the US provided an opportunity to strengthen bilateral relations through engagement and deepen multilateralism through the United Nations (UN).<\/p>\n<p>According to the White House&#8217;s readout of the meeting between the two, they discussed progress on several topics outlined during their initial call in April, including trade and investment and climate and energy.<\/p>\n<p>&#8220;To this end, President Biden announced the creation of a South Africa-US Investment Advisory Task Force and a planned $45 million investment toward the Just Energy Transition Partnership,&#8221; reported the White House.<\/p>\n<p>Ramaphosa&#8217;s international trip was <strong><a href=\"https:\/\/ewn.co.za\/2022\/09\/18\/calls-for-ramaphosa-to-return-to-the-country-to-address-eskom-crisis\" target=\"_blank\" rel=\"noopener\">cut short after visiting the US<\/a><\/strong> as he had to return home to address severe rolling blackouts caused by the national power utility struggling to maintain a stable electricity supply.<\/p>\n<hr \/>\n<p><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2022\/09\/845-Third-New-York.png\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-623583 aligncenter\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2022\/09\/845-Third-New-York.png\" alt=\"\" width=\"1007\" height=\"552\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2022\/09\/845-Third-New-York.png 1470w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2022\/09\/845-Third-New-York-300x164.png 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2022\/09\/845-Third-New-York-1024x561.png 1024w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2022\/09\/845-Third-New-York-768x421.png 768w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2022\/09\/845-Third-New-York-1200x658.png 1200w\" sizes=\"auto, (max-width: 1007px) 100vw, 1007px\" \/><\/a><\/p>\n<p><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-06-095333.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-631959 aligncenter\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-06-095333-e1665043054792.png\" alt=\"\" width=\"956\" height=\"668\" srcset=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-06-095333-e1665043054792.png 956w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-06-095333-e1665043054792-300x210.png 300w, https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-06-095333-e1665043054792-768x537.png 768w\" sizes=\"auto, (max-width: 956px) 100vw, 956px\" \/><\/a><\/p>\n<p><a  data-lightbox=\"post-image\" href=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-06-095315-e1665043048355.png\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-631957 aligncenter\" src=\"https:\/\/businesstech.co.za\/news\/wp-content\/uploads\/2022\/10\/Screenshot-2022-10-06-095315-e1665043048355.png\" alt=\"\" width=\"1000\" height=\"617\" \/><\/a><\/p>\n<hr \/>\n<p><strong>Read:\u00a0<a href=\"https:\/\/businesstech.co.za\/news\/finance\/631901\/double-blow-for-south-africas-middle-class\/\" target=\"_blank\" rel=\"noopener\">Double-blow for South Africa\u2019s middle-class<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Department of International Relations and Cooperation in September posted a list of official residencies and chanceries that are either rented or owned wholly by government.<\/p>\n","protected":false},"author":10,"featured_media":631955,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12755],"tags":[26],"class_list":["post-631927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property","tag-headline"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/631927","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=631927"}],"version-history":[{"count":15,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/631927\/revisions"}],"predecessor-version":[{"id":632003,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/631927\/revisions\/632003"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/631955"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=631927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=631927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=631927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}