FCC terminates Equality contract

Despite mounting pressure from the councillors and members of the community, the FCC has previously, citing some legal reasons, said that it cannot easily terminate its contract with Equality.  The city council emphasised on the importance of fully understanding the terms of the contract before pushing for a termination.

According to FCC authorities, the contract was terminated for ‘lack of performance’ on the part of Equality Properties, which is owned by businessman, Norman Moleele. The council leased the market facility to Equality Properties towards the beginning of 2004. Under the lease agreement, Equality Properties was supposed to refurbish the market and turn it into a new state-of-the-art Central Business District (CBD).