The Daily Maverick website reported that Libya’s investment, estimated at $210 million in the Sandton area, has generated virtually no meaningful benefits for the Libyan people over many years.
The report explained that Libya’s investment in the Michelangelo Hotel and several other properties in the area has failed to produce significant financial returns over two decades. This was attributed to mismanagement and ongoing legal disputes that have negatively impacted the performance of these investments.
