{"id":228365,"date":"2026-03-24T13:34:20","date_gmt":"2026-03-24T11:34:20","guid":{"rendered":"https:\/\/southafricatoday.net\/africa-news\/north-africa\/libya\/libyas-210m-investment-in-sandton-yields-zero-benefits-for-the-north-african-nations-people\/"},"modified":"2026-03-24T13:34:20","modified_gmt":"2026-03-24T11:34:20","slug":"libyas-210m-investment-in-sandton-yields-zero-benefits-for-the-north-african-nations-people","status":"publish","type":"post","link":"https:\/\/southafricatoday.net\/africa-news\/north-africa\/libya\/libyas-210m-investment-in-sandton-yields-zero-benefits-for-the-north-african-nations-people\/","title":{"rendered":"Libya&#8217;s $210m Investment in Sandton Yields Zero Benefits for the North African Nation&#8217;s People"},"content":{"rendered":"<p><\/p>\n<div>\n<p class=\"story-body-text\" data-para-word-count=\"28\"><em>Libya&#8217;s $210m investment in The Michelangelo Hotel and other properties in Sandton has yielded nothing for its people over two decades, due to mismanagement and ongoing legal battles.<\/em><\/p>\n<p class=\"story-body-text\" data-para-word-count=\"38\">More than $210-million in real estate investments by the Libyan government in Johannesburg&#8217;s &#8220;richest square mile&#8221; have provided no visible returns for the Libyan people in more than two decades, according to The Sentry, a US-based investigative NGO.<\/p>\n<p class=\"story-body-text\" data-para-word-count=\"38\">The flagship of the state-owned Libyan Investment Authority (LIA)&#8230;<\/p>\n<\/div>\n<p><a href=\"https:\/\/allafrica.com\/stories\/202603240218.html\" target=\"_blank\" rel=\"noopener\">Read more on AllAfrica.com<\/a><br \/>\n<br \/>South Africa Today Africa \u2013 North Africa <a title=\"Libya\" href=\"https:\/\/southafricatoday.net\/africa-news\/category\/north-africa\/libya\/\">Libya<\/a> News<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Libya&#8217;s $210m investment in The Michelangelo Hotel and other properties in Sandton has yielded nothing for its people over two decades, due to mismanagement and ongoing legal battles. More than $210-million in real estate investments by the Libyan government in Johannesburg&#8217;s &#8220;richest square mile&#8221; have provided no visible returns for the Libyan people in more [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":228366,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/cdn.allafrica.com\/static\/images\/structure\/aa-logo-rgba-no-text-square.png","fifu_image_alt":"","footnotes":""},"categories":[891],"tags":[53989,258,256,4380,6481,6018,892,6649,4301,257,6732,6321,12065,254,16924],"class_list":["post-228365","post","type-post","status-publish","format-standard","has-post-thumbnail","category-libya","tag-210m","tag-africa","tag-africa-news","tag-african","tag-benefits","tag-investment","tag-libya-news","tag-libyas","tag-nations","tag-news","tag-north","tag-people","tag-sandton","tag-south-africa-today","tag-yields"],"fifu_image_url":"https:\/\/cdn.allafrica.com\/static\/images\/structure\/aa-logo-rgba-no-text-square.png","_links":{"self":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/228365","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/comments?post=228365"}],"version-history":[{"count":0,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/228365\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media\/228366"}],"wp:attachment":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media?parent=228365"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/categories?post=228365"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/tags?post=228365"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}