THE public works ministry has drafted a policy document for the Cabinet promoting the sale or co-use of military bases around the country starting from next year, Business Report said. Gugu Mazibuko, the chief director of state property holdings, said it was unclear how many bases would be sold or co-used, but the government could raise more than R1bn from the exercise. Having completed a feasibility study of 11 bases, with an estimated market value exceeding R500m, the department is waiting for a report on the remaining six, which it expects to receive later this month. The 17 bases would be used as a pilot project. Starting from early next year, the department would release about five properties onto the market for sale or alternative use, said Mazibuko. No decision has been made on how money raised is going to be used but all proceeds will go to the national treasury. – Own Correspondent