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In the Northern Part of South Africa (north of the Soutpansberg) a Share block Scheme was developed with 50 shareholders (or co-owners / investors). The investors had various reasons for investing: 10% capital investment, 20% permanent residents and 70% holiday accommodation. The scheme is developed on a 206 hectare farm with 44 completed houses. The scheme is self managed by directors selected on an annual basis by the co-owners. The area is very conservative and in my view "verkramp".
About me
- Ernest Bessinger
- Waterpoort, Limpopo, South Africa
- Male, Married, 60 years old.