Ndabeni beneficiaries should grab this opportunity or loose all

2015-04-30 13:41

It is now 19 years since the first land claim was lodged.

It carried the signature of Mr Amos Silinga on behalf of the community of Langa.

The Ndabeni Community Property Trust was registered in 1998, and the settlement agreement was signed with the government in 2001 and the trust received the title deeds to the land in February 2004.

Opportunities have come and gone, considering that the best deal for the trust would have been if the joint venture agreement with The Amdec Consortium had been realised in 2007, which would have given the trust R600 million plus 26% of the shares in a multibillion property development.

But some of the then trustees preferred to ruin that deal. Then the recession came in 2008 and 2009, none of the big property developers were interested.

A few months ago, the Master of the High Court removed Messrs Russell Kokoma, Vusi Ngwevela, Nombulelo Kwetana, Maxie Mahloane, Nomdu Siboto, Xoli Mengqane and Tsepo Mayo from the board of trustees of 2013.

During the time they held office, chose to fight among themselves for control of the trustand forgot about the beneficiaries.

The only real progress was when Silinga was chairperson.

It is the time to get things done, and those who were working and are familiar with how things should be, have made themselves available to be elected as trustees.

Vote for them at the general meeting to be held coming Sunday and there will be some progress within a few months.

Each family will receive the first pay-out within three or four months.

The time has now come to face the truth, if the trustees do not enter into a joint venture to develop the land, the City and Province will use it for low cost housing, and the value of the land will be worthless.

Because roads, electricity, water and sewage has to be built and the cost of that is more or less what each plot will be worth. For undeveloped land without rezoning and infrastructure the maximum worth is R25 to R30 million.

Each family would have got in excess of R1,500000 if the deal in 2007 had been done.

The interim trustees adopted a resolution to enter into a joint venture to develop the land. This resolution has to be approved by the general meeting.

Elect new trustees, and not those that has wasted your assets and not done anything to achieve any benefits for the beneficiaries.


.Kent Kihl, adviser for Ndabeni Communal Property Trust since 2006

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