Question NW1340 to the Minister of Small Business Development

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08 June 2016 - NW1340

Profile picture: Chance, Mr R

Chance, Mr R to ask the Minister of Small Business Development

(a) Who are the registered owners of each Township Industrial Park under the control of the Small Enterprise Finance Agency (sefa), (b) what steps are being taken to transfer title and ownership of the specified parks to the tenants currently occupying them and (c) when does she expect that such transfers to (i) sefa and (ii) thereafter to the tenants

Reply:

(a) The properties identified to be transferred to the tenants are located in Gauteng Province. sefa’s Board of Directors has approved a resolution to transfer the ownership of the properties to qualifying tenants. The preferred tenant representative organization, Gauteng Province Industrial Parks Association (GAPIPA) and OWIPA (Orlando West Industrial Property Association) and sefa are currently in discussion to formulate and agree on the process to be followed in transferring the ownership of the properties to the existing tenants.

The Township Industrial Parks are:

Industrial Park

Registered Owner

1.

Orlando West Industrial Park

sefa

2.

Atteridgeville Industrial Park 1

Tshwane Metro

3.

Atteridgeville Industrial Park 2

Tshwane Metro

4.

Sebokeng Industrial Park 1

Business Partners Ltd.

5

Sebokeng Industrial Park 2

Business Partners Ltd.

6.

Vuka Tsoga Industrial Park

sefa

7.

Mamelodi Industrial Park 1

Tshwane Metro

8.

Mamelodi Industrial Park 2

Tshwane Metro

(b) The transferring attorneys, Kokinis Inc. are currently in the process of transferring these properties to Khula Business Premises Ltd. (100% subsidiary of sefa), where these properties will be housed.

(c) This process is anticipated to be completed by September / October this year. Once this is done, sefa will commence with negotiations for the sale of properties to the tenants. The process of transfer of ownership to the tenants is being negotiated with GAPIPA and their respective affiliates currently.

It is important to note that these properties were not designed and developed with the intention to sell to individual tenants at the time. The cost of subdivision may end up being substantial. It is for this reason that sefa is engaging with tenants representative bodies and together try and ascertain the most suitable way to transfer the properties and also ensuring that all the tenants hold equity (ownership) equivalent to the square metres and portion(s) they are occupying / renting. The recipients (tenants) of the properties will be notified of the obligations, both financially and legally, of owning a fixed commercial property.

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