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Vumelana Advisory Fund

Moletele Farms South East Cluster

In 2012 the CPA asked Vumelana for support to find an investor to develop the farms. An advisory team was appointed. Four potential investment partners were identified who were already active in fruit farming and keen to expand their operations. After running a competitive bidding process which set out the desired benefits for the Association, including rental payments, equity sharing options and employment and wages, a Build-Operate-Transfer (BOT) agreement was entered into between the CPA and a private farming company. This was based on planting 115 hectares of new orchards, repairs to the bulk water supply, the replacement of irrigation infrastructure, fixed investment of just over R10 million and annual operating costs of R7 million per annum.

Vumelana Advisory Fund

Mkhambathi Nature Reserve Phase 1

Early in 2012, Vumelana appointed a team to facilitate an agreement between a tourism development company, the Mkhambati Land Trust and the ECPTA to develop properties in the northern part of the Reserve. The agreement provides that the developer will lease a portion of the Reserve, fence it and develop 110 beds at two beach locations at a cost of not less than R65m. A lease agreement for the development of the facilities have been concluded and an environmental impact assessment is under way.