A cooperation agreement is signed with the community setting out the basis of the relationship between the community and Vumelana.
Step 3
A transaction advisory team is contracted to structure a partnership agreement in terms of which the community makes the land available and the investor undertakes to finance and manage operations.
Step 4
The transaction advisory team procures proposals from potential investors which show how the land will be developed to create jobs, generate income, transfer skills and other benefits for community members.
Step 5
Once a partnership agreement is signed, the investor reimburses Vumelana for the costs incurred by the transaction advisory team in putting the deal together.
Step 6
Vumelana may, at its discretion, use the reimbursed funds to finance support for the Communal Property Institution for a period of up to two years.