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L E G A C Y E X C E L L E N C E – A O G A T S H E N I I N I T I A T I V E

Property Lifestyle Stokvel, is an association- stokvel, where individuals with a common course, mindset and purpose come together, in empowering one another through property development and investment. It is also commonly known as a Property Investment Club or Crowd- Funding Property Club. Property Lifestyle Stokvel (also referred to as PLS), is mandated to assist members in purchasing, acquiring land and making investments in property(ies). The Stokvel Initiative is founded by oGatsheni Architectural Engineering (PTY) LTD, also referred to, as oGatsheni. The PLS is an autonomous body/structure of oGatsheni, which boast of exquisite, modern and sophisticated designs and buildings and with it long term of providing built environment services to its client

The Stokvel Association, shall be administrated by oGatsheni. The Administrator- President shall form, an interim structure leadership compromising of registered members of the Stokvel-Association, who shall serve for a period of 1 year until a new leadership structure is elected by registered members, guided by the founding constitution.

The Leadership/NPCW shall assist in the daily decision making and operation of the Association-STOKVEL.

The Property Lifestyle Stokvel will be guided by its constitution, laws, regulations and policies. The constitution, will cover the frame work within the Stokvel, on how it shall operate; & with the Administrator seeing to the day to day operations of the Stokvel. The Property Lifestyle Stokvel laws, policies and constitution shall be reviewed and changes will be made in consultation with members.

The Property Stokvel Administrators primary objective is to help ordinary South Africans achieve financial freedom through property investing and to also assist members to acquire & develop property.

This is achieved by providing the best possible properties, together with innovative planning solutions & wealth protection.

PLS is a property Stokvel- Association structured under oGatsheni as an autonomous body, that shall assist in building lasting wealth through growing its members property portfolios. We shall assist members to master every phase of a successful property development and investment.

This involves

The professional team assists investors to research, identify, structure, finance, acquire and manage top-performing residential investment properties.

Identifying, acquiring and managing top properties that provide above-average rental income and capital growth yields.

Empower themselves with cutting-edge financial education, tools, resources and a team of property professionals.

We are specialists in providing South African buy-to-let property investments yielding high income for our investors.

Our team shall develop strategists that will evaluate a members current position, work out a step-by-step plan, to ensure the correct property development and wealth. We will also help to find, negotiate, structure and acquire below-market value properties, either in newly-formed property structures, etc.

We shall work closely with our members to select the right property deals tailored to meet their investment requirements, to help them achieve their long-term financial objectives.

We have a very clear and detailed due diligence process that we carry out on every new property deal.

oGatsheni and/or its partners will create a deal that will assist the members to design and build a development of their choice.

All the Stokvel/associated business and accounts shall be audited by a Black - owned Auditing and Accounting firm.

As mandated, all investments will be done on the principle of diversion and all assets shall be equally bought. All members per cluster group will have a say to which area, location will they prefer their property. Properties must be within the range as per contribution.

When time approaches to register as a co-operate financial institution (CFI), we shall permanently elect a committee as prescribed by the constitution, with oGatsheni as the Administrator. There shall be a guiding principle policy for properties and assets which will be purchased. In the interim, the Stokvel- Association shall be legally deemed as a Stokvel social club - saving status.

Principle contractual agreements shall be in the form of a legal binding document that shall be covered with all parties involved. From registration to purchasing of properties and co-jointly owning of properties to transferring of title deeds, etc.

All Properties shall be developed by oGatsheni Architectural & Engineering and/or its Partners.

Purpose Aims and Objectives

The purpose of the Stokvel – Association is to

empower members with cutting-edge financial

education, tools, resources and a team of property

professionals who will support them in developing a

home and/ or land of their choice and secure an early

retirement through investing in property development

and property; either residential or commercial.

We shall also focus on providing property education,

detailed property research and quality services to our

members.

To give financial freedom in property investment and wealth.

To see members own land or property.

To uplift the previously disadvantaged and excluded societies through land ownership

Distribution of wealth through property investment and wealth.

To Provide property education, workshop and training.

To make the Stokvel – Association self sustainable.

To Promote unity amongst members.

3.1MEBERSHIP

1. To be a member; one must be a South African Citizen.

2. Be 18 years & older.

3. Have a solid and stable source of income over a prolonged period.

4. To be committed for the stipulated years

5. Registration Categories (5% of Annual contribution, these are monies for administrational and legal purposes)

6. Abide by the constitution, policies, laws and regulations of the Stokvel-Association

3.2 ORDINARY MEMBERHIP

3.2.1 As per 3.1 guideline.

3.3 SPOUSE/PARTNER (DUAL MEMBERSHIP)

Membership for a Spouse/Partner who wish to share in contributions for registration and category/ partners who would like to join separate Categories.

e.g. Category A

REGISTRATION

Member R4500

Spouse/Partner 1 R4500

R9000

PREMIUMS PAYMENT

Member R7,500.00

Spouse/Partner R7,500.00

Premiums R15,000.00

e.g. Category C & D

REGISTRATION

Member R4500 (Category C)

Spouse/Partner 1 R3,500 (Category D)

R8000

PREMIUMS PAYMENT

Member R7,500.00 Category C

Spouse/Partner R5,500.00 Category D

Premiums R13,000.00 ** Members to receive their dues on the same year regardless of allocation unless

otherwise.

3.4 FAMILY/PEER MEMBERSHIP (PACKAGES BUILD/BUY TO SELL/ BUILD /BUT TO RENT OUTZ0

3.4.1This membership is given to family members of the same clan/.

3.4.2 For registration purposes

3.4.2.1 A certified avidity needs to accompany such application- registration with supporting FICA documents of all registering members within the same family.

3.4..3 The only package that is applicable to this membership is to build to rent out or to build to sell, however should it be they want the other packages to apply, a letter should be sent to the Administrator stating reasons.

3.4.4 Members of this Cluster- Pool shall be group together.

3.4.5 A letter of motivation for such application should also be attached as a supporting document.

3.5.6 The application, form needs to be accompanies with all individual IDS, Proof of Residence, Salary Note ( If applicable), Business Registration Doc (If Applicable) and/or 3 Months Bank Statement

3 5 STOKVELS, ORGANISATION AND CHURCHES (Packages that apply FOR BUILT/BUY TO SELL OT BUY/BUT TO RENT OUT)

3.5.1 Membership is given to an organization, however they need to elect a Public representative, who will represent them in all Programme and Activities. The Organization needs to submit a letter of APPOINT FOR THE Public Representative signed by everyone,

3.5.2. A certified avidity needs to accompany such application- registration with supporting FICA documents of all registering members within the same family.

3.5..3 The only package that is applicable to this membership is to build to rent out or to build to sell, however should it be they want the other packages to apply, a letter should be sent to the Administrator stating reasons.

3.5.4 Members of this Cluster- Pool shall be group together

3.5.5 The application, form needs to be accompanies with all individual IDS, Proof of Residence, Salary Note ( If applicable), Business Registration Doc (If Applicable) and/or 3 Months Bank Statement..

3.5.3Members under this membership are also deemed as part-time members and may attend the programmes and activities when an invitation is extended.

4.1 Completion of the Application form attached with the following supporting documents:

1. Copy of ID

2. Proof of Residence (Not less than three months old)

3. Copy of bank statement confirming banking account (not less than three months old)

4. Company Registration Documents ( Business Individual)

5. Organization Letterhead (Organization Membership)

6. Proof of Income (latest available date- not older than two months)

4.2 On confirmation of application, a letter of acknowledgement will be sent to a member. Once the member is in possession of

an acknowledgement letter, a member can proceed to make payment of his/her membership-admin fee.

Year 1 =M1

2020/2021

Year 2 =M2

2021/2022

Year 3 =M3

2022/2023

Year 5 =M5

2024/2025

Year 6 =M6

2025/2026

Year 7 =M7

2026/2027

Year 4 = M4

2023/2024

Year = M8

2027/2028

8 YEARS Term (2019 – 2028) – Cluster Members will be grouped into a Category Cluster-

Pool, made of eight (8) members per pool, guided by the registered categories (A-E). Allocation

of table position and placement of the Category Cluster-Pool is guided by “FIRST COME, FIRST SERVED BASIS“ RULE, as they is no systemic formula for allocation/placement.

e.g. Category A/B/C/D /E

Cluster Durban Category 16

Members

1. Vusimuzi

2. Mabena

3. Lunga

4. Thembi

5. Zodwa

6. Gugu

7. Dudu

8. Amos

9. Leon

10. Anthony

11. Radebe

12. Menzi

13. Khumalo

14. Ndaba

15. Gijima

16. Sonto

CLUSTER DURBAN 1

CATEROGRY A/B/C/D/E

CLUSTER - POOLDURBAN 2

CATEGORY A/B/C/D/E

1. VUSIMUZI 1. MABENA

2. LUNGA 2. THEMBI

3. ZODWA 3. GUGU

4. DUDU 4. AMOS

5. LEON 5. ANTONY

6. RADEBE 6. MENZI

7. KHUMALO 7. NDABA

8. GIJIMA 8. SONTO

CLUSTER - POOL DURBAN 1

1. VUSIMUZI

2. MABENA

3. LUNGA

4. THEMBI

5. ZODWA

6. GUGU

7. DUDU

8. AMOS

MEMBER 1 MEMBER 2

MEMBER 3 MEMBER 4

e.g. Category A/B/C/D E - Durban

8 Members Registered

1. Vusimuzi

2. Mabena

3. Lunga

4. Thembi

5. Zodwa

6. Gugu

7. Dudu

8. Amos

MEMBER 5 MEMBER 6

MEMBER 7 MEMBER 8

EXAMPLE OF CLUSTER –POOL ALLOCATION/PLACEMENT

24 Members – Registered

Members

1. Vusimuzi 2. Mabena 3. Lunga 4. Thembi 5. Zodwa 6. Gugu 7. Dudu 8. Amos

9. Leon 10. Anthony 11. Radebe 12. Menzi 13. Khumalo 14. Ndaba 15. Gijima 16. Sonto

17. Lammy 18. Berry 19. Wisdom 20. Lolo 21. Kaizer 22. Mpilo 23. Sebenzi 24. Tholi

Durban Cluster Pool 1

Category A/B/C/D/E

Cluster Durban 2

Category A/B/C/D/E

Cluster Durban 2 Category A/B/C/D/E

Vusimuzi Mabena Lunga

Thembi Zodwa Gugu

Dudu Amos Leon

Anthony Radebe Menzi

Khumalo Ndaba Gijima

Sonto Lammy Berry

Wisdom Lolo Kaizer

Mpilo Sebenzi Tholi

MEMBER 1 MEMBER 2

MEMBER 3 MEMBER 4

MEMBER 5 MEMBER 6

MEMBER 7 MEMBER 8

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1. On the formation of the cluster groups, it is the prerogative of the Administrator (oGatsheni) in grouping and allocating of members as per registration. (members would in some instances be grouped regionally as the traditional laws may dictate that only locals have access/right to land where it is leased by the local traditional authorities)

2. no member shall have the right to formation and allocation of cluster group(s).

3. Grouping is based on “FIRST REGISTRATION, FIRST SERVED, FIRST PLACED” RULE.

4. Groupings will be guided by members information and members shall be grouped as per province and city.

5. A member has the right to appeal such a decision. A member will need to write and email a letter to the Administrator (oGatsheni). The letter should be titled “cluster group dispute allocation” should he/she feel not properly placed/accommodated.

6. A member who disputes the second response from the Administrator, can then direct his/her letter to the SG of the Stokvel.

7. All grouping shall be as per category registered.

8. Only special cluster shall have relaxed laws to groupings and allocation.

9. Cluster - Groups shall have their own representation.

10. A Allocation list shall be sent to all member, such list will be revised from time to time.

GROUP OF 8 – CATEGORY A -D

Category A: R15,000.00

Category B: R10,000.00

Category C: R7,500.00

Category D: R5,500.00

Category E: R3,500.00

** Categories A-E determines the monthly premiums that a member shall pay monthly for a period of 9 years.

To match the value of the 1st property to the 8th property, the premiums are subjected to an increase based

on the inflation percentage or a percentage (%) as decided by the National Property Assembly.

A member shall not be warranted to change his/her category for a period of nine (9) years. Unless in a

period for upgrade/downgrade, which shall only be declared by the Administrators office.

TOP UP OPTIONS DESCRIPTION

TOP UP LAND (Already

Existing)excluding the Chiefs Land,

Traditional Land also known as PTO

This option is only applicable to members, who wishes to for their HOUSE to be built

to his/her already existing land as a TOP UP OPTION. A member who goes with this

option, will need to get into an agreement with members in his/her Category Cluster-

Pool a MOU drafted by both parting, leasing his/her land to his Cluster- pool for a

period of 9 years.

LAND TO TOP UP This option only applies to a member who wishes to stay in a better suburban area

or

MONEY TO UP

This Option is applicable to a member who wish to stay in a up market area/site or a

member who wishes to to add more rooms to his/her Standard Architectural Plan as

per his/her Category.

UPGRADE/DOWNGRADE A Member may upgrade his/her Category to a different when the Administrators

Office declares the floor – crossing window

SPECIAL CLUSTER GROUPINGS (Special projects) 1. The Medics - (Medical Practitioners, Dentist, Pharmacist, etc.)

2. Companies & Businesses

3. International (diaspora) – ( South Africans Living Abroad)

4. Soccer and Artists Cluster

5. Families and Friends

6. Organization and Churches

7. Tribal Land allocated homes/properties

** These Clusters are to accommodate members who wish to be grouped within such special groups to enhance their common

goal in achieving the primary goal as set by the Ultimatum vision of the Stokvel-Association.

CATEGORY AMOUNTS

(PER MONTH)

MONTHS ANNUAL

(CONTRIBUTION PER

MEMBER)

MEMBERSHIP-ADMIN FEE IS

CALCULATED

@ 8.5% PER ANNUAL FEE

A R15,000.00 X 12 R180,000.00 R15,300.00

B R10,000.00 X 12 R120,000.00 R10,200.00

C R7,500.00 X 12 R90,000.00 R7,650.00

D R5,500.00 X 12 R66,000.00 R5,610.00

E R3,500.00 X 12 R42,000.00 R3,570.00

***Registration fees/ Administrational fees are at a 8.5% calculation base, which is based on the total annual contribution. services of a member and

administrative assistance or services shall be based as per admin fee percentage contribution.

CATEGORY AMOUNTS

(PER MONTH)

MONTHS ANNUAL

(CONTRIBUTION PER

MEMBER)

A R15,000.00 X 12 R180,000.00

B R10,000.00 X 12 R120,000.00

C R7,500.00 X 12 R90,000.00

D R5,500.00 X 12 R66,000.00

E R3,500.00 X 12 R42,000.00

Category Amounts

(per month)

Months Annual

(Contribution per

Member)

Group of 8 Annual Contribution

(House Range)

A R15,000.00 X 12 R180,000.00 8 R1,440,000.00

B R10,000.00 X 12 R120,000.00 8 R960,000.00

C R7,500.00 X 12 R90,000.00 8 R720,000.00

D R5,500.00 X 12 R66,000.00 8 R528,000.00

E R3,500.00 X 12 R42,000.00 8 R336,000.00

Category A: R1,440,000.00 (200 sqm -250 sqm)

Category B: R960,000.00 (150 sqm – 200 sqm)

Category C: R720,000.00 (100 sqm – 170 sqm)

Category D: R528,000.00 (50 sqm – 150 sqm)

Category E: R336,000.00 ( 50 sqm – 100 sqm)

** As per cluster grouping, a member shall develop, acquire land or property as per category range and contribution. All

properties shall be co-owned by the 8 members until the 9th year and on the end of the 9th year, the Cluster- groups shall be

dissolved should they not have any shares in other property schemes. All properties shall be transferred to their rightful owner

as per grouping allocation in position.

****Property ranges as per contribution shall increase annually based on the premium increment fee structure which

shall be determined by an inflation percentage or percentage agreed by the Peoples Assembly (AGM)

DESCRIPTION SINGLE STORY

– 3 BEEDROOM

SINGLE

STOREY – 4

BEDROOM

DOUBLE

STOREY - 3

BEDROOM

DOUBLE

STOREY – 4

BEDROOM

LAND R440,000.00

R350,000.00

R300,000 – R250,000 –

BUILDING FEE R1,000,000.00

(R1M)

R1,100,000.00

(R1,1M)

R1,150,000.00

(R1,15M)

R1,200,000.00

(R1,2M)

RATES & LEVY Cluster Pool to

pay

Cluster Pool to

pay

Cluster Pool to

pay

Cluster Pool to

pay

WATER AND

ELECTRICITY

Occupant/

Cluster Pool

Occupant/

Cluster Pool

Occupant/

Cluster Pool

Occupant/

Cluster Pool

PRICE RANGE: R1,400,000.00 (R1,4M)

** Price Range are Adjustable annually based on an inflation percentage or a percentage agreed by

members at the Property Assembly (AGM) annually.

TOP UP for flat/ concrete Roofs, an additional rooms and/or complex Architectural designs (Option)

** Should a member wish to develop in an up-market area, he/she has the right to

Top up by any amount.

Artist Impression - Credits: Design (Porch decking, landscaping

and driveway not included


– 3

BEEDROOM

SINGLE

STOREY – 4

BEDROOM

DOUBLE

STOREY - 3

BEDROOM

DOUBLE

STOREY – 4

BEDROOM

LAND R450,000.00

R350,000.00

R300,000 – TOP UP

OPTION

BUILDING FEE R550,000.00 R600,000.00 R650,000.00 TOP UP

OPTION


pay

Cluster Pool to

pay

Cluster Pool to

pay

TOP UP

OPTION

WATER AND

ELECTRICITY

Occupant/

Cluster Pool

Occupant/

Cluster Pool

Occupant/

Cluster Pool

TOP UP

OPTION

PRICE RANGE: R960,000.00 (R960K)

** Price Range are Adjustable annually based on an inflation percentage or a percentage agreed on

at the Property Assembly (AGM) annually.


** ** Should a member wish to develop in an up-market area, he/she

has the right to Top up by any amount.




– 3

BEEDROOM

SINGLE

STOREY – 4

BEDROOM

DOUBLE

STOREY - 3

BEDROOM

DOUBLE

STOREY – 4

BEDROOM

LAND R300,000.00

R200,000.00

N/A N/A

BUILDING FEE R450,000.00 R550,000.00 N/A N/A


pay

Cluster Pool to

pay

N/A N/A

WATER AND

ELECTRICITY

Occupant/

Cluster Pool

Occupant/

Cluster Pool

N/A N/A

PRICE RANGE R7,200.00 **Adjustable by inflation percentage/percentage agreed on @ Property

Assembly (AGM) annually


** ** Should a member wish to develop in an up-market area,

he/she has the right to

Top up by any amount.




– 2

BEEDROOM

SINGLE

STOREY – 3

BEDROOM

DOUBLE

STOREY - 3

BEDROOM

DOUBLE

STOREY – 4

BEDROOM

LAND R250,000.00

R200,000.00

N/A N/A

BUILDING FEE R250,000.00 R300,000.00 N/A N/A


pay

Cluster Pool to

pay

N/A N/A

WATER AND

ELECTRICITY

Occupant/

Cluster Pool

Occupant/

Cluster Pool

N/A N/A

PRICE RANGE R1,400,000.00 R1.4M **Adjustable by inflation percentage/percentage agreed on @

Property Assembly (AGM) annually


**




– 1

BEEDROOM

SINGLE

STOREY – 4

BEDROOM

DOUBLE

STOREY - 3

BEDROOM

DOUBLE

STOREY – 4

BEDROOM

LAND N/A

N/A

N/A N/A

BUILDING

/BUYING

FEE

R320,000.00 N/A N/A N/A


pay

N/A N/A N/A

WATER AND

ELECTRICITY

Occupant/

Cluster Pool

N/A N/A N/A

PRICE RANGE R320,00.00 (RR320K)

**Adjustable by inflation percentage (%) agreed on @ Property Assembly (AGM) annually


** Members in this Category may Land Top Up or

Top Up with money to add rooms.



Artist Impression Credits: Design

14.1 Land is only provided for Category A – C, Members of Category

D- E can either provide their own land or advise of a land on a

market value that is to their range. Members of category A – E can

also use the “TOP UP” option.

14.2 The Chief Agent Officer/Real Estate Agent Office and his/her

team shall release a short list of sites/land that is to their preference,

and the member shall have 14 days to advise the office, so an offer

can be placed.

14.3 Members my choose or select an area/site that is to their range

within their contributions.

1. BUY/PURCHASE TO OCCUPY Should the receipted choose this option and advise to occupy the property purchased on his/her behalf but co-owned by the

cluster group, he/she will pay rent money (discounted rate) for the period of 9 years to the cluster group, which is also referred

to as RENT TAX (as a member should not pay rent that would be to a market value). A member will have to pay a lower rent

(rent tax). The amount of money (rent tax) shall be determined by the cluster group and approved by the Administrator. The rent

tax shall be equally distributed to all 8 members within the cluster group.

.

E.G FOR RENT TAX – CO-OWNERS

STANDARD -NORMAL RENT R6,000.00

“RENT TAX” – (Discounted Rent which is guided by

the area market rent)

R3,000.00

MEMBERS ( 8 IN THE POOL) EQUALY DIVIDES

R3,000.00 / 8 = R375 each

MEMBER DUE R375 each

** Levies and rates affairs are to be covered by the member

2. BUY/PURCHASE TO RENT OUT A recipient shall guide his cluster group members, of his/her intentions, should he/she choose this option, the members shall

seek services to rent out the place and all rental incomes shall .

E.G FOR RENTAL INCOME – CO-OWNERS


MEMBER DUE 50% TO MEMBER WHO CHOOSE

THIS OPTION

R3,000.00

50% RENTAL TAX IS DISTRIBUTED FAIR AMONST

MEMBERS

R3,000.00

MEMBER DUE R3.375.00


3. BUILD TO SELL (with members in different packages) Should the due recipient go with this option or cluster- group, they shall seek the oGatsheni services as the developer or

Partner services (Administrator approval) to develop such property and then an in-house Estate Agent shall find a buyer. On the

sale of such development the profits made shall be equally distributed to all group members.

E.G BUILT TO SELL -PROFIT– CO-OWNERS

BUILT FOR R1,400,000.00

“SOLD FOR R2,400,000.00

PROFIT R1,000,000.00

60% Profits goes to member due R600,000.00

40& Profits is shared equally amongst the pool of 8

members

R400,000.00

All member receiver R50,000.00

MEMBER DUE R650,000.00

When all members receive their Title Deeds R1,4000.00 (Will be paid to the member)

3. BUILD TO SELL (Same special Cluster Package) Should the due recipient go with this option or cluster- group, they shall seek the oGatsheni services as the developer or

Partner services (Administrator approval) to develop such property and then an in-house Estate Agent shall find a buyer. On the

sale of such development the profits made shall be equally distributed to all group members.


E.G BUILT TO SELL -PROFIT– CO-OWNERS

BUILT FOR R1,400,000.00

“SOLD FOR R2,400,000.00

PROFIT R1,000,000.00

All members receive R125,000.00

Member Due R125,000.00

When all members shall either have an option to rebuild

or use their profits to build a second house.

R1,4000.00 (Will be paid to the member on the 9th year)

4. BUILD TO RENT OUT Should the due receipting go with this option or cluster- group, they shall seek the oGatsheni services as the developer or

Partner services (Administrator approval) to develop such property and then an in-house Estate Agent shall

Find tenants to let. Income Rental fees shall be equally distributed to all group members.

E.G FOR RENT TAX – CO-OWNERS


MEMBER DUE TAKES 50% R3,000.00

MEMBERS ( 8 IN THE POOL) EQUALY DIVIDES R3,000.00

MEMBERS ( 8 IN THE POOL)

R375 each

MEMBER DUE R3,375.00

Purchase Land to Develop Should a recipient wish to use the funds due to his/her intentions to purchase land, the land shall be co-owned and the

recipient should have a plan for such land within the period of 2 years.

NOTE – No money will assist a member to pay an existing bond or renovate any existing properties. All monies shall

not go to an existing agreement or property registered under the sole member.

http://dev.igrow.co.za/services/trusts/

Property Education and Seminars

The Stokvel-Association shall organize seminars, workshops and educational platforms for Property Development and

wealth. Our support team/Leaders shall advise members of upcoming training and educational seminars and resources such

as books, checklists, etc. so you can grow your knowledge and expertise as a professional property investor.

They shall be taught how to successfully, intelligently and profitably invest in property and build a sustainable, tax free

portfolio. Sharing of secrets of the most wealthiest property entrepreneurs and how they acquired multi-million property

portfolios with other people’s money (OPM) and how you can do it too.

We shall equip our members with the necessary tools, knowledge and peace of mind for how cluster group can make

business and make property their retirement savings.

16.1 For the first year (2018) contributions all members

premium payments contributions, shall be saved in the

Stokvel-Association account. Which shall also be

referred too, as an Guarantee – Investment Account. The

Administrator and National Property Working Committee

will be tasked to propose strategies of making the funds

have interests and the Stokvel-Association making

money to be self sustainable.

16.2 Proposed Options

A. 1. Mini Estate – Members will qualify to be

shareholders of the Mini Estate , shares will be

distributed as per their contributions

B. 2. Internal Bank (CFI)

C. 3. Investment Options

• Proposals of how the Guarantee account shall be

used, will be presented by the leadership and

resolutions will be taken during the

November/December NATIONAL PROPERTY

ASSEMBLY “AGM”

50 luxury Rooms 10 x Bachelor Pads 10 x 1 Bedrooms 10 x 2 Bedroom 20 x 3 Bedrooms 3/5 Stokvel Members

Vocational/Holiday Home. (Guest House) Club House 2 x Offices Boardroom Lounge Gym 2 x Restaurant Business Hub

Services due to the membership body

1. Free PROPERTY CONSULTATIONS

2. Discounted PROFESSIONAL FEES

3. Discounted oGATSHENI turnkey services (Architectural Plan, developments and services)

4. Discounted building costs and evaluation

5. Assistance in property search and acquiring

6. Discounted legal fees – Admin % BASED on a member as per contributing

7. Pre-launch access to NEW DEVELOPMENTS

8. Discounted TRUST ACCOUNTING FEES

9. Consultations with in-house service providers

• members have exclusive access and FREE consultations with oGatsheni accredited service providers/partners,

including Trust experts, financing strategists, tax specialists, financial advisors, rental agents, as well as estate

agents and property consultants.

10. Property acquisition strategy

• Our specialists will help you with a holistic property strategy and plan; tailor-made to your cash flow, affordability,

current exposure and END goal.

11. Access to list of auction/distressed and below market value properties

• You will get the opportunity to buy properties for up to a % below current market value, and

enjoy oGatsheni exclusive turnkey service of proper due diligence, acquiring, financing and selling.

12. Customized financing strategy

• Our specialists will help you formulate a VERY unique tailor-made financing strategy, property

acquisition strategy that will substantially increase your financing capacity and potential.

1. Discounted oGatsheni Architectural and Construction services

2. Assistance of oGatsheni/Stokvel Partners and Support Services

3. Shall be assisted with house evaluation

4. Home Value Assistance

5. Assistance in Legal fees

6. A member shall get legal subsidy as per % contribution

7. Consultations with oGatsheni service provider(s).

• members have exclusive access and FREE consultations with oGatsheni and Partners plus accredited service

providers, including trust experts, financing strategists, tax specialists, financial advisors, rental agents, as well as estate

agents and property consultants.

8. New developments Pre-launch access.

• Gain exclusive and first view options to pre-launch opportunities. These properties give members access to the best

properties at the best prices and locations in a particular development.

9. Property Acquisition & Financing Strategy.

• Our specialists will help you with a holistic property strategy and plan tailor-made to your cash flow, affordability, current

exposure and end goal. This includes a unique tailor-made financing strategy that will substantially increase your

financing capacity and potential.

oGatsheni Partners team consists of:

1. Architects

2. Quantity Surveyor

3. Landscapers

4. Builders/Contractors and Trades man

5. Real estates

6. Property Developers

7. Property investment strategists

8. Property management specialists and letting agents

9. Trust attorneys

10. Conveyancing attorneys

11. Financial planners (authorized and accredited financial advisors)

12. Financing strategists

13. Chartered accountants and tax accountants

14. Events and Promotions company

15. Branding and Marketing company & many more

**In Awarding business to partners a Rotational System shall apply.

(All partners shall be Registered and Approved by the Administrator and/or Executive board and NPWC )

1. Work with our expert team

• Our team of experts shall assist and support members.

2. Property and Wealth

• oGatsheni has negotiated for many Client property opportunities below their market value and

shall also continue working with its partners to negotiate on behalf of its members. These rental

properties are in demand and shall provide members with high capital growth. We shall work

closely with our members in selecting the right property deals that are tailored to meet your

investment requirements and help to achieve long-term financial objectives.

3. Legal Team

• Each of our specialized legal teams delivers impeccable service in their own field of law. The

number of experts in each team ensures that it is richly resourced and able to deliver close and

personal services to each property club member. The legal team will assist with the formulation of

a dual trust structure and also act as independent trustee, as required by legislation. Our legal

team offers comprehensive advice on estate planning, the drafting of wills and all aspects of trust

administration.

4. Accounting Team

• Once Members have established the trust set-up it is of utmost importance to appoint a

professional trust accountant to manage the trust's accounting aspects. SARS will require income

tax returns at the end of each financial year. It is important that precise bookkeeping is

executed from the outset, as trust accounts must show all assets held. Accurate and

orderly sets of books will ensure that no doubt exists about the ownership of the trust’s assets in the event that a member comes under attack from creditors.

6. Conveyancing Attorneys

Our conveyancing (transfer) attorneys offer full support throughout the process of finalizing the transfer of a property

to a member, and closely monitor the conveyancing process from start to finish.

oGatsheni shall negotiate large discounts on conveyancing (transferring) fees for members.

Letting Rentals Agents - Conducting credit checks, drawing up leases, inspections each time a new tenant

vacates, rent collection etc... The admin involved in rental management does not suit all investors, although some

might consider that it would be a good experience to let their properties themselves. oGatsheni cautions investors to

follow this strategy only after due consideration and having conducted extensive research beforehand to gain a full

understanding of the entire process.

oGatsheni believes that members' time is more valuable, and so advises them to leave these very important

functions in the administration of a property portfolio to a capable letting agent who has the necessary resources,

manpower and expertise at hand.

Accounting and Trusts

services:

• Advise clients on all aspects of trust, company and property law;

• Attend to the drafting of Wills;

• Submit annual returns for companies

• Attend to the drafting and lodging of trust registration documents;

• Attend to the drafting and lodging of company registration documents

(Private Companies and NGO’s / PBO’s)

**More oGatsheni & Partner services to be added

• **A member or cluster – pool group shall cover the following costs towards the property.

1. Rental insurance

2. Transfer tax

3. Tax expenses

4. Water & Electricity

5. Rates and Levies

6. (other member costs to be covered as per transfer or insurance will be further updated, or added within the next

updated/revised guideline document)

20.1 Cancellation of Membership

Our membership/administrational fee is 100% risk free. If you're not happy with our Stokvel – Association for any

reason, simply let our friendly support team know (via email) and we will happily refund your money within 30 day

from registration, however after 30 days after registration no money will be refunded.

20.2 Retrenchment

20.2.1 Incase of retrenchment, a member/benefactor will decide on either to continue or withdraw his membership. On his/her

withdrawal, a 75% of his/her contributions will be refunded to the member.

20.2.2 NPWC will look at an insurance that will cover a member in terms of retrenchment of which this may affect members

premiums should they take a policy that will cover their retrenchment or death.

20.3 Death

20.3.1 In case of death, the law that governs how a deceases estate is wound up will also govern one as a member; it will be

up to a members last will and testament, if a member has one. If a member does not have a last will and testament, or a Letter

of Wishes, legal advisors will assist in terms of the next kin. (evidence of death, such as a death certificate should be produced).

20.3.2 The membership of a member who has died may in terms of this terms of this clause be transferred to a member of that

deceased members family or another person appointed by the executor of the deceased members estate subject to the

approval of the Administrator and/or Executive Board of the proposed transferee. In the event of such transfer not taking place

the membership of the deceased member shall be terminated by the resolution of the Administrator or Executive Board

And 100% contributions will be paid out to the member. A member will be paid out

20.3.3 20.2.2 NPWC will look at an insurance that will cover a member in terms of retrenchment of which this may

affect members premiums should they take a policy that will cover their retrenchment or death.

Cancellation

1. • A Member has to notify Stokvel-Association of his/her intention to cancel, 30 days before cancelling his/hermembership, which

entails that a pro-rata premium could be collected at the next collection date. Scenario: Should a member his membership on

the 7th of a month, the cancellation will be effective from the 7th of the following month.

2. • Stokvel-Association may cancel your membership by giving a 30 days' notice. Stokvel-Association may give a notice orally, by

email, fax or post to a members address..

3. • Stokvel-Association will cancel a members membership with immediate effect should a member, anyone covered under

policy or anyone acting on his/her behalf fails to comply with Stokvel - Association's reasonable instructions or requests,

commit fraud or is found to be dishonest in any relation.

4. • If a member does not pay his monthly premium for 3 months in a row; his membership will cancel automatically from midnight on the last day for which premium/membership contribution should have been received and a member shall forfeit his/her

contribution.

5. • A members membership will automatically be cancel should his/Her annual membership fee/contribution not be paid on the

collection date or on the date after the grace period has lapsed.

6. Refunds in the event of cancellation If a premium has been paid for any period beyond the date of cancellation of an insured

item or this policy, Stokvel-Association will refund 40% - 70% of contribution/payments as guided by the table below. Any

administrative costs, shall also be deducted.

.

NOTE: Other clauses are covered in the Principle Contractual Agreement Contract, that shall serve as the final legal

binding document of the Stokvel. A member has 14 days to sign his contract after registration.. - PRINCIPLE

CONTRACTUAL AGREEMENT CONTRACT, TO BE ISSUED TO ONLY REGISTERED MEMBERS.

Year Refunds

1 Year 1 - 5 40%

2 Year 5-7 60%

3 Year 7-8 70%

Payments - pay premium

A member will pay every month and no later than the 7th day of a new month.

Members who have not paid membership/registration/admin fee shall not be deemed as members of the Stokvel.

A member MUST NOT MIX his/her registration/administration fee with his/her premiums. Should a member mix payments or pay into the wrong account, they will be charged administration fees.

A member MUST NOT MAKE PAYMENT TO ANY PERSON/LEADERSHIP but should directly make payment to the Stokvel account.

A member should always produce proof of payment at all times. Members should scan and email the proof of payment to the PLS official email address – [email protected].

A member shall have the option to pay once off, quarterly, half-yearly etc.,

A member who fails to pay due to financial issues should write a letter to the Treasures office.

The treasure will grant the member a three months grace period.

Should a member fail to make payment within the grace period he has the option to either seek an extra month grace period or withdraw from the club.

If a member withdraws due to failure to make payment he/she is deemed to lose 30% of his contributions.

Contribution will increase by a percentage based on inflation rate and members shall vote and agree upon the % based on inflation at every National Property Assembly “AGM”

Premiums which is noted and missed, is due and must be paid in advance monthly or annually.

It is upon the member to make arrangements on the method of payments.

Grace period to pay premium

If Stokvel-Association does not receive my premium on the collection date, I will not have any cover for the period for which I did not pay.

Penalties & Levies

R200.00 late payments After the 7th of each month, late payment charges will be effectives

R 150.00 Payments paid into the wrong account

R50.00 for members who use incorrect reference number

mailto:[email protected]

The bank account ,will temporary be held under 903 Prestige Stokvel Club, a club that has been in existed for

6 years and which banks with Standard bank. It will be a parallel structure to the property lifestyle Stokvel

even though the Property Stokvel is an autonomous body. 903 Prestige Club is a Stokvel that is

Administrated and Chaired by Mhlekazi Andile Siyabonga Ndhlovu ,who is the Director of oGatsheni

Architectural & Engineering. The Property Stokvel, shall be mandated within 6 months of operation to open a

Trust Fund/Bank Account (pending). During the process to finalize the Property Stokvel Trust Fund/ Bank

Account; all premium monies will be paid to Standard Bank, 903 Prestige Account - once a Trust Fund / Bank

Account has been opened and is operating, all premium monies will be transferred from 903 Prestige Account

to the Property Lifestyle Stokvel Trust Fund / Bank Account. The account signiturious will be disclosed to all

members.

No Premium money, should be paid to the oGatsheni and Architectural account,. oGatsheni ,shall ONLY

accept membership/ registration/administration fees, as it will serve as the administrational fees to assist

in the daily operations, administering and functioning of the office. oGatsheni as the Administrator is entrusted

with the functioning of the Stokvel and shall be accountable to the treasure

Reg/Membership fee

Account

Premiums as per

Category Account

Banking Details

Bank Name: Standard Bank

Account Holder/Name: 903

Prestige Club

Account Number: 056448511

Branch Name: Universal

Branch Code: 051001

Ref: PLSYA & Membership

Number: e.g. PLSYA

(Membership Number)

Banking Details

Bank Name: FNB

Account Holder/Name: oGatsheni Architectural & Engineering

Account Number: 62701481525

Branch Name: Davenport

Branch Code: 250655

Ref: PLSYA, Initials & Surname & Date of Birth: e.g. PLSYA REG K.A Dladla 13-07-1971 or Membership Number

FOLLOW OUR SOCIAL PAGES

CELLPHONE 1: 067 001 3113/0659813227 (OFFICE) – HELP DESK (SMS/WHATSAPP)

CELLPHONE 2: 0671698610 – ENQURIES FOR REGISTRATION ,

CONFIRMATION LETTER/ CONTRACTS

CELLPHONE 2: 061485 2523 (WHATSAPP ONLY IN CASE OF EMERGNCY)

EMAIL: [email protected]

SOCIAL MEDIA: @propertylifestylesa

WEBISTE: www.ogatsheni.co.za

ADDRESS: 78 Field CBD

78 Joe Slovo Street

Durban

4001

mailto:[email protected]

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