- Four friends were among land occupiers in the Eastern Cape
- They reached an understanding with a landowner to buy 17ha for R7million
- They devised a plan for hundreds of local residents to buy plots for as little as R40,000 each
Four friends in East London, Eastern Cape, have come up with a brilliant idea to help hundreds of local residents own land.
The friends, Buntu Nonkalela, Philasande Dotyeni, Themba Boqwana and Thando Wontoti, were among illegal land occupiers, Briefly.co.za learned.
The land they occupied belonged to Rob Pollock and his business partners. Rob reached an agreement with the friends to sell the 17ha parcel of land for R7million.
According to Times Live, the four realised they could get hundreds of local residents to buy 500m² plots for as little as R40,000 each.
This would enable local residents to own land affordably and plan towards building their own homes. At the same time, the plan would ultimately raise the R7million required.
Around 200 residents have already purchased the plots and the money is being kept in a trust. The friends have named their venture Cove Rock New Development.
One of the beneficiaries is Sazi Bakumeni, whose income disqualifies him from applying for an RDP house but is not enough for a bond.
He praised the idea and said:
I am dreaming of building my own house with my family. What these people have done is something we've been waiting for. Many of my colleagues have bought plots here as well.
One of the friends, Buntu, added:
People love what we are doing ... We will be happy, though, once the first house has been built.
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