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Rocktail case presentation by Anna Spenceley - The African Safari ...

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Planning & development issues:Institutional Arrangements (RBeachC(RBeachC)Rental9% turnoverIWPALessor15+5-yr BOT &transfer to IWPAWilderness <strong>Safari</strong>s (75%) +Small Business DevelopmentCompany (25%)Lessee & Developer and OperatorKwaMpukaneCommunity Trust9 members electedfrom communitySmall Business DevelopmentCompany PTYJoint venture: WS + KwaMpukane Trust50%:50%2 members WS: 2 members Trust• JV company has 2 named WS directors; 2 KMT members – but this willchange to being 2 representatives of each organisation (problems withcontinuity if Trust members re-elected annually)• Single company doing ownership and development and management• KwaMpukane effectively owns 12.5% equity; WS effectively owns 87.5%Clive Poultney

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