Released - 23 November 2018
1. Fourteenth Annual General Meeting, Tuesday, 27 November 2018.
We have received a number of apologies from members who will be unable to attend the forthcoming meeting and ask that, if you cannot attend, PLEASE appoint a proxy. Proxy forms are available on the website (www.breoderstroomlandclaim.co.za) under the menu item “DOWNLOAD DOCUMENTS”. The venue is Amanzingwe Bush Lodge and the time is 18h00 for 18h30. Please advise of any matters that you would like discussed and also forward your nominations for committee members. (Nomination forms are available on the website)
2. Finances/additional funding – another big loan from a member.
Following the letter (printed in the last newsletter) and loan received from Pierre Venter another member, John Franklin, has made a most generous loan to LCAG.
As the Committee has made clear in the last several public meetings, the LCAG is facing a severe financial problem caused principally by a large proportion of the membership not keeping their subscription payments up to date. I, and a few other members have contacted our immediate neighbours to encourage them to bring their affairs and accounts up to date, with some positive effect, but there still remains a large number of members in arrears and with no interest in rectifying that position. The total arrears is a staggering R875k.
Meanwhile the Committee is, at last, making very encouraging progress in bringing our claim defence to Court. However, the problem is that with these subscription arrears we may not be able to fund the projected legal costs of defending our case. The Committee is projecting a funding shortfall of around R865k by next February. That would be an appalling and tragic end to over 14 years of protracted negotiations, but that is the reality. To continue the fight we need a significant injection of funding, and we need it NOW!
At the last meeting it was agreed to change the constitution so that at the end of the process any surplus funds and any refund of expenses would be returned firstly to members who had loaned money to LCAG and secondly to paid up members, pro-rata. Members in arrears would not benefit from this distribution.
The LCAG Committee is now calling for those members who are able to, who support the cause and cannot accept the consequences of abandonment, to make a loan. I am contributing R20,000; another member has pledged R10,000. Please put your hands in your pockets NOW; contact Pedro Carvalho (Pedro@eyesalive.co.za) and arrange a transfer. We need to raise at least R865k!
The committee is most grateful to John for his faith in the cause and for his truly generous support.While very large loans, such as those from John and Pierre, are truly appreciated it is quite probable that, at the end-of-the-day, it is going to be a large number of smaller loans (one thousand, two thousand, five thousand Rand) that are hopefully going to see us through to a happy conclusion.
The above matters are updates to the recent previous newsflashes and, for clarity, should be read in conjunction with them.
As a formality I should like to record that the opinions stated above are my own and are made without prejudice to any legal or any other position that may exist insofar as the Broederstroom Land Claim is concerned.
The opinions expressed in this newsletter are my own and do not necessarily represent those of the Committee or of the appointed legal team.