The Real Estate Department
The Real Estate Department is the core business of the organisation. It has a number of sub – programmes such as Land and Asset Management, Rural Development and Traditional Council Support.
Land and Asset Management
Land Management includes tenure allocation and liaison with the communities and Traditional Councils. Asset management in this context entails the management of immovable property register amongst others. Further additional activities of this component include the following:
- Development of land management policies and implementation;
- Processing of tenure rights applications on land;
- Making inputs to various government legislation and policies dealing with land matters;
- Land surveying and Geographic Information System (GIS).
The objective of this programme is to facilitate and coordinate rural development through various community projects. These range from agricultural projects to small town developments and human settlements.
Traditional Council Support
The objective of the programme is mainly facilitating skills development to the Traditional Councils through:
- Training traditional councils on various aspects on matters pertaining to land;
- Management of bursary programme to youth in rural areas.
Securing Tenure on Trust land
Traditionally land has been held by communities through Permission to Occupy (PTO), however these PTOs were vulnerable and did not afford the necessary rights to the holder.
As a result of these shortcomings to the PTOs, the Board identified long term leases as the best possible tool for people who reside on land under Ingonyama Trust. The leases, as a legal instrument improve the quality of life of the people who in the past did not have any documentation in respect of the land that they reside on. The leases also act as a catalyst for investment and business opportunities on land under Ingonyama Trust. This is turn leads to appreciation of the land as an asset, income generation and job creation.
With a lease an individual can be able to get access to finance for the development of the land you reside in. The lease is acceptable in terms of RICA and other laws as it gives guarantee of the residence of the individual.
There is a rental payable on the lease, this rental is collected by the Ingonyama Trust Board and is allocated to that particular Traditional Council for development purposes.
How to get a lease on Ingonyama Trust Land
The turnaround time for processing of lease applications if all is in order is a period of six (6) months from the application date.
However as a result of influx of applications and resource constraints client must expect some delays in the processing of their applications.