(a) At this stage the sefa board has approved the framework for the sale of the transfer to the tenants. The salient features of the framework are that the properties will be transferred to the initial group of tenants that were promised transfer of the properties.
(b) The properties will be sold at market value and will either be a cash sale or financed by sefa through an Instalment Sale Agreement over 60 months. The properties will only be transferred to tenants who carry out business activities in the Industrial Parks.
(c) The framework has been communicated to Gauteng Province Industrial Parks Association (GAPIPA) and sefa has met with the leadership to give an overview of the framework.