PAM GOLDING PROPERTIES MCD AND MAXIMILLIAN INVESTMENTS 28

PAM GOLDING PROPERTIES (MCD) AND MAXIMILLIAN INVESTMENTS 28 AUGUST 2009 PRESENTATION BY: BRYAN TYRER PAM GOLDING PROPERTIES – MIDLANDS COMMERCIAL DIVISION IN PARTNERSHIP WITH MAXIMILLIAN INVESTMENTS

Kwa. Zulu-Natal Department of Public Works: Women in Construction & Property Summit 2009 GREETINGS WOMEN IN PARTICULAR OUR HONORABLE PREMEIR OF KZN OUR HONORABLE MEC OF KZN WORKS OUR HONORABLE MAYOR AND GREETINGS TO ALL

CHALLENGES FACING THE PROPERTY SECTOR PROPERTY OWNERSHIP 1. HISTORICALLY IT WAS RIGHT 2. TODAY IT IS THE FOUNDATION OF WEALTH CREATION BLACK PEOPLE COULD NOT OBTAIN TITLE DEEDS OR TRADE IN PROPERTIES THEREFORE EXCLUDED CREATE / ACCUMULATING WEALTH IN PRACTICE SKEWED PATTERNS OF OWNERSHIP, PARTICIPATION AND BENEFIT REMAIN DUE TO THE FOLLOWING: 1. ADMINISTRATIVE CONSTRAINTS 2. LEGAL CONSTRAINTS 3. FINANCIAL CONSTRAINTS PARTICULARLY IN UNDER-DEVELOPED AREAS

CONTINUATION 1. 2. 3. COMMERCIALLY – OWNERSHIP IS DOMINATED BY: COLLECTIVE INVESTMENTS SCHEMES PROPERTY LOAN STOCKS LISTED PROPERTY COMPANIES IN THIS SECTOR HAVE INADEQUATELY ADDRESSED EMPLOYMENT EQUITY LACK OF INVESTMENT IN SKILLS DEVELOPMENT AND COMMITMENT TO WORKPLACE TRAINING PREFERENTIAL PROCUREMENT HAS NOT BEEN IMPLEMENTED LACK OF SUSTAINABLE ENTERPRISE DEVELOPMENT SUPPORT LIMITED APPRECIATION OF PROPERTY AS A CAREER OR PROFESSION (TERTIARY) LACK OF INVESTMENT AND PROPERTY DEVELOPMENT IN UNDERDEVELOPED AREAS

OPPORTUNITIES IN PARNTERING WITH WELL ESTABLISHED COMPANIES - continued ENTERPRISE DEVELOPMENT – VUSANI PROPERTY INVESTMENT SANLAM FUNDED THE EQUITY AND NEDBACK PROVIDED THE LOAN ****RARE OCCURENCES

OPPORTUNITIES IN PARNTERING WITH WELL ESTABLISHED COMPANIES - continued 1. 2. 3. 1. 2. OWNERSHIP – THE SHABALALA PAM GOLDING JV AT BRIDGE CITY PROPERY INTELLIGENCE INFRASTRACTURE HUMAN RESOURCE SUPPORT CONTROL THESE FIRMS ARE PREPARED TO GIVE UP MAJORITY IN PERSUIT OF MEETING THE PROPERTY CHARTER ALLOWING FLEXIBITY

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