8. The Franchisors

The Franchisors initially began Golden Homes as a single Real Estate enterprise based in Primrose, Germiston. The Company was incorporated in 2006 with a view to the franchise once the Company was in a financial position to do so. The first Franchisees joined the Company in 2008 and the Company currently has nine Franchisees.

The Company’s registered trading name is SA Golden Homes Property Group (Pty) Ltd, registration number 2006/025547/07.

The Franchisors/Directors in the Company are David Charles van Wyk and Yvonne van Wyk, whose contact details are on the cover of this document.

The Company is registered with the Estate Agency Affairs Board and currently has no other affiliations within the Real Estate Industry.

The Franchisors have respectively been in the Real Estate Industry for thirty-plus years, giving them in excess of sixty years combined experience in the Industry. Both directors are Master Practitioners in Real Estate and have highly developed skills in the running and marketing of a Real Estate Enterprise.

The original estate agency, namely Golden Homes Primrose, began trading in January 2000 and is still a highly performing Franchise Branch within the Company.

The Directors are the officers in the Company, which employs one other employee who heads up the administration of the printing and ordering department. All other activities are handled by the Directors themselves. The bookkeeping and audits are outsourced. Some administration and secretarial work are also outsourced.

The Directors do not have and have never had, any criminal or civil actions taken against them or any of their officers.

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