A judgment terminating the lease of a shareblock scheme operating a timeshare resort in Mpumalanga means the 600-odd owners of shares in the resort will lose their investment unless there is a successful appeal against the judgment. Burchell's Bush Lodge, which is on the banks of the Sabie River, adjoining the western boundary of Kruger National Park, has been ordered to vacate the property that the scheme has rented since 2003. This is in terms of a judgment handed down in the High Court in Johannesburg late last month. The judgment states that the shareblock company's failure to submit a project plan in 2015, in respect of maintenance and repair work, constituted a breach of the lease agreement and that the landlord, Meercathoryx Property, was therefore entitled to cancel the lease. In terms of the judgment, Burchell's had to vacate the property within 14 days; this deadline expired on Friday. Nick Dickson, the chairman of Burchell's Bush Lodge, said the shareblock company would n...
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