Molteno hand-over of village

Molteno Brothers (Pty) Ltd, one of Elgin's oldest farming operations dating back to 1903, through its Molteno Brothers Trust, has given an entire farm village to farmworkers. The Oaks Village, comprising 106 houses and including a school, a crèche, a library, sports fields, swimming pools, a clubhouse, a church, and a retirement home, was handed over to the families who have worked on the fruit farm for up to four generations. This gave the village's 720-odd residents ownership of their homes. The deal made use of the government's R16 000 housing subsidy. The Oaks Village is now managed by a body corporate. The farm paid a monthly subsidy of R250 to residents employed by the farm and to its pensioners, to help pay electricity and other costs. The farm also paid for the teachers at the crèche. Residents will be entitled to sell their properties. To encourage residents to keep their homes, clauses stipulate that they will only personally take 100 percent of any profits after eight years, increasing on a sliding scale starting at 12,5 percent after the first year. The remainder of any profits would accrue to the body corporate, for the benefit of the community. The houses were last upgraded in 1992, all are either two- or three-bedroomed units with garages.