By Chamwe Kaira
In line with the law, the owners of Erindi Game Reserve, Gert and Paul Joubert, have offered the government a chance to buy Namibia biggest private game reserve for N$1,3 billion.
By law, any land on sale must first be offered to the government and should the government turn down the offer, Gert Joubert said private investors will be offered the opportunity to buy the reserve.
"I have invested over N$100 million in Erindi over the last 10 years. I don't have the money to take Erindi to the next level and I am also getting old," Jourbert said in Windhoek yesterday.
"The owners are offering an opportunity to all Namibians to participate and earn commission by finding a suitable partner or purchaser. The idea is that every Namibian stands an opportunity to earn N$65 million commission," he said.
Joubert said the commission of up to five percent would be paid to the successful agent, broker or facilitator, of such a transaction.
"Terms and conditions will apply and interested parties should contact the offices of Charlie Bodenstein of Van der Westhuizen & Greef Attorneys in Otjiwarongo," he said.
Joubert said they consider the government as natural choice to purchase Erindi, to complete their portfolio of government game reserves in Namibia.
"The government lacks a game reserve like Erindi, on the central highland, strategically located between Windhoek and Swakopmund. The bio diversity of Erindi also surpasses that of any other government game reserve," he said.
Joubert said the development of Erindi as a successful private game reserve have been achieved.
He said when the decision was made to sell Erindi, the Ministry of Lands and Resettlement was approached, which advised that an offer to buy be made by Erindi to prospective buyers of which the government would have first refusal.
"We have permission from the government," he said.
He explained that, to calculate a pragmatic price, one would have to look at similar transactions in South Africa, adding that a popular game reserve in that country was recently sold for close to N$1 billion to the South African government.