first meeting for the establishment of the Chambers Venture Company, was
held on Wednesday 11th October, 2000 at the Community Hall in Durban North.
This will provide and drive objectives for the Chamber and its individual
members needs in their businesses and for business development.
mentioned before, within the community and Chamber there is a great and
unutilised experienced and expertise, which can be used to create a successful
venture company. To achieve this success we need to be united, willing
and participate. In the past we have only spoken about being united and
flexing our muscle as one cooperative body, however, in today's challenging
times, actions are more important than preaching in uplifting ourselves
as well as our community / chamber members.
reviewing the proposal we want to make clear that this is a base model,
which was discussed by the Committee, and we are open to suggestions to
add and improve. Everyone's contribution will be appreciated and considered.
benefits and objectives of this Venture for the members.
portfolio for stock exchange (many members have experience within this
Assistance - Bridge financing, loans
Portfolio - Syndicating purchase of offshore properties
- Business Partners
establish trade links with Greece, Cyprus and other areas of the world,
which are represented by Hellenic Communities
organise trade missions in and out of South Africa to promote trade
(e.g. USA - Annual Hellenic Trade Fairs)
the potential of acting as agents for trade into Africa through the
from the EU for SA to come via the Chamber going towards black empowerment.
are some of the benefits and objectives and your further input is requested.
following is an outline of the operational structure and running of the
name Hellenic Ventures 2000 (Pty) Ltd
members - 50
R1/share maximum of 10 000 shares per member
there is a limitation to the input of investment capital of each member,
which will be proportional to the dividend ratio of profits to each
member's investment capital. (Min = R10 000 per member)
operations to be operated by a 5 member voluntary body
additional 5 member decision making body will be selected to approve
actions of the operating body
decision making body will be demanded by industry specific, rotational
relying on drawing specialists from the members relevant to the decision
must be stressed from the beginning that the company would be formed
for the sole purpose of profit making
"levy fee" to be left to the Chamber when transactions are
to be shared annually
could be invested offshore]
to be of "Hellenic" origin
results of the first meeting - 20 members of the Greek Chamber have joined
the new venture and we look forward to the next meeting on the 24th October
2000. This will again be held at the Hellenic Community Centre in Durban
North at 7:30 for 8:00 p.m.
you require more information on this venture, kindly communicate either
with the office or with one of the members from the Executive Committee.