Visual International Holdings handed out over 240 shareholding certificates in the school hall of the Kuils River Technical High School this evening (Tuesday, June 3) to members of the Highbury community, which is a neighbouring community of Stellendale in Kuils River, one of Cape Town’s Northern Suburbs.
The Kuils River community initiative is Visual’s way of giving back to the community it has been working in, with each certificate worth around R5 000. This equates to more than 2.5 million shares valued at more than R1.25m.
In order for this initiative to have maximum impact, Visual consulted with the local Highbury Association to help select the recipients which include individuals, local sport clubs, crèches and other associations.
Charles Robertson, Visual International Holdings CEO, comments: “This initiative serves as a part of our commitment to the communities in which we operate. It’s a goodwill gesture, a move that we believe to be good business practice – nothing more, nothing less. It will also build investor confidence at a grassroots level.”
Furthermore, the event served as a celebration of Visual’s recent listing on the JSE AltX. Visual’s shares were issued at 50 cents each. And during the eight days since listing on 23 May, the shares traded lively with prices generally ranging from 55 cents to R1. On one of these trading days, Visual was in the “top 3 big movers up” on the JSE.
The issuance of these shares honours the many people involved in the Kuils River community and in Visual’s Stellendale Village since its inception 10 years ago, and Visual’s business roots in this community which go back over 20 years.
Stellendale is a 22 hectare mixed-use residential suburb in Kuils River, Cape Town and will ultimately provide some 1,500 homes to middle-income households when completed. Visual has already developed 440 homes here, with a further 63 under construction. Visual plans to unlock further phases of development here, including 1,000 residential opportunities, and an integrated retirement estate.
Dr Ruben Richards, CEO of the esteemed Cape Chamber of Commerce and Chairman of Visual, was the keynote speaker at the event where he shared his vision of how to change the business landscape of the Western Cape.
“Dr Richards is well known as a leader who ensures that his organisations conform to high standards of integrity, profitability and compliance. He has a long track record to prove it,” says Robertson.
Visual is a property development, holdings and services company that develops complete, self-contained suburbs for the middle-income market. Visual’s mainly residential property investment is focused on this, the fastest growing property segment in South Africa.
“Our JSE AltX listing was a major milestone for Visual. We are extremely proud to have achieved this goal and this community initiative is just our way of extending our sincere appreciation to some of the many people who have encouraged, advised and supported us along this incredible journey,” says Robertson.
At the same time, Visual’s community initiative gives, free of charge, the benefits of property investment to many individuals and organisations who would not otherwise have had access to the advantages of property ownership.