Mbona is registered as Share Block Company and operates within the Share Block Control Act.There are 100 shares and therefore 100 houses, each share may be syndicated to a maximum of 4 shareholders.
Mbona is governed by its Use Agreement, Mbona Code of Ethics and Management Rules and Regulations. These documents are available upon request. Each share has exclusive right to 1 acre (0.4047Ha); the house is built within this 1 acre. Shareholders have the right of use of the common property, within the rules of the governing documents.The common property consists of the grassland, forest, plantations, dams, 2 yacht moles, 2 tennis courts, stables and a small clubhouse. Mbona is run by a board consisting of 8 directors, elected by the shareholders at the AGM. Mbona undergoes an annual financial audit and these statements are approved by the shareholder body.There is a resident manager, assistant manager and a staff of 30.
Security is outsourced to Knight Security Solutions – we have a resident security manager; the main gate is manned 24/7 and regular patrols around the Reserve are undertaken.
The 2024/25 levy is R6360 pm and the current municipal rates are R1584.66 pm.
When purchasing a share, there is a Transfer Levy payable to Mbona of 2% of the purchase price.
The vision of the shareholders of the Reserve is that we should aim to create a simple rural retreat, a natural sanctuary where the shareholders, guests, and staff will enjoy, respect and preserve the Reserve’s natural beauty, flora, fauna, recreational facilities and each other’s interests.
Mbona is registered as a National Private Nature Reserve in terms of the National Environmental Management: Protected Areas Act, 2003 (Act No 57 of 2003) and our title deeds have been so endorsed. The environmental management of the Reserve is bound by the Protected Area Management Agreement we have with Ezemvelo KZN Wildlife.