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If you are an existing member of RCI you will
maintain your current membership number and your new weeks will be added to it.
Your annual Maintenance Fee (Levy) is paid to your
South African resort administration. You will receive an annual statement. As you will be
paying this fee in your own currency the savings are huge.
The legal basis of purchasing Timeshare in South
Africa varies and the most popular being the Share Block method in perpetuity. Shares in
the Timeshare resort transferred to the purchaser in the manner prescribed by South
African law. All Timeshare is governed by the Estate Agent's Affairs Board duly
constituted by the South African Government Estate Agent's Act 112 of 1976. There are a
number of Government Acts which contain special measures to safeguard a purchaser's
investment. See Is my Investment Protected?
Payment for South
African timeshare by overseas investors can be made by Credit
Card or by direct
deposit into Fairfields Trust Account, a bank account opened
in accordance with the South African Estate Agent's Act No 112
of 1976. See is my Investment Protected?
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