“The Durban Point Waterfront Management Association normally referred to as the DPWMA, is a non-profit organisation established by Durban Point Development Company in collaboration with eThekwini Municipality and the Body Corporates of properties within the Point Waterfront. DPWMA’s operation is legally bound by its registered Articles of Association (its “Constitution”). The main goal of its establishment is to manage and maintain the Point Waterfront precinct to protect the common interest and mutual benefit of the residence and stakeholders by ensuring that the precinct is a harmonic, safe and sustainable neighbouhood.
Being registered as a section 21 company, DPWMA does not have a share capital, it does not pay dividends and it does not distribute assets to its members. The Articles of Association lay down all definitions, procedures and regulations regarding the Point Precinct and as such is issued to all purchasers of property within the Point Waterfront. The Association offices are currently located at Rocpoint House, 15 Timeball Boulevard, Durban Point Waterfront.”