Construction Plans
The idea to construct the stadium was born already in 2003, when the Mogale City Municipality first announced a plan to renovate the Bob van Reenen Stadium in Krugersdorp. During the past years, the Kaizer Chiefs F.C. had used no less than 9 stadiums in Johannesburg as their home venue, and they now wanted to settle down with a new permanent home venue. Thus, an agreement was reached with Mogale City Municipality, to cancel the initial renovation plan, and instead pursue the construction of a new big stadium on the site, to be used as the home venue of Kaizer Chiefs. As the team is nicknamed the Amakhosi, and because Kaizer Chiefs initially also offered to be one of the shareholders to fund the construction costs, the planned project was named Amakhosi Stadium. The property development company Lefika Emerging Equity (represented by CEO Bobby Motaung, who also work as the manager of Kaizer Chiefs), started in March 2006 to pay Mogale City Municipality for a 90 year long leasing contract of the stadium ground. In August 2006, an official stadium construction plan was announced, with Kaizer Chiefs, Mogale City Municipality, and Lefika Emerging Equity, mentioned as joint shareholders. This first official construction plan, had scheduled the new stadiums completion date for December 2008, at a total cost of R695 million.
Read more about this topic: Amakhosi Stadium
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