sentences:  The property development company Lefika Emerging Equity (represented by CEO Bobby Motaung, who also works 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.