Boesmanland Beleggings Beperk, as the company was previously called, was formed in 1963 with shares of R250 000. The promoters were businessmen of the north-west . According to the statutes of the company, the maximum shares acquired were 1000 per shareholder with a deposit of 10% and the remainder payable in 9 instalments. It has always been an important cornerstone of TerraSan's philosophy that no individual shareholder will own more than 3% of the company's issued share capital.