In terms of the Financial Intelligence Centre Act (‘FICA’), estate agents as they were defined in the (now repealed) Estate Agency Affairs Act, were designated as ‘accountable institutions’ and accordingly became obliged to comply with the FICA. With the coming
Read MoreAt the end of last month, Parliament passed the Sectional Titles Amendment Bill and it is now with President Ramaphosa for assent. The most important changes relate to subdivisions, consolidations and extensions of the scheme by developers in the period
Read MoreIn the Government Gazette published on 14 October 2022, the Minister of Finance increased the threshold for cash receipt reporting from R24 999 to R49 999, with effect from 14 November 2022. (Interestingly, in the 2021/2022 financial year, the FIC
Read MoreDISCONNECTING DEFAULTING SECTIONAL TITLE OWNERS’ WATER AND ELECTRICITY Lion Ridge Body Corporate v Alexander; Lion Ridge Body Corporate v Morata; Lion Ridge Body Corporate v Mukona and Another (17074/2022; 18106/2022; 19220/2022) [2022] ZAGPJHC 713 (21 September 2022) It might, on
Read MoreWe share some important industry activity with you in this Update, as follows: Developers, the property practitioners authority & the 31 October due date Property development manager average salary Re-zoning: Conveyancer’s explanations for entrants to property development Construction management profession’s
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