Earlier this afternoon, the Monetary Policy Committee of the South African Reserve Bank (‘SARB’) convened its sixth and final meeting of 2024. As widely predicted by economic analysts and major financial institutions, SARB elected to lower the repurchase rate (‘repo
Read MoreThe Western Cape Deeds Registry: Cape Town has provisionally confirmed its December-January arrangements in anticipation of its closure over the festive season. According to a draft notice, please note the following provisional dates for matters lodged at the Western Cape
Read MoreDesigned to enhance transparency of the regulatory regime governing the beneficial ownership of trusts, the Trust Property Control Act (‘the Act’) and its Regulations were amended in 2023 to facilitate the introduction of progressive reporting mechanisms. Resultantly, trustees are statutorily
Read MoreLast month, the Minister of Land Reform and Rural Development published an amendment to the names of the country’s eleven Deeds Registries, pursuant to section 1(1)(a)(iii) of the Deeds Registries Act. The amendment took effect on Thursday, 10th October 2024.
Read MoreIndisputably, organising a wedding is a time of great excitement and celebration. However, it also offers an ideal opportunity to safeguard one’s assets and financial future through careful planning. To that end, an antenuptial contract (‘an ANC’) is a valuable
Read MoreAn essential aspect of the rental market, a lease agreement expressly regulates the legal relationship between a landlord and tenant by specifying the terms and conditions of the leasing arrangement. A fixed-term lease stipulates the agreed date on which a
Read MoreLast week, the Office of the Chief Registrar of Deeds published the Registrars’ Conference Resolutions 2024 (‘the Resolutions’ or ‘the RCRs’) following a conference to discuss contentious procedural issues affecting Deeds Office practice. Essential to the accurate drafting of deeds
Read MoreLast Friday, the Department of Justice and Constitutional Development, in collaboration with the Social Justice Foundation, concluded a Memorandum of Understanding (‘MoU’) with the Consumer Profile Bureau to blacklist parents who default on their child maintenance payments. According to research
Read MoreEarlier this afternoon, the Minister of Finance, Enoch Godongwana, tabled the much anticipated Medium-Term Budget Policy Statement (‘the MTBPS’) in Cape Town. Characterised as the ‘mini-budget’, the MTBPS plays an indispensable role in the budgetary process by establishing the policy
Read MoreUnder South African law, the legal effect of any sale, including the disposal of immovable property, is that the risk of loss, damage, or accidental destruction passes from the seller to the purchaser when the sale is perfected. Derived from
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