TO BE COMPLIANT FFC REQUIRED FOR CC AND MEMBER
Erasmus N.O. and Another v Verna van Den Blink Properties CC (A270/2014) [2015] ZAFSHC 198
(22 October 2015)
This appeal concerns the question whether a fidelity fund certificate is required for a close corporation where the latter, as estate agency, institutes a claim for commission. In the present matter the sole member of the corporation was issued with a certificate, but there was no separate certificate for the estate agency close corporation and the client argued that therefore the agency was barred from claiming commission.
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The Judgment
Summary of the Judgment
TRANSFER FROM DEVELOPER: PROPERTY RATE-ABLE?
City of Tshwane v Uniqon Wonings (20771/2014) [2015] ZASCA 162 (20 November 2015)
How should a municipality determine what is owed to it in connection with an erf that stands to be transferred for the first time and was rated as part of the township up until that point? Must rates be calculated in respect of the whole property still registered in the name of the developer, or only in respect of the property to be transferred? The Supreme Court of Appeal in this matter clarified the position.
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The Judgment
Summary of the Judgment