Legal and Policy
South Africa can expect a new REIT regulation in 2013
South Africa’s new Real Estate Investment Trust (REIT) legislation has been earmarked for finalisation in 2013. ... Full story
Business rescue procedures and leases
The ‘business rescue procedure’ now made possible by the Companies Act for ‘financially distressed’ companies is likely to be used with increasing frequency in the next year or two. ... Full story
Real estate sector keen to comply with CPA transparency concepts
Real estate sector keen to comply with transparency concepts of new consumer protection act – but still not sure how they will apply. ... Full story
New national 'green' building regulations
New national ‘green’ building regulations are “just what south africa needs” - but they will add considerably to the basic cost of building. ... Full story
CPA eroding property profits
The real estate sector will be exempted from certain provisions of the Consumer Protection Act if industry players have their way. ... Full story
Shoddy advice: Brokers warned
Property syndications and "shoddy" investment schemes have stolen the limelight in terms of most complaints filed by the Financial Advisory and Intermediary Services (FAIS) Ombudsman. ... Full story
New regulations moving South Africa forward strongly towards sustainable building
In an exciting and significant development that sees all new buildings and refurbishments in South Africa having to comply from 9 November 2011 to minimum standards of energy efficiency, the SABS have developed SANS 10400 part XA – the first of a set of minimum standards for environmental sustainability in new and refurbished buildings. ... Full story
Expropriation legislation - The interpretation
A recent constitutional court judgment has left open the possibility that some home owners could lose their properties without knowing what they will receive in compensation. ... Full story
Controversial Ski resort up for Auction after Appeal Court Judgement
South Africa’s only ski resort will go under the hammer after a successful judgement was handed down by a full bench in the Supreme Court of Appeal on the 30 September 2011. ... Full story
Improved political climate will raise confidence
There has always, says Bill Rawson, chairman of Rawson Properties, been a strong link between political confidence (i.e. faith in the future of the country) and home buying confidence. ... Full story
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Village View gets R20 million Facelift
The stylish Village View shopping centre in Bedfordview is undergoing a R20 million makeover by owners The Cavaleros Group. ... Full story