Eskom: Proposed Electricity Cost Hike For 2019 | 31 October 2018

Eskom recently announced that it has asked the National Energy Regulator (NERSA) for a 15% tariff increase for the next three years, beginning 2019-2020. Eskom has also been granted approval to claw back an additional R8bn from customers as a result of the adjudication of the regulatory clearing account (RCA) for periods stretching from 2014 […]

Department of Home Affairs Announces Visa Regulation Amendments

On Tuesday 25 September 2018, following concerns raised by the tourism sector, Home Affairs Minister, Malusi Gigaba, announced amendments to visa regulations. Changes announced include the following: Travelling with minors Documentation proving parental consent for a minor to travel is no longer a requirement. However, it is strongly recommended that travellers carry this documentation. Immigration […]

Western Cape Deeds Office Notification: Delays | 13 August 2018

Please be advised that the Cape Town Deeds Registry is currently experiencing problems with its IT system and, therefore, Deedview and DRS are currently offline. For this reason, the Deeds Registry cannot generate copies of title deeds or print outs, or scan deeds. Kindly note that all requests will be attended to once the problem […]

Fraudulent Emails | 01 August 2018

Dear clients, It has been brought to our attention that many of you are receiving emails from petera@stbblaw.co.za. This is NOT an STBB email address and these are fraudulent emails, most likely containing a virus or ransomware. Please do not click on anything in these emails and simply delete them. STBB emails will only ever be […]

Municipalities – Limited Capacity | 28 June 2018

Dear business partner, We have just been advised that, due to financial year-end system requirements, many of the offices in the larger municipalities will work on limited capacity only. This includes the Tshwane municipality (28 June – 23 July) and the City of Johannesburg municipality (1 July – 5 July). We are awaiting further details […]

Conveyancing fee increase | 31 May 2018

Amended Conveyancing Fee Guidelines were recently released by the Law Society of South Africa and will come into effect with respect to instructions received from 1 June 2018 onwards. The new transfer and bond registration fees will reflect on our website calculator tomorrow. We attach hereto our updated tariff sheets, for your ease of reference. The […]

Deadline for Written Submissions on Land Expropriation Without Compensation Extended to 15 June | 18 May 2018

The Joint Constitutional Review Committee has extended the deadline for written submissions on land expropriation without compensation to 15 June 2018. Written submissions will be processed between 9 and 13 July 2018 and public hearings will be held in all provinces from 27 June to 6 August 2018. There will also be an opportunity for […]

Delays on rates figures and clearance certificates | 20 January 2018

The City of Cape Town has upgraded their software system and this is causing significant delays in the issuing of rates figures as well as clearance certificates. Upgrades of this nature usually require a settling in period during which teething problems will cause temporary delays; however, we are assured that the system will soon be […]

Important Fraud Alert | 20 January 2018

Dear Clients Internet fraud is an ongoing threat. Please remember that STBB will never in an email advise you of a change of our banking details. Should you receive such an email, it is likely to be an attempt to defraud you by inducing you to make payment to a fraudulent bank account. In such […]

VAT Rate Increased to 15%. Which rate applies to your transaction?

On 21 February 2018 the Minister of Finance, during the 2018 annual budget, announced that the VAT rate will increase by 1 percentage point to 15% effective from 1 April 2018. General VAT is essentially an inclusive tax, meaning that the price charged by a vendor includes VAT. This also means is that any quote, […]

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