Early Accrual Of Income In Respect Of Property Developments | 14 March 2019

The Supreme Court of Appeal has handed down a decision which results in the receipt of a guarantee to secure payment of the purchase price of immovable property, being deemed an accrual of the entire purchase price on the date on which the sale agreement was concluded. We believe that the decision is wrong and […]

City of Johannesburg Council approved the Inclusionary Housing Incentives, Regulations and Mechanisms

On 21 Feb 2019, the City of Johannesburg Council approved the Inclusionary Housing Incentives, Regulations and Mechanisms 2019. Please see a brief summary below: Requirements and Conditions for Inclusionary Housing Inclusionary housing is mandatory for any development application under the jurisdiction of the City of Johannesburg Metropolitan Municipality that includes 20 dwelling units or more. […]

Property Rates Increase? You Can Object

General Valuation Roll for 2018 (GV2018) The current General Valuation Roll, known as GV2018, was certified by the City of Cape Town’s Municipal Valuer on 31 January 2019. It contains the municipal valuations of about 875 000 registered properties in Cape Town, as at the valuation date for the new roll, being 2 July 2018. […]

Urgent: Chief Registrar Circular 1/2019 | 22 February 2019

SUMMARY: CHIEF REGISTRAR CIRCULAR 1/2019 – AMENDMENT TO THE VA PROCEDURE & FORM E CONVENTIONAL TITLES The amendments to the VA procedure take effect on 25 February 2019; Attestation by a notary public is impractical and may cause undue hardship to the public; Publication will be required in a newspaper circulating in the area in […]

Budget News 2019 | 20 February 2019

The new Minister of Finance, the Honourable Mr. Tito Mboweni, delivered the National Treasury budget for 2019/2020 this afternoon. Whilst there were no radical changes in the tax sphere, the following stand out: A small adjustment to income tax thresholds. No adjustment in the income tax brackets for individuals (no inflationary adjustment). No adjustment in […]

East London Office – IT Issues | 20 February 2019

Please note our East London office is experiencing IT issues and as a result have no access to e-mails. We will notify you as soon as the problems have been addressed. In the interim, please contact the branch telephonically on 043 721 1234 or 043 721 0656 to arrange lodgement of matters or for any […]

Lost Title Deeds and Mortgage Bonds

Please note the amendment to Regulation 68(1) and 68(11). From 25 February 2019 onwards, if you have lost your title deed and want to apply to replace it, the application must be published in the Government Gazette. It then has to lie for inspection at the Deeds Registry for two weeks allowing any interested party […]

Deeds Registry Closing Dates: Amplification | 10 December 2018

The Chief Registrar of Deeds issued year-end deeds office details for the various registries nationally. These are that the registries will close on 21 December 2018. The last day for lodgments and registrations are 20 December. All the registries will open on 2 January 2019, for business as usual. In some registries however, alternative arrangements […]

Fish Hoek Bottle Store Licencing | 10 December 2018

Although bars and restaurants are licensed to sell alcohol in our Fish Hoek valley, liquor store trading has been forbidden for the past 200 years after the area was proclaimed a dry town in its founding document. This is about to change. Last week PicknPay won a Western Cape Liquor Authority appeal, paving the way […]

Where the Purchaser Gets Financing From ABSA: A New ABSA Offering | 10 December 2018

ABSA Home Loans has recently launched a project titled “Transfer/Bond Pilot”, with the aim to allow a single firm to attend to both the transfer and bond in the same transaction. STBB has been invited to participate. The Pilot project will be operational until 19 February 2019. Therefore, should STBB be the appointed transferring attorney, […]

STBB Meerkats

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