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, […]

2018 BUDGET NEWS | 21 FEBRUARY 2018

Minister of Finance, Mr Gigaba, delivered the National Treasury’s budget for 2018/2019 this afternoon. The following amendments stand out: VAT increases from 14% to 15% on 1 April 2018. Estate duty increases from 20% to 25% on dutiable portion of estates of more than R 30 million. Donations Tax increases from 20% to 25% on […]

Our VOX System: Important Note | 11 January 2018

Dear Clients Best wishes for 2018! Just a short note to advise you that our VOX system is encountering a problem at present and we cannot access any emails or make payments. We are working with the service provider to resolve this as fast as possible and are confident that the repairs will be done […]

Cape Town Deeds Office Closure | 06 December 2017

The Cape Town deeds office has confirmed that the last day for registrations of current matters is 21 December. Their offices close on the 22nd. They open up again on 2 January 2018, but warned that in the first week or so they will have a skeleton staff complement only. It is likely that the […]

Pretoria Deeds Officie | 15 November 2017

The Pretoria Deeds Office has confirmed that the last day for registration will be 21 December and that their offices will also close on this day. It is likely that the volumes of transactions lodged for registration will increase in the countdown to year end and this will definitely impact on turn-around times in that […]

Homeloans and Foreign Marriages: ABSA and FNB Specific Requirements | 21 September 2017

We have received indication from both ABSA and FNB that where a client’s marriage is governed by the laws of a foreign country, these banks require that the bond must be registered in the name of both spouses and that the application submitted needs to be by both spouses notwithstanding that the spouse applying for […]

Transaction Delays and the Current Power Outage | 06 September 2017

As you, we are also concerned about the consequences of the current power outage in the greater Johannesburg. This impacts on transactions awaiting registration in the affected deeds registries and delays are, regrettably, inevitable. It also impacts on the turn-around time of all other transactions, due to associated outages at municipalities, the Master’s Office and […]