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, […]

Deeds Registry Closing Dates And End Of Year Arrangements | 10 December 2018

The various Deeds Offices have recently communicated their formal closing dates for 2018, as well as their year-end arrangements for registration of transactions. We expect an increase in lodgements over the next two weeks, which will have an impact on the turn-around times. Please see the table below: BLOEMFONTEIN CLOSURE DATE: 21 December at 10h00 […]

Property Practitioners Bill: A Step Closer To Being `The Law` | 06 December 2018

Yesterday the National Assembly adopted the Property Practitioners Bill. The envisaged legislation will repeal the Estate Agency Affairs Act of 1976 and in its stead, will introduce many far-reaching changes to the regulation of the industry. The Bill also intends to accelerate the transformation in the sector by promoting the participation in the sector by […]

Penalties On Outstanding Corporate Income Tax Returns | 05 December 2018

As of 7 December 2018, SARS will start imposing administrative penalties in respect of outstanding Corporate Income Tax Returns going as far back as the 2009 year of assessment. These penalties range from R250 to R16 000 per month, or part thereof, that the non-compliance continues. Critically, the penalty also applies to outstanding tax returns […]

Parliament Review Committee on Section 25 Amendment | 15 November 2018

Parliament’s joint constitutional review committee formally resolved today to recommend an amendment of section 25 of the Constitution to make it clear that expropriation of land without compensation, is possible. President Ramaphosa has given assurances that this is but one of many mechanisms at government’s disposal to effect land reform. This assurance is supported, from […]

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 […]

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