Fish Hoek Bottle Store Licencing | 10 December 2018

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

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

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

6 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

5 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 […]

Increase In Domestic Workers’ Wages Effective 3 December

4 December, 2018

The Department of Labour yesterday announced the wage increases for all domestic workers, effective from 3 December 2018, as follows: Those working more than 27 ordinary hours per week: Area Metro Areas Other Areas Hourly Rate R13.69 R12.47 Weekly Rate R616.03 R561.27 Monthly Rate R2669.24 R2431.97 Those working 27 ordinary hours or less per week: […]

Issue 19 – 2018

30 November, 2018

INCOME TAX QUESTIONS WHEN DEVELOPER SELLS PROPERTY IN ONE TAX YEAR AND REGISTERS TRANSFER IN THE NEXT Milnerton Estates Limited v Commissioner for the South African Revenue Service (1159/2017) [2018] ZASCA 155 (20 November 2018) From an income tax point of view, where a developer sold erven in a new development in terms of agreements […]

Development Law Update | Issue 1 – 2018

26 November, 2018

ZERO-RATING THE SUPPLY OF LOW INCOME HOUSING: WHICH PROJECTS ARE EXCLUDED FROM THIS RATING? Commissioner for the South African Revenue Services v Amawele Joint Venture CC (908/2017) [2018] ZASCA 115 (19 September 2018) In September this year, the Supreme Court of Appeal handed down judgment in the above matter. The Court was tasked with determining […]

Common Property Problems Cause Damage to Section: Can I Claim?

20 November, 2018

The Sectional Titles Schemes Management Act obliges the body corporate to maintain a scheme’s common property. Owners are in turn required to repair and maintain their sections. Is the body corporate, as a result, automatically responsible to arrange and pay for the repair of damage to an owner’s section if it results from some defect […]

Issue 18 – 2018

16 November, 2018

LENDERS: IF IT IS A “CREDIT TRANSACTION”, REGISTER OR THE LOAN IS VOID Du Bruyn NO and Others v Karsten (929/2017) [2018] ZASCA 143 (28 September 2018) For some time now there has been confusion whether it is necessary for a lender, in a once-off loan, to register with the National Credit Regulator where the […]

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