30 Oct 2012

Property & Real Estate

 



e-toll uncertainty - we can't stand it either

Minister of Finance Pravin Gordhan has said that the fiscus can't sustain the uncertainties around e-tolls. Well, a great many motorists and companies are also uncertain of what impact e-tolling is going to have on their monthly costs. After much to-ing and fro-ing, the monthly bill was capped at R550 per month for light vehicles, but in this report, Gordhan is reported as saying "statistics derived from the gantries on the highway showed that people would not be paying more‚ on average‚ than R150 or R100 a month. He said inflated numbers were being put out to the public." Clear as mud?

These tolls are going to impact on every one of us, everywhere in the country, because every company based in Gauteng, having operations in or through Gauteng or dealing with any such company, will face increased costs. And guess who will have to pay...

On the mobile front, Lax Faure discusses the technology tsunami... No other development in the history of the world has caused so much change, in such a short time period, he writes.

Food-crop improvement by conventional plant breeding, without resorting to GMO (Genetically Modified Organism) technology, is the goal of the African Centre for Crop Improvement (ACCI) and its work has borne fruit and African farmers can now select seeds for their needs.

Thinking of travelling to the US? Think again... Travel chaos is looming as the US cancels flights thanks to Cyclone Sandy. Air France, British Airways, Virgin and other European airlines cancelled all flights into New York, Baltimore, Washington, Boston and Philadelphia on Monday, while US airlines called off thousands of domestic flights and diverted planes away from Sandy's path. There is likely to be a knock-on effect, so check with your travel agent or airline if you're due to travel to the US.

Rod Baker, content director

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Editorial news

Property & Real Estate


Property market is slowly recovering
Property prices, relative to income, are back to levels last seen around 2004. That's according to Ewald Kellerman, property analyst at FNB Homeloans and guest speaker at Harcourts' Power Rally series, which took place around the country recently. Read more >>

Issues partners in property should attend to before buying
Investing in property is usually the biggest financial commitment that any individual will make. Increasingly, people are looking to purchase a home with a friend, sibling or partner to halve the costs and increase the likelihood of bond approval. But as with any other big commitment, this is not a decision that should be taken lightly. Read more >>

Clauses in Offer to Purchase are important
Buying or selling a property comes with a lot of paperwork and legalese and therefore you do need to go through the Offer to Purchase thoroughly. Read more >>

Contractors on sectional title units must have trustees' permission
With the growing demand for sectional title property throughout South Africa, there is an increasing trend to upgrade units - and when this is done efficiently and in good taste, such upgrades can add significantly to the value of the units and the scheme as a whole. Read more >>

Bond originator can negotiate best interest rate
"Securing finance for a property sale is an activity with many aspects," says Linda Erasmus, CEO of Fine & Country International Realty. "In today's economic environment the consumer is cautious with every cent spent and the question often arises in the mind of a property purchaser: where can I pay the least interest when I borrow money and how can I save on the cost added to such finance arrangement?" Read more >>

Commercial


Tribunal to hear retail property merger
The Competition Tribunal will on Wednesday hear a proposed large merger between Fairvest Property Holdings and a portfolio of commercial properties. Read more >>

New R17 million warehouse expansion for CHC Resources
CHC Resources, which has warehousing in Durban's Prospecton node, has just received a R17 million warehouse expansion from landlord, Growthpoint Properties. Read more >>

Octodec increases distributions by 6,2%
Octodec Investments on Monday announced a 6.2% growth in distributions and a total annual return of 27.9%‚ for investors for the year ended August 2012. Read more >>

Distribution growth of 7,5% for Premium's investors
Premium Properties on Monday announced half year distribution growth of 7.5% for its investors for the six-month interim period ended August‚ outperforming consensus forecasts. Read more >>

Residential


SRK Consulting provides housing in rural KZN
Working in a multi-disciplinary team that must respond to a range of stakeholders, SRK Consulting is helping to bring high quality, cost-effective housing to KwaZulu-Natal's rural areas. Read more >>

PGP launches sectional title division to meet East Rand demand
[Nelson Ferreira] An influx of first-time home buyers seeking well-priced starter homes is proving a key driver of market demand for sectional title properties in the East Rand. Read more >>

Presentation of home is key to a successful sale
According to Linda Erasmus, CEO of Fine & Country International Realty SA, the presentation of homes in the upper quartile in the market still lags behind the rest of the world, whereas the company's UK and European divisions have acquired this skill. Read more >>

High demand for residential property in Polokwane
Increasing awareness of properties' long-term asset value is ensuring steady demand for homes in Polokwane in the Limpopo Province, where house prices have grown by more than 6% since the beginning of the year. Read more >>


Company news

Property & Real Estate


EAAB summit defines multi-pronged approach to industry ailments - Private Property
Following the recent two-day Estate Agency Affairs Board (EAAB) summit, Seeff chairman Samuel Seeff has lauded the move by the Minister of Human Settlements, Tokyo Sexwale and EAAB administrator, Advocate Taswell Papier, to engage with the industry. Read more >>


Noticeboards
Furnished/Unfurnished Offices to Let Northgate Office Park
[Premises] Furnished/unfurnished Offices to Let Northgate Office Park R5800 Unfurnished, R7000 Furnished excl VAT and utilities.


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