19 Feb 2013

Property & Real Estate

 



So where are our taxes going?

According to an article by Amanda Visser, fewer than half of government departments are able to provide "credible and quality information" in their financial reports. Quoting auditor-general Terence Nombembe, it seems state finances are regressing.

It's bad enough when we hear of our tax monies being wasted through the need (call that greed) of individuals within government deciding to spend millions on parties, luxury cars, first-class travel and so on, but it's almost worse when even the auditor-general has an issue with the departments and municipalities' accounting standards, and we then don't know where money is going or how it is being spent or wasted.

Do you want to know what the best programs to protect passwords are? Subhash Chandra has some suggestions for you.

On the aquaculture front, the environmental impact guideline for aquaculture has been published for public comment. You can download the entire document from the article on Bizcommunity.com.

As if being taxed to poverty weren't enough, and then discovering that the average government department and vast majority of municipalities have a less than stellar record when it comes to accounting practice, it seems like the petrol price may go up 87c a litre.

And to think that one day these will be the bad old days...

Rod Baker: Content Director

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Editorial news

Property & Real Estate

Privateproperty.co.za swims Midmar Mile for paraplegics
[Issued by Private Property] On Saturday, 9 February, Privateproperty.co.za descended en masse on Midmar Dam, in KwaZulu-Natal, to support its 12 swimmers in the Midmar Mile race. The swimmers, with the support of the company, between them raised more than R50 000, which will be used to purchase wheelchairs for underprivileged disabled children. Read more >>  visit press office >>


Commercial

Shree 'lands' R350m Dube deal
Durban-based Shree Property Holdings, a leading SA property development and logistics business, has bought 22 sites - totalling 125,000m² - in phase one at Dube TradePort for R350m. It has also staked a claim to 250,000m² in phase two, which is launching in 2014. Read more >>

Investors get 19% return from Emira
Emira Property Fund on Wednesday (13 February) reported distribution growth of 3.5% for the six-months to December‚ representing a significant improvement in growth prospects for the rest of its financial year. Read more >>


Property Management

Ennik Estates launches top-end Plett service for Gauteng clients
[Ronald Ennik] Gauteng is the mother lode of investment in top-end property in upmarket Plettenberg Bay. So much so that virtually every residence in the R10 million-plus price band in "Plett" is owned by holiday and retirement investors from Joburg and Sandton. That is why Gauteng-focused Ennik Estates, a boutique luxury real estate marketer, has now added Plettenberg Bay to its portfolio of services to affluent clients. Read more >>

Reducing risks in the financial management of a sectional title scheme
Recent reports which point to dishonesty during the financial management of sectional title schemes by managing agencies have resulted in trustees reviewing the agreements in place with their managing agents and insurers as well as their fiduciary roles as trustees. Read more >>

Rawson on target for 2015 goals
[Tony Clarke] The ultra-ambitious goals that the Rawson directors and I set for the group in 2009/10 are being met. It was the Rawson Property Group's aim to have the largest national footprint of all the South African estate agencies by the end of 2015. To achieve this, the group would need to establish 100 new franchises annually and to have representation in every one of the nine South African provinces. Read more >>


Rental

Romance: bad for the rental market
Romance is bad for the rental market. We know that Valentine's Day has a huge impact on sales of flowers, chocolates and candlelit dinners. But romance also has a huge impact on another area of the economy: property. When a couple decides to move in together, two households become one. And when things go pear-shaped, somebody has to move out - usually into rented accommodation. Read more >>


Residential

Ladismith draws a variety of home buyers
Value for money coupled with a notable trend, particularly among Gauteng buyers, to relocate in pursuit of a better quality lifestyle, is helping boost demand in the residential property market in the scenic hamlet of Ladismith in the Klein Karoo. Read more >>

Sustained demand for homes in Umhlanga
Globally, following the circumnavigation of the 'fiscal cliff' in the USA (at least for now), and some relief in the Eurozone countries, investor confidence has brightened - albeit cautiously, says Elwyn Schenk, Pam Golding Properties area principal in the Umhlanga and Umdloti areas of the KwaZulu-Natal north coast. Read more >>

Many bargain buys still "out there" for the shrewd investor
The South African residential property market can certainly still offer investment buyers bargains at anything from 20 to 50% below their former market value. This was said recently by Bill Rawson, chairman of the Rawson Property Group, who is still investing steadily in this field. Read more >>


International
Zimbabwe to seize land from mining company
The Zimbabwean government will seize nearly 28ha of land leased by platinum miner Zimplats, in a fresh drive to re-allocate assets to local business, the mining minister, Obert Mpofu, said on Tuesday (12 February). Read more >>

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