5 Mar 2013

Property & Real Estate

 



The taxman cometh

Of course, the big news over the past few days has been Pravin Gordhan's budget speech, which has been dissected and analysed, as usual. Not least of these analyses is that by Nedbank Private Wealth, which provided its observations on the 2013-14 Budget Speech.

Gordhan's budget, as usual, was somewhat of a balancing act, but what taxpayers everywhere would like to see is action, not just words, on corruption, mismanagement and waste. After all, we all realise we have to pay taxes, but we want to see our tax monies being used where it matters - and properly, across the board.

Our planet is our only home, so we'd better do better in looking after it. One way of doing so is through protecting and nurturing biodiversity, which, says minister of water and environmental affairs, Edna Molewa, contributes to economy - she says the benefits derived from biodiversity or ecosystem services are estimated at R73bn, contributing to 7% of South Africa's GDP per annum.

We've heard it all before... this plan and that plan to create jobs - or "job opportunities" - and this time it's the KwaZulu-Natal provincial government that says it will assist in creating 11m jobs by 2030.

Job creation is absolutely vital for the future of this country; some fear the levels of frustration and despair among the unemployed could rise to such levels as to lead to civil unrest. Hence, any plan to create jobs is to be welcomed... but how many have there been, and what successes have they achieved? Governments - provincial and national, need to be wary of over-promising and under-delivering.

Is it the end of the land line? Mitchell Barker says that landline users in South Africa are cutting the cord.

Finally, our not so frugal, but fast and fancy motoring editor Henrie Geyser reckons that the new Ford Fiesta is just that... frugal, fast, fancy.

Rod Baker: Content Director

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Top stories


Editorial news

Property & Real Estate

Bond applicants should pre-qualify with a reputable bond originator
[Mike van Alphen] In response to many requests from estate agents, Rawson Finance, the bond origination division of the Rawson Property Group, has begun issuing a "Rawson Buyers Qualification Certificate". This is an informed assessment of the bond amount that the applicant will receive from most banks. Read more >>

A deposit makes all the difference
Despite the buyer's market in the property industry at the moment, in the wake of the global economic downturn, banks are still wary of granting 100% home loans. In light of this, if you're considering buying a home, it's a good idea to start saving up for a decent deposit. Read more >>


Commercial

Vividend wants Access Park, Kenilworth
Listed property loan stock company Vividend Income Fund said last week it had entered into agreements which, if successfully concluded, would result in it buying 90% of Access Park, in Kenilworth, Cape Town, for R483m. Read more >>

Branson invests R150m in Sandton club
[Gaongalelwe Moatshe] Virgin Active is investing R150m in its health club in Sandton, making it the 108th club in SA Read more >>

HQ tax benefits for JSE companies
[Linda Ensor] The National Treasury has extended the benefits of its headquarter tax regime to companies listed on the Johannesburg Securities Exchange. Read more >>

Sunninghill, Rivonia office rentals rise
The swanky Sunninghill and Rivonia office nodes can expect steady demand and improved office space this year, as tenants start appreciating better highway infrastructure and improved traffic flows. Read more >>

SA's Atterbury to develop Mall of Namibia
South African property investment and development company, Atterbury will develop what is said to be Namibia's largest single commercial property development, the 54,000sqm Mall of Namibia - The Grove in Windhoek, with Demashuwa Properties and Safland Property Group. Read more >>


Property Management

Buy or build? Will your budget dictate which way to go?
[John Roberts] When making your decision about buying vs building, there is a selection of issues to consider. Building your own home has the potential to be easier than before, particularly with so many developers offering a predefined set of floor plans and options. Read more >>


Rental

Identity theft scams: protecting yourself from rent fraud
[Michelle Dickens] Rent is, in most cases, the biggest monthly expense for the average consumer. So it shouldn't come as a surprise then that scam artists are out to target landlords through identity theft in an effort to avoid paying their dues. This particular type of fraud is quite common - and what is most concerning is how easy it is to become a victim. Read more >>


Residential

Court seeks explanation over sudden change
Agriculture Minister Tina Joemat-Pettersson has been asked to explain the "sudden change of heart" that led to the approval of a R6bn golf course development after it had been blocked by her department. Read more >>

International buyers attracted to Ladismith, Klein Karoo
[Masood Husain] Value for money coupled with a notable trend, particularly among Gauteng buyers, to relocate in pursuit of a better quality lifestyle, is helping to boost demand in the residential property market in the scenic hamlet of Ladismith in the Klein Karoo. Ladismith's housing market is experiencing gradually increasing activity, despite the still challenging economic trading conditions. Read more >>


International
Sony sells Tokyo building for ¥111bn
TOKYO, JAPAN: Sony said Thursday (28 February) it has sold one of its main buildings in Tokyo for US$1.2bn as the embattled Japanese electronics giant offloads assets to help repair its tattered balance sheet. Read more >>

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2013 Biz Trends Report


93 pages
49 contributors
41 contributions

New people on biz

kobina edusei
CEO / Founder at excellent solution
Mike van Alphen
National Manager of Rawson Finance
John Roberts
CEO at Just Property Group
Ryan Kauffman
Real Property Management Triad

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