14 May 2013

Property & Real Estate



'Dirtbin' needs a paint job

Durban's city centre has never been my favourite place; I always find my senses being thoroughly assaulted. Don't get me wrong, I grew up in Durban and still feel very precious about my home town, and I'll defend it to the summit of Tafelberg because I have always seen its potential - in my mind all it's ever needed is a fresh coat of paint.

KZN MEC Mike Mabuyakhulu sees that same potential, calling for the recently held Tourism Indaba to make Durban its home. And why not, really? In its 34 years, the conference has more often than not been held successfully in Durban. Mabuyakhulu says the province is ready "to make the necessary investment...to grow this trade show to the level where it rivals and outshines the best shows in the world."

The Cape Point Partnership's Brett Hendricks, however, sees the annual indaba as more of a roving event, commenting on Facebook: "Having a roving event that moves between major South African cities would definitely raise the bar. I'm hoping 2014 will have an added 'wow' factor."

'Wow!' is what we'll need if we're going to meet the national tourism strategy target of becoming one of the top 20 world tourist destinations by 2020, and we're on the right path - the number of tourists entering South Africa increased by 10.2% from 2011-2012, according to Stats SA.

Hosting large-scale events such as the Tourism Indaba means having to tick a lot more boxes. Clive Shelver, managing director at Film & Entertainment Underwriters, explains why it's important to have a proper risk management strategy in place.

If you're hosting an event, make sure you have it added to our recently introduced Biz Event Calendar as a Biz Featured Event. These events are featured in our daily and weekly newsletters, and are actively mentioned on our Facebook and Twitter timelines.

An event of note, the SAMAs were held this past weekend - congrats to the winners! Go paint the town red!

Sindy Peters, Group Head: Content

Submit your company news to propertynews@bizcommunity.com. Exclusive contributions may be sent to contributors-property@bizcommunity.com.

Weekly top stories

Partition agreements to transfer jointly-owned land
[Dylan Bradford] Joint owners of a piece or pieces of land may want, or need, to redistribute the land among themselves and so become individual owners of a defined portion of that land (or of a sectional title unit) in their own names. This can be done in terms of Section 26 of the Deeds Registries Act and a partition agreement. Read more >>


Editorial news

Property & Real Estate
Fountainhead's distribution drops 6.8%
Fountainhead Property Trust's distribution dropped to 26.11c per unit for the six months to March‚ down 6.8% from the similar period last year. Read more >>

SA on track to complete Assets Register
[Dennis Cruywagen] CAPE TOWN: South Africa is well on track with the creation of an Assets Register that will for the first time accurately reflect the state's assets, says Minister of Public Works Thulas Nxesi. Read more >>


Commercial
Time to unlock Africa's travel potential
The South African Tourism Indaba should expand its platform by attracting even more exhibitors and buyers from the African continent, Tourism Minister Marthinus Van Schalkwyk said on Sunday (12 May). Read more >>

Cullinan earnings climb by 25.2%
Tourism and leisure group Cullinan last week reported a 25.2% increase in headline earnings from R21.7m to R27.2m for the six months to March on the back of a 20% increase in sales. Read more >>

Court rules in favour of Seardel
A Cape Town property valued at R38.7m is to be transferred to clothing and textile manufacturer Seardel after leave to appeal by third parties opposing the transfer was dismissed with costs. Read more >>

Arrowhead's distribution up 13.6%
Arrowhead Properties has reported 13.6% distribution growth for the quarter ended March to 28.04c per combined A and B unit. Read more >>


Property Management
Partition agreements to transfer jointly-owned land
[Dylan Bradford] Joint owners of a piece or pieces of land may want, or need, to redistribute the land among themselves and so become individual owners of a defined portion of that land (or of a sectional title unit) in their own names. This can be done in terms of Section 26 of the Deeds Registries Act and a partition agreement. Read more >>


Residential
Online services increase house sales
Property purchasing in South Africa is being driven by a younger generation that relies on the Internet for information, bond originator ooba said on Monday (13 May). Read more >>

Demand for residential property in Kenya
Existing and new residential development properties are currently in demand in Kenya, said Kunaal Samani, a director of Pam Golding Properties in Kenya, which has an office in Westlands, Nairobi, and is looking to expand soon in the Mombasa area. Read more >>

Mpisane did not plan to evade tax - Bhana
[Nosihle Shelembe] Businesswoman Shauwn Mpisane had no intention of evading tax, the Durban Regional Court heard on Wednesday (8 May). Read more >>

Ministerial housing - evidence of collusion
[Linda Ensor] The investigation by public works of "prestige" projects such as the renovation of ministerial houses has been extended to Cape Town where about R100m was spent on renovating 11 ministerial houses‚ Public Works Minister Thulas Nxesi said on Tuesday (7 May). Read more >>

Mpisane 'punished' for 'honesty'
Durban businesswoman Shauwn Mpisane was punished for making a voluntary disclosure to the SA Revenue Service (SARS), the Durban Regional Court heard on Monday (6 May). Read more >>

Guide to home buying for the self-employed
If you run your own business, you may find it trickier, rather than easier, to buy a new home. Although your business savvy shows that you're self-reliant and responsible, the lack of a guaranteed income from a single source can make banks anxious about financing a home for you. Read more >>

Consumers worried about money
[Ntsakisi Maswanganyi] Consumers continued to feel financially exposed in the first quarter of this year amid the rising cost of living and inflation‚ the latest Consumer Financial Vulnerability Index released on Tuesday (7 May) showed. The index is compiled by Unisa's Bureau of Market Research (BMR) and sponsored by MBD Credit Solutions. Read more >>


Government
Stats SA holds out its begging bowl
Statistics SA (Stats SA) needs about R100m to ensure that SA's statistics keep abreast with international best practice, but it is in danger of slipping behind, because there are not enough funds for it to implement its updating programmes. Read more >>

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2013 Biz Trends Report

93 pages
49 contributors
41 contributions

New people on biz
Eybert Tromp
Property Specialist at Engel & Völkers
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Bahamas real estate

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