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Wednesday Jul 27, 2016

Cape Town's Southern Suburbs sellers 'must acknowledge economic slump'

For the first time in three to four years, agents in highly sought-after areas like Cape Town's Southern Suburbs are not reporting an across-the-board shortage of sale stock and buyers now have a greater choice of properties.

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Cape Town public transport to expand

Over the next five years, the city's transport authority Transport for Cape Town (TCT) wants to reduce the cost of all modes of transport in the city. The city council will spend R278 million in this financial year to subsidise the cost of the MyCiTi service on the Phase 1A, 1B and the N2 Express.

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Tuesday Jul 26, 2016

Cape Town property increasingly inaccessible to first-time buyers

According to a report published this month by FNB household and property sector strategist John Loos, Cape Town has the lowest percentage of first-time home buyers in SA, with only 16 percent of total sales being in this demographic - considerably lower than the national average of 21 percent.

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Proxies at sectional title AGMs can be used to swing votes

The way the Sectional Titles Act stands now, if a trustee in a sectional title scheme wants to swing a vote in his favour by collecting proxies to vote at a general meeting, it is still possible to do so as there is nothing limiting the number of proxies given to one person.

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Monday Jul 25, 2016

Sandton makes traffic arrangements

Expanding its Bus Rapid Transit (BRT) system, the City of Joburg will bring Rea Vaya's fast, convenient and affordable bus service to Sandton Central within the next two years, says Elaine Jack, City Improvement District Manager of the Sandton Central Management District, which manages its public urban spaces.

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Brooklyn sues Tshwane over gate refusal

City of Tshwane officials, including municipal manager Jason Ngobeni, will be hauled to court for failing to consider the application for a gated community in Brooklyn in accordance with a previous judgment.

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Buy-to-let market slowing down

In the second quarter 2016 FNB Estate Agent Survey buy-to-let demand is perceived to be a little slower of late, along with moderating near term expectations among agents.

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Cape Town drafts new filming by-law

As Cape Town's film, commercials and television industry grows, the city council has increasingly been hearing from residents annoyed by frequent filming in their neighbourhoods.

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Durban billing systems cause problems

Two multi-million rand computer systems that should have made life simpler in eThekwini have caused serious problems for ratepayers and contractors who work for the metro.

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Friday Jul 22, 2016

Joburg property owner beats R309 000 billing bungle

A frustrated resident of Roodekrans ext 7 was obliged to pay R10 000 to a private consultant to sort out bungling on his account by the City of Joburg.

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