South Africa Rising

NAR logoNancy Macaluso

 

by Nancy Macaluso, National Association of REALTORS®, President’s Liaison to South Africa

South Africa Rising was the theme I chose, during my 2013 visit as the National Association of REALTORS® President’s Liaison to South Africa.  I named it that as South Africa rose to meet the world’s economic leading countries being recognized as one of the “BRICS” countries- Brazil, Russia, India, China, South Africa. Continue reading

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PROFESSIONAL DESIGNATION EXAMINATION (PDE 4 AND 5) – DATES FOR 2015

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06 FEBRUARY 2015
07 MAY 2015
06 AUGUST 2015
12 NOVEMBER 2015
11 FEBRUARY 2016

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Rental Housing Act (Amendment Act 2014)

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IoDSA Direct Law Volume 9 Issue 20

Questionable Amendments to the Act

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Once a commencement date has been gazetted, the Amendment Act 2014 will increase regulatory risk for owners that lease a dwelling (or their authorised agents or persons in possession that may lease or sub-lease). Continue reading

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Urgent Notification: Section 27 applications for late submission of audit reports and unblocking

EAAB

AGENTS BLOCKED FOR LATE SUBMISSION OF AUDIT REPORTS REQUIRING SECTION 27 PROCESS

We are in the process of streamlining the section 27 process for walk in agents as well as e-mail submissions via section 27applications@eaab.org.za. An automated letter will be sent to all agents blocked by the system as per the attached sample. Please be aware of the process so that you can advise any agents who enquire.

Section 27 department has 2 permanent staff members, Thsepo and Raymond, and 5 temporary staff members assisting with the process. Of these, 3 administrators are stationed at the public booths to assist with a constant stream of walk in agents from receiption. We had some difficulties with access to all systems, which Tumo has been resolving for us. Thanks Tumo for all your help. We have 4 administrators dealing with section 27applications@eaab.org.za mails,  e-mails from other departments and call centre queries.   Continue reading

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APPOINTMENT OF CHIEF OMBUD FOR COMMUNITY SCHEME OMBUD SERVICE

Mr Themba Mthethwa, the former Chief Executive of the Public Prosecutor’s Office has been appointed as the Chief Ombud for the Community Scheme Ombud Service, reported  Angelique Ardé, in the Personal Finance  supplement to the Saturday  Star of 18 October 2014. ( See clipping attached hereto)

She also reported that the owners in Sectional Titles and other Community Schemes at last have a free dispute resolution mechanism, which is not correct. The service will require schemes to make  a contribution towards the running cost  and complainants will have to pay a fee for the adjudication of complaints. (Section 22 of the CSOS Act 9 of 2011)

Section 22 of the Community Schemes Ombud Service Act, 2011 (Act No. 9 of 2011)

22. Funds of Service

1) The funds of the Service consist of—

  1. a) money appropriated by Parliament;
  2. b) levies collected from community schemes with the approval of the Minister;
  3. c) fees for services rendered based on cost recovery”

She did report that the service is not yet fully operational and the Ombud gave no indication when it will be up and running.

CHIEF OMBUD APPOINTED

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The B-BBEE Amendment Act (the Act) 46 of 2013 has been proclaimed and came into effect on the 24th October 2014

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On Friday the 10th October 2014, the DTI gazetted for public comment the Amended B-BBEE Codes of Good Practice for the following statements:

The President signed the B-BBEE Amendment Act (the Act) 46 of 2013 into law on the 27 January 2014. The Proclamation Notice was signed on the 2nd October 2014 and it will be gazetted and go into effect on Friday 24 October 2014.

The target date for setting up the BEE Commission and B-BBEE Verification Regulator is 31 March 2015.

The Trumping Clause (Section 3) has been deferred for 12 months, and will come into force in October 2015 Continue reading

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Property sector nears deadline to keep its transformation charter

Written by: Marius Muller, CEO of Pareto

The property sector is running out of time to align its transformation charter with the DTI’s revised B-BBEE act and codes. If the sector doesn’t make the April 2015 deadline, the charter will fall away and the property industry will automatically adopt the revised BEE codes. This will place it under immense pressure to speed up transformation, says Marius Muller, CEO of Pareto.

“With the new codes there’s a great opportunity to re-look how the property sector achieves BEE and ensure it is done in a sustainable way,” says Muller. “In general, the sector has made slow transformation progress. After 20 years of democracy, we should be seeing more change. There’s more that we can do. We should want to do better.” Continue reading

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REMINDER FIDELITY FUND CERTIFICATE RENEWALS FOR 2015

EAAB

To all Estate Agents

Please ensure that you renew your Fidelity Fund Certificates for 2015 well before the deadline date of 31 October 2014.

  1. If you have not received your renewal notice please email thokozani.khumalo@eaab.org.za
  2. All proof of payments sent via email should be sent to eab@eaab.org.za
  3. Please ensure that any payments made to the Estate Agency Affairs Board reflect your 7 digit reference number on your deposit slip.
  4. To confirm that you have the correct reference number kindly contact our call centre on 087 285 3222

BANKING DETAILS

ABSA ACCOUNT NAME: Estate Agency Affairs Board ACCOUNT NO.: 405 203 3310 BRANCH NAME: Protea Park,  BRANCH CODE: 632 005

PENALTY FEES

It is important to note that all late Fidelity Fund Certificate renewal payments received after Friday, 31 October 2014 will be subject to a late renewal fee.

R250.00 Principals R150.00 Non-principals and Interns

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National Minimum Wage Draft Policy

The purpose of this policy is to identify for business key considerations in relation to a National Minimum Wage in South Africa. The policy identifies high level principles that would be important for business should a national minimum wage be introduced.

National Minimum Wage Draft Policy

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National Minimum Wage Background Paper

This background paper has the purpose of assisting Business Unity South Africa (BUSA) gain an indepth understanding of practices and relevant issues relating to a minimum wage framework to assist in developing a coherent set of guidelines in supporting BUSA’s policy engagement on minimum wages.

National Minimum Wage Background Paper

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