National Land Tenure Summit

Strengthening Relative Rights of People Working the Land by Ms Leona Archary: Deputy Director – Rural Infrastructure Development – presented at the National Land Tenure Summit – 4 to 6 September, 2014

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The Communal Land Tenure Policy Framework

Issued by the Department: Rural Development and Land Reform

Communal_Land_Tenure_Policy_Framework

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ONLINE SUBMISSION OF AUDITORS REPORTS

08 September 2014

EAAB

In terms of section 32(4) of the Estate Agents Affairs Act, auditors of estate agents are required to transmit to the Estate Agency Affairs Board (EAAB) the auditor’s report within the prescribed period of four months after the financial year end of the estate agent concerned. The auditors’ report must be completed by an auditor registered, as assurance, with the Independent Regulatory Board for Auditors (IRBA).

In May 2014, EAAB introduced MyEAAB Auditors Portal on its website www.eaab.org.za which enables auditors to submit online the auditors’ reports on behalf of the estate agents in terms of section 32(4) of the Estate Agency Affairs Act. Continue reading

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Department of Labour – 2014 EE Roadshow Presentation

This presentation is critical to large estate agencies who employ permanent workers. Fines for non compliance are included in the presentation.

Department of Labour – 2014 EE Roadshow Presentation

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EAAB NOTIFICATION: HOMEOWNERS ASSOCIATIONS (HOAs)

EAAB

 ALL ESTATE AGENTS, MANAGING AGENTS AND TO ALL STAKEHOLDERS

The Estate Agency Affairs Board (EAAB) together with representative bodies of estate agents and estate agencies and of HOA’s has met in order to provide guidance in respect of practices relating to the payment of fees/sharing of commission to procure any degree of exclusivity in the marketing of properties for sale or for letting.

HOA Notice 5 September 2014

 

 

 

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State set to take control of BEE verification

by Mark Allix, 15 August 2014 – Business Day

THE government will take control of the black economic empowerment (BEE) verification process to drive the creation of 100 “black industrialists” over the next three years.

Verification agencies will be downgraded to become “empowerment advisers” so that the private sector does not issue verification certificates to itself, the Department of Trade and Industry said on Thursday.

The department is aiming to address frustrations over the perceived slow pace of black economic empowerment (BEE), especially business ownership, and to correct empowerment policies seen to benefit “the few” and spur “rent-seeking”. Continue reading

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Act No. 17 of 2014: Property Valuation, 2014

THE PRESIDENCY

No. 527 1 July 2014

It is hereby notified that the President has assented to the following Act,

which is hereby published for general information:–

Act No. 17 of 2014: Property Valuation, 2014

Property_Valuation_Act1July2014 (2)

 

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Realtors(R) Will Decide the Future of Online Real Estate

NAR logo

Message from NAR’s President Steve Brown and CEO Dale Stinton

Much has been made of how technology has and will affect our lives and chosen vocations.  Technology speeds things up.  Technology provides instant access.  Technology feeds the insatiable demand for more and more meaningful information. Information wants to be free.  Technology and ‘change’ are often used interchangeably to remind us that our world tomorrow will be very different than it was yesterday.  Then you throw in a healthy dose of ‘who moved my cheese’ and all those other consultant driven mantras about adapting to the new world order and quickly your head is spinning and you just want it all to stop.  But it doesn’t and it’s not going to! Continue reading

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Half the economy could become BEE non-compliant by May 2015

Written by: Natasha Odendaal

BBBEE Codes

The introduction of the amended Broad-Based Black Economic-Empowerment Codes of Good Practice on May 1, 2015, could result in more than half the economy becoming non-compliant.

The revamped codes were published on October 11, 2013, and the transitional period was initially scheduled to endure for a year until October 10, 2014. However, an extension of six months was awarded in March, offering companies a longer period to adjust to the new regime.

However, black economic-empowerment (BEE) advisory firm EconoBEE CEO Keith Levenstein believed that nine industry sectors, namely construction, tourism, transport, forestry, accounting, information and communications technology, agriculture, finance and property, were at risk of becoming non-compliant with BEE when evaluated against the amended codes.

“If the sector codes are not released in time, businesses will need to follow the amended codes released last October,” he said, pointing out that businesses with a BEE scorecard expiring after May 1, 2015, would have their BEE certificate assessed on the amended codes, based on the data and activities carried out in the year prior to verification.

BEE compliance was a complex and time-consuming process, with many companies unlikely to succeed in adjusting to the amendments on time.

“Based on the new codes, a business currently at level 4 will almost certainly fall to level 6 and, possibly, even further. Management will need to do additional work and activities to retain [the company’s] current BEE status. Training spend, for example, needs to be increased from 3% to 6%,” Levenstein explained.

Those providing training to their employees to earn BEE points would need to speedily reallocate a training budget, select staff and kick off training in a process that was usually spread over 6 to 18 months.

“The BEE points allocation only accrues after the money is spent. The same goes for procurement, socioeconomic development and enterprise development,” Levenstein pointed out.

Further, businesses earning BEE procurement points could face the risk of their suppliers becoming noncompliant, negatively impacting their overall BEE rating.

“Businesses could be caught with a number of suppliers having lost their BEE rating, resulting in a domino effect of downgraded BEE ratings across all the industry sectors,” Levenstein noted.

Courtesy: Creamer Media

 

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2014 EMPLOYMENT EQUITY ROADSHOW SCHEDULE

TURNING OVER A NEW LEAF AGAINST ALL ODDS

Employers or Heads of organisations, Academics, Assigned Senior Managers, Consultative forum members, HR Practitioners, Trade Unions and employees are invited to attend the 2014 Provincial EE Roadshows hosted by the Department of Labour.  See schedule

EE Provincial Roadshow

 

 

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