Rebosa Urgent Report 22 September 2017

Dear Colleagues

Financial Intelligence Centre – Information You Need To Know

2 October 2017 is the commencement date for the FIC Amendment Act.

Rebosa has gone to great expense to get our attorneys to develop a real estate industry specific Risk Management Compliance Programme (“RMCP”) Template and Guidelines. This will help you with the new FIC reporting procedures and requirements and you will be able to modify the template to suit your specific needs.

We will ensure you receive this template before the deadline.

In a joint statement released by National Treasury and the Financial Intelligence Centre it states that “The relevant supervisory bodies will, even after 2 October 2017, continue regular engagements with the relevant industries to determine a timetable for full compliance, and monitor progress on such compliance. Various consultations with the industry and supervisory bodies have been taking place this year.”  

Read moreRebosa Urgent Report 22 September 2017

Special Rebosa Report 11 September 2017 

EAAB IT System

As you are aware, the EAAB’s IT system has had serious challenges over the past weeks which has had a direct impact on our ability to resolve many of your queries.

Consequently we have taken the matter up with the EAAB Board and are pleased to announce that the Deputy Chair, Mr Yusuf Patel, has prioritised our concerns and asked the management to provide him with a progress report on the steps taken to deal with the challenges.  

Read moreSpecial Rebosa Report 11 September 2017 

THE PRIVATE PROPERTY TAKEOVER BID BY P24 WILL NOT PROCEED

“Private Property has announced the conclusion of a deal which will see a change in ownership from the existing shareholder, OAM, to a consortium of committed South African buyers, including listed media giant Caxton.”  

Along with Caxton, the other buyers include industry participants with a deep understanding of the market. The deal is subject to Competition Commission approval and is expected be finalised by the end of October 2017. The proposed takeover bid by Property24 parent company Naspers will not proceed.  

Read moreTHE PRIVATE PROPERTY TAKEOVER BID BY P24 WILL NOT PROCEED

Community Schemes Ombud Service (CSOS) Public Engagement Sessions

INVITATION TO ATTEND PUBLIC ENGAGEMENT SESSIONS

The Community Schemes Ombud Service (CSOS) is undertaking a national roadshow to bring its Service closer to property owners and those in the management of community schemes. In each information session, the CSOS will be assisting in the registration of community schemes, accepting applications for dispute resolution and will be clarifying any issues in respect of submission of annual returns and general governance of schemes.

If you have any questions you would like to pose to the CSOS, this is your opportunity to engage with us.

Start Times 09:00 – 14:00

See schedule below for dates and venues.

Invitation CSOS Roadshow September 2017