Opinion: Property Bill misses the point

MAIN IMAGE: Jan le Roux, CE of Rebosa   Jan le Roux The National Assembly unanimously passed the Property Practitioners Bill on Tuesday 4 December 2018. The Bill, which will now go to the National Council of Provinces early next year, will ostensibly deliver transformation of the real estate industry before the 2019 general elections. Notably, … Read moreOpinion: Property Bill misses the point

Tribunal rule on ‘unfair’ penalty for early lease termination

It is business practice that a tenant has to pay a penalty, depending on the terms of the lease agreement, when there is early termination of the lease – but is it fair to charge the full penalty if the landlord is selling the property? The Western Cape Rental Housing Tribunal recently heard just such … Read moreTribunal rule on ‘unfair’ penalty for early lease termination

SA out of recession – more growth is needed say experts

SA’s economic activity picked up enough in the third term to exit out of the technical recession, but more is needed to place the country and the property sector firmly on sustainable economic growth say property experts. The news that the country’s economy officially exited the recession after reporting 2.2% GPD growth in the 3rd … Read moreSA out of recession – more growth is needed say experts

Property Bill approved by parliament – why Rebosa has concerns with current version

One director late with his FFC registration or audit report and the entire business and all the estate agents employed there find themselves deregistered. Sounds absurd? Unfortunately, this is a reality should the Property Practitioners Bill be voted into law as it stands warns Jan le Roux, CE of industry body Rebosa. That day is … Read moreProperty Bill approved by parliament – why Rebosa has concerns with current version