Trending
Heat Index
Business
 
Read More
5
 
Read More
6
 
Read More
5

Calendar
October 2018
M T W T F S S
« Sep    
1234567
891011121314
15161718192021
22232425262728
293031  
Property
Most Recent
 
Read More
October 22, 2018

SA REMAINS AFRICA’S TOP PICK FOR FOREIGN INVESTORS

SA is still the most attractive financial market for international investors in Africa, according to the Absa Africa financial markets index.

The country remained in the top position for the second year running with a score of 93 out of 100, supported by strong financial market infrastructure and a robust legal framework.

Despite this, the report warns that SA’s macroeconomic performance deteriorated in the past year as it plunged into recession for the first time since the global financial crisis, exposing SA to “rising financial risks”.

This could result in the country being challenged for the top spot by the likes of Kenya, Nigeria and [...]

2
 
Read More
September 4, 2018

JUDGES GIVE BANKS A GRILLING OVER HOME REPO PRACTICES

A full bench of the Johannesburg High Court sat last week to deliberate on how and when reserve prices should be applied before repossessed homes are sold at sheriffs’ auctions.

For several legal and human rights groups admitted as friends of the court, this is a pivotal case to decide whether the banks’ right to recover a loan supersedes constitutional protections to dignity and property.

Things did not go well for the banks, who were berated by the judges for arriving in court without proper paperwork, expecting the courts to grant judgments against clients who were behind on their mortgage payments. This follows a number of cases where homes were repossessed by banks [...]

14
 
Read More
July 5, 2018

WHO GETS THE LAND?

The first day of public hearings on whether or not land should be expropriated without compensation, has yielded mixed reactions from those who came to make submissions.

The hearings kicked off in the Northern Cape town of Springbok on Tuesday and will also start in Limpopo on Wednesday.

Parliament’s Joint Constitutional Review Committee has been tasked to determine whether or not Section 25 of the Constitution should be amended.

According to Section 25 of the Constitution, property may be expropriated for a public purpose or in the public interest.

It also states that subject to compensation, the amount, time it takes and manner of payment, should [...]

8
 
Read More
July 4, 2018

CITY OF JOBURG TO RELEASE 600 NEW TITLE DEEDS

Over the next two weeks, the City of Johannesburg will be releasing more than 600 new title deeds to Joburg residents, Randburg Sun has reported.

New housing MMC Meshack van Wyk said in the coming 2018/19 financial year, the City aimed to release some 3 500 title deeds. This, he said, would empower the poorest residents, who would be able to give their families the security of permanent tenure.

“It is estimated that some 30 000 accommodation units are required in the short term to address the needs of the most vulnerable households.”

Van Wyk explained that, therefore, the current administration wants to speed up the delivery of title deeds. The City has, over the [...]

13
Top Stories
 
 
 
 
 
 
Health Tips
 
CAN YOU EAT YOUR WAY TO BETTER ASTHMA CONTROL?