AA - Apr 2020

A Letter from IEASA’s President – Christo Weilbach – 24 April 2020

At this stage I am sure that everyone’s nerves are raw and that frustration and uncertainty is high on the agenda. We are in uncharted waters and we need to swim. At least Estate Agents are known for their resilience and I know that our profession will come back from this stronger than before…

Four tips for being a smart renter – 30 April 2020

Most of us will be a renter at some point during our lives. It may be a stepping stone for somebody leaving their parents’ home for the first time. Or, you may choose to be a renter rather than a home-owner for the long term simply because of the appeal of the flexibility and lower short-term costs that come with being a tenant. As a tenant, there are various tips and strategies to follow to safeguard yourself…

The Burning Rent Question – April 2020

Landlords are confronted with the question of whether to excuse their tenants’ performance, the possibility of renegotiating payment terms and making amendments to the rental lease, and whether or not to pursue immediate defaults and take necessary legal action. Tenants, on the other hand, are frantically looking towards landlords for financial assistance while some are even preparing legal defences against non-payment, including the claim that the lockdown constitutes a force majeure or vis major event…

The most expensive streets and suburbs in South Africa – 27 April 2020

Research group New World Wealth has published its South African wealth report for 2020, highlighting where some of the country’s richest people choose to live. As part of the group’s research, it looks at the price of property per square metre in prime property areas across the country…

UPDATE ON CONVEYANCING ISSUES – 20 April 2020

The Cape Town Attorneys Association, referring to a note from the Chief Registrar of Deeds, confirmed that various communications have been addressed to the office of the Minister of Justice, motivating the re-opening of the Deeds Office as an essential service. We are currently awaiting the outcome of these submissions and our advices will follow as soon as positive details are known…

Voluntary liquidation of a company – April 2020

The lockdown regulations in essence affected all business owners who do not provide essential services. Not being able to trade for more than a month might prove to be the final nail in the coffin for businesses, already under financial strain prior to the pandemic…