AA - July 2020

3 steps to POPIA compliance – 16 July 2020

South Africa has become the latest African country to legislate the protection of personal information, with the country’s Protection of Personal Information Act (POPIA) in South Africa that came into effect on 1 July 2020…

BREAKING THE BOND – 14 July 2020

One of the tricky issues to be resolved during a divorce could be when the couple owns a property jointly and even more so when a mortgage bond is registered in both their names..

COMPLEX ELECTRICITY TARIFFS AND THE KNOCK-ON EFFECT ON LANDLORDS – 20 July 2020

With many South Africans working from home, residential users will be in for a shock when it comes to their electricity bills. The electricity tariff hikes came into effect from the 1st of July 2020 and these complex tariffs are not only frustrating, but they are hindering attempts by consumers to manage electricity costs at a time when, for most people, every cent counts…

CSOS ANSWERS FREQUENTLY ASKED QUESTIONS BY MEMBERS OF COMMUNITY SCHEMES – 9 July 2020

On 23 June 2020 CSOS acting Chief Ombud, Ndivhuo Rabuli, published a directive and answers to 43 frequently asked questions that have bearing on homeowners’ associations and body corporates. The questions range from general questions to specific questions relating to registration of community schemes, levies and fees and annual financial statements…

EAAB didn’t renew PI cover for estate agents – 16 July 2020

It was recently confirmed that the professional indemnity cover, that the Estate Agency Affairs Board (EAAB) arranged for all estate agents in 2017, lapsed about a year ago and wasn’t renewed without the regulator informing the industry of this yet…

There is a change in the way people are buying property in South Africa – amid a massive spike in home loan applications – 17 July 2020

The property sector saw a big jump in home loan applications in June, data from bond originator, Ooba shows. The second quarter of 2020 (Q2 20) commenced with two months of lockdown for the real estate industry. Estate agents were only allowed to resume work on 1 June under Alert Level 3, with home buying accelerating in June due to pent up demand created by the lockdown as well as historically low interest rates…