ARTICLES COVID-19 [2020]

CAN AN ESTATE AGENT BE BARRED FROM ENTERING A SECTIONAL TITLE DEVELOPMENT DURING ALERT LEVEL 3? – 23 June 2020

It is common practice for a property owner or investor to appoint an estate agent to either list and sell his or her unit or to manage the rental thereof. Such estate agent acts on the written authority of the registered owner and is allowed to perform certain acts or duties, which include entering the sectional title development to take photos of the unit, to conduct an ingoing or outgoing inspection or to show the unit to a potential purchaser or lessee…

Covid-19 : 21-Day Lockdown – 24 March 2020

Following the announcement from our President Cyril Ramaphosa of a 21-day lockdown commencing midnight on Thursday, 26th March 2020, STBB hereby advises as following: The Deeds Offices will close on the 26th March until further notice…

COVID-19 AND SUPERVENING IMPOSSIBILITY – 20 March 2020

Much has been written in the past few weeks on the effect of unanticipated occurrences on contractual obligations to perform. Here follows a brief discussion of the principle of supervening impossibility and some of the important case law that are relevant in the context…

CREDIT LIFE INSURANCE – 30 April 2020

While the debt relief holiday announced by South Africa’s major credit providers was a welcome relief to many, there are alternative measures that very few South Africans are aware of, although they are already providing for them…

EAAB COVID-19 Support Measures for the Real Estate Sector – 14 May 2020

The property industry is an important economic driver and as the regulator, the Estate Agency Affairs Board (EAAB), believes it is imperative that is pursues relief measures and offers assistance to mitigate some of the challenges its stakeholders are facing during this unprecedented outbreak…

Has Covid-19 triggered a fundamental shift in SA’s housing market? – 18 August 2020

The near-universal lockdown of global economies earlier this year as governments attempted to contain the coronavirus is unprecedented, with the social and economic consequences of the initial lockdown and subsequent gradual easing of restrictions still unfolding, making predictions in terms of the economy – and South Africa’s housing market – extremely difficult. The level of activity in the housing market in the months since real estate agencies were allowed to reopen (1 June 2020 at Level 3) surprised market analysts…

Leaders: How to stop panicking… and carry on – 20 April 2020

Working from home is the new corporate way of doing business as lockdowns and quarantines continue in several countries across the world in a bid to curb the spread of the coronavirus. As employees adapt and settle into making one location a place of recreation and professional productivity, some are adjusting to working harder than they ever have because of panicked leadership…

New regulations as South Africa waits for updated lockdown plan – 21 April 2020

Government has published a number of new and revised regulations as the country waits to hear its plan around lifting the five-week-long countrywide lockdown. President Cyril Ramaphosa met with his cabinet on Monday (20 April) to finalise a set of measures to respond to the impact of the lockdown as well as plans for the country once the lockdown is lifted…

This is the permit you need to travel under South Africa’s new curfew – 12 July 2020

Government has reintroduced an evening curfew in South Africa as part of a number of new restrictions aimed at curbing the surge of coronavirus cases in the country. In a national address on Sunday evening (12 July), President Cyril Ramaphosa said that the curfew will be implemented between 21h00 and 04h00 daily. The curfew comes into effect from 21h00 on Monday evening (13 July) and does not have a set end date…

Unemployed, Can’t Pay Bond and Credit Instalments? “Credit Life Insurance” May Save You – June 2020

If you are one of the many employees retrenched or put on short pay or unpaid leave as a result of the COVID-19 crisis and lockdown, you will be wondering how to cover the monthly instalments on your mortgage bond and other credit agreements. You have no doubt heard of the “payment holidays” banks are offering, but remember that although these are a lot better than losing your house, car etc, they are no free lunch. Interest and fees will still be building up…