With inflation within the target range and a sluggish economy struggling to regain impetus while the country experiences the worst drought in decades, the Monetary Policy Committee’s decision to further increase the repo rate by another 25bps was ill-timed, as a stable rate would have helped boost business and consumer confidence at a time when it is needed most, says Dr Andrew Golding, CE of the Pam Golding Property group.

Balwin Properties Limited successfully debuted on the main board of the Johannesburg Stock Exchange in the Real estate holding and development sector.

Balwin Properties announced that the offer for shares in relation to its listing was over-subscribed. 

Balwin Properties is looking to raise between R713 million and R1.6 billion ahead of its listing on the “Real estate holding and development” sector of the JSE main board on Thursday, 15 October 2015.

Nedbank Corporate and Investment Banking and Rabie Property Group have joined forces to complete the Burgundy Estate residential development in Cape Town with the first two projects totalling 370 units at a cost of R400 million due to get underway.

Share blocks can be complicated to run as they are classed as companies, and each owner of a unit has shares on the company.

Over many years of giving sectional title advice, I have seen a persistent theme of schemes charging levies on an equal "pro rata" basis, either for all expenses or for specified ones.

The root cause of most serious disputes in schemes is money. At the AGM, members have the opportunity to discuss, and have explained to them if necessary, how their money was spent. 

For various reasons, more and more people want to work at home rather than commute to an office every day, but this can pose a problem if they live in a sectional title (ST) scheme, and they may need to get the permission of the body corporate before they go ahead.

In most cases where sectional title schemes are placed under administration they would probably have been better off in the hands of the owners