Exclusive Use Areas In Sectional Title Properties
Following on from our article on Buying in a Sectional Title Scheme, we delve a bit more deeply into Sectional Title Schemes, more specifically Exclusive Use Areas (EUA). To recap, a Sectional Title Scheme is a complex or development where a person purchases a section together with an undivided share in the common property. Sectional… Read more »
Read Complete Article >
Foreign Exchange & Transferring Money Abroad
From Trump to the constant uncertainty around Brexit, China’s growing influence throughout the world and the current situations in Iran and Syria, it’s safe to say the world is a rather unpredictable place at the moment. Of course, all this unpredictability has effects that are far reaching and one of those is currency. On a daily… Read more »
Read Complete Article >
National Budget Speech Summary 2019
This week the Minister of Finance delivered the annual Budget speech for South Africa’s year ahead. In his speech, the Minister, Tito Mboweni placed emphasis on ridding the government of rot in order for new growth to take place – a clear indication that the ruling party are trying their best to clean up the… Read more »
Read Complete Article >
The Ramaphosa Effect On The Rand
Since the last few trading days in November the value of the Rand has appreciated significantly when measured against the Dollar, the Euro and the Pound. In the days leading up to the African National Congress (ANC) conference, 18th Dec 2018, we saw an ailing Rand where political and economic risks were generously priced into the… Read more »
Read Complete Article >
Motor Vehicle Registration for Non Residents
UPDATE (04/09/2018): Many of our clients are struggling at the Traffic Department to register vehicles or obtaining a Traffic Register Number. We have tried to get further information from the Traffic Department with no success, and therefore the information in this article serves as a guideline using the information we were able to obtain previously… Read more »
Read Complete Article >
Transfer Duty, Withholding Tax & Capital Gains Tax (CGT) 2017
With the announcement of the annual budget towards the end of last month, Minister of Finance, Pravin Gordhan focused on key issues of reducing government spending and working towards radical economic change. While the main interest for most of us was the rise in Income Tax, for those looking to purchase or sell property it… Read more »
Read Complete Article >
Property Transfer and Bond Cost Sheet
Our property transfer and bond cost sheet gives an overview and simple breakdown of the costs involved when purchasing property in South Africa. These costs include attorneys fees (plus VAT), deeds office fees and transfer duty (for the total transfer costs). Please note that this cost sheet shows approximate costs and you should check the… Read more »
Read Complete Article >
South African Budget Summary 2017/18
Yesterday Minister of Finance for South Africa, Pravin Gordhan delivered his annual Budget Speech, focusing on the 2017/18 year ahead. In his address, he spoke of Government’s plan for growing a stronger economy and having a budget that can thrive and deliver to the country’s citizens over the long term. Expected economic growth this year… Read more »
Read Complete Article >
You and Your UK Pension
Reviewing a UK Pension – Do I need to move it upon arrival? Speak to anyone relocating from the UK who has a UK pension and they will tell you that they’ve been approached by a financial advisor recommending their pension is moved to a QROPS². Often the approach is made within a short time… Read more »
Read Complete Article >
Brexit & The Currency
We’re now into month four after the Brexit referendum. The leave campaign was looking like it would suffer a defeat at the hands of the stay campaigners, but as we all know, what would come around at 2am the following morning would be the biggest upset in the governments history. The uncertainty has spooked the… Read more »
Read Complete Article >