City of Cape Town International Property Tax Institute recommendations for an audit For its 2022 General Valuation (GV2022), the City of Cape Town (City) invited bids from suitably qualified organizations to undertake a review of the GV2022 process adopted by the Valuations Department. After the Bid Adjudication Committee completed its review of tenders
RATES CLEARANCES EXPLAINED What is a Rates Clearance Certificate? (RCC) A Rates Clearance is a certificate provided by a suitably qualified conveyancer, on application, to transfer the ownership of a property. This a legal requirement. The RCC certifies that there is no current outstanding debt due, by the seller, on the property. The Registrar of Deeds
The Berg Seminar took place at the Drakensberg Sun Resort from 7 – 8 August in the beautiful mountains and valleys of KwaZulu-Natal. Day 1 of this two-day seminar saw five presenters taking to the stage to share with delegates pertinent points on key topics within the property sector. Over the years, The Berg Seminar
A decision of a valuation appeal board is functus officio, meaning that a decision taken by a board is valid until it is reviewed by a higher authority. “The Functus Officio doctrine is one of the mechanisms through which the law gives expression to the principle of finality. According to this doctrine, a person, who may include
The draft general valuation roll is compiled by professional property valuers appointed by the municipality on a contract basis. POLOKWANE – Residents, in particular property owners, are urged to inspect the Polokwane Municipality’s 2024 to 2029 draft general valuation roll that will be available for scrutiny until April 30. A value on a local
Investing with Insight: The Evolving Role of ESG in Valuation In recent years, the investment world has witnessed a paradigm shift with the emergence and growing importance of Environmental, Social, and Governance (ESG) factors. This shift reflects a broader understanding that sustainable practices are not just ethically imperative but also critical in determining the
In Part 1 of this article, I covered the valuation of wind and solar farms in the context of municipal valuations with case studies from Australia, New South Wales and the USA. The second part of the article looks at the valuation of wind and solar farms in the context of municipal valuations, from
South Africa is a wonderful place to live – if we can just get rid of poor governance and crime. Europe, on the other hand, is a wonderful place to live if only it had a better climate, better law enforcement, and was less crowded. No place is perfect. Europe also faces a serious
Well, we have come to the end of another year. A year filled with challenges, successes and great events, both virtual and in person. Our Mentorship Programme continues to benefit those candidates who have been unable to secure a mentor or employment, and those who just wish to increase their exposure to and experience
Dear members It's that time of the year again when we find ourselves immersed in the last bit of tasks and deadlines before the year reaches a close. During this final stretch, energy levels aren't quite optimal, as we're looking forward to the well-deserved break! We've had a rather eventful 2023, and it's true
