What made you pursue a career in property valuations? I started work in December of 1962 as a trainee accountant at the Durban (eThekwini) Treasury Department, studying part-time for a commerce degree at the then University of Natal. In 1966, realising I was not cut out to be an accountant, I transferred to the
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
Authors: Sébastien Darrieux, Christian Schmidt, Arnaud Saint-Sernin, Martin Mauger, Chris Thorne. For several years in a row, supervisors have been working towards addressing structural deficiencies in banks’ credit risk management frameworks. The ongoing market downturn for commercial real estate (CRE) warrants particular attention, as it could have knock-on effects on the asset quality of
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
