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Directors
Whilst the new Sectional Title Schemes Management Act 8 of 2011 (STSMA) makes provision for a reserve fund to be established by the body corporate of a sectional scheme, the need may still arise for a special contribution to be levied. In terms of Section 21 of the Management Rules of the STSMA, a special...
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Venns is proud to participate, once again, in National Wills Week. From the 11th to 15th September, we will provide free, basic wills to people making a will for the first time. In addition to this, our focus is on your existing will – keeping it up to date and accurate. Rule of thumb: if there’s been...
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Buying and moving into your new home is one of the most important milestones in your life. It should be a happy occasion and not related to stress or debt. Late last year the Pretoria High Court dealt with a case concerning who is liable for municipal debts on a property. On the 29th August the...
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The South African Hunters and Game Conservation Association (“SA Hunters”) brought an application in the Pretoria High Court against the Minister of Safety and Security to declare sections 24 and 28 of the Firearms Control Act (“the Act”) as unconstitutional. In terms of the Act, firearm licenses have a limited lifespan and are required to...
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Grandparents in South Africa often find themselves as the day to day carers, guardians and financial support for their grandchildren. Other times they are only weekend/monthly/annual visitors. How does the law deal with the rights and responsibilities of grandparents? The natural or adoptive parents always come first in the eyes of the law. They have...
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The new Sectional Title Schemes Management Act 8 of 2011 (STSMA) which commenced on 7 October 2016, provides for 8 prescribed conduct rules in a sectional scheme. This is slightly less than the 11 previously prescribed in the Sectional Titles Act. On the opening of a scheme however, or during the life of the scheme,...
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A new era in the ownership of agricultural land appears to be on the horizon. The government has long held the view that foreign ownership of land especially agricultural land should be strictly regulated. On Friday 17th March, the above-mentioned bill was published for comment, the period for comments will expire on 16th April. The...
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The transfer duty exemption value has been increased by 20%. The first R900 000.00 of the value of a property is now transfer duty free. Important to note is this applies only to property acquired from the 1st March 2017.
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January 2017 The reward of energy, enterprise and thrift is taxes. William Feather The Taxation Laws Amendment Act No. 15 of 2016 (promulgated on 19 January 2017), introduces Section 7C into the Income Tax Act, 1962. Who needs to know about this? Any person who has made a loan or advance to a trust, in...
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“Is there no end to the greed of this regime?  I built and paid for the road, it is mine not the Government’s.  Any traffic officer attempting to fine any user on my road will be charged with trespassing.” The quote above is to be found on the Web and was written in response to...
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