Think twice before you simply accept those Ts&Cs
In recent years the internet has transformed the commercial landscape and redefined the way we do business. The movement away from traditional paper and ink has led to the electronification of everything, including the conclusion of contracts. Online shopping, signing up for Uber, creating a Facebook profile – all subject to the familiar “I have read […]
Selling a Property – Capital withholding tax – Non resident seller
NON-RESIDENT SELLERS OF IMMOVABLE PROPERTY From 1 September 2007, a purchaser of immovable property (which has been disposed of in excess of R2 million) is obliged to withhold the amounts set out below from the purchase price payable, if the seller of the property is not resident in South Africa: 7.5% where the seller is […]
What is reckless lending?
Michael Buxmann (PGDFP), a financial planner at Nedbank Wealth, responds: Reckless lending applies to any individual who is experiencing financial trouble due to the practice of negligent lending from credit providers. Let’s start of by looking at the law: The development of reckless lending can be identified by looking at three minimum requirements that credit […]
Average cost to build a new house up almost 7%
Feb 17 2017 18:56 The struggle to deliver affordable housing remains a challenge as the costs for a 50 sm home is +/- R 222 000.00 – and this is for the construction costs only – not considering the cost of the plot – read more in the article below – Meyer de Waal Article […]
5 things first-time home buyers should know
Buying your own home can be a daunting prospect. Many of us have spent our lives renting, so when we decide to take the step up to owning property we often aren’t quite as prepared as we should be. With this in mind, we sat down with Meyer de Waal, owner of My Bond Fitness […]
No drop yet in housing demand
Private Property South Africa Betterlife • Mar 23, 2016 In the financial year to end-February, the average price of homes on which new bonds were approved rose by 6,3% to just over R1m, according to the latest statistics from BetterLife Home Loans, SA’s biggest mortgage originator*. These figures also show that over the same period, […]
Buying a home ?- Do your homework first
Buying a property is one of the most daunting experiences you will ever go through. It does not matter if you are a first time home buyer – or it is your second or 3rd property. We deal with property transactions every day and that is why we decided to change the way property transactions […]
Rent2buy – Struggle to raise a bond?
Rent to buy feature in BusinessDay Homefront publication. The Rent2buy concept developed and fine-tuned by Meyer de Waal was recently featured in the BusinessDay Home Front publication. Strict lending criteria, as a result of increases in interest rates has led that the Rent2buy concept has proved to a solution for many to get their foot in the […]
Is it wise to pay a deposit when you invest in a property?
CAPE TOWN – In this advice column Tshireletso Rakgori from Alexander Forbes answers a question from a reader who wants to know if he should put down a deposit on an investment property he is buying or rather invest the capital elsewhere? Q: I have R100 000 in my savings account. I’m currently buying an […]
THE City of Johannesburg will not pin liability for historical property debt on new owners
THE City of Johannesburg will not pin liability for historical property debt on new owners. Instead, it will insist that a previous owner settle all outstanding debt against a particular property prior to it being transferred to the new buyer. The group finance department has hired a firm of consultants and attorneys to do this. […]
