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We are pleased to present below all posts archived in 'February 2025'. If you still can't find what you are looking for, try using the search box.
In terms of section 11 of the Prescription Act 68 of 1969, some debts expire after 3 years from their initial due date, whilst others, such as debts secured by way of mortgage bonds and other security loans, expire after 30 years.
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Ethically, if an agent knows that a property has a violent or controversial history, disclosing this information—or at the very least, advising the buyer to conduct further research—aligns with best industry practices.
The definition of expropriation remains a concern, but it is important to note that the new Expropriation Act's provisions are subject to the provisions of section 25 of the Constitution, which has not been amended. The latter section requires that compensation be just and equitable.
In South Africa, disclosure requirements under the Property Practitioners Act (PPA) create a framework for transparency, but when it comes to non-physical defects like a property’s history, the legal picture is far from clear.
In South Africa, a house may have been the site of a murder, suicide, or violent crime, yet buyers often move in completely unaware of its past. Unlike structural defects, which sellers are legally required to disclose, the psychological history of a home is not considered a material defect under South African law.
The signing of the Expropriation Bill by President Cyril Ramaphosa on 24 January 2025 has reignited debates over land reform, property rights, and economic stability in South Africa.
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