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We are pleased to present below all posts archived in 'June 2025'. If you still can't find what you are looking for, try using the search box.
In sectional title schemes, trustees play a crucial role in overseeing the day-to-day management of the scheme on behalf of the body corporate. But what happens when those trustees fail to act in the scheme’s best interests — or worse, cause harm through mismanagement or misconduct?
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Johlene Wasserman, the driving force behind VDM Attorneys' community scheme and compliance division, worked for both the CSOS and the PPRA and understands schemes and their legal complexities. She has positioned herself at the forefront of community scheme and property practitioner compliance, protecting the interests of homeowners, tenants, and trustees alike.
According to the city, persistent non-payment by property owners has significantly affected its ability to operate efficiently. In response, it has introduced a stricter enforcement mechanism, aimed at recovering debts before a transfer of ownership is finalised.
In a landmark judgment handed down by the Gauteng Division of the High Court, the court made it clear that bodies corporate may not withhold a levy clearance certificate as a means of enforcing compliance with scheme rules or municipal laws — where all financial obligations to the body corporate have already been met.
Estate administration can be held up by a wide range of issues — many of which are avoidable with proper foresight. While some delays are due to regulatory backlogs or institutional inefficiencies, many are caused by personal oversights that could have been addressed well in advance. Understanding these obstacles is key to preventing unnecessary hardship for the family members left behind.
The Monetary Policy Committee (MPC) of the Reserve Bank lowered the repo rate by 25 basis points at its May policy meeting, after stalling the rate-cutting cycle in March. This was the fourth rate cut since September last year, with the prime overdraft rate of the commercial banks now standing at 10.75%. Compared to the beginning of 2020 (just before the Covid-19 pandemic), the prime rate is still 75 basis points higher.
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