An investigation into the application of legislation in the determination of compensation by valuers for overhead power line servitudes in South Africa
By Maritha Duvenage - Faculty of Engineering, the Built Environment - University of Cape Town
Minor-dissertation (MSc: Property Studies)

The aim of the research is to determine the impact of the conflict between the Constitution and the Expropriation Act 63 of 1975 and the consequences that it has on the valuation profession in terms of the valuation of land for the purpose of acquisition of servitude rights for overhead power lines. It is concerned with the current legislation, policies and precedent relating to the practice of valuation for compensation of overhead power line servitude in South Africa. Please note that anonymity will be assured during this survey. For further information or comments, you are welcome to contact the researcher at maritha@amppro.co.za


Please click here to complete the questionnaire.

THE SCOPE OF WORK FOR CATEGORIES OF REGISTRATION OF THE PROPERTY VALUERS PROFESSION

Listed valuations a complex but exciting space

The CBE Act impels the CBE to, after consultation with the Competition Commission (CC) and in consultation with the Councils for the Built Environment Professions (CBEP), identify the scope of work for each category of registration (section 21 of the CBE Act). The consultation with the CC was conducted. The CBE is keen to continuously engage the CC on the process of regulating the built environment professions. The CBE will also seek collaboration with the CC on the development and communication of an advocacy position on the regulation on the built environment professions.

Download pdf:

The scope of work for categories of registration of the property valuers profession

Click here to visit the CBE website.

Valuation has always played an important role in property, particularly in the listed sector where so many different parties have interests at stake. In the current economic environment, there is increasing pressure on valuers across all spheres of valuation - but particularly in listed property - to provide clients with information not just on the value of an asset today, but on how it is expected to perform going forward. Patrick O'Connell, operations director of Spectrum Valuations and Asset Solutions, tells Asset his views on the subject.

Click here to read the interview.

KZN MENTORSHIP PROGRAMME

EC Mentorship Programme

After we had completed the formalities and before lunch, the mentees surprised the committee members (and seriously humbled us).

They presented gifts to each of us (the KZN Branch Executives who are acting as Mentors) AND for the GM Office personnel (Lerato & Anne-Marie) AND for Robbie Roper.

This was the appreciation for the efforts being made to set up the programme on their behalf.

The Eastern Cape Branch wouldn’t be deterred by load shedding this past weekend when they held their first mentorship programme at the ERA Sun offices in East London. The session was well attended by very eager and enthusiastic Valuation students. We are looking forward to the next workshop in the next few weeks.

CONGRATULATIONS

Congratulations to Tracey Myers on her elevation to Fellow Member.

Tracey has been dedicated to the Valuation profession for over 20 years. Her involvement has culminated in the growth of the profession and in learning and development amongst valuers. She has provided lectures at the SACPVP Workschool, has lectured to undergraduate and post graduate students at WITS University, University of Pretoria and University of Johannesburg. She has also provided lectures for a number of institutions such as RICS and SAPOA. Tracey has served on the Services SETA Real Estate Chamber and currently serves on the Council for the Built Environment Appeal Board. She was recently nominated in the category ‘Professional of the Year’ by the Women’s Property Network Professional.

Thank you Tracey for your continued hard work and dedication to the profession and the Institute.