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


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Listed valuations a complex but exciting space

Identification of Work (IDoW) Update

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.

The approach being followed with the IDoW process moving forward.

The CBE is following its statutory mandate to, after consultation with the CC and in consultation with the councils for the professions, identify the scope of work for each category of registered persons. This follows recommendations made by the six councils for the built environment professions (CBEP). The CBE, as per the professions acts (the six acts establishing the CBEP) and the Council for the Built Environment Act, 43 of 2000 (the CBE Act), has the statutory mandate to identify work. The CBE has identified the scope of work for each category of registration and is interpreting the scope of work as “the range of work performed by a registered person in terms of a specific piece of legislation other than the legislation that created the councils for the professions, or the statutory duties which may be performed by a registered person.”

Download: IDoW Update – 30 September 2019.pdf

Click here to visit the CBE website.

EC Mentorship Programme

pRACTICAL WORKSCHOOL

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.

SAIV was invited to present at this year’s Practical Workschool which was held in Johannesburg on 12 - 16 August 2019. The workschool was attended by over 50 Candidate Valuers.  SAIV President, Tracey Myers spoke on the role that the SAIV plays in the Valuation professions, along with the benefits of SAIV membership.

CONGRATULATIONS

SAIV President and Standard Bank CIB Risk Senior Valuer, Tracey Myers received a very well deserved nomination for the Professional of the Year award – Private Sector hosted by the Women’s Property Network. Congratulations Tracey!