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December 2019 edition of SA Valuer now available online

Tuesday, 03 December 2019   (0 Comments)
Posted by: Kara Van den Heever
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SAIV Newsletter

From the President's Desk

Its time for another President’s letter and I really can’t believe how quickly this year has gone. Its been a tremendous year for the Institute as we have run many events which judging by the survey responses have been extremely well received.

 

 

 

 

 

 

From the GM's Office

It’s hard to believe that another year has already just about come and gone. Where did the time go?

As I reflect back on the year that has been; I am reminded of an extract from a book I came across through Henré Hablutzel; The South African Institute of Valuers, The First Eighty Years. 1909 – 1989 by JH Hermann(1992).

 

 

CBE Bulletin

The last issue of the CBE Bulletin for 2019 is out. The November issue is a patchwork of “all sorts of everything.” In observance of the National Disability Rights Awareness Month (3 November – 3 December) Amanda Gibberd, director of Universal Design and Universal Access in Public Transport at the Department of Transport contributed the feature article with useful pointers for built environment practitioners in planning, developing and construction.

 

Suspect All Is Not Okay? File A Voluntary Disclosure Report

As the national centre for receiving transaction and related information, conducting analysis and disseminating financial intelligence, the FIC (Financial Intelligence Centre) relies on the regulatory reports it receives from accountable (banks, estate agents, casinos etc.) and reporting institutions (motor vehicle and Kruger rand dealers).

 

 

Northern Branch Country Seminar held in Pretoria

Friday 4th and Saturday 5th October witnessed the Roodevallei Hotel and Conference Centre in Pretoria play host to the South African Institute of Valuers (SAIV) Northern Branch Country Seminar. Owing to the great speaker line up and insightful presentations they had prepared, the seminar was held over 2 days. It had a great atmosphere with a large contingent of delegates arriving clad in their Springboks jerseys as a result of the nation’s rugby team playing their second 2019 Rugby World Cup game on the first day against Italy.

 

Oakford Priory Investments (OPI)Pty Limited v The Member of the Executive Council (MEC) for Education for the Province of KwaZulu-Natal KZND Case No: 7535/2014 Lopes J. An application for leave to appeal was dismissed by Cachalia and Mathopo JJA (SCA 1278/18)

Valued at between R1,58 million and R112,5 million by valuers, based on the market, income and cost approaches. Lopes J found that all three methods, properly applied, should result in roughly the same value. The reason for the discrepancy in value was that some of the valuers did not include economic obsolescence in their depreciated Replacement Cost (DRC) calculation whilst others did.

 

 

Can your Body Corporate or Managing Agent switch off or reduce your electricity if you have not paid your levies?

The answer is a resounding NO.

Many owners in Sectional Title buildings who are in arrears with their levies are faced with the situation where their electricity supply is unilaterally cut off by the Trustees or Managing Agent. More recently, the practice of reducing the electricity was attempted in order to avoid court action against the Body Corporate. What can owners do in this situation?

 

 

South African Architectural Heritage. Legislation and Change

South Africa has ten sites listed on UNESCO’s list of World Heritage Sites. Five are listed for their cultural attributes (the Fossil Hominid Sites, Mapungubwe, the Richtersveld, Robben Island and the Khomani Cultural Landscape), four are listed for their natural attributes (Barberton Makhonjwa Mountains, the Cape Floral Region, iSimangaliso Wetland Park and the Vredefort Dome) while the Maloti-Drakensberg Park is listed for both cultural and natural reasons.

 

 

Articles of Interest

We have come across a number of interesting industry related articles that may be of interest to SAIV Members.

 

Disclaimer

This publication is an attempt to share information of interest with members and readers. Articles on products and ideas featured in this publication from other sources do not of necessity carry the endorsement of SAIV unless explicitly so indicated.

SAIV Contributions
• Email lerato@saiv.org.za or call  012 348 2757 to contribute news or provide comment etc.
• Email lerato@saiv.org.za or call 012 348 2757 if you work for a member firm and would like to receive a copy of this newsletter directly.
• News of member firms are generally provided by the firms themselves or copied from their newsletters or articles published in the media.

Copyright © SAIV 2019


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