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Are arrear levies threatening your community scheme’s financial stability? The non-payment of levies potentially has severe consequences for community schemes. Body corporates are unable to fund the day-to-day expenses and necessary maintenance and repair projects.
READ MORECan you believe that the Training Academy for Community Schemes (TRACS) was officially launched just a little over a year ago? Since then, hundreds of property owners, residents, buyers, and managers in South Africa have completed the Introductory Guide for Sectional Title Owners - for FREE!
READ MOREWith the next holiday period about to kick off, we know that many families will spend their holidays away on vacation. We always advise our communities to be extra vigilant during the holidays and ensure their community schemes' safety and security.
READ MOREIn this blog, we continue our series on tips for bodies corporate to navigate a financial crisis. (See part I and part II). As body corporate members, unit owners are legally bound to pay their monthly levies. However, tough economic times can result in homeowners falling into arrears.
READ MORESouth Africa celebrated National Water Week from 20 to 26 March. This event aims to raise awareness about water conservation by discouraging irresponsible water use.
READ MOREWant to power up your sectional title unit? President Cyril Ramaphosa outlined a number of steps to deal with the country’s energy crisis in his State of the Nation Address (SONA) on 9 February 2023. Economists expect over 250 days of load-shedding in 2023, even more than in 2022.
READ MORESTS Chief Executive Officer, Johnny Wates announced the launch of the STS Investment Holdings Employee Trust in 2022. This initiative aims to share the financial benefits of the group’s growth and success with qualifying employees.
READ MOREDomestic violence has a devastating impact on the lives of victims. However, the ripple effects often extend beyond the home, impacting more lives than that of the victim.
READ MOREDisconnecting the electricity, or limiting the water supply of a unit owner or occupier for failing to pay their consumption charges for that electricity or water has never been easy. The law is far from certain as to when this is and is not enforceable. Some applications are granted, and some are not, whether opposed or unopposed.
READ MOREPresident Cyril Ramaphosa signed the Sectional Titles Amendment Act 13 of 2022 into law on 22 December 2022. The Act was published in the Government Gazette on 5 January 2023, and also came into effect on that date. Click here to access the new version of the Sectional Titles Act 95 of 1986 (“the STA”), with all of the amendments.
READ MOREIn Part 1 of this commentary, we set the scene by laying out what s 57 of the Community Schemes Ombud Service Act 9 of 2011 (“the CSOS Act”) provides in respect of the limited right to appeal against CSOS adjudication orders.
READ MOREThe National Energy Regulator of South Africa (NERSA) recently announced the decision to grant Eskom a tariff increase of 18.65%. The electricity price hike would come into effect on 1 April 2023.
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