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"You're hired!" Zuma tells Sexwale
RealEstateWeb - South Africa
Now go out and solve the housing crisis, Tokyo. Details, analysis about duo facing up to South Africa's biggest property problem.

South Africans will have to get used to the term the Department of Human Settlements formerly known as the Department of Housing and its new Minister Tokyo Sexwale.

Sexwale was sworn into President Jacob Zuma's cabinet on Sunday and is tasked with taking a holistic approach to dealing with housing issues in South Africa.

His deputy, Zou Kota has been a Member of Parliament (MP) since 1994 and chairperson of the Housing Portfolio Committee. Her experience with the complex arena of housing should be useful to former businessman Sexwale even if the committee has at times underperformed. In the last parliamentary session, the committee refused to take part blame for the xenophobic violence that broke out in South Africa in May 2008. In a survey of affected areas by the Human Sciences Research Council, many respondents said competition for housing and the perception that foreigners were "jumping the queue" had sparked violence in some areas.

SCA finds abstract theory of transfer applies to immovable property
ITA- South Africa
Legator McKenna Inc v Shea (143/2008) [2008] ZASCA
In a landmark judgment, the SCA confirmed that the abstract theory of transfer applies to immovable property.

In accordance with abstract theory, the requirements for passing ownership are twofold, namely delivery (which is effected by registration of transfer in the Deeds Registry) and a 'real agreement' of which the essential elements are on the one hand the intention on the part of the transferor to transfer ownership and on the other hand the intention of the transferee to become owner of the property.

Residential landlords struggle to collect rent
Business Report - South Africa
The number of residential property tenants not paying their rent increased to an "alarming" 19 percent in the first quarter of the year from 14 percent in the previous quarter, according to the latest Rental Payment Monitor.

The monitor, compiled by credit bureau Tenant Profile Network (TPN), stressed that the overall payment trend "remains in a state of decline" despite the percentage of tenants making full rental payments on time improving to 57 percent from 54 percent.

But it also noted an improvement with the percentage of tenants paying late falling to 14 percent from 21 percent and those making only a part payment falling to 10 percent from 13 percent.
Business Report

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