Getting to know the new MD at LexisNexis
South Africa - Tech4Law
At the end of 2019, LexisNexis South Africa announced the appointment of their new Managing Director, Videsha Proothveerajh and the retirement of Billy Last. Tech4Law caught up with Videsha and got to know her a little better and also asked her what was in store for LexisNexis in 2020.
Tech4Law: Let us start at the very beginning. Your life journey from junior school, high school, home town and then on.
Videsha: Oh, let’s see, my home town is Phoenix which is an Indian community in Kwa Zulu Natal, so I’m a Sharks girl. I went to school in the community, then completed a BComm at the then University of Durban-Westville (UDW) before moving to Johannesburg. I was very ambitious growing up. I was bright and I was blessed in that I had parents who were very keen on me fulfilling my potential and told me to put in the hard work required if I wanted to achieve my dreams. They told me that the only limitations I had were those in my mind and that I could have, do or be anything I wanted.
SONA 2020: Real Estate industry calls for action
South Africa - Property360
SONA was upbeat but now is not the time for only words
A disenchanted real estate industry, many of whom say they have not seen the property market (particularly the luxury market) this bad in over 30 years – had one thing to say to President Cyril Ramaphosa after his State of the Nation Address – “a little less conversation and a little more action please”.
Despite an address that was upbeat, sentiment is that only action can change the tide of a nation in trouble. Some went as far as to say it was clear government could not fix the “broken economy’ and that the private sector had to step up to the challenge.
The highlights of Ramaphosa’s address included:
Land redistribution – the circumstances around expropriation without compensation would be spelled out,. On state land Ramaphosa said 44 000 hectares of state land had been released for land restitution and 700 000 ha of state land was still to be released this year for agricultural development.
EAAB offers reprieve for estate agents with historical debt
South Africa - EAAB
Estate agents who failed to notify the Estate Agency Affairs Board (EAAB) that they are no longer practicing have received a welcome reprieve that will allow them re-entry in the property market space.
To date 87 estate agents have benefitted from a special re-admittance practice note issued in June last year which ultimately allows estate agents who have historical penalties to re-enter the industry after fulfilling certain requirements.
EAAB Chief Executive Ms. Mamodupi Mohlala says practice note ETD022019 was issued following huge interest from estate agents who did not comply with the Estate Agency Act regulation which stipulates that all estate agents wanting to discontinue practice should notify the board in writing.