People & News
KZNLS talks tough
15 December 2004
The KwaZulu-Natal Law Society (KZNLS) recently adopted a motion calling for attorneys to sign affidavits stating that they do not "buy work".Proposed levy
23 December 2004
The Western Cape, eager to generate development funds, is to investigate the viability of introducing hospitality and commercial property development levies.Launch of GhostMortgage
25 February 2003
The Ghost suite of packages has grown! GhostConvey, the popular conveyancing package, now has an added mortgage origination feature - GhostMortgage.News from Homenet
25 February 2003
Homenet, South Africa's biggest estate agent group has entered into a mortgage origination agreement with Bond Choice, a mortgage originator.Transfer Duty Changes - 2003 Budget Speech
27 February 2003
In his 2003 budget speech on 26 February, the Minister of Finance, Trevor Manuel, lowered the transfer duty on fixed property sales to natural persons. These new rates came into effect on 1 March 2003. Companies, Close Corporations and Trusts etc have not benefited and will still attract transfer duty at the rate of 10% of the price.Do not change deals to skip tax
12 March 2003
It is illegal to try to change property sale dates to take advantage of the reduction in transfer duty.GhostMortgage increases fee income
12 March 2003
Korbitec introduced GhostMortgage to their 'Ghost' suite of products for conveyancers in February 2003. The new software is built into their industry-leading GhostConvey software, and the new module is supplied free to clients.GhostDeed now has credit search facility
20 March 2003
With the release of GhostDeed v3, TransUnion ITC (formerly ITC) has combined with Korbitec to add functionality that allows the user to perform credit searches in their vast database.The enemy within
15 April 2003
Link to a letter entitled The enemy within in the April 2003 De Rebus from Daan Steenkamp. He suggests that perhaps it is time to accept that the historical reasons for the provision of fee sharing are in retreat and that the removal or relaxation thereof could well rejuvenate legal practices.Mortgage bonds - judgment
30 April 2003
According to the report Banks lose out to cities in the Financial Mail (18 April), a surprise court judgment has deprived banks of mortgage security over their properties.
