People & News
Draft Property Rates Bill
14 May 2003
The period for Public comment on the draft Local Government Property Rates Bill has ended. The draft bill - GN 850 GG24589/18-3-2003 - is worth considering since on enactment it will empower each municipality to formulate its own rates policy, thereby boosting municipal revenues and establishing a uniform rating method in South Africa.Property Rates bill criticism - from farmers
21 May 2003
The proposed Property Rates Bill will reduce agricultural land values and ultimately threaten food security in SA and the region, according to the Business Day of 16 May.Property Rates bill criticism - general
21 May 2003
The provision in the Property Rates Bill that bases municipal rates across the country on the improved value of properties amounts to a partial expropriation of a portion of the value of a property's improvements, according to the Business Day of 15 May.Bond market statistics for 2002
28 May 2003
According to the latest Reserve Bank Quarterly Bulletin, of the R123 billion worth of new mortgage loans and advances granted by the banks last year, R86,7 billion were to fund the purchase of 'dwellings and flats'.Deeds Registries Amendment Act
28 May 2003
The Deeds Registries Amendment Act 9 of 2003 has been published and came into operation on 30 April.Rates Bill jitters
28 May 2003
Homeowners, estate agents and the agricultural and communal land sectors have raised fears about the Property Rates Bill. These fears may be unfounded, according to Yunus Carrim, chairman of Parliament's Provincial and Local Government Committee.Home loan giant
18 June 2003
A merger between the PA Groups' mortgage origination subsidiary, PA Homeloans, and mortgage originator BetterBond is on the cards.Access to information about home loans
02 July 2003
According to a report on News24, the right of ordinary citizens to have access to information about their home loans will soon be tested in court.FNB Homeloans tops
02 July 2003
First National Bank HomeLoans (FSR) has been rated the top provider of home loans in the recently released PriceWaterhouseCoopers Annual Survey of South African Banks for 2003.Nedbank's reasons for bond refusal application
09 July 2003
Following last week's report on the first court application against a bank since the Promotion of Access to Information Act 2 of 2000 became law, we look at the reasons given by Nedbank for refusing access to the information.
