MUNICIPALITIES’ ADVANCE RATE COLLECTION POLICY DECLARED INVALID
The Supreme Court of Appeal has ruled that municipalities that demand property sellers settle rates, fees and charges prior to receiving a rates clearance certificate may no longer do so. Transfer of the property to the new owners cannot take place without the certificate.
Aidan Kenny, director and property specialist at Werksmans Attorneys, says: “This is good news for the property market when you consider that municipalities were often demanding sellers pay up to a year’s rates, fees and charges prior to issuing a rates clearance certificate.
“This can add up to a large amount at a time when people are often financially stretched.”
The ruling was delivered on March 29 in the case of Nelson Mandela Bay Municipality v Amber Mountain Investments 3. The Supreme Court of Appeal had to decide whether the municipality was correct in requesting payments of rates for a year in advance by the seller before the transfer of the property.
“The ruling now vests sellers with the right to refuse to pay rates and charges for any amount beyond the date of the certificate when applying for a rates clearance certificate,” says Kenny.
SANLAM LOOKS FOR THE ENTREPRENEUR OF THE YEAR
The 2017 Entrepreneur of the Year competition sponsored by Sanlam and Business/Partners is open for entries.
Prizes valued at more than R2 million are on offer. These include cash prizes of R60 000 for each main category winner, and R160 000 for the overall winner.
Competition winners will also receive valuable mentorship support, networking opportunities and national media exposure.
The competition, which is in its 29th year, consists of five categories that entrepreneurs from emerging to small and medium businesses can enter.
Ben Bierman, managing director at Business/Partners, says: “Entrepreneurship can be a lonely endeavour, but also one of the most rewarding.
“Through the competition, we want to share the successes of these inspirational individuals who are making a difference, as well as create an environment in which entrepreneurs can engage, network and learn from each other.”
To enter the competition, download entry forms online at eoy.co.za.
You can also interact with fellow entrepreneurs and entrants on the competition’s social-media platforms: twitter.com/@EOY_SA and facebook.com/EOY.SA.
The closing date is May 31.