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CityPress - - Business & Tenders - COM­PILED BY AN­GELIQUE RUZ­ICKA

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.

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