It is a popular myth on the Vaal river that the yellow Rand Water beacons on a river property indicate where the flood line is. These yellow poles specifically do NOT indicate the flood line. They actually indicate the beginning of Rand Water's property! The history behind these yellow beacons is that in 1923 Rand Water ...

The Barrage is a series of steel gates installed between concrete piers right across the Vaal River, about 35 km downstream from Vanderbijlpark, in Gauteng. There are 35 concrete piers supporting 36 steel gates (sluices) – each ten metres by eight metres – built in Scotland and installed by Rand Water in 1923. The reservoir ...

If you are a foreigner and interested in buying property in South Africa, you may find the following useful: First of all, you must be a 'legal' foreigner, i.e. in possession of either a temporary or permanent residential permit; You will be required to pay a deposit of at least 50% of the purchase price; You will also have to ...

What is more expensive? Sectional title or full title homes? "At stages during the pre-2008 house price boom, the average price of a three-bedroom sectional title home was in excess of 20 percent higher than the average for a three-bedroom full title home". According to an IOL Property newsletter that is no longer the case, as the ...

A buyer may revoke his offer to purchase, if: The purchase price of the property is R250 000 or less, and The offer was made by a natural person (not a company or CC), and It is done within 5 days, in writing, and The property was not bought on auction.

What is a mandate? When a seller instructs an agent to sell his property in return for payment in the form of commission and the agent accepts the instruction, a mandate has been formed. What is an open mandate? This means that any agent who received a mandate is entitled to market and sell the property. No agent ...

CGT forms part of your income tax and is a tax on the profits you make from selling something that you own (that is not otherwise taxed) It therefore only comes into effect when you dispose of an asset, called a CGT event. You will NOT be paying CGT on your primary residence if: it is registered in the ...

Following up on our previous blog about obtaining an Approval In Principal from your bank to make your Offer to Purchase more appealing, here are some more details. What are the advantages of obtaining a pre-approval? Before searching for a home, you can obtain pre-approval for a loan of a certain amount from a bank or through ...

As river property consultants we generally have two types of clients looking for a weekend place; those who mainly want to take part in motorised water sports and those who have a need for peace and quiet. Fortunately there are spots to be found to satisfy these diverse recreational needs. The question we get asked the ...

Since 2009 it is the responsibility of every home owner in South Africa to pay taxes to the local authority, no matter how the property is registered; full title, sectional title, real right, share block. It is vitally important that the rates and taxes on your property are paid up to date, for without a clearance ...