As property inventory shortages and rising prices continue to push the market into the seller’s favour, some may be tempted to sit back and wait for the offers to purchase to come flooding in. However, says Adrian Goslett, CEO of RE/MAX of Southern Africa, even in a market that favours sellers, those who want to achieve the optimum results need to ensure they are prepared and stand out from the competition. “There is no doubt that conditions we are currently experiencing in today’s market make it the ideal time to list property, however sellers still need to focus on showcasing their property and its best features in order to gain a competitive edge over other homes on offer and realise their home’s true potential,” says Goslett. “To sell a home at the best possible price within a reasonable time frame requires not only the right real estate professional, but also some effort on the seller’s part.” He adds that this does not mean that sellers need to completely change the existing property or undergo costly renovations - it simply means that sellers should work on highlighting the home’s prime selling points. “Subtle changes can make a big difference if done correctly. Small modern updates to areas around the homes can give the entire home a fresh, contemporary look and feel, without costing a lot of money. A fresh coat of paint and ensuring the home is tidy is already an excellent start to ensuring that the home is in show-day condition,” advises Goslett, who offers a few additional pointers to have the property in top form: Kitchen - the heart of the home Possibly one of the most important areas, referred to as the heart of the home, is the kitchen. As an area that is often the make-or-break deciding factor for many buyers, an updated kitchen can increase the value of the property and will leave a lasting impression. “Refurbishing countertops and cupboards, along with updating large appliances will modernise and reinvent the space completely,” says . . .
Purchasing or renting property can be quite a complicated process as well as being the largest financial investment for most of the people throughout the world. Every buyer should consider a few vital matters such as desired location, savings and monthly repayments. Before buying a property, an individual should always rely on the counsel of a reputable property agent. Warehouses4Africa-Rawson Commercial Blouberg acts as the ideal place for making a buyer stress-free and providing tailor-made environments, area and space that are designed in sync to individual’s requirements. From commercial to industrial space along with retail and offices, Warehouses4Africa-Rawson Commercial Blouberg is the ultimate hub for providing solutions of rent and sale of property throughout Western Cape. Warehouses4Africa-Rawson Commercial Blouberg gladly announces its latest offer for creative office and retail space to rent in Cape Town. The most leading places are Montague Gardens, Brackenfell, Milnerton etc. where the company takes pride as being market leaders. Sizes of offices start from 73m² and prices are negotiable too. The company offers A-grade office, retail, factory and warehouse space to rent in Cape Town at such amazingly affordable rates which can make anybody just spellbound. All the commercial, industrial and retail properties are situated in excellent locations which include good public transport and maximum exposure to the wide amount of passing traffic. Offices are nicely carpeted, fully air-conditioned along with modish finishes throughout. In short Warehouses4Africa-Rawson Commercial Blouberg alleviates clients from stress and assists to successfully navigate the home buying process. To know more information and come in contact with the broker team, visit http://warehouses4africa.co.za/ . About Warehouses4Africa-Rawson Commercial Blouberg: Being in the industry since 2013, Warehouses4Africa-Rawson Commercial Blouberg proffers fast and efficient services . . .
It cannot be emphasised often enough that the correct pricing of a property is critical to its success in selling for the best price in the shortest time. “Those properties which are not correctly priced are known to sit on the market for anywhere between four to six months and often end up selling for less than what the seller had asked for anyway,” says Debbie Justus-Ferns, manager of Renprop Residential Resales. However there are also many other factors for sellers to consider when putting their home on the market. Justus-Ferns says that sellers have a lot to take into consideration in today’s market in order to perfectly pitch their price and ensure a successful sale within a short time frame. Justus-Ferns outlines six key areas for sellers to focus on: 1. Sole mandates are the best way to sell Sole mandates with a reputable and professional real estate agent or company are the best way to secure a sale in the current market conditions. “Sellers often think that the more agents working on selling their home, the more buyers they will be able to attract. This is not often the case, as the buyer pool is only so big. A sole mandate allows for one agent to focus more time and marketing resources on selling the property, which minimises the logistical hassles of dealing with a number of agents.” 2. The quality of the offer counts It’s not only the price that counts when sellers receive an offer on their property, but also the terms and conditions attached to the offer as well as the quality of the buyer. “The first offer sellers get is more often than not the best one. Sellers must also remember that the banks are more risk averse, meaning that they need to see the value in the property. This is why correct pricing is so essential. Cash offers, although few and far between, and clean offers with no terms and conditions are by far the best.” 3. Don’t test the market Serious buyers are looking for serious sellers, so don’t test the market. “Sellers who . . .
Savvy business and leisure travellers want to make sure they have two passports so that they can make the most of the benefits that dual citizenship provides. This is according to James Bowling, CEO of Monarch&Co, a company specialising in residency and citizenship by investment programmes around the world. “Dual nationals who have more than one passport say that having a choice of which passport to use can be extremely beneficial when travelling, especially when it comes to overcoming visa restrictions and entry requirements.” According to statistics, it is estimated that only around 1% of the world’s population have two or more passports, making dual citizenship an exclusive privilege. While in the past it was only possible for people to attain dual citizenship through their ancestry or emigration, many countries have now made it possible for applicants to gain citizenship or residency through various investment programmes. “These residency and citizenship by investment programmes provide an avenue for investors with no links to any countries outside of South Africa to gain residency or citizenship through either a business investment or the purchase of residential property,” explains Bowling. Currently there are several countries offering such programmes such as St Kitts & Nevis, Grenada, Mauritius, Malta, the USA, Portugal, the UK and Cyprus. The primary advantage to dual citizenship is the ability to travel to and stay in a far wider range of countries with fewer visa requirements and restrictions,” says Bowling. “South Africans typically find travelling abroad difficult due to some of the onerous visa requirements they have to meet. Visa applications are both costly and time consuming, sometimes taking weeks or even months to be processed.” South Africans needing to travel abroad urgently are subjected to paying premiums to fast-track their visa applications in order to be accepted in the foreign country without any hassles. Bowling has gone . . .
Purchasing a property can be a rather complex process, not to mention the fact that it will likely be the largest financial investment that most people make, says Adrian Goslett, CEO of RE/MAX of Southern Africa. It is for this reason that he advises buyers to take their time when deciding to buy a home and systematically work through the process by asking themselves a few vital questions, along with seeking the counsel of a reputable real estate professional. “Stepping back and taking the time to answer some key questions will help to alleviate some of the emotional stress and assist buyers to successfully navigate the home buying process. The answer to each of the questions will provide the buyer with some guidance and will form an essential part of making a well-thought-out, informed decision,” says Goslett. According to Goslett, the key questions are: Location - where do I want to live? Goslett says that aside from the fact that location weighs heavily on a property’s potential return on investment, this question is more related to where the buyer would actually like to live. Buying a property should be regarded as a long term investment, so it’s vital that the buyer purchases a home in an area they can see themselves in for at least ten years. “Online property search portals are an excellent source of information for buyers that enables them to narrow down a location and type of property they would like to stay in. These sites also provide a list of amenities in the area as well as the price range of property in a particular suburb. Depending on the buyer’s life stage and future plans, certain aspects will carry more weight than others during the decision-making process. These elements could include proximity to schools, medical facilities or entertainment nodes, along with the distance to their place of work. All of these factors will have a bearing on the decision and will help the buyer to eliminate certain areas and streamline the process . . .
Many South Africans aspire to homeownership because they want to have a piece of land that they can call their own, an asset that they know will appreciate in value and provide them with a foundation for financial security. Adrian Goslett, CEO of RE/MAX of Southern Africa, says that while a owning a property is considered to be an asset – is every home a true asset? “If you read the dictionary definition of the word ‘asset’, it would describe it is any item of economic value owned by an individual or corporation, especially that which could be converted to cash. Well, that may be the definition of the word, but what is a true asset? Is it something that sits on the bottom line of your balance sheet or is it something more?” asks Goslett. “The real determining factor of what makes a true asset is something that generates an income in excess of the expenses it takes to retain it. While real estate investment can be that asset, just remember to make your money when you buy it and not when you sell it.” Goslett advises that when it comes to property investment, the golden rule is to always purchase a property that represents good value. “Although this means that the process of buying a property may take a lot more time and research, there are still excellent opportunities available to property buyers with access to finance. Buying a property that offers good value for money will mean that buyers are already ahead of the curve and won’t have to wait for the next boom to see any real capital appreciation in the property’s value,” says Goslett. According to Goslett, in order to determine whether a property is a true asset, the buyer will first need to work out whether the costs of maintaining the property and paying the monthly expenses are less than the income generated by the said property. The operational income, which is the rental amount minus tax, should outweigh the total monthly cost of owning the property. The profit generated from this true asset, if . . .
It is not a secret that most South African companies are not only dedicated to doing business with black-owned suppliers, but are also committed to the sustained success of these suppliers. In light of the new BBBEE codes most of these companies are putting in place Enterprise Supplier Development (ESD) programs to help achieve and show this commitment. However, despite their well intentions I have found that the majority of internal ESD programs are missing some vital components. In my opinion, there are two main causes for most internal Enterprise Supplier Development (ESD) programs not being as effective or successful as they can be: 1. companies leave the programs entirely in the hands of their internal staff without providing any training to upskill or reskill them; 2. program components are not focused on the critical aspects of business development support that benefit the suppliers. While these companies are dedicated to the development of their black-owned suppliers, supplier relationship management or supplier diversity management is not in their wheelhouse. In other words, Enterprise Supplier Development (ESD) is not their core business, nor should it be. Procurement and Transformation departments typically have a small staff count that is tasked with a huge amount of responsibility that leaves them with little time, resources or enthusiasm to dedicate to developing black-owned suppliers. Additionally, most professionals in these departments have not owned businesses themselves and are not skilled at training and developing business owners. As a result many internal Enterprise Supplier Development (ESD) programs focus most of their attention only on operations management issues like process, quality and delivery improvement. Quite frankly, most small business owners are great at delivering a stellar product or service, but most are not great Innovators. If this critical business development support component is left untouched, operations . . .
On 29 September 2014 the Department of Labour published the Draft Code of Good Practice on Equal Pay for Work of Equal Value (Code) for public comment, just under two months after the Employment Equity Amendment (Amendment Act) came into effect. According to Lauren Salt, Associate in the Employment practice at Cliffe Dekker Hofmeyr, “The key objective of the Code is to provide practical steps to both employers and employees in the manner in which the principle of equal remuneration for work of equal value should be applied in the workplace. This approach has its focus in achieving the implementation of remuneration equity in the workplace by employers, which includes the state, employees and trade unions.” Salt explains that the Code is issued in accordance with the provisions of section 54 of the Employment Equity Act and is to be read in conjunction with the Amendment Act with its Regulations, in particular Regulation 6(5). “Regulation 6(5) of the Amendment Act pertains to the criteria and methodology for assessing work of equal value, which is the focal point of the Code,” she says. Thandeka Nhleko, a Candidate Attorney at Cliffe Dekker Hofmeyr notes that the assessment criteria has been unpacked quite extensively in that it sets out further examples and steps in which a particular job is to be evaluated or assessed. “In particular the factor pertaining to responsibility demanded of the work, has been elaborated to include factors such as 'tasks that have an impact on who is accountable for delivery of the enterprise's goals, for example, its profitability, financial soundness, market coverage and the health and safety of its clients'. “All interested parties must submit written comments within 30 days from the date of publication of the Code and any queries regarding the Code are to be directed to the Department,” Nhleko says. Salt adds that employers are advised that the Code does not impose further legal obligations on them as it is merely . . .
The winds of change are blowing through the South African business sector. This is according to Aadil Patel, National Head of the Employment practice at Cliffe Dekker Hofmeyr, who was speaking at the firm’s annual employment conference, held in late September, in conjunction with its exclusive alliance partners, DLA Piper and DLA Piper Africa. Patel said that this year, South Africa had witnessed the longest industrial action within the mining sector. In addition, a raft of new employment laws were in the process of being enacted in South Africa. “South African businesses have been introduced to concepts such as equal pay and the sensitive regulation of labour broking. Businesses are moving beyond our borders into the continent of Africa and are thus looking for specialist employment law skills in many African jurisdictions, often simultaneously. The demand for legal services has become more sophisticated and wide-reaching and employment law specialists are having to offer more proactive, pan-African advice and services, as well as thought leading information and research, in order to aid businesses in the understanding and application of employment laws in different countries,” he said. Tim Marshall, Partner and International Group Head of DLA Piper, said at the seminar that in terms of global employment and business trends, Whistleblowing was a big issue in many countries and the global DLA Piper response to this trend included the compilation of a global research report entitled Whistleblowing – An employer’s guide to global compliance. The global team collected intelligence and market analysis across 10 countries, including South Africa, that included key legislative provisions regulating whistleblowing. The report examined the reasons for some of the key differences between the legal regimes including major differences in cultural attitudes. For example, in the United States whistleblowers are heroes, in France they are often considered . . .
We are thrilled to announce that both the public and private sectors appear to recognize the value of board diversity as BPW SA has been approached in the last month alone, to assist with eleven board vacancies for women on our Register. Women and men have different interests and perspectives in important areas, and boards are starting to see the importance of utilising these varying experiences to tackle the tremendous challenges. BPW SA and the Department of Trade & Industry (the dti) want boards of directors to widen the search for talent by looking beyond the traditional pool of executives and bring new potential to light. It is for this reason that we have joined forces to provide a Women on Boards programme to create a Register of female leaders in South Africa who are excellently trained and, as a result, are highly sought after by Boards. After all, why on earth would you voluntarily exclude half the smart people? Our first group of 19 senior women, all thoroughly trained through our 9-month Women on Boards director development programme and certified by the dti, are now available on our register of Board Potential Women Directors and we urge companies to contact us for potential female directors. Seven of our graduates are in line for board interviews , many have been interviewed by the media – both radio and magazines – and all will be profiled in the KZN Chamber of Commerce Power Book (2015). As an ongoing service to the graduates, BPW SA continues to raise their profile in an effort to access suitable board placements. We have proven that board diversity is not a supply problem, but rather a demand problem. BPW SA is proud to announce that we have incorporated an international module into the Women on Boards programme. Business acumen - incorporating business finance and strategy - a must in today’s complex landscape. Business acumen is a keen understanding of what it takes for an organization to make money. It combines financial literacy . . .