A reader has approached the Property Poser panel about a potential problem involving an offer to purchase on a fixed property that was subject to a suspensive condition. The reader says the contract was written using language too difficult for him to understand easily and that he asked the agent for the same contract but in simpler language. However, to secure the property, he signed the agreement. He explains that the suspensive condition was not fulfilled and he thus expected that the agreement had lapsed. Regardless, the seller's agent has been calling him and mentioned the drawing up of the transfer documentation. It is unclear whether the successful granting of a mortgage bond is the suspensive condition in question, says Schalk van der Merwe from Rawson Properties Helderberg in Cape Town. "But it appears that the seller's agent has approached a bond originator to assist the buyer in securing a bond for the purchase of the property. According to the reader, however, he specified that he would use his own banker for securing the bond." Van der Merwe says it's unclear whether the bond acquisition clause was worded in such a way that only the purchaser may apply for the finance or whether the agent could do so on his behalf. "It's not uncommon to allow for the seller's agent to approach financiers on the buyer's behalf." The rationale behind this, says Van der Merwe, is that any purchaser having second thoughts about buying a property could simply fail to take the necessary steps. "This would allow the period for the fulfilment of the suspensive condition to expire and thus for the offer to purchase to lapse." In the interim, the seller has potentially missed out on keen and qualified purchasers, says Van der Merwe. From a legal standpoint, when the period for fulfilling a suspensive condition expires, the offer lapses, says Sean Radue of Radue Attorneys in Port Elizabeth. "It is possible to extend that period by agreement or, as . . .
On 1 July 2013, Minister of Labour Mildred Oliphant, acting in accordance with Section 6(3) of the Basic Conditions of Employment Act, increased the annual earnings threshold to R193 805.00 from the previous figure of R183 008.00. According to Gavin Stansfield, Director in the Employment practice at Cliffe Dekker Hofmeyr Cape Town, “The earnings threshold is significant as employees who earn in excess of the threshold (now R16 150.41 gross per month) are excluded from the protection offered by certain sections of the Basic Conditions of Employment Act (BCEA). “These sections govern respectively limiting ordinary hours of work to 45 hours per week (section 9), to payment for any overtime worked in excess of 45 hours (section 10), limitations on a compressed working week (s11), provisions which allow for the averaging of a work week (s12), the mandatory provision of a meal interval of not less than 30 minutes for employees who work for longer than 5 hours (s14), provisions which allow for certain mandatory minimum daily and weekly rest periods (s15), an employee's entitlement to increased pay for work on Sundays (s16), the payment of a mandatory allowance for employees who engage in night work (s17(2)), and increased pay for employees who work on public holidays. Employees who earn in excess of the threshold are not entitled to the minimum protections contained in these sections of the BCEA,” he explains. “The increase in the threshold has the effect of increasing the number of employees who may be entitled to the above-mentioned minimum rights. In other words, an employee who, until the increase, was earning for example R185 000.00 per annum, would not have been entitled to the payment of overtime. With effect from today's increased threshold, the effective date being 1 July 2013, such employee now becomes entitled to insist on the payment of overtime. “The increase in the threshold accordingly affects positively that category of employees who currently . . .
The BedKing Bed MD Mr Mervyn Ewertse has announced a service upgrade for their national South African delivery system. Cape Town, June 2013: The BedKing (http://www.bedking.co.za/) Bed and Mattress Company MD, Mr Mervyn Ewertse, has announced an upgrade to their South African Delivery Service System that will see all of South Africa now having access to their bed and mattress delivery service. Known in the Western Cape and Gauteng for their prompt and dependable bed and mattress delivery service, BedKing has now expanded its reach into areas that previously did not have access to BedKing stores and prices. This now means that all South Africans who have access to a phone or the internet can place and order, pay for and receive delivery of their bed or mattress no matter where in the country they are. At the announcement of the delivery service upgrade at the BedKing head offices in Cape Town, Mr Ewertse had this to say: “We have provided our customers in Cape Town and Johannesburg with the best possible bed and mattress delivery services in the country, but now it is time for the rest of South Africa to enjoy what we have to offer…” He also went on to say that “Service levels in South Africa need to improve and we here at BedKing are prepared to be the first to move in that direction. Come and join us and try out our delivery services for yourself, you’ll soon see why we are the first choice in online and telephonic bed delivery for many people in the Western Cape and Gauteng”. For more about The BedKing bed and mattress deliveries please go to the South African bed and mattress deliveries page (http://www.bedking.co.za/services.php) on the BedKing website. The BedKing bed and mattress company has stores in Gauteng and the Western Cape in South Africa. Online and telephonic bed and mattress orders can be placed via their website or telesales office on 0860 25 35 45. END Press release submitted by Justin Atkins at WSI Web Marketing, Cape Town on . . .
The BedKing Bed and Mattress Company have again increased their product range to include some of South Africa’s top bedroom brands. Cape Town, June 2013: The BedKing (http://www.bedking.co.za/) Bed and Mattress Company has announced a further increase in their product range to include iconic South African bedroom brands such as Comfort Solutions, Majestic, Serta and Simmons. Most of these brand names were already familiar to customers in The BedKing Stores, but now thanks to the growth in bed and mattress sales in Cape Town and Johannesburg, BedKing has been able to secure even better prices to ensure that they stay the cheapest bed and mattress retail option in South Africa. Mr Mervyn Ewertse, founder and current MD of BedKing South Africa had this to say about the latest bed brand and pricing deals available in BedKing stores: “When I opened the first BedKing store doors more than a decade ago it was with the idea that I would always provide my customers with the best quality beds and mattresses at the best prices. We as a company have not only managed to do this time and time again, but have made the best priced guarantee pledge a part of our everyday company culture. I invite you all to come and see for yourself why BedKing offers the best everyday prices for beds in South Africa, I promise you that you will not be disappointed.” For more about the best bed and mattress prices in BedKing stores, or to find out more about the current BedKing bed and mattress specials, please go to the Specials page (http://www.bedking.co.za/specials.php) on the BedKing website. The BedKing bed and mattress company has stores in Gauteng and the Western Cape in South Africa. They are currently one of the biggest sellers of bed, mattress and bedroom products in the country and have distribution warehouses in Johannesburg and Cape Town. Online bed and mattress orders can be placed via their website or telesales office on 0860 25 35 45. END Press release submitted . . .
The Property Poser experts this week assist a reader with a query regarding the concept of half-shares in an agricultural property he recently purchased. The property, which includes a dwelling, consists of a number of different holdings or parcels of land combined under a single title deed. The reader's question relates specifically to the description of one of the parcels, which is described as constituting a "half-share". On inspection of the transfer documentation, the half-share became evident. It seems that he thought he was purchasing a certain number of hectares and is now concerned about how the half-share aspect will affect this. Schalk van der Merwe from Rawson Properties Helderberg in Cape Town says it appears that this was the first time the reader learned of the shared ownership of the one parcel. "Being agricultural, the land is measured in hectares. Considering that one hectare is equal to 10 000 square metres, it quickly becomes evident that small differences in the number of hectares add up to large tracts of land." Van der Merwe says it would be useful for the reader to read a copy of the agreement of sale. "The description of the land sold and purchased should coincide with the description of the land described in the transfer documentation." More importantly, the amount of land attached to each parcel should be the same as the amount of land the seller and the purchaser agreed upon, says Van der Merwe. "The half-share reference would typically refer to an already divided parcel but where the holding description itself hasn't been altered to reflect that one portion has been separated from the adjoining piece." Van der Merwe says, unless otherwise agreed, it would be a nonsensical arrangement to have a half-share in one of the parcels of land. "It would give rise to major issues between the joint owners, even though in this instance it wouldn't typically constitute an undivided half-share as one encounters when . . .
Industry experts will address the most pressing issues in effective logistics management for the mining industry at the 2nd Annual Global Logistics in Mining Forum on 12-13 November 2013 in Johannesburg, South Africa. In today's highly competitive mining environment, logistics plays a pivotal role. Customer focus is the prime priority. Mining companies are looking to move their volumes of produce in the most cost-efficient manner and also at the same time are looking for better logistical solutions. Companies are looking at idling capacity, lowering inventory costs, reducing freight costs, lowering risks and examine emerging opportunities. The primary focus of a company is building a smart supply chain function for the future. By Prioritizing logistics as an operational and strategic function and not a financial component the industry is getting more attentive towards organized logistics management. South Africa known as one of the world's largest hub for mining, companies have started shifting their focus towards an efficient logistics management. Automation in logistics is the future of the mining industry as falling commodity prices and high labour costs have forced companies to look at new emerging technology. Underground loaders, drones, autonomous train transportation, driver-less trucks are a few trending topics in the industry. Understanding the need for changes in the mining industry, Fleming Gulf Conferences is organising the 2nd Annual Global Logistics in Mining Forum on 12-13 November 2013. Mr. Jeremy Green (Council for scientific & industrial research) will share his insights on the role of automation in mine logistics. Last year's edition was held in London, UK, where the conference brought together decision makers and influencers of logistics and supply chain from top mining companies. This year, the event will take place in Johannesburg, South Africa, known for the deepest mines in the world. This forum will also feature top mining . . .
This week the TrepEdu brand launched the first of its products, the Start Up to Stars book. This book is the first of a series of books that will profile start up businesses in South Africa with the aim of inspiring other entrepreneurs. The book tells a story of eight South African start ups and captures some strategic moves they had to make in order to overcome the challenging survival phase. The stories are told through the voice of author, Sibusiso Nkosi, in a heartfelt manner and capture’s the uneasy road these start ups had to travel. This book features the story of Wandile, a young lady who experienced rape twice and turned her experiences into a business that motivates others to believe in themselves. It also features the story of Tracy Ray Gore, an upcoming Cape Town designer who started her business with only five rands. The story of Sabelo who looked beyond his poor background after struggling to find a sustainable job and started a cleaning services company is also featured in the book. You can also read the stories of the owners of Summertime, Your Name Here Productions, ShiftApps, LIA Network and Lisanele investments. Their inspirational stories look at the risks they took to build these brands. The book is developed in a CliqueBuk format, a concept by a digital content development and dissemination corporation called Ukondla under its Deegypro products. It is the first CliqueBuk produced by the company since it developed the concept in March 2013. The CliqueBuk format can be read on any computer with a web browser since the viewing of such books takes place on the web browser, however internet connection is not required to read the book. This format provides pleasurable viewing and quick navigation of the book. This partnership with Ukondla will see TrepEdu releasing a few more series of Start Up 2 Stars books and resource CDs that are aimed at providing helpful content to entrepreneurs in South Africa. TrepEdu first came onto the . . .
Call to restaurants to submit their details for SA’s top restaurant guide SA’s most trusted restaurant guide, the annual Eat Out magazine, is re-vamping its 2014 issue and is giving all restaurants the opportunity to put their hands up to be considered for the issue. Restaurants must simply submit an easy-to-complete form at no cost, by 30 June 2013. "We’re taking Eat Out to a new level and giving every restaurant the chance to earn their place in the ‘Eat Out 500’ – a power list of great restaurants across South Africa. We want everyone to have a chance to be considered, says Anelde Greeff, Content Director for Eat Out. Restaurants who submit themselves to be part of the Eat Out 500 will be scored on a variety of criteria by a panel of 50 of South Africa’s top food/restaurant industry experts. The criteria include food (menu composition, seasonality, presentation, wine etc.), service and ambience. The 500 restaurants with the highest aggregate scores will appear in the 16th annual issue of the Eat Out magazine, which will go on sale in November 2013. Download the form (www.eatout.co.za/uploads/documents/EatOut_Restaurant-submission-form_2013.pdf ) or complete the form online (www.myjotform.com/EatOut/restaurant). For more information, visit www.eatout.co.za or email email@example.com. For more updates, like Eat Out on Facebook www.facebook.com/EatOutMag and follow @eat_out on Twitter. URL: http://www.myjotform.com/EatOut/restaurant Twitter: Facebook: YouTube: Author: Stefanie Elliott from MANGO-OMC. Originally distributed by MyPR.co.za. No of Images Uploaded: One To gain access to One image/s please Like, Tweet or +1 this article: [l2g] Images: [/l2g] . . .
Changes in the way businesses operate have been fundamentally altered since the 2008 downturn, and these changes have set trends that have become a permanent fixture of how businesses are being structured moving into the future. As businesses become ever more focused on their core activities in order to survive, along with increases in costs, competition, fraud and complexity, many have moved to a model of utilising outsourced services to effectively manage their non-core business functions. “It is clear the impact of the compliance and administration burden on business in South Africa is neutralising the entrepreneurial flair of a very important element of South Africa’s economy. Running your business should be fun with the focus on growing your business while spending as much time with your customers as possible,” says Louis Jordaan – Managing Director for ‘the cfo shop’, an outsourced finance and business support services company. Recently a dynamic new service has emerged that allows companies to hire seasoned executives on a part-time basis instead of hiring a full-time employee, thereby reducing the administrative and regulatory burden and allowing entrepreneurs to focus on their core objectives. This gives large and small business’s the ability to “rent” a seasoned Chief Financial Officer or other Business Support Executive as an alternative to hiring a full-time employee that otherwise would require a significant annual salary compounded with the requirement for large bonuses and other perks. “Cost plays a large factor in smaller businesses not having the financial expertise and mentorship they require in order to ensure more effective financial management. For many of these, having a dedicated and often costly CFO simply doesn’t fit into the budget, meaning many companies try to ‘wing it’ with their own, often inadequate, knowledge of business financial functioning. Utilising an ‘outsourced’ CFO allows companies to benefit from the services without . . .
A reader has approached our Property Poser experts with a query regarding outstanding repairs on a property he has been renting for over a year. The reader writes that he and his wife took occupation in May last year, at which time the landlord undertook to complete certain repairs within three weeks. More than a year later, there are still problems that need to be repaired. Among them are damages to the roof and ceiling caused by a major leak following heavy rains in November. The reader reports that the landlord's insurer paid the associated claim but that the landlord failed to make the necessary repairs, despite undertaking to complete them by December. Earlier this year, a leak in the main bedroom was handled, on the landlord's advice, by placing a bucket beneath it. The leak had been there from the inception of the lease but a few coats of paint had obscured it. To make matters worse, there is apparently also a damp problem in the second bedroom. The reader would like to know if he can withhold rental or what other remedies he has at his disposal. The Rental Housing Act applies in the current situation, says Schalk van der Merwe from Rawson Properties Helderberg in Cape Town. "The Act provides that the landlord and tenant should jointly inspect the property before occupation." Van der Merwe says the purpose of this is to identify and determine the extent of any aspects requiring repair or to ensure that any defects are listed in an annexure to the lease, so that the tenant is not later accused of causing the damage. "Our reader and the landlord seem to have carried out such an inspection but the landlord appears to have reneged on his undertaking to carry out the identified repairs." Although the reader has not mentioned whether there is a written lease in place, the Act makes provision for certain aspects of the parties' relationship to be put in writing in the agreement, says Van der Merwe. "The Act also provides that the . . .