Gazetted in March 2017 for comment, the long-awaited Property Practitioners Bill is intended to repeal the Estate Agency Affairs Act 112 of 1976 and transform the entire property market. If passed into law in its present form, it will have far-reaching effects in the real estate industry, but will also provide for improved consumer protection. As we know, the purpose of the bill is to provide for the regulation of property practitioners (estate agents). However, in terms of Section 1 of the new bill, this definition has been expanded to include anyone – who provides or markets bridging finance who is a bond broker / mortgage originator who lets or hires property or manages / negotiates the transaction who collects or receives any monies payable in respect of a lease or a property who assesses property to determine defects as part of the conclusion of an agreement to sell / purchase or hire or let property who sells or markets, promotes or advertises properties including time share / development who manages a property on behalf of another for payment who is employed by a property practitioner The Bill is not applicable to persons who do not attend to property transactions in the ordinary course of their business, individuals selling their own property, attorneys or candidate attorneys and sheriffs of the court. Storme Heath, Director at C&A Friedlander, says, “Of significance, though, in this instance, is that the condition that a person earns some sort of gain for their services has been removed from the definition. This means that even persons performing the above functions without reward may still be thought to be property practitioners, and therefore subject to the regulatory requirements.” The new Bill is also intended to provide for the continuation of the EAAB as the Property Practitioners Regulatory Body and for the appointment of the members of the Board, CEO and staff members of the EAAB; to provide for the . . .
A look at some Interesting amendments to King IV, 2016 In July 1993, retired Supreme Court of South Africa Judge Mervyn E. King was asked by the Institute of Directors in South Africa to chair a committee on corporate governance. The committee’s report, aptly named, was to be the first of its kind in South Africa - an opportunity to educate the newly-democratic South African public on the workings of a free economy. Three reports were issued: in 1994 (King I), 2002 (King II), 2009 (King III), and the fourth revision, the King IV Report on Corporate Governance for South Africa 2016, prepared by the Institute of Directors in Southern Africa NPC, the custodians of the King Reports, came into effect on 1 April 2017. There are varying opinions on the amendments that were made in King IV at the end of 2016 and their impact on business. PJ Veldhuizen, CEO of local law firm Gillan & Veldhuizen says, “Arguably, the most important shift in King IV relates to the discretion afforded to companies.” Under King III, companies were able to get around a certain principle if they could explain why they should not be required to adhere thereto. However, King IV assumes that the principles set out have been applied and companies are required to state how this was done, rather than using the ‘explain’ mechanism to avoid adherence. Companies would have been able to use defences for not complying with King III by, for example, stating that the company was in the process of establishing compliance, or by using justifications based on company maturity or size. However, under King IV, a company would have to conform and explain how compliance is ensured. The Deloitte Global Trends in Corporate Governance (2015) identified the governance of Information Technology as an emerging issue in Corporate Governance. Although the Financial Intelligence Centre Act (FICA) has opened the door for better management of information, providing further guidelines to Directors would amplify . . .
4th annual Vaal Whiskey Festival at BON Hotel Riviera on Vaal adds Gin sideshow to the mix BON Hotel Riviera on Vaal will be hosting the 4th annual Vaal Whiskey Festival, but this year with a twist, adding Gin to the mix. The event will take place on Saturday, 28 October, and will see connoisseurs and the curious pouring in to enjoy a variety of premium whiskey brands and a selection of superb Gin varietals being showcased at the hotel. What : VAAL WHISKEY FESTIVAL & VAAL GIN FESTIVAL When : Saturday, 28 October from 17H30 – 21H30 Where : BON HOTEL RIVIERA ON VAAL, Mario Milani Road, Vereeniging Local events organiser, Melody Barber has partnered with Mercedes Benz and Model Bottle Store to bring you the finest quality whiskey brands and gin varietals offering something for everyone. SHOW TICKETS : R250 person (includes presentation, 20 whiskey or gin tasting tickets and glass, snacks and entertainment) ? VIP TICKETS : R500 per person (boat cruise**, presentation, 20 whiskey or gin tasting tickets and glass, snacks, entertainment and buffet dinner). If you are driving from afar, or don’t feel up to the drive home, then why not take advantage of the overnight specials at BON Hotel Riviera on Vaal - book before 31 August and get R100 off your accommodation. SHOW & STAY R1 050 per room, single and R1 250 per room, sharing (including breakfast) Accommodation for two plus tickets = R1 750 Accommodation for two plus 2 VIP tickets = R2 250 A limited number of tickets are available – so book NOW! BON Hotel Riviera on Vaal : email@example.com / 016 420 1300 Model Bottle Store : firstname.lastname@example.org / 016 363 1128 Quicket : www.quicket.co.za ** Boat cruises for VIP guests will take place from 15h00 – 16h00 and 16h00 – 17h00 Visit www.vaalwhiskyfestival.co.za or www.vaalginfestival.co.za for more information. CLICK HERE to submit your press release to MyPR.co.za. . . .
What’s on - BONfire Braai Masters 2017. Time for the 2nd edition of the ultimate urban braai-off at BON Hotel Bloemfontein Central Twenty corporate teams will compete against one another in the 2nd edition of the BONfire Braai Masters competition on Saturday, 23 September, to be held on the roof-top at BON Hotel Bloemfontein Central in celebration of Heritage Day, on 24 September. This event, one of the many taking place around South Africa, will be all about good food, good people, fun for the kids, entertainment, great music and fantastic prizes with all proceeds going towards local charity, Towers of Hope. Each team of two will be have open access to a pantry of delicious ingredients they can use to create the plate of the day. Teams will be judged on their stand, team spirit, preparation, technique, coal-fire quality, presentation and taste. Pieter Van Rooyen, General Manager at BON Hotel Bloemfontein Central, says he is excited to be hosting this event for the second time and is looking forward to the day, to giving back to the community, his guests and staff. Friends, family and the public are welcome - there is no charge – come and enjoy a day of food and fun as the sun sets over the City of Roses. For further information or to enter a team, please contact Charlize Badenhorst at email@example.com and keep an eye on Facebook for updates: https://www.facebook.com/BONHotelBloemfonteinCentral/ When Saturday 23 September 2017 from 10h00 Competition starts at 12h00? Judging starts at 14h00? Where BON Hotel Bloemfontein Central, Bloem Plaza, East Burger Street Find us on the roof-top parking lot Beneficiary Towers of Hope CLICK HERE to submit your press release to MyPR.co.za. . . .
Weddings are one of the most universal traditions on the planet yet they are celebrated differently by everyone. Tying the knot in any culture comes with a list of different rituals and traditions and, family dynamics aside, there are many more things to consider and prepare for, especially here in South Africa - with our eleven official languages, chiefs, dominees and gogos to consider, it can be tough task marrying two cultures without offending Aunty Mabel. Despite the umpteen different cultures or religions you may have to incorporate into your ceremony, it is important not to forget to showcase your own personalities - after all, it is ‘your’ day and it is exactly your differences, and similarities, that brought you together that should now be celebrated - for instance, playing your favourite song and teaching Chief Nkomu how to do the shuffle, or giving personalized chocolates as wedding favours instead of the traditional bag of sugar-coated almonds. And you don’t have to do it all at the ceremony and reception – after an open, honest chat with the family, consider spreading the different traditions. You could plan the ceremony around the bride's heritage and turn the reception into a celebration of the groom's. Or, host the bachelor or bachelorette party incorporating an element from each other’s customs. It’s the perfect occasion to try umqombothi (beer), used to celebrate the home-coming of young men in Xhosa culture, or the Lebanese tradition of zaffe, a rowdy escort of music, dancing and shouting by the groom’s friends and family. For the bride there is the Japanese ritual of pouring saki to reaffirm friendships or the time-honoured tradition of giving “something borrowed, something blue”. Catering: A little more challenging is serving a traditional meal, because in many cases the menu is limited by the venue, so if a customized menu is not possible try incorporating signature drinks like saki for a Japanese reception or chai instead of coffee . . .
BON Hotels announced the signing of its 12th hotel in Nigeria, further increasing the company’s presence and footprint in West Africa and making the group the largest hotel management company in Nigeria, with additional opportunities still in play. Together with acquisitions in East Africa – in Uganda and Ethiopia - and continued growth prospects throughout the continent to add to their South African and Namibian portfolio, including the doubling in size of the 5-star boutique hotel BON Hotel Abuja to 60 bedrooms, which is about to commence, and the current upgrades and refurbishments under way at their existing hotels, Director of BON Hotels International West Africa (BHIWA) Bernard Cassar says the group remains committed to moving onwards and upwards and continuing its growth trajectory in the region. The two new hotels currently under construction are being built to international standards and specifications with the latest technology and facilities. BON Hotel Lekki, situated on the Lekki Peninsula, Victoria Island, is due to open in June 2018 and will provide a 4-star, international, 45-room hotel catering to the corporate and business market. The second acquisition is BON Hotel Elvis Wuse2, a 4-star, 85-roomed, luxury hotel located in the heart of Abuja, primed for the business traveller, due to open later this year. CEO of BON Hotels Guy Stehlik says that within a short space of time the group has become a number one player in Nigeria, which just reiterates their belief in and commitment to the region. He adds that BON Hotels’ success has been made possible largely by the experienced staff in place and the considerable time and energy the group has engaged in skills development and transformation in Nigeria. “The reality is that we have gone from having no presence in the area to becoming the largest operator, based on hotels, in less than 12 months, which demonstrates our primary strength at identifying and managing hotels under difficult . . .
Is your passport travel-ready? If you’re planning on jetting off into the sunset over the coming school holidays, make sure your passport is in order. That’s the advice of Konrad Laker, CEO of Gold Travel, a Cape Town-based corporate travel service specialist. According to Konrad, many travellers are not aware of passport requirements that could turn a dream overseas holiday into a nightmare. In order to avoid complications at international destinations, refusal of entry into a country or, in some cases, deportation, it is essential that: Passports must be valid for six months after your return date At least four blank pages must be available for passport control and customs Your passport name must correlate with your travel documents – in some cases a married woman’s name change from maiden to married surname can cause complications Passports of minors must be updated and recognizable with a recent photograph Konrad notes that certain countries such as The USA, United Kingdom and The Middle East are more stringent than others and travellers should make certain that all of their travel documents comply. “With many immigration offices on high alert following terror attacks across Europe, better to be safe than sorry,” advises Konrad. CLICK HERE to submit your press release to MyPR.co.za. . . .
The annual Mandela Day Have a Ball Charity Soccer Tournament will take place on Tuesday, 18 July 2017 from 12h00 to 16h00 at the Fives Futbol, Century City, Cape Town. Corporates line up for the 4th Mandela Day Have a Ball Charity Soccer Tournament, hosted by Adverb. It’s time to boot up again for the 4th edition of Adverb’s Mandela Day Have a Ball charity soccer tournament taking place at Fives Futbol, Century City on Mandela Day, Tuesday, 18 July 2017 from 12h00 in support of the children from My Dunoon. Forty children from the project will team up with members of the participating corporate teams in a 5-a-side round-robin soccer tournament. This day of giving will be topped off with a handout of takkies, soccer balls, beanies and bags to each child - purchased with the funds donated by corporate sponsors and suppliers, who are: Adverb, Ankerdata, BON Hotels, Concept Lounge, Diesel Digital, Fives Futbol, Gemini Solutions, Hobbs Sinclair, Innovation Projects, IOL, OneFM, Orlichem, Pyrad International, Sir Juice. Participants and spectators can look forward to a fun day of football, food, refreshments, laughter and happiness, a live broadcast from OneFM, with a few surprises in store including celebrity appearances. All the players will receive a medal and there are great give-aways throughout the day for best save, biggest smile, team spirit, sportsmanship and ball skills. If you are interested in entering a corporate team, please contact Ashleigh@adverb.co.za - or just pop by and cheer from the sidelines. Order of the day is to HAVE A BALL! CLICK HERE to submit your press release to MyPR.co.za. . . .
The Vaal River Meander is celebrating its 14th year and visitors to the area can indulge in SIX weeks of weekend wine tasting! A unique winter experience exclusive to Gautengers and visitors from the surrounds, the event will showcase over 40 wines from some of South Africa’s premier estates. With 17 different venues to choose from, you are guaranteed a different experience at each and every stop, from sipping a beautiful Bordeaux on the river banks or a plummy Pinotage in the pub, to a scintillating Syrah by the fireside. BON Hotel Riviera on Vaal are offering their guests the opportunity to get involved – book between 25 June and 30 July, and enjoy some fabulous special offers: • Stay over for R 850.00 p/room, with a complimentary wine tasting for two, and 50% off breakfast the following morning • Tuck into a platter for two for R120 which includes a variety of flatbreads infused with local herbs and seeds, accompanied by a selection of homemade patés and spreads • Enjoy a 25% discount on Sunday lunch • Warm up with our hotpot meal-of-the-day at R 75.00 p/p There will be a Wine Tasting Fee payable at each venue you visit, with a selection of different wine farms at each stop – • R20 for 8 wines • R30 for 12 wines • R40 for 16 wines So, grab your free Vaal River Meander Wine Route passport which has a map of the route, all the specials available at each venue and the wines that can be tasted, choose your mode of transport – a river cruise, limousine, water taxi, vintage car, motorbike or your own wheels, and begin your magical meander! For more information contact firstname.lastname@example.org or email@example.com CLICK HERE to submit your press release to MyPR.co.za. . . .
Gold Travel, a Cape Town-based corporate travel service specialist, has recently achieved a Level Two B-BBEE rating after implementing 52.5% black ownership and 31.5% black woman ownership in partnership with NetValue™ Equity Partners, also based in Cape Town. The certification falls under the Qualifying Small Enterprise classification in the Tourism Sector Code, a category which has recently been under the spotlight for its slow pace of transformation. The travel and tourism industry has recently seen the back of two of its biggest South African trade shows - World Travel Market Africa and the stalwart travel exhibition, Tourism Indaba, held in Durban last week. Seemingly, a common topic under the spotlight is the rate of transformation in the South African travel trade. Speaking at the annual Women in Tourism Event at the Indaba, newly elected Minister of Tourism Tokozile Xasa raised concerns about the slow pace of transformation in the sector. Commenting on their positive achievement, Konrad Laker, CEO of Gold Travel, said that as a South African business owner transformation is a priority policy. “Tourism is an integral part of the South African economy and transformation should be at the forefront of the industry. This marks a significant milestone in our transformation drive; we will continue to find ways of enhancing our B-BBE efforts.” CLICK HERE to submit your press release to MyPR.co.za. . . .