The City of Johannesburg (CoJ) has received over 42,000 objections to its new property rates as the value of properties has been inaccurately assessed, resulting in substantial rate increases for property owners.
Johannesburg finance MMC Dada Morero held a workshop on tariff increases for the new financial year.
The Organisation Undoing Tax Abuse has asked the City of Johannesburg to suspend the property rate increase.
Here is the list of the draft / approved tariffs proposed for 2023/24
The City of Johannesburg was ordered to within two hours restore the water supply to a residential estate developed by JSE-listed Balwin Properties, after it was terminated because of alleged municipal accounts’ arrears.
The City of Johannesburg budget must get approved on Wednesday, or it will be placed in administration.
There’s a huge gulf between the best and the worst performers, according to Ratings Afrika – and the overall trend is in the wrong direction.
‘Someone has been appointed and yet there is no expediting of a decision on what their role is,’ says Sapoa president Malose Kekana
A Report by REdimension Capital on how the real estate sector is engaging technology to bring the built environment into a digital age and delivering a range of positive outcomes for stakeholders…
Asset is an interactive monthly digital publication for the South African commercial property industry.
All over southern Africa, new urban-to-rural migration and settlement trends are emerging. Far from being abandoned, rural areas are in high demand.
Office valuations have barely budged since the pandemic despite many employees continuing to work from home.
eThekwini Metropolitan Municipality residents will face the sharpest tariff increases out of the country’s major metros if the city’s draft budget for 2023/24 is approved.
Mayor Mxolisi Kaunda recently tabled the municipality’s 2023/2024 budget and proposed a 21.91% electricity hike for businesses and households.
This discussion document examines three principle reasons as to why DRC value estimates are so often unrealistically high, and which can be attributed to valuers, not: