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South Africa’s office vacancy rate improved once again to 14.2% at the end of the second quarter of 2024

The International Property Institute is th world’s Leading Organization On Property Tax Policy And Practice

Newly appointed Cooperative Governance Minister Velenkosini Hlabisa has vowed to crack the whip on underperforming municipalities.

South Africa’s office vacancy rate improved once again to 14.2% at the end of the second quarter of 2024

Although the 3,8% increase in property rates seems to be fair, it is from a high base. When the new valuation roll was implemented in July 2023, instead of lower property rates tariffs it was increased by 2%.

The average property price has increased by over 833% since South Africa became a democracy, significantly outpacing inflation over the same period.

Households in the urban areas of South Africa are expected to pay for services like electricity, water, and effluent (or sewerage). These services can be paid for through accounts with municipalities or in some cases, with service providers like Eskom.

SCA criticises city for failing to ‘proactively take measures to correct their unlawful conduct’.

South African Property Owners Association Releases 2023 Valuations Report: Stability Amidst Market Shifts

The city, with a population of more than six million, faces myriad challenges including fiscal pressure, crumbling infrastructure, service delivery and revenue collection problems and the provision of electricity and potable water.

The City of Johannesburg draft budget and draft Integrated Development Plan (IDP) for 2024/25 are not in line with the law, do not adequately address the needs of a city where services are collapsing, and should be amended, says the Joburg Community Action Network (JoburgCAN).