BUSINESS DAY TV: Life becomes more complex for people in complexes
Juanita Steenekamp from the South African Institute of Chartered Accountants and Whitfields’ Andrew Simpson speak about changes to legislation governing sectional title properties and how it affects owners and managing agents
Juanita Steenekamp is from the South African Institute of Chartered Accountants and Andrew Simpson is from Whitfields. BUSINESS DAY TV: For the many people who live in apartments, clusters and townhouses life has become a tad more complex. The new Sectional Title Scheme legislation proposes some onerous provisions and extra costs. My guests in the News Leader studio will tell us what new buyers need to know. They are Juanita Steenekamp, project director at the South African Institute of Chartered Accountants (Saica) and Andrew Simpson, managing director of Whitfields Property Management Division. So the new legislation came into effect in October last year. How are the complexes dealing with its implementation? Are there problems? ANDREW SIMPSON: It’s been a bit of a challenge for the different trustees and the managing agents who are involved with them to get their heads around some of those changes. But primarily my impression from the various training sessions we’ve been to with ...
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