Regulations about gas installations home- owners should know

Source: Compeg   The rapidly increasing cost of electricity has resulted in a growth in popularity among many South African home-owners to utilise gas installations in their homes. However, most homeowners are unaware that there are specific regulations that they must comply with when installing gas equipment in their homes to ensure their insurance policy… Continue Reading

Coping with Anger

I’m Always Angry. How to Stop Being So Angry All the Time One of the causes of divorce is uncontrolled anger on the part of the husband or wife. Here are useful tips to contain and control the anger and save the marriage. Source: Rebecca Temsen <> In life, we have to put up with… Continue Reading

Advantages of a Living Trust

The Advantages of a living trust can be summarized as follows: Estate planning. The freezing of value. Tax planning Preservation of assets after death. Protection of assets from creditors. Protection against spendthrift children. Protection of a vulnerable spouse after your death. Protection of minor and/or vulnerable children. Income tax splitting. Assuring rapid access to income… Continue Reading

Rights and Responsibilities of the Chairperson

The Chairperson of a body corporate – what are his or her rights and responsibilities? The chairperson’s role should be to ensure that trustee meetings are conducted fairly and democratically. The chairperson must act impartially. Prescribed Management Rule 18 (“PMR”) of Annexure 1 of the Regulations to the Sectional Title Schemes Management Act, the chairman… Continue Reading

Maintenance v Improvements

Is your sectional title complex looking a bit tired? Sectional title maintenance and improvement Maintenance The trustees of your body corporate need to maintain the complex (to keep it more or less in its original condition). These items are provided for in a budget that deals with routine maintenance and provision for unforeseen expenses. The… Continue Reading

The Registered Office of a Company

Change the registered office of your company! As a result of recent High Court decision, it will no longer be possible for a company to use an address chosen for convenience (e.g. of its auditors) as its registered address. Company management should ensure that CIPC’s records reflect the company’s registered office as the address of… Continue Reading

Boilerplate arbitration clauses

Does your clause cover what you want it to cover? In the case of North East Finance (Pty) Ltd vs Standard Bank of South Africa Ltd 2013 (5) SA 1(SCA) the Supreme Court of Appeal (SCA) made it clear that where an agreement has been brought about under fraudulent circumstances, and is therefore invalid, a… Continue Reading

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