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| Banking Adjudicator | |||||||||
| For banking problems, the Banking Adjudicator is Advocate Neville Melville. | |||||||||
| Share Call: | 0860 800 900 | ||||||||
| Tel: | 011 838-0035 | ||||||||
| Fax: | 011 838-0043 | ||||||||
| Email: | info@obssa.co.za | ||||||||
| Web Site: | www.obssa.co.za | ||||||||
| Post: | PO Box 5728, Johannesburg 2000 | ||||||||
| Master Contractors Accreditation Bureau (MCAB) | |||||||||
| A body that was formed to address the deteriorating credibility of the renovations sector of the building industry that falls outside the control of the National Home Builders Registration Council (NHBRC). | |||||||||
| Call Centre: | 086 000 6222 | ||||||||
| Fax: | 086 655 8786 | ||||||||
| Email: | info@mcab.co.za | ||||||||
| Web Site: | www.mcab.co.za | ||||||||
| Post: | PO Box 14394 , Bredell, 1623 | ||||||||
| Address: | 37A Commisioner Street, Kempton Park | ||||||||
| National Credit Regulator (NCR) | |||||||||
| Complaints regarding abusive credit practices can be referred to the National Credit Regulator which is empowered under the National Credit Act to act. | |||||||||
| Call Centre: | 0860 627 627 | ||||||||
| Tel: | 011 554 2600 | ||||||||
| Email: | info@ncr.org.za | ||||||||
| Web Site: | www.ncr.org.za | ||||||||
| Address: | 127 – 15th Road , Randjespark, Midrand | ||||||||
| Council for Medical Schemes | |||||||||
| An autonomous body, established by Parliament, to supervise medical schemes. The Registrar of Medical Schemes is Patrick Masobe. | |||||||||
| Share Call: | 0861 123 267 | ||||||||
| Tel: | 012 431-0500 | ||||||||
| Fax: | 012 430-7644 | ||||||||
| Email: | complaints@ medicalschemes.com | ||||||||
| Web Site: | www.medicalschemes.com | ||||||||
| Postal Address: | Private Bag X34, Hatfield 0028 | ||||||||
| Credit Information Ombudsman | |||||||||
| For Credit Bureaux problems, the Credit Information Ombudsman is Manie van Schalkwyk. | |||||||||
| Call Centre: | 0861 662 837 | ||||||||
| Email: | ombud@creditombud.co.za | ||||||||
| Web Site: | www.creditombud.org.za | ||||||||
| Postal Address: | Postnet Suite 444, Private Bag 1, Jukskei Park 2153 | ||||||||
| National Home Builders Registration Council (NHBRC) | |||||||||
| Providing protection to buyers of new homes against unacceptable quality standards or builders who refuse to get involved in the rectification of built in defects of the home. | |||||||||
| Web Site: | www.nhbrc.org.za | ||||||||
| Electrical Contractors Association of South Africa | |||||||||
| To maintain high standards in the electrical contracting industry and to promote professionalism in the industry. | |||||||||
| Web Site: | www.ecasa.co.za | ||||||||
| Financial Services Board | |||||||||
| The Financial Services Board regulates the financial services industry. The head of the FSB is Rob Barrow. | |||||||||
| Toll-free: | 0800 110 443 or 0800 202 087 | ||||||||
| Tel: | 012 428-8000 | ||||||||
| Fax: | 012 347-0221 | ||||||||
| Email: | info@fsb.co.za | ||||||||
| Web Site: | www.fsb.co.za | ||||||||
| Postal Address: | PO Box 35655, Menlo Park 0102, The Financial Services Board, Rigel Park, Pretoria | ||||||||
| Address: | 446 Rigel Avenue South, Erasmusrand, Pretoria | ||||||||
| South African Council for the Property Valuers Profession | |||||||||
| Protection of members of the public in their dealings with registered valuers. | |||||||||
| Tel: | 012 348-8643/4/5 | ||||||||
| Fax: | 012 348-7528 | ||||||||
| Email: | info@sacpvp.co.za | ||||||||
| Web Site: | www.sacpvp.co.za | ||||||||
| Postal Address: | PO Box 114, Menlyn 0063 | ||||||||
| Address: | 77 Kariba Street, Lynnwood Glen, Pretoria | ||||||||
| South African Institute of Valuers | |||||||||
| The national society of professional real estate valuers. The Institute is dedicated to serving the public interest by advancing high standards for members of the appraisal profession. | |||||||||
| Web Site: | www.saiv.org.za | ||||||||
| Housing Estates & Retirement Village Association of South Africa | |||||||||
| Focuses on providing well-managed, secure and peaceful dwellings within a socially active community. | |||||||||
| Tel: | 021 559-8113 | ||||||||
| Fax: | 021 559-8113 | ||||||||
| Email: | info@hervasa.org.za | ||||||||
| Web Site: | www.hervasa.org.za | ||||||||
| Postal Address: | 61 La Provence Rd, Welgelegen 7500 | ||||||||
| Institute of Estate Agents of South Africa (National) | |||||||||
| The Institute of Estate Agents of South Africa encourages the highest standards in real estate practice. Its unceasing aim is that the practice of real estate be recognised by members as a profession and that its members be respected and trusted by all. | |||||||||
| Tel: | 021 531-3180 | ||||||||
| Fax: | 021 531-2931 | ||||||||
| Email: | kate@national.ieasa.org.za | ||||||||
| Web Site: | www.ieasa.co.za | ||||||||
| Address: | 10 Howard Studios, Sheldon Way, Pinelands 7405 | ||||||||
| Long Term Assurance Ombudsman | |||||||||
| For Life Assurance problems, the Ombudsman is Judge Peet M. Nienaber. | |||||||||
| Tel: | 021 657-5000 | ||||||||
| Fax: | 021 674-0951 | ||||||||
| Email: | info@ombud.co.za | ||||||||
| Web Site: | www.ombud.co.za | ||||||||
| Postal Address: | Private Bag X45, Claremont 7735 | ||||||||
| South African Property Owner’s Association (SAPOA) | |||||||||
| The representative body and official voice of the commercial and industrial property industry in South Africa, committed to protecting the interests of the commercial and industrial property sectors, in terms of ownership, management and development. | |||||||||
| Tel: | 011 883-0679 | ||||||||
| Fax: | 011 883-0684 | ||||||||
| Email: | web@sapoa.org.za | ||||||||
| Web Site: | www.sapoa.org.za | ||||||||
| Postal Address: | PO Box 78544, Sandton 2146, Paddock View | ||||||||
| Address: | Hunt’s End Office Park, 36 Wierda Road West, Wierda Valley, Sandton | ||||||||
| Master Builders Association | |||||||||
| Offers advice, inspections and mediation if your builder has provided you with unsatisfactory workmanship. | |||||||||
| Email: | gmba@mweb.co.za | ||||||||
| Web Site: | www.gmba.org.za | ||||||||
| South African Revenue Services (SARS) | |||||||||
| For all information regarding your tax obligations, contact the branch situated closest to you. | |||||||||
| Call Centre: | 012 317-2000 | ||||||||
| Tel: | 012 422-4000 | ||||||||
| Email: | cgt@sars.gov.za | ||||||||
| Web Site: | www.sars.gov.za | ||||||||
| Postal Address: | Private Bag X932, Pretoria 0001or PO Box 402, Pretoria 0001 | ||||||||
| Address: | 299 Bronkhorst Street, Nieuw Muckleneuk, Pretoria | ||||||||
| South African Council for the Architectural Profession | |||||||||
| Mediation on behalf of clients for unprofessional conduct by an architect. Law requires all architects, to be registered with the council. | |||||||||
| Tel: | 011 794-8333 | ||||||||
| Fax: | 011 794-8339 | ||||||||
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Sun City – If you want to make easy money, avoid the property sector. That’s the message from delegates at the South African Property Owners Association’s (Sapoa’s) national conference in Sun City.
A panel of speakers, consisting of leaders of some of the country’s largest listed property groups, said the era of exuberant investment as it occurred a decade ago is over.
“When the upturn comes, it will be stronger than we are used to,” said Mike Flax, managing executive of listed property company Redefine. “But [the industry] will be more wary and more conservative.”
According to Flax, the recent recession has put paid to opportunities to make “easy money”, as was the case in the last couple of years.
The panel voiced its concerns over the possibility of stagflation as rental growth remains stagnant.
During the February and March reporting season, the biggest listed property companies – Growthpoint and Hyprop – reported distribution growth of 5% and 6.5% respectively.
According to Frank Berkeley of Nedbank Corporate Property Finance, these results will remain flat for the rest of 2010. “We’re close to the bottom, but not really on the upside yet.”
Norert Sasse, CEO of the R23bn strong Growthpoint Properties, said now is not the time to enter into any form of speculative developments.
“This spectre of stagflation is just against the fundamentals of putting a property development together,” said Sasse.
The economy lost 171 000 jobs in the first quarter of 2010, according to Statistics SA. This, combined with Greece’s debt troubles, is adding to industry fears of a double dip.
According to the panel, the sector’s fundamentals have weakened. Sasse said he distrusts numbers coming from the retail industry. “Malls would rather keep their shops occupied, and are accepting less for monthly rentals.”
“You can’t find [tenants] for love or money, especially in shopping centres.”
During the February and March reporting season, Growthpoint, Redefine and Hyprop – all retail-focused and representing about R61bn of the R112bn property market – reported vacancy rates of 6%, 9% and 4.5%.
SA Corporate, with a portfolio consisting mainly of small community shopping centres, reported an 8.6% vacancy rate for the year ending December 2009.
The type of investor looking at the property sector should be at least 10 years from retirement, said Erwin Rode of Rode & Associates.
- Fin24.com
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