Gå ubegrenset med Magzter GOLD

Gå ubegrenset med Magzter GOLD

Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare

$149.99
 
$74.99/År

Prøve GULL - Gratis

New rules for South African complexes

Personal Finance

|

October 2025

IF YOU are a homeowner or tenant in one of South Africa's many residential complexes, you are likely to be impacted by a new legal directive issued by the Community Schemes Ombud Service (CSOS), which transforms how estates are governed.

- GRANT SMEE

New rules for South African complexes

Central to the change is the eradication of 'undesirable estate rules', which have long been a source of frustration for many residents. These are rules which are sometimes implemented by trustees that could be deemed unconstitutional or discriminatory.

This has been an issue for some time in South Africa, and the new legal directive—which is aimed at trustees and scheme managers—provides residents and tenants of sectional title properties with a much more equitable framework in which to live.

The CSOS Consolidated Practice Directive 1 of 2025 (signed 18 July 2025) consolidates and supersedes prior CSOS practice directives, creating a single reference for community-scheme governance.

It is important to note that the directive is not new legislation: it is practice guidance issued under Section 36 of the CSOS Act, providing direction but not creating primary law. This directive sets out stricter compliance standards around scheme governance, conduct rules and penalties while also ensuring the rules are more transparent and legally compliant.

A case went before the Pietermaritzburg High Court regarding regulations at a KwaZulu-Natal golfing estate, which were deemed unconstitutional.

Residents were being subjected to excessive speeding fines within the estate by the Homeowners Association, and with domestic employees being limited in their freedom of movement—which, as the judge noted, “prevailed in the apartheid era”, showing the kind of overreach CSOS aims to curb.

FLERE HISTORIER FRA Personal Finance

Personal Finance

Costco Wholesale Corp. (COST US)

Costco Wholesale Corporation is a membership warehouse club that sells a variety of food, automotive supplies, toys, hardware, sporting goods, jewellery, electronics, apparel, health, and beauty aids, as well as other goods with a robust international footprint. The company serves customers through its warehouses and e-commerce sites.

time to read

2 mins

October 2025

Personal Finance

Personal Finance

Township property: An untapped market?

Soweto leads township 'big three'; Khayelitsha needs more of Cape Town's shine

time to read

4 mins

October 2025

Personal Finance

Personal Finance

Graduated-now what?

Survey of young Africans shows that degrees don't always land them a job

time to read

4 mins

October 2025

Personal Finance

Personal Finance

City of Cape Town and Walmart shake up CRE sector

Public-private partnerships and global retail giants drive commercial property renewal

time to read

3 mins

October 2025

Personal Finance

Personal Finance

Happy birthday! Two-Pot turns one

SEPTEMBER MARKED one year since the implementation of South Africa's Two-Pot retirement system—a reform aimed at balancing the need for long-term retirement savings, with the immediate financial needs of individuals.

time to read

4 mins

October 2025

Personal Finance

Personal Finance

Rethinking investing in an age of uncertainty

Focus on fundamentals, not forecasts

time to read

3 mins

October 2025

Personal Finance

Anheuser-Busch InBev (ANH ZA/US)

AB InBev is the largest brewer in the world. The company produces, markets, distributes, and sells a portfolio of over 200 beer brands. Its global flagship brands include Budweiser, Stella Artois, and Beck's. The company fully owns SAB, following the acquisition of SABMiller in October 2016. Headquartered in Leuven, Belgium, ANH is geographically diversified with its footprint spanning across ~50 countries.

time to read

2 mins

October 2025

Personal Finance

Personal Finance

The end of the shock absorber

Sticky inflation, rising fiscal strains and weak growth are eroding the role of bonds

time to read

3 mins

October 2025

Personal Finance

Analysing annual reports (part 3)

WHEN EVALUATING the financial health of a company, many people focus on the income statement or the balance sheet. While these are essential tools, the cash flow statement often provides the clearest picture of a company’s real financial strength.

time to read

3 mins

October 2025

Personal Finance

The Krugerrand comeback

ANALYSTS ARE predicting that 2025 will be a boom year for Krugerrandsnot only because values are escalating along with the gold price, but because this year is expected to see the highest sales in decades.

time to read

2 mins

October 2025

Listen

Translate

Share

-
+

Change font size