https://www.engineeringnews.co.za

Property body investigates municipal rates and taxes

24th March 2017

By: David Oliveira

Creamer Media Staff Writer

     

Font size: - +

The South African Property Owners Association (Sapoa) announced recently that it had reappointed specialist consultant Rates Watch to monitor rates policies for the next five years, owing to the negative impacts of rising municipal rates and taxes on operating costs, gross rentals and property management resources.
Rates Watch’s mandate from Sapoa will continue to be a focus on unearthing municipal budget information on key property- related costs, such as rates and taxes, electricity or water, in South Africa’s 11 largest municipalities – Cape Town, in the Western Cape; Nelson Mandela Bay and Buffalo City, both in the Eastern Cape; Mangaung, in the Free State; eThekwini and Msunduzi, in KwaZulu-Natal; Ekurhuleni, Johannesburg and Tshwane, in Gauteng; Polokwane, in Limpopo; and Mbombela, in Mpumalanga.

The consultancy will be responsible for identifying, analysing and collecting information pertaining to relevant municipal policies and legislation, as well as the medium-term revenue and expenditure frameworks at the selected municipalities.

Sapoa represents companies and organisations in the commercial property sector. Sapoa CEO Neil Gopal points out: “Members contribute significantly to the rates base, and we believe it to be in our interest [and that of] municipalities . . . to partner on this matter. As a sector, commercial and industrial property [companies] want to contribute in a positive way towards the efficient functioning of municipalities.”

Sapoa has been vocal in challenging the legality of increased municipal rates charged to members. “Our primary goal is to alert our property owner and investor members to changes in property-related municipal costs that could impact on them,” concludes Gopal.

Edited by Martin Zhuwakinyu
Creamer Media Magazine Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

Multotec
Multotec

Multotec, recognised industry leaders in metallurgy and process engineering help mining houses across the world process minerals more efficiently,...

VISIT SHOWROOM 
Monitor Distributors
Monitor Distributors

We at Hawk High Pressure Pumps specialise in industrial pumps and pumping systems. Our high pressure washing equipment is locally manufactured and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.062 1.287s - 142pq - 2rq
Subscribe Now