Andrew Alt, auditor - "It was particularly useful to be able to study at my own pace within the broader time-frame of the course." Nomkhosi Mashile - "The whole Paddocks team was a great pleasure to work with." Stafford Sims-Handcock - "I enjoyed the interactive quiz as it helped tremendously with the actual learning process." Keletso Maswabi, Botswana Housing - "Very well suited for distance learning and very resourceful. The workshop was brilliant." Hilay Middleton - "The structure of the course and modules allowed me to develop a better understanding about sectional titles." Tewie Willemse, attorney - "Although I am not a computer whiz, I found the online component easily accessible and user friendly." Nomkhosi Mashile - "Anton Kellyâ" Val Thompson, trustee - "The staff were very efficient and approachable." Val Thompson, trustee - "The receipt of modules and results was quick and efficient, backed up by SMS. There was definitely a comforting personal touch." Monica Claassen, chairperson - "Your staff is excellent and very friendly." Bridget Bakker, portfolio manager - "Congratulations to all involved in making Paddocks such a success. I will sing your praises to whoever will listen!" Mike Addison, director of Addsure - "Anyone connected to sectional title, whether an owner, trustee or managing agent, should own a copy of this essential reference manual." Rudo van Heerden, property manager - "The purchase of Deeltitel Oorlewingsgids was a true investment for myself and my company." Prue Padayachy, Sectional Titles - Home Loans Credit - "Thank you for the opportunity. " Irene Kotze - "The course was very well presented, it was easy to follow the explanations of the informative course material." Annette Gowar, managing agent, - "The course is great; I love doing the quiz and Who wants to be a millionaire. I have learnt a great deal about HOAs. " Siveshna Padayachee, attorney and partner at Lomas-Walker Attorneys - "I can download the modules or attempt the assignment quiz at my own time. " Anton Gouwsventer, managing director - "The thinking and effort that has gone into this learning methodology, as it is presented online by Paddocks, is really great." Mandy Roesstorff, managing agent and accountant - "As Paddocks are so organised and efficient, distance learning has been simple." Colin Grenfell, managing agent - "Your distance-learning model is very professional and easy to understand, the forum is particularly useful is furthering understanding." Liesl Ungerer, managing agent - "This is much more efficient than having to go and sit in a classroom and listen." Hencia Marais, managing agent - "Tamara is really helpful with the assistance like emails, SMSes etc. I find her to be extremely friendly."

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The articles included in Paddocks Press focus on the legal, financial and administrative aspects of sectional title scheme management. Once a month, the best of these articles are selected to appear in our Paddocks Press publication, which is emailed to over 40,000 readers throughout South Africa.

Paddocks Press - July 2010

The July edition of Paddocks Press is now available. Click here to view the newsletter.

Capital of nature or capital punishment

By Clint Riddin

The term capital in accounting terminology usually refers to expenditure which relates to purchasing or investing in or acquiring property, plant or equipment which is then used in the production of income, in other words, to make money.

However, whilst the running of the finances of a body corporate should be based on sound financial principles and good governance, the nature of a body corporate is not to run at a profit and so no investment in assets which are used to generate income takes place; the objective is to generate reserves and funds.

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