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Paddocks Press Newsletter

Paddocks Press is a free monthly digital newsletter published to educate and update the sectional title community. Click here to sign up for the Paddocks Press mailing list now.

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.


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Paddocks Press - July 2010

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

Paddocks Press - July 2010

 

 

 
Capital of nature or capital punishment

By Clint Riddin

Clint RiddinThe 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.
 
The challenges of sectional title in the low-cost sector

By Sayed Iqbal Mohamed

Sayed Iqbal MohamedThere are certain challenges common to all sectional title owners, irrespective of their social or financial status. Management, maintenance, co-operative environment, levies and rules all require some level of understanding, acknowledgement and commitment to make a scheme functional and efficient.
 
Meet Tracey du Plessis
Thursday, 22 July 2010 00:00
By the Newsletter Team

TraceyTracey du Plessis, a portfolio manager at Constantia Sectional Title Management and veteran Paddocks student, came upon her sectional title career by chance – and after 18 months, she’s loving it. Tracy took some time out to share a bit about herself.
 
Disqualifications from voting in sectional title meetings
By Jennifer Paddock
Jennifer_Paddock
Owner meetings

The right to vote is one of the normal consequences of membership of an association. An owner of a unit in a sectional title scheme is automatically a member of the body corporate and will usually have the right to vote at all of its general meetings either personally, by proxy or through another legally recognised representative.
 
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