By Charles Baker I was recently requested to chair the Annual General Meeting of a local KwaZulu‐Natal sectional title body corporate. The members wanted a reliable and independent person to guide the meeting through some contentious issues and I was happy to assist. The proceedings at the meeting focused my attention on what I consider…
By Mike Addison Recently, the question of fidelity cover has arisen on the STO website and others. Here follows more or less what our thinking is in terms of insuring the body corporate I terms of PMR 29(2)(b). In a nutshell, trustees are supposed to see to it that the body corporate has fidelity cover,…
By Dr Gerhard Jooste Over the years Managing Agents have developed two basic ways in which they manage the trust money of their clients. Some have created individual current accounts for each client and others have a central current account into which all monies are deposited. The question that we ask in this article is:…
