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BUSINESS

PROPERTY

Lightstone says that speculation in South African residential property is at its lowest levels since 2005. Over the past 2 years only 14% of properties purchased were bought with the intent of being sold with in the near future at a profit.

Loos says that our current average real house price level is still -17.2% below the December 2007 high water mark. Looking back beyond 2007, property values in real terms are 66% higher than at January 2001.

PRACTICE

The Concourt ruled that foster care grants are res alios acta and are payable to the foster parent. Such grants are therefore not taken into account for the purposes of an Raf claim
Wayne Coughlan NO CCT 160/14

Another interesting case that will be reported on in time relates to an umbrella body, representing labour brokers, who intend obtaining an order clarifying recent changes to the Labour Relations Act.

CASES

When is a claim against an insolvent company filed?

When the presiding officer at a meeting of creditors admits the claim. From that day prescription ceases.
Betterbridge [2015] JOL 33113

Mun Systems Act v LRA

Which prevails, the Municipal Systems Act or the Labour Relations Act?
The LRA
City Power CCT 133/14

Damages

How is damages computed where a warranty that all alterations to a house have been approved by the local authority is false? The court discussed the formulae for calculating damages, i.e. the sum-formula and the concrete approach (at

QUOTABLES

I'd rather be a could-be if I cannot be an are; because a could-be is a maybe who is reaching for a star. I'd rather be a has-been than a might-have-been, by far; for a might have-been has never been, but a has was once an are. Berle

WEIRD & WONDERFUL

Our Mother of the Nation (bless her soul):

LIGHTEN UP

If you want to change the world, do it while you