Why are Cape Town property valuations being done so often?

Alderman Ian Neilson, Executive Deputy Mayor of the City of Cape Town says regular valuations are a good thing for all.

We've established a pattern to do it every three years. The law requires us to do it within five years but we believe more regular valuations are better becasue it picks up smaller adjustments in property values.

Alderman Ian Neilson, Executive Deputy Mayor of the City of Cape Town

The question on homeowners minds is what will the impact of the new valuation be on their rates bill?

Alderman Neilson says they cannot provide those numbers just yet as the draft budget has not been tabled.

But as far as valuation is concerned your ability to object to it has nothing to do with the rates you pay. It is about the market value of the property in August 2015

Alderman Ian Neilson, Executive Deputy Mayor of the City of Cape Town

The process is driven by property professionals and valuers appointed by the City.

They us the sales data that they get from the deeds office so it is based on actual sales that have taken place during 2015.

Alderman Ian Neilson, Executive Deputy Mayor of the City of Cape Town

For homeowners wanting assistance there are 17 stations and extensive online support available, says Alderman Neilson.

Read More
School principals weekend confab on 'Brain Waves of Change'

School principals weekend confab on 'Brain Waves of Change'

International Confederation of Principals Convention will be held at the Cape Town International Convention Centre on Saturday.

Specialised units to tackle child killings  in Western Cape

Specialised units to tackle child killings in Western Cape

This follows an incident in which a Mitchells Plain mother allegedly choked her newborn son to death and hid him under a mattress.

Outa files urgent court interdict to freeze Gupta money

Outa files urgent court interdict to freeze Gupta money

Outa wants to prevent the money leaving SA as it is meant for the rehabilitating areas in which Gupta mines were situated.

Free entrance to SanParks for all South Africans

Free entrance to SanParks for all South Africans

SanParks is running a week-long campaign that affords South African residents free access to almost all 21 national parks.

South Africans' condom use has dropped

South Africans' condom use has dropped

CareWorks' Hilton Julius says there's still a stigma associated with condom use with inadequate usage pegged at 65% of men.

Kidz2Kidz host anti-bullying 'minute of silence' to celebrate World Peace Day

Kidz2Kidz host anti-bullying 'minute of silence' to celebrate World Peace Day

On Thursday South Africans encouraged to observe a minute's silence at 12 noon to remember those lives lost through bullying.

Popular articles
KPMG International's meeting with Pravin Gordhan

KPMG International's meeting with Pravin Gordhan

The Money Show’s Bruce Whitfield interviews Pauli van Wyk, a journalist with Scorpio at Daily Maverick.

'KPMG must fall, it's as simple as that' - caller

'KPMG must fall, it's as simple as that' - caller

In the wake of recent allegations, Eusebius McKaiser asks listeners what should happen to KPMG in South Africa.

KPMG SA’s new CEO opens up about the future of the disgraced auditing firm

KPMG SA’s new CEO opens up about the future of the disgraced auditing firm

The Money Show’s Bruce Whitfield interviews KPMG South Africa CEO Nhlamu Dlomu.

Ocean View activist speaks: We have had 20 murders in 2017 alone

Ocean View activist speaks: We have had 20 murders in 2017 alone

Sharone Daniels, a community activist in Cape Town's Ocean View says they need police intervention to end gang violence.

Civil engineer devises plan to use stormwater in Cape Town

Civil engineer devises plan to use stormwater in Cape Town

Civil engineer and Ph.D. researcher John Okedi speaks to CapeTalk host John Maytham about his plans.

[WATCH] Day-Zero for water running out fast approaching?

[WATCH] Day-Zero for water running out fast approaching?

A government employee emailed John Maytham about what he or she believes is the real state of play with the Cape water crisis.

Sasfin CEO opens up about dumping KPMG

Sasfin CEO opens up about dumping KPMG

The Money Show’s Bruce Whitfield interviews Sasfin CEO Roland Sassoon.