About Me

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I am a qualified Attorney. I specialise in Property Law, Commercial Law, Corporate Law and Trusts.
Please visit our website at www.prop-law.co.za for more details.
I am an elected Committee Member of the Property Committee of the Association of Pretoria Attorneys and through my involvement, I like to ensure that I am constantly at the "sharp-end" of Conveyancing Practice.

I am the elected Chairman on the Gauteng Council of SAPOA. The South African Property Owners Association (SAPOA) is the biggest and most influential institution in the property industry. SAPOA members control about 90% of commercial property in SA, with a combined portfolio in excess of R150 Billion (about $22 Billion). I am also on the National Council and the National Legal Committee of SAPOA.
Member of the Institute of Directors South Africa and Member of the Sirdar Governance Panel.

15 February 2012

Home loan plan targets civil service

Home loan plan targets civil service

The government's mortgage default insurance (MDI) scheme, aimed at helping lower-middle-income earners to own their own homes, would start operating in the new financial year, it emerged yesterday.

The R1 billion scheme would initially apply to police officers, nurses and teachers, Deputy Human Settlements Minister Zou Kota-Fredericks said in Parliament.

"We have not quantified in terms of numbers, but we know exactly what category (of people) we are talking of - police, nurses and teachers," she said.

"Professionals who (earn) between R3 500 and R15 000 (a month) - that is the area we are focusing on at the moment."

The MDI would allow people who earn between these amounts to "access a subsidy from the provinces of up to R83 000", enabling them to secure housing finance of up to R300 000 from an accredited bank. It would "mitigate the default risk" on mortgage loan repayments to the banks, Kota-Fredericks said.

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