Monday, November 13, 2017

Painting the Boundary Wall

One of the primary objectives of the SBHOA is maximizing property values. 

Since the outside boundary walls of Sunset Beach (ie, the walls visible from, and running parallel to, the R27) have become quite shoddy looking over the past decade or two, we have commenced a project to repaint these walls. 

This will help to give our village a much needed “make-over”.

Starting from 14 November 2017, you might notice the painter working progressively along the stretch. Only one good painter has been appointed as this is far easier to control, the project is smaller that one might think, and we do not want a multitude of people traipsing all over the vegetation.

The project should be complete within 2 weeks, and certainly before the end of November 2017
  • No water will be used in the preparation. 
  • Any cleaning will be done by hand brushing/sanding/etc.
  • We are also using a top quality pure acrylic paint.

If there are any questions regarding this project, please do not approach the painter but rather direct your queries to the SBHOA (

Friday, November 10, 2017

Water supply interruption on 10 November 2017

9 November 2017
Water supply interruption on 10 November 2017
Our Water and Sanitation Department will shut down the Tygerberg Molteno water pipeline, which feeds water into the Cape Town CBD and surrounding areas. The shutdown will take place on Friday 10 November 2017 for 12 hours, from 22:00. A number of areas will experience low water pressure or reduced water supply during this time.
The affected areas include:
  • Cape Town CBD
  • Cape Town Harbour (Transnet)
  • Lower Woodstock
  • Maitland
  • Paarden Eiland
Green Point and Sea Point may also be affected.
The shutdown will take place because we need to assess the condition of the pipeline as we prepare for the Cape Town Harbour emergency desalination plant.
Please keep up to 10 litres of drinking water available per day for essential use during this time.
Remember to close all taps when not in use to prevent damage/flooding when water supply is restored.
We apologise for any inconvenience caused, but this is a necessary step in our efforts to beat this drought – with your help.
We thank you for your support, Team Cape Town.

Tuesday, November 7, 2017



The Treasury has agreed to withdraw its controversial proposal to repeal a six-month tax exemption on foreign income earned abroad. Instead, it plans to introduce a R1-million threshold before taxes are imposed, in specified circumstances.

Implementation of the new set-up will be postponed to March 1 2020, instead of the initially proposed March 1 2019 for the old plan. This will give people more time to adjust their contracts or circumstances, or formalise their tax status. Finance Minister Malusi Gigaba has still to approve of the proposed amendments.

Treasury director for personal income taxes and saving Chris Axelson made the announcements at a meeting of parliament's standing committee on finance when presenting the Treasury's response to public submissions on the draft Taxation Laws Amendment Bill and the draft Tax Administration Laws Amendment Bill.

In terms of the proposal, the first R1-million of foreign remuneration will be exempt from tax in South Africa "if the individual is outside the Republic for more than 183 days, as well as for a continuous period of longer than 60 days during a 12-month period", Axelson said.

South African tax would be applied for foreign-earned income greater than R1-million.

"The exemption threshold should reduce the impact of the amendment for lower- to middle-class South African residents who are earning remuneration abroad. The effect of the exemption will also be that South African tax residents in high income tax countries are unlikely to be required to pay any additional top-up payments to the South African Revenue Service."

Axelson said the amendment would address most of the concerns of individuals such as nurses and teachers who go overseas looking for work.

Cartoon by ZAPIRO

The ‘Africa rising story’ was based on faulty logic – here’s how to fix it
Oct 31 2017 13:47 
Lorenzo Fioramonti

Until a couple of years ago, all financial institutions and investment banks were celebrating ‘Africa Rising’, in a symphony of compliments that should have cautioned any reasonable African leader as well as citizens on the continent. 
But what did they really mean when they were saying that Africa was rising? 
They simply meant that its GDP, which is the conventional measure of economic growth, had been growing (on average) at a faster rate than in other regions of the world. 
Of the world’s top 10 countries in real GDP growth rates for 2012, five were indeed African. 
Libya topped the list, with an astounding 124%, followed by Sierra Leone with 15.2%, Zimbabwe with 13.6%, Niger with 11.8% and Ivory Coast with 10.1%. 
A year later, in 2013, South Sudan was Africa’s best performer, with 29.3%. 
Ever since, other very fast growing economies included Angola, Chad and the Democratic Republic of Congo. 
But GDP tells us nothing about the health of an economy, let alone its sustainability and the overall impact on human welfare. 
GDP is simply a measure of market consumption, which has been improperly adopted to assess economic performance. 
Where does South Africa’s  .75 % growth rate fit into this picture?


Introducing our new associate:
TRADE & LEGAL will assist us with Testamentary issues, Trusts, Legal consulting and Debt recoveries. Most of our Company Statutory work will be performed by Trade & Legal. “We can now offer so much more” says Dot Schafer CA (SA)
The Team
Linda, Dot, Angela, Ferial, Sam and Leon

Contact information
Dorothy Rose Schafer CA (SA)
Practice Number 03084501

Angela Crossland:
Linda Richards:
Deceased Estates/Trusts/Mediation/Legal
Leon Terblanche:
Web links