MidCity News

By Sheldene du Plessis – Senior Accountant: Ascendant Financial Services Investing in property has long been recognised as a reliable hedge against inflation. As property values typically rise in tandem with inflation rates, real estate offers a solid opportunity for those looking to protect their wealth. “If you want to hedge against inflation, property is […]

By Bennie van Dyk – Senior Operations Manager: Community Schemes Management When living in close proximity to each other, it only follows that conflict will arise at some point.  How you deal with such conflict will determine the character of your community scheme and eventually the value of your investment. When should a dispute be

by Annette Branders – Line Manager, Property Administration Residential Letting, also known as renting, is the process of leasing out a property to tenants for living purposes. It’s a significant part of the housing market, providing flexible living arrangements for those who either cannot afford to buy a home or prefer the convenience of renting.

By Antonette Rütter – Product Marketing Administrator: Property Administration & Facilities Management We all can agree that digital marketing is part of the future of every business. Without it, businesses fall behind the competition and customers have trouble obtaining information about a company, product or service. By embracing technology and using it to gain a

By Sheldene du Plessis – Senior Accountant: Ascendant Financial Services South Africa’s retirement savings system is undergoing a transformation, with the new system scheduled to begin on 1 September 2024. Starting from this date, your current retirement savings and future contributions will be divided into three segments. Your accumulated retirement savings up to 31 August

By Sheldene du Plessis – Senior Accountant: Ascendant Financial Services Tax-Free Investments (TFIs) offer unique advantages for financial growth and security but require understanding for optimal utilisation. Benefits of TFIs: Limitations to Consider: Types of Tax-Free Investments: Understanding Contribution Limits and Withdrawals: Example: 2024 Year of Assessment Where the taxpayer invested R40,000 Annual contribution limit

By Bennie van Dyk – Senior Operations Manager: Community Schemes Management Improving key relationships in a sectional title scheme is to the benefit of all involved. This article is the second in our series about improving relationships between owners, trustees and management. The previous article was directed at owners; whereas in this one, we address

By Anita Stewien – Facilities Administrator At MidCity Property Services, the Facilities and Maintenance Department covers an entire spectrum of duties. However, none of these would be possible without having a structure in place to appoint contractors that meet the company’s expectations and standards, to provide the best quality service to landlords and stakeholders. The

Following the retirement announcements of our previous-CEO, Mr Marius Alberts and our current CFO, Mr Johan Basson earlier this year, the MidCity Group implemented interim changes within the executive team, to ensure seamless transitions in these roles. In the past month, the MidCity executive team have taken the time to address the permanent placements for

By – Antonette Rütter – Product Marketing Administrator: Property Administration & Facilities Management With the property industry being on track for recovery in 2024, we are expecting more gains for the listed property index in South Africa. This is promising for new investors stepping into the market, as more and more opportunities are available due