Estate-Living-July-2016.Pdf

ISSUE NO.18 TECHNOLOGY EVOLUTION ESTATE LIVING Smart Living ENERGY INDEPENDENCE AT HOME

SMART SOLAR SOLUTIONS FOR YOUR HOME WITH SIZWE IT GROUP

About our systems:  Systems are designed to meet unique requirements, with both single and 3 phase compatibility  Size can be up scaled from 5kW to any size  Option of both grid tied plants and hybrid systems  Remote monitoring accessible anywhere on the globe  Optional generator integration  Smart technology optimisers ensure maximum efficiency to run pool pumps and other items during the day when excess power is available

Sizwe IT Group also offers tailor made financing options. Our team of professionals is ready to conduct an energy audit on your home to determine a suitable solution for you.

Sizwe House| 62 Waterloo Ave, Samrand, Kosmosdal, 1682| Tel: 012 657 5300| Email: [email protected]

Delivering Excellence Together Interest 06. The Vines 26. Sustainable Living 46. Smart Living Table of Contents

Reviews

Estate 10. The Houghton 14. Saddlebrook Estate 20. Thesen Islands 31. New Court at Steenberg 34. Retirement Living www.estate-living.co.za publisher. express of the the permission without any format in stored or transmitted be reproduced, digitally publication orany may ofitscontent ofthis part No acknowledged. is duly registered trademarks publication.Theownership of inthis contained any omissions or errors accept not liability for Group. can regretfully The publisher and editor Phoenix Freelance views CC of the the necessarily The opinions and views expressed herein are not Phoenix Freelance cc COPYRIGHT 2010: [email protected] EDITORIAL ENQUIRIES: [email protected] ADVERTISING ENQUIRIES: Marshel Fuse Liona Mugonda ADMINISTRATION Pritchard Marita Munashe Mbavarira Warren Cornelius ADVERTISING SALES Jen Stern FEATURES WRITER John Cockayne GOLF EDITOR Cunningham-Scott Michele DESIGN &LAYOUT VorsterAdrienne MANAGERFINANCIAL Louise Martin EDITOR INCHIEF PARTNER/ Jaimé-Lee Gardner FOUNDER/CEO [email protected] EDITORIAL ENQUIRIES: [email protected] ADVERTISING ENQUIRIES: from FRONT COVERIMAGE:SADDLEBROOKESTATE Louise Martin participated. who all & team ARC the Gilmour, Jeff done, Well is the market maturing andcan besure oflong-term stability. that shows cooperation of type This experiences. shared through issues resolve Developers and management worked together to strength, not only financially, but as a community. in growing is community estate the how light to brought workshops the in Participating success. conference held at Midstream Estates was a great The Association of Residential Communities (ARC) water management. sustainable for technology new interesting some Houghtonprofile present The we high- And Residences. the with estates aerial exploring continue We hole. 17th landscaped beautifully Spa’s and Resort Golf Oubaai to Estate’soffering Saddlebrookequestrian – from characteristics unique own its with each estates, beautiful most the of some visiting month, this country the around travelling been I’ve retirement, my towards hard Working issue’s this in retirement feature. detail discuss more in we schemes right specialists, life industry themselves. protect with longer Working no can they when security,and moralthe with force toprotect them an buyers opportunity gives to enjoy their twilight years that in comfort construct right legal life a successful scheme: a of meaning true the you gives which legal, or moral are rights and vitality, in mystery life print. vigour and But fine about and is shrouded become they in, thrown “scheme” right!” Used in a retirement context with the word us. Puttogether, they soundlike ademand: “Life Life andright, two words that resonate withallof THE EDITOR ...wide plank oak floors hand-crafted hand-crafted ...wide plankoakfloors Durban: 0310001000 Johannesburg: 0112623117 to your specificlifestyle needs. Nick Gluckman: 0825554611

Cape Town: 0215102846 | BeaconRock, Lighthouse Rd, Umhlanga | 03DesmondStreet, Kramerville | [email protected] | 37Paarden EilandRd www.oggie-sa.co.za

Steenberg,, Western Cape. Oggie FSC European Oak, Oliato Danish White with Woca Denmark UV White Oil - (15/4 x 220 x 2200) ...wide plank oak floors hand-crafted hand-crafted ...wide plankoakfloors Durban: 0310001000 Johannesburg: 0112623117 to your specificlifestyle needs. Nick Gluckman: 0825554611

Cape Town: 0215102846 | BeaconRock, Lighthouse Rd, Umhlanga | 03DesmondStreet, Kramerville | [email protected] | 37Paarden EilandRd www.oggie-sa.co.za

Steenberg,, Western Cape. Oggie FSC European Oak, Oliato Danish White with Woca Denmark UV White Oil - (15/4 x 220 x 2200) 6 PIECE LADY CAROLINE BEDROOM SUITE HOME OF The beautiful and distinquised suite features top quality foils and is finished in a classic burl. No wax or polish needed. Includes a stool 2059 x 30 months • for the dresser. Accessories not included. Deposit 3800 Total Payable 61770 at 23% Interest Total Save 12000 37999

2 PIECE MEDINA CHAISE LOUNGE SUITE collection

An elegant mix of design and 7 PIECE STERLING comfort, upholstered in lush linen fabric with added ﬁ bre ﬁ lled back DININGROOM SUITE cushions, o ering maximum seating, versatility and modern appeal. The table is crafted from Acacia Accessories not included. and rubber wood. The classy, straight-lined lounge chair with

732 x 30 months 732 x 30 months its angled, deep buttoned high • Deposit 900 • 520 x 30 months Save 2000

Total Payable 15600 at 23% Interest Total back cushion adds a classic look that is far from ordinary. Accessories not included. Deposit 1300 Save 3000 8999 Payable 21960 at 23% Interest Total 12999

3 PIECE NORTH SHORE LOUNGE SUITE collection

Luxuriously crafted design in soft FALL BROOKE leather with solid wooden frame and ENTERTAINMENT STAND large seating space, further enhanced by decorative panels and rolled arm Classic lines with uncluttered features. rests. Consists of 3 and 2 division The paulownia drawers have bold couches and chaise. Accessories not handles. Perfect match for anyfurniture included.

361 x 30 months setting. Dimensions: 1740mmx490m- • mx500mm. TV and accessories not

Deposit 6000 • 3226 x 30 months included. Save 10000 Total Payable 96780 at 23% Interest Total 100%100% Deposit 600 Save 1000 Total Payable 10830 at 23% Interest Total 59999 collection 5999

2.5 DIVISION ESSEX COUCH Classic sofa featuring scroll arms with studded detail. Upholstered in top quality fabric. Loose seat and back cushions for superb comfort and resilience. Accessories not included. 71 x 30 months 224 x 30 months • • Deposit 400 • 240 x 30 months Save 2000 Total Payable 7200 at 23% Interest Total collection Deposit 100 Save 600 Save 600 collection Deposit 370 Total Payable 2130 at 23% Interest Total

Total Payable 6720 at 23% Interest Total LINCOLN COFFEE TABLE Stunning co ee table manufactured DUO OVAL COFFEE TABLE in solid timber and veneers. In a 3999 Exquisite imported co ee beautiful mahogany with drawers table with bevelled glass top. and glass top. Dimensions: Exceptional value for money. 999 1400mmx800mmx450mm. 3699 collection VALID FROM 22 JULY TO 6 AUGUST 2016 MELISSA SLEEPER COUCH WITH CHAISE STORES NATIONWIDE FOR YOUR NEAREST STORE, PLEASE CONTACT OUR CUSTOMER CARE LINE ON 0861 00 88 61 A beautiful addition to any room. A solid PRICES VALID WHILE STOCKS LAST wood frame and silver powder coated Shop on-line at www.houseandhome.co.za metal legs. This couch doubles up as a Prices advertised are applicable within South Africa only.Instalment prices displayed include VAT, interest, compulsory couch and bed with extra sleeping space from the chaise. Deep buttoned surface insurance, monthly service fee and once o initiation fee, but exclude optional insurance and delivery charges. No and a bonded foam provides great deposit and terms subject to credit approval. All credit applications are subject to a credit check and a ordability comfort. assessment. Deposit may have to be paid. Monthly instalments may vary with No Deposit. Provide your ID, latest 3 months pay slips and monthly expense details to ensure rapid response to your credit application. Pre-approved credit subject to credit checks. This o er excludes Store openings, clearance or limited quantity Deposit 700 • 414 x 30 months Save 1300

Total Payable 12420 at 23% Interest Total o ers. Should a mistake occur or incomplete information is printed, we will display a notice in-store with all the correct details. Accessories optional extras. Shoprite Checkers (Pty) Ltd t/a House & Home is an authorised ﬁ nancial services provider and Shoprite Investment Ltd is an authorised credit provider. Quantities may be 6999 limited at our discretion. No dealers allowed. Proud to be NCA compliant. (NCRCP6050)E+OE H&H Cr8if Dept.2129HH 6 PIECE LADY CAROLINE BEDROOM SUITE HOME OF The beautiful and distinquised suite features top quality foils and is finished in a classic burl. No wax or polish needed. Includes a stool 2059 x 30 months • for the dresser. Accessories not included. Deposit 3800 Total Payable 61770 at 23% Interest Total Save 12000 37999

2 PIECE MEDINA CHAISE LOUNGE SUITE collection

732 x 30 months 732 x 30 months its angled, deep buttoned high • Deposit 900 • 520 x 30 months Save 2000

Total Payable 15600 at 23% Interest Total back cushion adds a classic look that is far from ordinary. Accessories not included. Deposit 1300 Save 3000 8999 Payable 21960 at 23% Interest Total 12999

3 PIECE NORTH SHORE LOUNGE SUITE collection

361 x 30 months setting. Dimensions: 1740mmx490m- • mx500mm. TV and accessories not

Deposit 6000 • 3226 x 30 months included. Save 10000 Total Payable 96780 at 23% Interest Total 100%100% Deposit 600 Save 1000 Total Payable 10830 at 23% Interest Total 59999 collection 5999

As South Africans we are often very are dominating the podium at top proud of our achievements, but international competitions, and Van sometimes we just seem to have a blind Ryn’s Distillery in Stellenbosch leads the spot. And in one of those blind spots is pack in worldwide recognition, having our truly world-class brandy industry. claimed the Worldwide Best Brandy Yes, really. Don’t feel bad because you trophy a record 12 times since 2001. didn’t know about it. You’re not alone. Most South Africans, when they think I drove out to Stellenbosch to see what of brandy, look at it as part of the one, all the fuss was about, and the minute two, three brigade – one litre brandy, I walked into Van Ryn’s Distillery I two litres Coke and a three-litre souped- understood. The air was redolent with up Cortina. Or, at the other end of the the enticing bouquet of fine brandy, scale, there are those who buy a bottle and it lifted my spirits immediately – of cheap brandy once a year to put in no pun intended. Honestly. I felt like I the Christmas cake. was floating through a box of liqueur chocolates. It was hard, but I resisted But, hey, did you know we make the the urge to taste because I was driving best brandy in the world? Yes, eat your home, so next time I’ll definitely take an heart out, Cognac, Armagnac and the Uber. rest of France: South African brandies … Coke is – well, yes, into it’s brandy, but sloshes it’s not uncle your and puddings, Christmas on burns mom your stuff The brandy! … is there then and – brandy And that’s when I discovered that there’s we chatted while she showed me around. formalinterview,a So,rather doing than job. her enjoys clearly she and distiller, master woman Africa’sonly South She’s the face. her on smile huge from a with distillery in strolled when Bester aroma Marlene the admiring still was I a Cognac. requirementssimilar toforthose – years three of minimum a for casks oak in matured and vat, copper a in batch-distilled been must be a 100% brandy that has that label potstill the earn to A brandy wants perfect constituents. than less slightly from even brandies potstill blend to temptation financial the away takes that are not absolutely superb. Hence it way of siphoning off any potstill brandies sustainable economically an offers also it but blends, cheaper the of quality the so good. The obvious reason is that it ups – them of all – brandies our makes that contain 30% potstill brandy. It is this must requirement kind, blended cheapest the even brandy, and Every brandy. potstill brandy vintage of brandy: brandy, blended types three officially are brandy rigorous There world. the in most legislation labelling the of some have we Africa South in seriously, OK, brandy ! from the oak, but it also interacts with with interacts also it but oak, the from the aromatics and with colour its interacts drawing wood, spirit of The placation angels. the and alchemy magic, involves understoodscience, thatprocess but little- amuch-studied is Maturation casks to bematured. into oak put is distillation second that of heart The the and again, distilled discarded.is heart also is which tail, the comes the heart, Then which is kept, and then volatile. tad a be can it because discarded that’s and head, the called is come to first bit The distil. off and down cool to pipes of series a through vapour resulting the send and in wine the feed pot, They the – under fire a yes, – fire makea interesting. really gets it where is this And copper. be to has It potstill. copper a in wine twice distilled then is base which a make to used are These grown specifically for brandy production. is varietals high-quality Colombar and/or brandy blanc Chenin from potstill made traditionally African South 7 THE VINES the air outside the barrel as some of the brandy evaporates into the air – for the angels. Distillers have experimented with ways of minimising this loss, and many of these methods have worked, but the resulting beverage has been decidedly substandard. If you deny the angels their share, Marlene explains, the brandy will be pretty darn ordinary if not downright horrid. So, even if you put the exact same spirit into barrels that are virtually identical, each one will mature differently, depending on where it is in the cellar.

After three years, the brandies are tasted and assessed. Some barrels that are identified as having the potential to be very special are left to mature further, while the rest will be used in a number of ways. The better ones will be carefully blended to create a potstill brandy with the unique properties associated with the label, so that connoisseurs can instantly identify it. Jen Stern Jen – thebitthat theangels have left us. potstill blended brandy beautifully a beat to nothing is there enjoyment, real For its place,butitcan’t really stand alone. coffee round the campfire. It certainly has soak yourtoforcake, Christmas add in or fruit ale, ginger or juice orange Coke, with mix you stuff the is This spirit. wine unmatured 70% to up brandy and potstill 30% contain must brandyLastly, blended but obviously notthesameasapotstill. The resulting brandy is pretty years. respectable, eight for matured been has that spirit wine 70% and years, eight least at potstill brandy matured been that has for Vintage brandy must contain at least 30% into vintage brandy ways:or into blended brandy. two of one go then can that spirit wine refined less a somewhat out getting and wine – a continuous base the in feeding of process that is just distillation continuous batches, controlled carefully Unlike potstill distillation, distillation. which is done in discreet, continuous brandy: course,Of there wayanother is distillingof 9 THE VINES the HOUGHTONHOUGHTON Cities change. Think about the Joburg CBD 40 years ago. Think about it 10 years ago.

Forty years ago, cows grazed where Sandton City stands. Although the landscape has changed some things have remained constant. Houghton has never gone out of style. When the CBD was the centre of Joburg’s financial universe, it was close enough to be convenient but far enough to be quiet and relaxed. And when the business hub moved to Sandton, it seemed to just swing around Houghton – offering Houghtonites a similar commute, just in the opposite direction. HOUGHTON Dunhill Championship. the venue for the prestigious Alfred as chosen being as well as events, has hosted course no fewer than eight SA The Open venues. golfing is premierAfrica’s South of and one now Nicklaus, Jack iconic the by modernised significantly been has layout course the but 1926, to back dates Club Golf Houghton The anyhow. city green pretty a is what in lung green a It’s Wilds. the The with of areas natural neighbouring blends turn course, in golf which the transition into smoothly Hotel Houghton and the Residences Houghton The Of course, WiFiisagiven. it’sweddinga mitzvah bar or venue. furnishings, the of cleverflick a with boardroom right to the front door,the or bring can Superb facilities gym. conference to home to play to that seamlessly segues from work a lifestyle modern the around of recognition built is Houghton The secure aerialestate. in up wrapped all it’s And one. into meld luxury and casual the where – work hard, smart, play hard and relax with intent work people where place a – life from more demand to right the earned have who people of community a it’s suburb: a not is Houghton, The Houghton Residences old Unlikethe Residences.Houghton even of The got construction the with better Houghton’s now And

11 AERIAL ESTATE REVIEW theLIFESTYLE

State-of-the-art gyms, personal trainers Houghton Hotel – a place of unparalleled and 7.9 km of illuminated jogging luxury and service where dedicated staff paths offer residents an excuse-free attend to your every need. It’s a five-star environment to keep up their cardio. And personalised home – or perhaps a home the pool and deli are the perfect, relaxed, away from home. venue to enjoy Joburg’s superb climate while chilling with friends, or perhaps This unique precinct has been custom-built taking some “me time” and finishing that to deliver a living experience to discerning best-selling novel – reading it, or writing investors and business travellers alike, and it. Your choice. a home to those who wish to extract only the best from the lifestyle alternatives that Adjacent to, and intimately connected Johannesburg can offer. with, The Houghton Residences is the LIFESTYLE for theprized penthouse. million 69 R the to up million 9 R from range Prices courtyard. and their patio covered space, garden own with apartments garden or apartments apartments, four-bedroomed between three-bedroomed choose can Investors and ajuicebar. lounge and bar wine restaurant,a coffee bar,fabulous wonderful a a almost goes without saying there’s It relax. and breathe to minutes a few to take while just or commuting, work you to opportunity giving the comfort vehicles, luxury the of in town safely around you transfer will drivers of thought everything.teamA haveprofessionalof really They Louise Martin0733354084 Jaimé-Lee Gardner 0721711979 Estate Living For salesenquiriescontact: the world. and continent the of rest the into forays Gautrain, for positioned well it’s Lanseria, the Tamboand OR to access easy with course, of And, Africa. of powerhouse economic the be to continue surely will and remains been, has that city incredible this of CBD reviving rapidly the and Suburbs Northern the both to access of ease offers position superb Houghton’s The 13 ESTATE REVIEW Even though it’s so close to Sandton, and just down the N1 from Pretoria, Kyalami is a world away from the hustle and bustle of Gauteng. Green paddocks enclosed by neat white fences are home to peacefully grazing ponies, shiny show jumpers, lovely Lipizzaners, wonderful warmbloods, and even a rescue donkey or two. For Kyalami is horse country. And Saddlebrook Estate is its Secretariat.

SADDLEBROOK estate Founded in 1998, the estate is moving into their own two feet. The club house, too, its second life cycle. With all the stands sold, is being revamped so homeowners can and 114 homes developed, the focus of enjoy socialising in a vibrant contemporary the new board of trustees is on improving space. infrastructure. The modernisation of the unobtrusive access control system will Part of Gekco (the Greater Kyalami enhance Saddlebrook’s security to make Conservancy), the estate is committed to it one of the safest residential estates in preserving the open space, rural nature the country. Upgrading the bridle paths, and unique flora and fauna of the area. communal areas and jogging tracks will With the large size of residential stands, offer residents more space to play and and a number of undeveloped ridges and explore, whether it’s on horseback or on wetlands traversing Kyalami, there are 15 ESTATE REVIEW estate sufficient corridors to allow free movement to the surprisingly many indigenous animals that have managed to survive in this peri-urban environment.

The Highveld grassland is such an underrated biome. With a floral biodiversity second only to fynbos, it is home to many interesting, beautiful and useful plants. And, while it’s not possible to recreate the historical conditions under which large herds of antelope moved across the grasslands, it is possible to preserve enough land to ensure the continued existence of a range of plants, birds, insects and mammals. So estates like Saddlebrook, with large properties and corridors of undeveloped land, can contribute to maintaining the integrity of our sadly neglected Highveld grassland.

The integration of the natural surroundings, contemporary architectural style and equestrian facilities gives you a definite country feel. The architectural guidelines, overseen by JohnMcKenzie Architecture, give homeowners stylistic freedom without jeopardising the overall look of the estate or the Saddlebrook brand. The ethos of Saddlebrook Estate, says trustee Edwin Roberts, is “courteous, respectful and harmonious living”.

Although you don’t need to own a horse, or even ride, to live in Saddlebrook Estate, you will have to like horses, because you will probably be living next door to one. Starting at one hectare, the residential stands are big enough to include a few four-hoofed family members, so most residents keep their horses “in their backyards”. The estate has extensive bridle paths, and it’s conveniently close to Inanda Country Base, so you don’t even need to box your horse to events. The board of trustees are the driving force behind the evolution of the estate and the continual development of the equestrian facilities.

What makes this idyllic enclave so special is that it is just a short commute to Sandon’s business and shopping hub. The Midrand Gautrain station makes getting to OR Tambo a breeze, and Lanseria is less than half an hour’s drive. And, with some great schools close by, Saddlebrook Estate is a world apart – but so close to everything.

For sales enquiries contact: Estate Living Jaimé-Lee Gardner 072 171 1979 Louise Martin 073 335 4084

www.saddlebrookestate.com With further plans to renovate the main gates, so that they are not only impressive but functional as well, homeowners, residents and visitors can rest easy in the knowledge that they and their assets are protected. Local expertise, national presence and international audience

R 12 700 000 FINE & COUNTRY FEATURE SADDLEBROOK ESTATE, MIDRAND, GAUTENG

Striking country elegance This fi ne country residence epitomises elegant architecture creating an exceptional synergy between ultimate country living and sophisticated luxury. Endowed with landscaped gardens and 2 natural ponds, this is your opportunity to invest in a property of exceptional distinction. Enter via the porte-cochère from which you are welcomed into the entrance hall, past an open courtyard, with water feature, which sets the tone and is a pleasing focal point. Set out over 2 principal fl oors and basement, the home allows for separate living spaces for informal and formal entertaining. Formal dining room, living room and family room enjoy the extraordinary panoramic views. 3 Separate covered patios all designed for fabulous entertaining complete with a sparkling rim fl ow pool and landscaped gardens. Upstairs offers 4 bedrooms, 2 en-suite, an additional bathroom and elegant study. The master suite enjoys a covered balcony where you can relax taking in the view and glorious African sunsets. A basement cellar with cigar lounge is exactly what one would expect in this gracious residence. Elizabeth McKenzie +27 (0)71 612 2399 elizabeth@fi neandcountry.com WEB: 149065 R 9 300 000 FINE & COUNTRY FEATURE SADDLEBROOK ESTATE, MIDRAND, GAUTENG

An African retreat This glorious country residence exudes a relaxed and serene appeal shielded by an indigenous landscaped garden with a strategically positioned circular pool. The views of the natural beauty from almost every room will leave you breathless. The main residence is laid out over 2 fl oors. An entrance hall leads through to the formal dining room and a direct sight of the extraordinary views. The open-plan kitchen and separate scullery allow for informal family gatherings. The dual patio is perfect with an intimate dining area overlooking the split-level water feature to the left and an additional covered patio to the right. The lounge and guest en-suite complete this fl oor. The 1st fl oor accommodates a warm winter lounge and additional 3 en-suite bedrooms. The master suite is complete with a dressing room, en-suite bathroom and fabulous balcony where the 180° views will truly delight. Nestled amongst the trees is a charming pool pavilion with en-suite bathroom and adjoining storeroom. Ideal for intimate functions or home offi ce. Triple garages and double staff accommodation complete nature’s gem within this estate. Elizabeth McKenzie +27 (0)71 612 2399 elizabeth@fi neandcountry.com WEB: 149856

Midrand Offi ce Park Lane Offi ce Regionally 20 offi ces throughout Gauteng 40 Summerset Estate, Garden Road 119/121 Park Lane, London, W1 Nationally 50 offi ces across South Africa Summerset, Midrand, 1685 +44 (0)207 079 1515 www.fi neandcountry.com +27 (0)11 468 1335 admin@fi neandcountry.com Internationally Over 300 offi ces globally midrand@fi neandcountry.com ESTATE REPORT SADDLEBROOK ESTATE PERIOD OF OWNERSHIP 46 % 15 % 7 % 33 % Existing Owners

11 > 8-10 5-7 < 5 years

67 % 22% 0 % 11% Recent Sellers AGE OF RESIDENTS 5 % 36 % 56 % 3 % Stable Owners

65 >

50-64 SUBURB: SADDLEBROOK ESTATE 36-49 MUNICIPALITY: CITY OF JOHANNESBURG TOWN: MIDRAND 18-35 PROVINCE: GAUTENG 0% 0 % 100% 0% Recent Buyers

Last 12 Months Last 12 Months DEVELOPED Jun 2015 - May 2016 Jun 2015 - May 2016 FIRST TIME REGISTRATIONS REPEAT SALES COUNT TOTAL VALUE AVERAGE COUNT TOTAL VALUE AVERAGE (R000’S) (R000’S) (R000’S) (R000’S) (R000’S) (R000’S) R 0 - R 400 000 ------R 400 000 - R 800 000 ------R 800 000 - R 1.5mil ------

R 1.5mil - R 3mil ESTATE ------Greater than R 3mil - - - 9 121 250 13 472 SECTIONAL THEMES Total - - - 9 121 250 13 472 FREEHOLD

8 400 8 300 6 450 6 432 6 100 6 375 5 800 5 200 4 850

3 125 2 900 2640

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 MEDIAN PRICE (R’000)

10 10 6 9 6 6 6 8 3 3 3 1 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 NUMBER OF REGISTRATIONS

www.lightstone.co.za STANDS FROM ONLY R1,500,000 Wake up to WILDLIFE LIVE ON YOUR OWN GAME FARM Build your dream home on your own Full-title stand of not less than 50,000m2. Pretoria

Johannesburg Facilities Incl. 2 pool’s, jacuzzi, gym, tennis Karma Game court, driving range and game drives. Ranch Vereeniging Heidelberg The fully fitted clubhouse comes with conference facilities, restaurant, bar, boma,

Gauteng en-suite bedrooms and chalets. 22 different game species of which giraffe, kudu, eland and gemsbok are roaming freely. ONLY 21 STANDS ON THE GAME FARM.

GREAT INVESTMENT OPPORTUNITY ONLY 25MIN FROM 10 MALL OF THE SOUTH ONLY Meyerton 26° 38 ’29.0”S / 28° 07’42.8”E STANDS Rawson Properties Glenvista LEFT

Johan e [email protected] t 011 432 0396 c 083 268 7122 Koos e [email protected] t 011 432 0396 c 076 829 1540 YOUR NEIGHBOURHOOD EXPERTS thesenthesen islands

While the forests, the beaches and the fascinating little towns all contribute to making the Garden Route a pretty special place, it’s the lagoons and coastal lakes that really set it apart. For a long time estuaries and wetlands were considered “waste” land: wetlands were “swamps”, and the best way to deal with them was to drain them, fill them in and build over them – and estuaries were mostly seen as convenient harbours if they were considered at all.

But that’s all changed. Society has come to realise that wetlands are essential elements in maintaining water catchments and preventing soil erosion, and that estuaries are invaluable breeding grounds for ecologically (and commercially) important fish species.

So it was hardly surprising that, when the Thesen Islands development was first planned, the preservation – even improvement – of the estuarine ecosystem was given priority. Long before building began, a team of divers carefully caught seahorses and gently relocated them to other parts of the lagoon, and immense resources were dedicated to ensuring that the size, shape and relative placement of the channels allowed a constant flow, so there would be no nasty little stagnant backwaters, nor a flow too fast for aquatic life to survive. In fact, it’s a matter of pride to Thesen Islands residents & developers alike that there has been an increase in both the biomass and thesen o es. h Department easy.not The was point this to getting But canals. the through swim species fish of range a a and algae, on marine of carpet generous grazing gabions quietly the roam hares sea current, gentle the in of nsa ehre sway seahorses Knysna islands Affairs and Tourism and Affairs Environmental h pai & iconic & placid The moe more imposed development.

within the biodiversity than a hundred

safely, and the health of in indulged be can sports thatmanner of water all ensures quality water The live. to place great a Islands such Thesen makes it what’s really exciting is that good, very all is this While and wetlands. estuaries lakes, coastal other and the Lagoon Knysna about, knowledge and of, preservation the to contribute to continue planning, construction & dredging during set systems up the And integrity. aesthetic cultural,and historical ensureenvironmental, had the to who on developers, conditions h eoytm ae for makes ecosystem the rewardingsnorkelling, convertedinto hospitalitya being space industrial an of Africa examplesSouth in best the of one possibly is Spa and Hotel Turbine hotels.The to shops and anything from restaurants stylish and for premises industrial-chic into have preserved converted which been of many elements, industrial core hard- other and sawmill degraded witha island rather a once was what on built is development The community. Knysna the larger of part also is itself, a being untoworld enclosed neatly while Thesen Islands, course, of And, general enjoyment ofthescenery. & birdwatching 21 ESTATE REVIEW property. The hotel and the many fashionable food and retail outlets in the Thesen Harbour Town are open to the general public, but the residential section is accessed via continuously monitored bridges. The vehicle bridge is staffed 24/7 by dedicated security thesen personnel, and access to the pedestrian bridges is by electronic tag.

It’s the combination of location and security that makes Thesen Islands a very desirable place to live, a sentiment that is underlined by the increase in capital gains that homeowners have experienced year on year. New homes that come onto the market are snapped up very quickly, with about 40% of the homes used as primary residences and the rest as secondary homes or investment properties. Anyone who has been fortunate enough to spend a few days on Thesen Islands finds it very difficult to leave.

The enviable Thesen Islands lifestyle is complemented by the many positive features and facilities of the town itself, the lagoon and, just beyond the Knysna Heads, the ocean. Residents can enjoy a game of golf, world-class mountain bike and hiking trails, and a range of fabulous food outlets nearby. The lagoon is great for paddling, snorkelling, swimming, sailing, boardsailing and even – for experienced divers only, and only at slack tide! – scuba diving at the Heads. And, if you’re brave enough and skilled enough to take a boat out through the Heads, you can watch whales and dolphins, and get to a whole lot more diving sites.

One thing you can be sure of – you will never be bored in Knysna, and living at Thesen Islands gives you the best of the best. www.thesenislands.co.za

thesen

lands is 23 ESTATE REVIEW ESTATE REPORT THESEN ISLANDS PERIOD OF OWNERSHIP 39 % 22 % 13 % 26 % Existing Owners

11 > 8-10 5-7 < 5 years

27 % 25% 25 % 23% Recent Sellers AGE OF RESIDENTS 32 % 51 % 16 % 1 % Stable Owners

65 >

50-64 SUBURB: THESEN ISLAND 36-49 MUNICIPALITY: KYNSNA TOWN: KNYSNA 18-35 PROVINCE: WESTERN CAPE 8 17% 38 % 38% 8% Recent Buyers

R 1.5mil - R 3mil ESTATE - - - 8 20 281 2 535 Greater than R 3mil 1 3 750 3 750 38 213 829 5 627 SECTIONAL THEMES Total 1 3 750 3 750 46 234 110 5 089 FREEHOLD

4 915 4 910 5 300 4 645 4 825 4 800 4 100 4 250 3 700 3 802 3 525 3 150 2 800 2 600 2 964 2 950 2 525 2 500 2 047

1 300 1 200

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 MEDIAN PRICE (R’000) 102 81 66

40 43 36 42 27 32 34 22 22 4 5 9 3 2 3 1 2 1 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 NUMBER OF REGISTRATIONS

www.lightstone.co.za Existing Owners

11 > 8-10 Living, working and playing on the island have turned 5-7 power duo Archan and Vanita Benjamin into the < 5 years ultimate guides to Thesen living.

Recent Sellers GET THAT THESEN ISLAND FEELING R9 500 000 Thesen Islands Living, based in Thesen Harbour 4 beds, 4 baths, 2 garages Town is a niche agency specialising in Thesen Island property. This couple focus their expertise Stable Owners on this unique estate.

65 > Their light, open office is a reflection of their warm 50-64 personalities.

Form a wonderful relationship with this pair as they take you on a journey to find the property that Recent Buyers perfectly suits you.

CHARMER ON THE PARKLANDS R5 900 000 3 beds, 3 baths, 2 garages

PARK VIEWS R6 200 000 3 beds, 3 baths, 2 garages totallyTHESEN

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GREAT WATER OUTLOOK R5 250 000 Vanita - 083 394 0095 - [email protected] 3 beds, 3 baths, 1 garage Archan – 082 500 3303 - [email protected] www.thesenislandsliving.co.za WATER real estate &making the connection

For decades residential real estate developers and managers have worked within a given set of relationships between themselves, the municipality as service provider, the state as regulator and the investors whose primary interests they serve. That set of relationships has been based on a robust set of assumptions, so the decision-making process has become routine and institutionalised.

BUT WHAT HAPPENS IF THE CORE ASSUMPTIONS CHANGE? Let us examine some of those core assumptions so that we understand the implications of any change that might happen. Arguably the absolute foundation of any real estate development is the assumption that the municipality will provide five basic services – roads, electricity, water, sanitation and refuse removal. This means a routine decision-making process each time a new development is launched, much like a checklist.

This changed when Eskom crashed and suddenly the assumption of assurance of supply (AoS) – the guarantee of a given quantum of energy delivered to a given entity at a given time and at a given price – was found to be flawed. After initial anger and then turmoil, adaptive responses came in the form of standby generator sets. So it is the AoS assumption that is critical to the raft of municipally delivered services that enable development to occur in the first place.

Now let us apply the AoS assumption to water. Here there are two major elements to be disaggregated – potable water and waste water. AoS for potable water is the guarantee of a given volume at a given pressure and a given quality at a known price at a specific time and place. We know that certain elements of this are no longer happening. complex dominoeffect. a new set of risks in an increasingly the attempt to short, manage one risk creates In chlorine. of decay the of by-product carcinogenic a trihalomethane, of levels elevated a new the formhealth risk in of creates also it bacteria, the kills by overchlorinating. While this While overchlorinating. by pressure to source alternative water under also A is but sewage, own processes its sewage.estate the golf residential is of example management another Yet plant the running forbiological parameters, those so cannot meet the legal specification potable water. into This effluent bulk water plant sewage designed convert to never was that plant water bulk a of overloading the is this for reason The municipality. a from in water levels chlorination excessive the is example Another dysfunctional municipality. the is bottleneck the because this, change can will HOAdo the pressure Nothing cut. water gets the so Water, Rand to on passed get not this does but bill, water monthly the pays dysfunctional, be to known an estate located of in Madibeng, a municipality (HOA) association homeowners’ the example, For compensate

between the developer, the the changed. developer, have investor the and municipality the between relationship entire the underpin to used that aspects AoS the short, In and consternation. anger trigger typically “speciallevy” words the a residential where estate for benefits major has This expenditure. capital than rather expenditure operational as financed be can solution this so that financing, include technology irrigation as disruptive in safely Advancements water. used be to the water from thesewage stream of all recovers that installed be to plant sophisticated very a enables now technology Next-generation for irrigating its fairways and greens. netit peal ad anger mounts. and prevails uncertainty has routine, which in unpredictability, become and procedural were processes The decision-making when past, game. the the of predictability of rules no are new by there because so unable do to are supplied but municipalities, services core traditionally the replicate to expected increasingly are inwhich HOAs a vacuum left has This 27 SUSTAINABLE LIVING Then, on top of it all, comes a thing called the King IV Report on Corporate Governance, which raises the issue of the fiduciary responsibilities of directors, trustees and managing agents. Central to these are ethics, responsibility and risk. What this means is that anyone holding fiduciary responsibility, even as an unpaid trustee or director, has to make sense of this growing complexity under the persistent shadow of the threat of liability in terms of King IV for failing to act responsibly when acting on behalf of others.

Heavy stuff indeed! So where is the good news? This comes in the form of a structured intervention in which a team of professionals helps the HOA and board to transition from an initial high-risk, low-information posture to a future low- risk, high-information posture. This is done in a three-stage process designed to develop a 20-year plan, underpinned by a robust set of verifiable facts and driven by a coherent strategy, that enables long-term budgeting and forecasting to be done. This process is currently being rolled out in conjunction with ARC to all chapters across the country. It is also being made available to other specialised interest groups that have to manage real estate in one form or another, increasingly embedded in a new regulatory and institutional landscape that is changing so fast that it has not yet been formalised in policy and law.

The good news about this process is that while it de-risks the HOA and those holding fiduciary responsibilities defined by King IV, it also protects the investment value of the real estate. Conducted systematically it also claws back control over water quality, which is increasingly at risk from dysfunctional municipalities.

Prof. Anthony Turton www.anthonyturton.com

9023 NCS EstateLiving A4 7/8/16 1:43 PM Page 6

C M Y CM MY CY CMY K

Composite COURT NEW Steenberg development. again at theNewCourtat to soar Empty nestershavetheopportunity hand, sunbathing, oronthegolfhand, sunbathing, course. in gin with “retiring” days spend now can the they about that fact the than other – community retired nothing there’s you: fool “retirement” word the let don’t But granted. were units retirement-oriented for20 rights the process, application year Holiday Allandale Cottages old site was acquired and, after for the a four- The site. search perfect a year-long taking after started shape Steenberg at Court New on luxury orsecurity. large homes without having to compromise their from downscale to want but health, good in young generally are and too retirement, for far are who those – nesters Mike wanted development.an environment suitable for empty the Managing to conceptualise Steenberg, at Court Deacon, New what of Director Mike were sentiments prompted exact These worked sohard for over theyears. nature and the very best things that you’ve space in a beautiful surrounded setting, by managed easily an in friends, close with empty rooms. You want to spend your time the massive garden any more, and all those can’t be bothered You with the maintenance families. of own their starting are and relationships, and careers with on moved and home left eventuallyhave kids the So at Steenberg h la dvlpr ad aaes of m managers 000 350 a Maine, and Menlyn developers lead the to sold Growthpoint Properties. subsequently They are currently they which bank residentialABSA with portfolio billion 2 R and a created commercial development arena since 1970, the successfully in operating been has which Estates, Equity and or away from theaction. centres shopping hospitals for one never to feel out of touch amenities, to enough close is development the courses, beauty,tranquilgolf Amidst vineyardsand Suburbs. Southern the in locatedcentrally Golf Estate as its neighbour, Steenberg the development is with Mountain and Park, Table National the bordering Valley,the Constantia in positioned Beautifully development adjacent to Menlyn Shopping 2 mixed-used 31 ESTATE REVIEW Centre in Pretoria that is set to become Community living is an important aspect Africa’s first green city. Their award-winning of the development. There are generous track record includes the gorgeous New walking paths and a lifestyle area to enjoy Court at Alphen project and The Old Match bridge (or whatever games you fancy), Factory in Observatory, which houses an light lunches and good conversation. 11 500 m2 call centre and retail block in Security includes a single entrance and exit Phase One. Further plans include Hoek that is staffed 24/7, perimeter electric fencing, van de Berg, a model housing village in an CCTV cameras and off-site monitoring. A extensive nature reserve on the Hermanus back-up generator will be installed to cope coastline. For the New Court at Steenberg with unexpected power outages. development, they will be partnering with MLH Architects & Planners. Homeowners will decide on the management style of the community at In order to retain the park-like setting, the first body corporate meeting, and the only 18 units will be developed at New development will have a full-time estate Court at Steenberg. The developers are manager. Careful budget planning and practical about living space requirements, management will ensure levy stabilisation. with an emphasis on the rooms that are most utilised and lived in. “The need is for Targeting a development at empty nesters big living spaces, where the spaces you use is a fairly new concept, so these unique every day are generous and in the right offerings are aimed at a specific gap in the place,” says Deacon. “Design is based on market that hasn’t been catered for before. need: room to house the good furniture, antiques, books and plenty of space for Developments such as this one allow things you want to store.” Features include empty nesters the opportunity to revive a separate study, a state-of-the-art kitchen, pastimes and hobbies they once put on a laundry and a storeroom. And guest hold. This promotes the rekindling of a bedrooms to house friends, the children sense of self and rediscovery, in a glorious and/or grandchildren when they come to setting and surrounded by neighbours who stay. Rolling lawns, dream landscaping, will soon become friends. a pool and shared facilities that are maintained by someone else are key For sales enquiries contact: factors – as is security. The spacious living Mike Deacon | 083 250 8542 areas open to expansive views of Table [email protected] Mountain, and the gardens are big enough to keep two small pets, but small enough to www.newcourtatsteenberg.co.za let you greet your neighbour with a smile.

toHAVE AND to hold Buying property is a big You pay a certain amount up decision at the best of times, front for the exclusive use of but when you’re buying into a dwelling for the rest of your a retirement scheme, there life and the life of your spouse, are other issues to take into with the advantages including account. The biggest of these the fact that neither yourself is probably whether to buy nor your spouse will have to freehold, sectional title or life maintain, pay rates for, insure, right. Most people have a pretty or sell the dwelling. When good idea of what freehold and discussing life right at a recent sectional title are about, but life conference, Arthur Case was

34 right is still a bit of a mystery. told by an audience member We contacted three industry that life right was “a poor leaders within the retirement investment”, and he responded, sector, with specialisation in “A life right is a lifestyle rather life right schemes, to help shed some light on the matter; RETIREMENT LIVING Arthur Case, CEO, Evergreen Lifestyle, Rob Shire, Managing Director, Shire Retirement Properties and John Webster, CEO, Hibiscus Retirement Villages.

Although each life rights offering has its own nuances, they generally work as follows. Photo by Vic Bonsor

RETIREMENT DEVELOPMENTS

Since Nellie van Staden Properties was established in 1979, the company has focused on retirement developments and set the pace in this niche market.

Whether looking to buy property in a retirement village or setting out to develop an entirely new estate, investors, developers and evaluators from throughout Southern Africa regularly seek advice from Nellie van Staden Properties, the acknowledged experts in the field. PRETORIA EAST FEATHERWOOD RETIREMENT ESTATE Today persons of any age can buy into a retirement village as an investment, as long as the actual occupant falls within the age group required by the Older Persons Act.

Nellie van Staden Properties has sold more than 6 000 retirement units in more than 57 developments on an exclusive sole mandate, throughout South Africa and further afield, as far as Namibia.

The company has experience in various types of product, including life right, sectional title, full title, real right and rental. HEIDELBERG GAUTENG Nellie van Staden Properties is passionate about uplifting the standard RIVERSANDS LIFESTYLE & RETIREMENT ESTATE of living of the elderly and creating an environment in which those entering this new season of their lives can find enjoyment and fulfilment, in safety, and create memories worth treasuring. The company acknowledges and respects the value of the older persons in the community and strives to advise each individual according to his or her needs.

It is the mission of Nellie van Staden Properties, as the leader in the retirement industry, to understand the needs of the older person within the dynamics of an ever-changing economy, and to provide resources that address those needs. GEORGE WESTERN CAPE THE GABLES RETIREMENT VILLAGE Nellie van Staden Properties builds ongoing relationships with clients, developers and professional teams establishing retirement villages countrywide, and provides quality services that constantly exceed clients’ expectation. They believe in treating their customers with respect and dignity, incorporating honesty, integrity and sound business ethics into all aspects of their business.

Nellie van Staden Properties is certainly maintaining its respected position in the retirement sector, and continues to set new lifestyle standards for the elderly. GEORGE WESTERN CAPE BLUE MOUNTAIN RETIREMENT ESTATE

KWA-ZULU NATAL KWA-ZULU NATAL NEAR TO BALITO GEORGE WESTERN CAPE HILLCREST COUNTRY RETIREMENT ESTATE PALM LAKES RETIREMENT VILLAGE THE GABLES - BLUE MOUNTAIN RETIREMENT ESTATE

IF YOU ARE LOOKING FOR THE PERFECT RETIREMENT HOME OR ARE IN THE MARKET TO SELL OR DEVELOP A RETIREMENT VILLAGE – BE SURE TO CONTACT THE SPECIALISTS IN THE RETIREMENT VILLAGE MARKET SINCE 1979 ALL HOURS 0861 55 2277 or 082 552 2775 CONTACT: 0861 55 2277 or 082 552 2775 than a financial investment. It brings many benefits that more than compensate for the loss of capital gain, the kinds of benefits that retired seniors value.”

When you buy into a retirement community – whether it is a traditional purchase or a life right scheme - you are basically buying security. Rob Jones elaborates this as security of tenure, physical security, health security and financial security. And each of these is equally important. Let’s look at these aspects in more detail, as they apply to life right schemes in particular.

SECURITY OF TENURE Life right is for ever! So the most important thing to consider when buying a life right in a development is whether this really is where you want to live for the rest of your life, because it’s likely this will be your last property purchase. Yes, it’s important to think logically and clearly about all the financial and other implications, but you must also think with your heart. Buying a life right is a bit like getting married – it’s a serious commitment, and you want to know exactly who you are partnering up with.

And, like a marriage, it’s a two-way commitment. The developer is every bit as dependent on the health of the relationship as the residents. Security of tenure is a basic construct of the life right system, and is well covered by the Housing Development Schemes for Retired Persons Act (Act 65 of 1988) (RPA). Life rights create a kind of partnership between developer and resident and both parties are incentivised to preserve that relationship. “Refunds vary from scheme to scheme” comments John Webster, “With some retirement villages recovering an exit fee which is dependent on how long the person has been in the living unit. This can be as much as the initial purchase price if the person has been in the living unit for a long period, which is up to 15/20 years. Other retirement villages refund 100% of the life right.”

Some life right schemes offer the additional benefit of allowing transfers between schemes owned by the same developer. Depending on whether the transfer is to a less or more expensive unit, there may be benefits for the resident: for example downsizing from a large unit to a smaller unit may result in cash being released to the resident or funds being made available for care services. This option could make to care services up to and including it possible for you to move closer to permanent residence in a care your friends or children, and because centre because, much as we don’t life rights do not involve transfer fees like to think about it, old age does or registration, the actual transfer is come with some real physical and not a major challenge. cognitive challenges. Before buying a life right, check carefully what your PHYSICAL SECURITY financial obligations will be in terms This is one of the big advantages. of care and, even more importantly, In terms of the law there must be what constraints there are on staying a residents association within the in your own home. There is a sad life right scheme, so once you have story of a woman who had a couple bought a life right, you become a of really bad falls in her cottage in member of the association and you a retirement development, and the have input regarding a number of management would not allow her to matters including the maintenance employ a full-time carer, so she was and security of the estate. The forced to move to the care centre, owner of the life right buildings and where she has been languishing common areas must ensure that for nearly two years. Moving out everything works – including the of your familiar surroundings to a fencing, alarm systems, patrols and care centre is very disruptive so, security personnel. If the roof blows while it’s important that care centre off, it’s their problem, not yours. Not accommodation is available, it’s only is it in their financial interests to more important that there are other ensure the happiness of residents, mechanisms that will allow you to but as a member, you will have the remain more independent if your right to interact with the owner of health deteriorates. One will need the scheme to ensure that services to consider the cost implications and infrastructure are up to scratch. with both choices comments John Webster “A number of Retirement HEALTH SECURITY Villages encourage residents to stay This is another big plus. Most in their cottages as long as possible retirement estates incorporate access as up to a point it can be the least ...FOR ALL YOUR ASSISTIVE DEVICE AND MOBILITY NEEDS

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BRANCHES: AGENTS: RESELLERS: Johannesburg- HO +27 11 624 1222 Botswana Bloemfontein Pretoria +27 82 874 9008 Namibia Nelspruit Cape Town +27 82 896 6018 East London Durban +27 82 892 0915 PE expensive option. Once a resident needs initial purchase price and, to compensate, 24 hour care, home based care can prove decrease the percentage of the reselling to be quite costly and the family will need price that will be paid into your estate. to consider the retirement care center’ Although, John comments, “This practice is falling away, as the cost of the unit in a FINANCIAL SECURITY new development has to be paid for. In the One of the advantages of a life right is that resale market the first buyer or his estate it is far more economically viable than must be paid out from the proceeds of the renting, and often even within the same second buyer and the living unit will have development the price of a unit is less to be refurbished out of the same money than it would be in a freehold or sectional received form the second buyer.” title purchase. According to Arthur Case, however, ”there are indications that this It is important to understand that you is changing as purchasers begin to see will still be liable for levies, so do your the benefits and the security of a life right homework carefully, or you may get a bit purchase. In certain instances life rights of a fright after a few years. The RPA states are selling at a premium in relation to that the developer must estimate what neighbouring residential property values the levies will be for the first two years, and developers have waiting lists for units but after that, it’s hightly dependent on in premium estates.” inflation and interactions between residents and the owner of the development. The Another really great aspect of life right is developer is under no statutory obligation that if you can’t quite afford the purchase to stipulate levy increases up front, but you price, some developers will decrease the should insist that they are outlined in your idea nor is a levy stabilization fund. All this All fund. stabilization levy a is nor agood idea not is levies in subsidization Cross fund. to stabilization care or frail a month to a contribute meals many so for pay to residents require They facility.care frail the pay for to help scheme subsidization cross haveretirement villages Some expense. levy a justifiable is Depreciation the levy. affect residents not does and sheet balance to back and written accounts office head the capital for in the paid is depreciation of the and out account paid is mower lawn a or maintenance for vehicle new a as such purchases capital villages retirement some In resident. the to accordingly metered charged and are they is that usage, on are levied television and internet and cases some in telephone Electricity, consumption. electricity communal and costs staff audit fees, charges, bank areas, community of housekeeping services, garden insurance, should these rates,include water sanitation,and village security, the the of covers cost levy running the speaking responsibility Generally levy. the through this recover developer’s will he and the rates are the usually the property for one deed only title is there and is scheme right scheme life a the If charges. municipal and rates cover not does In levy the estateslevy cover? some the important does what “An is question elbarates Webster John annual escalation. CPI-linked. unreasonable from purchasers is protects This that agreement right life its in clause escalation levy a has example, for Lifestyles, Evergreen agreement. purchase 41 INVESTMENT SAVVY 8 Day Voyage: DISCOVER Sunday to Sunday From R78 000 PARADISE per person sharing

ISLAND FLIGHTS, ONE HOPPING NIGHT PRE-CRUISE IN THE ACCOMMODATION AND TRANSFERS SEYCHELLES INCLUDED IN THE IN 2017 CRUISE-FARE

Discover Seychelles through Crystal Yacht Cruises where you will fi nd paradise exists both on and o shore. means is that somebody else is paying for There are, however, two sides to financial your costs. We believe that you pay for security. It’s all very well having restraints what you get. If it costs x to run the village on levy increases, but that’s not going to and there are 200 units in the retirement help you if it results in the development village then they must pay x/200.” having insufficient funds for maintenance of common areas and general management. One of the major advantages of some life So, before buying a life right, check on ITINERARY: Saturday: Flight from South Africa to Seychelles, meet and greet at right schemes is that on a case-by-case the reputation of the developer, and the the airport and transfer to Eden Blu Hotel, St Anne Island Sunday: Mahé/Victoria; St. Anne Island (overnight) basis, they will allow owners who need cash financial viability of the levy base. Asa Monday: St. Anne Island, Cousin Island, Praslin (overnight) for care services, early access to some of the rule, larger developments will have the Tuesday: Praslin (overnight) Wednesday: Praslin, La Passe, la Digue, Laraie Bay; Curieuse Island (overnight) 2017 DEPARTURE DATES: capital owed to them. This provides peace advantages of economies of scale if they Thursday: Laraie Bay; Curieuse Island, Seychelles (overnight) Friday: Laraie Bay; Curieuse Island, Aride; Big Sister Island, Seychelles 14, 21 & 28 January of mind to residents who are living on fixed are using, say, 200 or 800 levies to pay Saturday: Mahé/Victoria, Seychelles (overnight) 4, 11, 18 & 25 February incomes and whose health is failing. for security, maintenance, gardening, etc, Sunday: Mahé/Victoria, Seychelles – disembarkation, transfer to airport and fl ight to South Africa 4, 11 & 18 March whereas a small estate of 50 units may The RPA is a bit vague on special levies, struggle. But that’s a generalisation. Some THE CRYSTAL ENRICHMENT AND ENTERTAINMENT SUITE SERVICES AND AMENITIES • Destination immersion and lectures from experts • Personal butler service, gratuities included and some developers believe that they people prefer to be in smaller boutique ESPRIT • Cove Lounge – view movies, sports events and more • Unpacking and packing upon request ALL-INCLUSIVE • Nightly live music entertainment • Pressing and shoe shine will be able to deduct special levies when villages, and are willing and able to pay • A dedicated fi tness and activities director • Stocked bar with complimentary necessary, if that is stipulated in the the proportionally higher levies. Do careful EXPERIENCE • Choice of two complimentary Crystal Adventures – non-alcoholic and select alcoholic Cultural & Soft/Extreme Adventures, beverages upon request purchase agreement. This has not been calculations before committing. on most shore visits • In-stateroom satellite TV & movies ACTIVITIES • Special activities led by specialists, such as • Twice-daily housekeeping with nightly tested in court, and it will be interesting to Crystal Yacht Cruising is all about yoga, meditation, photography, even drone turndown service see what happens the first time someone Life right scheme differ from developer to the destination and immersing fl ying instruction • ETRO Bathrobes and Slippers, 100% oneself in a way that is enriching, Egyptian cotton linens, and a menu of tries. Also check what other obligatory developer, each offering slightly different enlightening and actively FINE DINING pillow options engaging. Activities include • Complimentary select fi ne wines, champagne • Self-service guest washer/dryer available charges there may be. You really don’t advantages and it is difficult to summarize hiking through a tropical nature and premium spirits throughout the yacht • In-suite iPads for entertainment, daily want to be required to pay for meals if you all these differences in an article. Perhaps reserve, snorkelling directly • Open-bar service throughout the yacht news, shipboard information from the yacht’s aft marina, • Gratuities for all shipboard staff • WiFi/Internet availability aren’t going to eat the food provided, or to the essence of the life right scheme is to experiencing the exhilaration • All non-alcoholic beverages and afternoon tea (60 minutes complimentary contribute hundreds of rands a month to a offer security, not just for yourself, but for of jet-skiing, with personal • Welcome champagne p. guest p. day, additional instructions and more… • 24-hour room service connectivity available) group membership of the golf course next when your partner needs it most and you door if you don’t play golf. are no longer able to provide it. Contact your cruise professional at Cruise Corner Sandton City (011-506-5600) or Cruise Corner Edenvale (011-453-2660) or send an email to [email protected] or visit our website at www.cruisecorner.co.za

ISLAND FLIGHTS, ONE HOPPING NIGHT PRE-CRUISE IN THE ACCOMMODATION AND TRANSFERS SEYCHELLES INCLUDED IN THE IN 2017 CRUISE-FARE

Discover Seychelles through Crystal Yacht Cruises where you will ﬁ nd paradise exists both on and o shore.

ITINERARY: Saturday: Flight from South Africa to Seychelles, meet and greet at the airport and transfer to Eden Blu Hotel, St Anne Island Sunday: Mahé/Victoria; St. Anne Island (overnight) Monday: St. Anne Island, Cousin Island, Praslin (overnight) Tuesday: Praslin (overnight) Wednesday: Praslin, La Passe, la Digue, Laraie Bay; Curieuse Island (overnight) 2017 DEPARTURE DATES: Thursday: Laraie Bay; Curieuse Island, Seychelles (overnight) Friday: Laraie Bay; Curieuse Island, Aride; Big Sister Island, Seychelles 14, 21 & 28 January Saturday: Mahé/Victoria, Seychelles (overnight) 4, 11, 18 & 25 February Sunday: Mahé/Victoria, Seychelles – disembarkation, transfer to airport and ﬂ ight to South Africa 4, 11 & 18 March

THE CRYSTAL ENRICHMENT AND ENTERTAINMENT SUITE SERVICES AND AMENITIES • Destination immersion and lectures from experts • Personal butler service, gratuities included ESPRIT • Cove Lounge – view movies, sports events and more • Unpacking and packing upon request ALL-INCLUSIVE • Nightly live music entertainment • Pressing and shoe shine • A dedicated fi tness and activities director • Stocked bar with complimentary EXPERIENCE • Choice of two complimentary Crystal Adventures – non-alcoholic and select alcoholic Cultural & Soft/Extreme Adventures, beverages upon request on most shore visits • In-stateroom satellite TV & movies ACTIVITIES • Special activities led by specialists, such as • Twice-daily housekeeping with nightly Crystal Yacht Cruising is all about yoga, meditation, photography, even drone turndown service the destination and immersing fl ying instruction • ETRO Bathrobes and Slippers, 100% oneself in a way that is enriching, Egyptian cotton linens, and a menu of enlightening and actively FINE DINING pillow options engaging. Activities include • Complimentary select fi ne wines, champagne • Self-service guest washer/dryer available hiking through a tropical nature and premium spirits throughout the yacht • In-suite iPads for entertainment, daily reserve, snorkelling directly • Open-bar service throughout the yacht news, shipboard information from the yacht’s aft marina, • Gratuities for all shipboard staff • WiFi/Internet availability experiencing the exhilaration • All non-alcoholic beverages and afternoon tea (60 minutes complimentary of jet-skiing, with personal • Welcome champagne p. guest p. day, additional instructions and more… • 24-hour room service connectivity available)

Contact your cruise professional at Cruise Corner Sandton City (011-506-5600) or Cruise Corner Edenvale (011-453-2660) or send an email to [email protected] or visit our website at www.cruisecorner.co.za

Terms and conditions: Space is limited, subject to availability and availability can only be determined at time of enquiry. Rates are per person, based on double occupancy and subject to exchange rate fl uctuations and air fare fl uctuations. Transfers available from airport to ship and ship to airport. Economy class fl ights (ex Jhb) and one night’s accommodation (Eden Blu hotel) is included. Port charges of $728 are excluded but airport charges are included. Offer valid until 31 October 2016. All offers may not be combinable with other promotions and may be withdrawn or changed at any time without notice. Revolutionise the way Open up a world of opportunities with Vodacom Fibre you work, live and play We have moved from the world of mobility Entertainment to fast connectivity with Vodacom Fibre Families today want to watch any content, on any In the last few decades, we have moved from an era screen, at any time, and Vodacom Fibre will enable where the ability to simply make a call on a mobile this multi-screen experience. It will also allow families Enjoy uninterrupted business, studies phone was seen as cutting edge, to an era where we to stay connected and not miss out on any important and entertainment from the comfort expect our mobile phones to serve as a digital platform moments. Now you can video call dad while he’s away of your own home. for anything and everything. on business, or let gran join in on birthday celebrations when she can’t make it in person. Call 082 1904 to sign up. The first mobile networks deployed in South Africa in the mid-1990s were GSM networks that focused Vodacom Fibre gives gamers an advantage on on voice traffic and very low data speeds. In the mid- high-speed and lower latency. Multi-player gaming vodacom.co.za/fibre 2000s, 3G networks were launched in South Africa becomes a breeze. which saw a vast increase in speed and applications. Subscribers were able to combine this speed with the The smart TV will become a hub for TV, gaming, social new capabilities of first-generation smartphones to use networking and streaming. Vodacom a range of new features including global positioning, Power to you video calls and location-based services. Now, we are in the era of 4G. Fixed networks moved Education from a landline phone to being a channel for the internet. The connected home is the new classroom. Remote learning will become a reality as students are linked Fixed line speeds have also consistently evolved from to lecture theatres via video, and school children the early copper–based ADSL networks, that enabled exchange ideas with kids in classrooms around the the first home broadband to go live, to the fibre optic world. A whole new generation of interactive, online networks which will revolutionise the way you work, education will be enabled through Fibre. live and play.

Get Fibre in your estate or home Why choose Vodacom Fibre for your Estate Visit www.vodacom.co.za/fibre or call 082 1904 to get Estate living can also be transformed into a Vodacom Fibre in your estate or home. safer environment, with more efficient means of communication through Vodacom Fibre. Estate security cameras can be connected to a central control room via Fibre, offering a real-time view over a reliable connection. In estates, calls can be made from the gate to residents at no charge. Estates with Fibre can offer residents and visitors Wi-Fi in clubhouses and common areas. This has also resulted in property value increasing by up to R50 000.

Standard terms and conditions apply. E&OE (Errors & Omissions Excluded). Full terms and conditions are available on vodacom.co.za 54685/VODA/E

54685-303609_Vodacom FTTH Advertorial_420x297.indd 1 6/22/16 1:23 PM Revolutionise the way Open up a world of opportunities with Vodacom Fibre you work, live and play We have moved from the world of mobility Entertainment to fast connectivity with Vodacom Fibre Families today want to watch any content, on any In the last few decades, we have moved from an era screen, at any time, and Vodacom Fibre will enable where the ability to simply make a call on a mobile this multi-screen experience. It will also allow families Enjoy uninterrupted business, studies phone was seen as cutting edge, to an era where we to stay connected and not miss out on any important and entertainment from the comfort expect our mobile phones to serve as a digital platform moments. Now you can video call dad while he’s away of your own home. for anything and everything. on business, or let gran join in on birthday celebrations when she can’t make it in person. Call 082 1904 to sign up. The first mobile networks deployed in South Africa in the mid-1990s were GSM networks that focused Vodacom Fibre gives gamers an advantage on on voice traffic and very low data speeds. In the mid- high-speed and lower latency. Multi-player gaming vodacom.co.za/fibre 2000s, 3G networks were launched in South Africa becomes a breeze. which saw a vast increase in speed and applications. Subscribers were able to combine this speed with the The smart TV will become a hub for TV, gaming, social new capabilities of first-generation smartphones to use networking and streaming. Vodacom a range of new features including global positioning, Power to you video calls and location-based services. Now, we are in the era of 4G. Fixed networks moved Education from a landline phone to being a channel for the internet. The connected home is the new classroom. Remote learning will become a reality as students are linked Fixed line speeds have also consistently evolved from to lecture theatres via video, and school children the early copper–based ADSL networks, that enabled exchange ideas with kids in classrooms around the the first home broadband to go live, to the fibre optic world. A whole new generation of interactive, online networks which will revolutionise the way you work, education will be enabled through Fibre. live and play.

Standard terms and conditions apply. E&OE (Errors & Omissions Excluded). Full terms and conditions are available on vodacom.co.za 54685/VODA/E

54685-303609_Vodacom FTTH Advertorial_420x297.indd 1 6/22/16 1:23 PM The Johannesburg suburb of Parkhurst is an innovative and progressive neighbourhood. While the first it’s not a residential community in the usual sense, it is a community of residents (and businesses – many of them run by residents) that has actively worked towards achieving SMART the advantages of a formal residential estate. community And they’ve done it through a clever combination of state-of-the-art technology and good old face-to- face village communication. In fact, it is in the sphere of technology that this suburb is light years ahead of most others. It was the first suburb in South Africa to install a fibre network to supply super-fast internet to every home – and not just for the geeks and gamers. The fibre project is just one part of a holistic community structure, and also one of the main channels for keeping that community going.

Parkhurst is an ordinary suburb with a good mix of business, residential and open space and no access control. As a community, they have with security and environmentaland security with but issues, deal to initially – PRABOA startedresidents rule, a together.work as Parkhurstwhythe is Which not, do suburbs ordinary in people maintenance, and upgrades on work to and policy decide to regularly meets association homeowners’ where the estate, residential a Unlike or choose from arange ofnew ones. provider internet existing their with remain could residents open so it’s access, that fact the is people Parkhurst the for apart Vumatel set really What providers speed. offer (FTTH) will home the to fibre the All given. a is speed But a to 4 Mbps blisteringly supersonic 1000Mbps. optimised a from of options a range offering – fast it’s Obviously, Vumatel. on settled and provider, service a choose to a process bidding managed through carefully went community The And, ofcourse, thefibre project. security. and initiatives sustainability PRABOA safety, park clean-ups, different. neighbourhood very in involved get to members encourages also but association homeowners’ a to similar is which Association), Owners’ Business and Residents’ (Parkhurst PRABOA the up set 47 SMART LIVING it has grown. And, of course, it was PRABOA that championed the FTTH network.

When the project was first mooted, residents were mobilised through a number of channels. A Facebook page, WhatsApp groups (one for each street), a Google+ community and, of course, the PRABOA website. There were meetings in the town hall and regular coffee get-togethers. An article in the local community (print) newspaper picked up the few people who might otherwise have fallen through the cracks, and FTTH campaigners would stop people in the street as they were strolling or jogging, or chat to them in the park while their dogs were gambolling.

Yes, Parkhurst is an open suburb in which people feel safe in the streets. It’s not uncommon for residents to walk their dogs in the park, stroll up to Fourth Avenue for a pizza or some sushi, and then saunter back home. This is largely thanks to the security initiatives started and maintained by PRABOA – and, with the advent of fibre, they are going to move forward in leaps and bounds. CCTV cameras are being installed in virtually every street, so you can do your neighbourhood watch “patrol” in the comfort of your lounge by checking out the streets online through the camera network.

FTTH, as most people now realise, will change so much in our lives. As well as the obvious advantages of super-fast internet, movie streaming, crystal-clear VOIP and in-your-face gaming, fibre allows for seamless living. As Ryan Beech, who manages the FTTH programme for PRABOA, and is currently developing the smart system that will ultimately manage the Parkhurst smart community initiative says:

The possibilities are endless – better security through CCTV is likely to lead to lower insurance premiums. Parkhurst will attract many professionals wanting to work from home and this will drive economic growth in the area as local businesses are supported. You will be able to cancel your Telkom voice line and replace it with an Internet-based phone system that will allow you to make free calls within the area.

FTTH will enable more Parkhurst residents to work from home with greater efficiency, which will have huge knock-on effects. Security will be enhanced because there are more people around during the day, local businesses will benefit from increased business, and people will use their cars less. This last plus has so many benefits it’s almost worth it just for that. If you use your car less, you burn less carbon, you save money, you find that it’s a good idea to stroll to the shops or to the coffee shop – thus getting some exercise, and generally taking life a little slower.

Maybe that’s the real value of speed – it lets you do things slower: more time with the kids, time to walk the dogs, time to cook a meal from scratch – and leave it in the oven at a low heat while you burn up cyberspace at the speed of light.

www.parkhurst.io

CONFERENCE 2016 Cape Town 4-6 October THE FUTURE OF SMART # slowinternetmustfall

TTHRB : PM