DOCSLIB.ORG

ANNUAL REPORT 2001 Company Profile

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
ANNUAL REPORT 2001 Company Profile 2001 ANNUAL REPORT BONATLA PROPERTY HOLDINGS Managed by 6th Floor Protea Place Protea Road Claremont 7700 PO Box 44845 Claremont 7735 Tel 27+21+683 7773 Fax 27+21+683 7774 www.bonatla.co.za Company Profile Bonatla Property Holdings Limited (“Bonatla”), is a property company listed on the JSE Securities Exchange SA list in the Real Estate – Property sector. The company listed in October 1997 with a portfolio of R240 million which has subsequently grown to R645 million. The portfolio comprises a spread of commercial, industrial and retail properties. During the review period the company changed its management structure from an in-house team to outsourced management. Catalyst Property Asset Managers (Pty) Ltd (“CPAM”) undertakes the asset management of the company whilst the Broll Property Group (Pty) Ltd performs the property management function. CPAM reports to the board of directors, the majority of whom are non-executive. The company seeks to create value for shareholders by consistently generating a total rate of return in excess of inflation. This is achieved by active asset management of the underlying portfolio thereby maximising the portfolio value. 264311 Bonatla inside 22/4/02 3:01 pm Page 1 contents 264311 Bonatla inside 22/4/02 3:01 pm Page 2 financial highlights Group 2001 2000 % Change Turnover (R000’s) 113 050 91 362 23,7% Operating profit (R000’s) 80 011 66 545 20,2% Operating margin 71% 73% (2,8%) Net income before taxation (R000’s) 12 743 3 760 238,9% Fully diluted earnings per share (cents) 5,02 3,11 61,4% Interest cover 1,15 1,03 11,9% Debt/equity ratio 2,83 3,01 6,2% Debt/total assets ratio 0,73 0,74 1,4% Repayment of long-term interest-bearing debt (R000’s) 11 822 –– Cashflow from operating activities (R000’s) (excluding dividends paid) 11 395 10 279 10,9% Headline Earnings per share (cents) Headline EPS 2 264311 Bonatla inside 22/4/02 3:01 pm Page 3 financial highlights (cont.) Comparison of Value of Investment Property to Turnover (Rm) Investment Property Turnover Total Debt vs Total Equity (Rm) Total Debt Total Equity 3 264311 Bonatla inside 22/4/02 3:02 pm Page 4 chairman’s report “The most significant change during the year was the restructuring of Bonatla’s management.” BJ van der Ross – Chairman of Bonatla The 2001 financial year was one of dramatic and positive change for Bonatla where much progress has been made in achieving the company’s strategic objectives. The most significant change during the year was the restructuring of Bonatla’s management. The full management function has been outsourced to the Catalyst group. The property management is undertaken by the Broll Property Group (Pty) Ltd who are the largest property managers in South Africa. The asset management of the group is performed by Catalyst Property Asset Managers (Pty) Ltd who are developing a reputation for their innovative and dynamic approach to property asset management. This decision is in line with international best practise for property owning companies to outsource their management to focused property experts. As an indication of their confidence in the future of Bonatla, the Catalyst group has subscribed for R8 million convertible debentures. The board has been reconstituted to reflect the change in management, and consists of the following members: Messrs M Brodie, J Broll, R du Plooy, J Styger, M Viljoen, N Vontas and B van der Ross. Messrs J Broll and R du Plooy represent the Catalyst group. 4 264311 Bonatla inside 22/4/02 3:02 pm Page 5 chairman’s report (cont.) The company paid its maiden dividend of 1 cent per share at the half-year stage, and another dividend of 1 cent per share after year-end. This is in line with the group’s objective of increasing dividend payments to shareholders. The group successfully restructured a large portion of its debt after year-end which should facilitate the continued payment of dividends. The above events and progress, as well as potential structural changes designed to further reduce the debt level and increase dividends, bode well for Bonatla in the coming year and beyond. On behalf of the board I would like to thank Mackie Brodie for his wise counsel as Chairman of Bonatla during the past three years. I would also like to thank my fellow directors and management for their commitment and contributions to the company. BJ VAN DER ROSS Chairman 5 264311 Bonatla inside 22/4/02 3:02 pm Page 6 review of results & portfolio analysis The 2001 financial year reflects on a year of consolidation, as the group focused on management of the underlying portfolio and debt restructuring. The main areas reported on, include: • Profitability • Balance sheet •Risk profile • Management • Shareholder relations • Share price and liquidity Profitability Fully diluted earnings per share increased by 61,4% from 3,11 cents to 5,02 cents. The group benefited from the general decline in interest rates, which has an amplified effect due to the group’s debt level. The significant increase in operating profit is as a result of a portfolio, which was acquired during 2000, being accounted for a full financial year. Lease Expiry Profile 6 264311 Bonatla inside 22/4/02 3:02 pm Page 7 review of results & portfolio analysis (cont.) The operating margin declined from 73% to 71% mainly due to the increase in vacancies from 4,3% to 11,1%. The increase in vacancies reflects the weak underlying property market fundamentals with excess space and low demand. Subsequent to year-end vacancies have reduced to 10,2%. The group believes operating margins will remain under pressure during the coming year as a result of property fundamentals continuing to weaken. CPAM succeeded in restructuring certain of the group’s debt structures after year end which will result in a significant interest saving notwithstanding the increase in the prime overdraft rate to 14%. Balance Sheet The balance sheet continues to strengthen with the total debt to total assets ratio improving from 74% to 73%. A total of R11,8m of interest-bearing debt was repaid and convertible debentures of R8m raised as long-term capital. A single property was sold during the period for R4,75m, a profit of R0,677m. Risk Profile The group has renewed or let 31 894m2 during the last six months, which has improved the lease expiry profile and significantly reduced the risks to the future income stream of the group. Seventy two percent of borrowings are now fixed for periods between one and eight years. The group will continue its strategy of not speculating with interest rates by at least maintaining the current percentage of fixed rate debt. Management As mentioned in the Chairman’s review the group has outsourced its management function to the Catalyst group. This decision has proven successful with the Broll Property Group renewing the majority of the group’s critical leases subsequent to their appointment. CPAM has focused on shareholder disputes (referred to below), debt restructuring and the underlying portfolio. The focus for 2002 will be the continued restructuring of Bonatla’s balance sheet to facilitate a reduction in debt and increased distributions to shareholders. 7 264311 Bonatla inside 22/4/02 3:02 pm Page 8 review of results & portfolio analysis (cont.) Shareholder Disputes The group started the year with four significant unresolved shareholder disputes. As at the date of this report all disputes have been amicably resolved with the resultant effect of all parties now focusing positively on Bonatla’s growth. Share Price and Liquidity The directors remain focused on improving the liquidity of the share and reducing the discount to net asset value at which the shares currently trade on the JSE. In this regard the proposals to reduce debt and increase dividend flows should have a positive impact. Bonatla closing price 1 October 2000 to 30 September 2001 S H A R E P R I C E High 115 cents Low 10 cents Annual Volume 6 323 364 8 264311 Bonatla inside 22/4/02 3:02 pm Page 9 review of results & portfolio analysis (cont.) GEOGRAPHIC ANALYSIS BY MARKET VALUE GEOGRAPHIC ANALYSIS BY GLA* 8% 3% Free State 12% 2% 7% 6% 4% 3% North West Northern Province Kwa-Zulu Natal 78% 77% Gauteng SECTORAL ANALYSIS BY MARKET VALUE SECTORAL ANALYSIS BY GLA* 25% 18% 34% 28% Office Industrial Retail 38% 57% GRADE ANALYSIS BY MARKET VALUE GRADE ANALYSIS BY GLA* 13% 4% 24% A 19% 9% B 13% C 55% 63% D * Gross Lettable Area 9 264311 Bonatla inside 22/4/02 3:02 pm Page 10 property portfolio 9 No Property & Description Date Valuation Gross No of Vacancy Owned Erf no. Street Address Acquired R'000 Lettable Tenants % by Area (m2) 1 Spoornet House Modern eight-storey building Oct 97 10 500 4 764 1 0,00% Bonatla Stand 4899/101 121 Eloff House with three levels of basement Properties Johannesburg Braamfontein parking. (Pty) Ltd Johannesburg 2 Gothic House Modern two-storey office block Oct 97 400 1 400 7 12,00% Bonatla Stand 231/3 67 Seventh Street with parking. It is situated in a Properties Linden Linden suburban node close to (Pty) Ltd amenities. 3 Sanrio Fruit Warehouse building with cold Oct 97 4 227 3 296 2 28,67% Bonatla Stand105/106 City Deep x4 Fortune & Merino Street, storage facilities. Properties 57/58/1 City Deep x1 City Deep, (Pty) Ltd Johannesburg 4 Delta City A multi-level industrial building Oct 97 4 000 14 992 3 5,01% Bonatla Stand 33 4 Salisbury Street designed and let to the motor Properties Salisbury Claims Johannesburg industry providing ample (Pty) Ltd parking, parts warehouse, panel beating shop.
Load more

Recommended publications
  • Historical Land Planning, Transport Poverty and Sustainable Cities: the Case of Johannesburg
    COPYRIGHT AND CITATION CONSIDERATIONS FOR THIS THESIS/ DISSERTATION o Attribution — You must give appropriate credit, provide a link to the license, and indicate if changes were made. You may do so in any reasonable manner, but not in any way that suggests the licensor endorses you or your use. o NonCommercial — You may not use the material for commercial purposes. o ShareAlike — If you remix, transform, or build upon the material, you must distribute your contributions under the same license as the original. How to cite this thesis Surname, Initial(s). (2012) Title of the thesis or dissertation. PhD. (Chemistry)/ M.Sc. (Physics)/ M.A. (Philosophy)/M.Com. (Finance) etc. [Unpublished]: University of Johannesburg. Retrieved from: https://ujdigispace.uj.ac.za (Accessed: Date). Historical land planning, transport poverty and sustainable cities: the case of Johannesburg Dr Michelle Claire Lawton Department of Geography, Environmental Management and Energy Studies Faculty of Science University of Johannesburg Mini-dissertation submitted in partial fulfillment for the degree Masters of Science in Environmental Management Supervisor: Mrs Tracey J. McKay Co-Supervisor: Dr June Meeuwis December 2014 ANTI-PLAGIARISM DECLARATION University of Johannesburg Department of Geography, Environmental Management & Energy Studies Title: Dr Full name: Michelle Claire Lawton Student number: 909906451 Course: Mini dissertation MSc in Environmental Management 1. I understand what plagiarism is and am aware of the University’s policy in this regard. 2. I know that plagiarism is wrong. Plagiarism is to present someone else’s ideas as my own. I know that I would plagiarise if I do not give credit to my sources, or if I lift sentences or paragraphs from a book, article or internet source without proper citation.
    [Show full text]
  • City of Joburg Guide to Inner City Urban Development Zone As at June 23, 2006 Page 1 ______
    City of Joburg Guide to Inner City Urban Development Zone As at June 23, 2006 Page 1 _____________________________________________________________________________ JOHANNESBURG INNER CITY URBAN RENEWAL TAX INCENTIVE GUIDE Prepared by the City of Joburg 1. Introduction In the recent past, global big cities with extensive investment in infrastructure, have been adversely affected economically by considerable urban decay, dereliction of buildings and impoverishment partly caused by increased urban migration. Johannesburg, particularly its core Inner City, and other main South African cities have also experienced similar negative economic factors. To reverse this economic decline and to maximize efficient utilization of the existing infrastructure, the South African government has followed international trends and intervened through the introduction of economic and fiscal incentives. In 2003, the Minister of Finance announced the promulgation of the Urban Renewal Tax Incentive in respect of 16 South African designated urban areas, to promote private investment in property to rejuvenate the inner cities’ economies. The incentive comes in a form of an accelerated depreciation allowance to promote private sector investment in construction, extensions, additions and improvement or refurbishment of buildings in the specified urban development zones (UDZs). The Revenue Laws Amendment Act, effected by the insertion of section 13 quat of the Income Tax act no. 58 of 1962, and designating the UDZ status to Joburg’s Inner City and Cape Town was promulgated on October 14, 2004. Other large South African cities were accorded the UDZ status later in 2004 and mid-2005. The UDZ legislation has since been amended further and promulgated on February 1, 2006 to allow part or sectional title building ownerships as well as purchased buildings or parts thereof to qualify for the incentive.
    [Show full text]
  • Provincial Gazette Provinsiale Koerant EXTRAORDINARY • BUITENGEWOON
    T ~ .. ..,. ~ ., .,..,~ r _I.JVIIVI.,~-- I.J~ ... .I.~ .. _I.JVIIV:-"~- v I-l.V r-- ••• ___ ._ r" ••• ___ ._ __'-'. a; ;.v~ __'-'. &;;.v~ Provincial Gazette Provinsiale Koerant EXTRAORDINARY • BUITENGEWOON Selling price • Verkoopprys: R2.50 Other countries • Buitelands: R3.25 PRETORIA Vol. 23 4 OCTOBER 2017 No. 243 4 OKTOBER 2017 2 No. 243 PROVINCIAL GAZETTE, EXTRAORDINARY, 4 OCTOBER 2017 CONTENTS GENERAL NOTICE No Page No 1441 Gauteng Liqour Act, 2003 (Act No.2 of 2003): Notice of applications for liquor licences in terms of section 24: Divided into the following regions: ............................................................................................................................................................. 10 Johannesburg............................................................................................................................................................... 10 Tshwane....................................................................................................................................................................... 23 Ekurhuleni .................................................................................................................................................................... 33 Sedibeng .............................................................................................................................. ........................................ 40 West Rand...................................................................................................................................................................
    [Show full text]
  • ·11111Uill~"·1
    ~·.. Selling price • Verkoopprys: R2,50 Other countries • Buitelands: R3,25 MARCH Vol. 10 PRETORIA, 3 MAART 2004 No. 74 We all have the power to prevent AIDS AIDS HELPUNE 1oaoo 012 3221 DEPARTMENT OF HEALTH Prevention is the cure ·11111Uill~"·1 2083024-A 74-1 2 No. 74 PROVINCIAL GAZETTE, 3 MARCH '2004 CONTENTS Page Gazette No. No. No. GENERAL NOTICES• 471 Mogale City Local Council: Application for consent use in accordance with the Krugersdorp Town-planning Scheme, 1980 .... ,.................. ,...................................................................................................................................................... 10 74 472 Division of Land Ordinance (20/1986): Division of land: Holding 102, North Riding Agricultural Holdings .................. 10 74 473 do.: do.: Holding 6, Farmall Agricultural Holdings ......................................................................................................... 11 74 474 do.: do.: Holding 65, Farmall Agricultural Holdings ....................................................................................................... 12 74 475 do.: do.: Holding 94, Chartwell Agricultural Holdings ................................................................................................... 13 74 476 do.: do.: Portion 100, farm Zevenfontein 407 JR. .......................................................................................................... 14 74 477 do.: do.: Holding 20, Partryshoek Agricultural Holdings ..............................................................................................
    [Show full text]
  • Provincial Gazette Provinsiale Koerant
    T ~ ...... ~ ., .,..,~ r _I.JVIIVI.,~-- I.J~ ... .I1~ .. _LIVIIV':-'I~- v IoI.IV ,--__. \..I ------- I';; ;IV~ ,---__. \..I ------- I &;;IV~ Provincial Gazette Provinsiale Koerant Selling price • Verkoopprys: R2.50 Other countries • Buitelands: R3.25 PRETORIA Vol. 26 2 SEPTEMBER 2020 No_ 155 2 SEPTEMBER 2020 2 No. 155 PROVINCIAL GAZETTE, 2 SEPTEMBER 2020 PROVINSIALE KOERANT, 2 SEPTEMBER 2020 No. 155 3 CONTENTS Gazette Page No. No. GENERAL NOTICES' ALGEMENE KENNISGEWINGS 560 City of Tshwane Land Use Management By-law, 2016: Portion 2 of Erf 276 Booysens X1............................... 155 17 560 Stad van Tshwane Grondgebruiksbestuur Verordening, 2016: Gedeelte 2 van Erf 276 Booysens X1.............. 155 18 561 City of Ekurhuleni Metropolitan Municipality Spatial Planning and Land Use Management By-Law, 2019: Erf 250, Birch Acres; Erf 1195, Van Riebeeckpark Extension 6 and Erf 1196, Van Riebeeckpark Extension 6...... 155 19 569 Town-planning and Townships Ordinance (15/1986): Erven 1287 and 1288, Bardene Extension 82 Township 155 ...................................................................................................................................................................20 569 Ordonnansie op Dorpsbeplanning en Dorpe (15/1986): Erwe 1287 en 1288, Bardene Uitbreiding 82.............. 155 20 571 City of Ekurhuleni Metropolitan Municipality Spatial Planning and Land Use Management By-law, 2019: Portion 1 of Holding 43, Nortons Small Farms-IR.............................................................................................
    [Show full text]
  • KZN KZN Limpopo 0608 Limpopo 0884 MPM KZN KZN KZN
    City Name State Post Code 10TH AVENUE EC 6242 11TH AVENUE EC 5850 1ST AVENUE EC 6242 45TH CUTTING KZN 4091 AALWYNFLEUR WC 6670 AANDRUS FS 9301 ABAPHEHLI KZN 4126 ABBOTSDALE WC 7300 ABBOTSFORD Gauteng 2192 ABBOTSFORD EC 5241 ABBOTSPOORT Limpopo 0608 ABC EC 6242 ABEL Limpopo 0884 ABERDEEN EC 6270 ABERDEEN DGD EC 6270 ABERDEEN TSP EC 6270 ACACIAVILLE KZN 3370 ACKERVILLE MPM 1039 ACORN KZN 3610 ACORNHOEK MPM 1360 ACTIVIA PARK Gauteng 1429 ACTON CABA EC 5401 ACTON HOMES KZN 3352 ACTONVILLE Gauteng 1501 ACTONVILLE EXT 2 Gauteng 1501 ACTONVILLE EXT 3 Gauteng 1501 ACTONVILLE EXT 4 Gauteng 1501 ACTONVILLE EXT 5 Gauteng 1501 ACTONVILLE EXT 6 Gauteng 1501 ACTONVILLE UIT 2 Gauteng 1501 ACTONVILLE UIT 3 Gauteng 1501 ACTONVILLE UIT 4 Gauteng 1501 ACTONVILLE UIT 5 Gauteng 1501 ACTONVILLE UIT 6 Gauteng 1501 ADAMAYVIEW NW 2571 ADAMS MISSION KZN 4110 ADCOCK VALE EC 6001 ADCOCK VALE EXT EC 6045 ADCOCK VALE UIT EC 6045 ADDINGTON KZN 4001 ADDNEY Limpopo 0712 ADDO EC 6105 ADELAIDE EC 5760 ADENDORP EC 6282 ADKINS POST EC 5170 ADMINISTRASIE BLOK Gauteng 1431 ADMINISTRATION BLOCK Gauteng 1431 ADMIRALS HILL WC 7798 ADRIAANSE WC 7490 ADVENT EC 5092 AERORAND MPM 1055 AEROTON Gauteng 2190 AEROVILLE EC 5850 AFGUNS Limpopo 0534 !1 AFRICA KZN 4309 AFRICAN ENTERPRISE KZN 3294 AGAVIA Gauteng 1739 AGGENEYS NC 8893 AGINCOURT MPM 1368 AGISANANG NW 2760 AGNES REST EC 5435 AGTER-PAARL WC 7630 AGULHAS WC 7287 AIKEN STREET KZN 4251 AIKENSTRAAT KZN 4251 AIRDLIN Gauteng 2157 AIRFIELD Gauteng 1501 AIRLIE WC 7806 AIRPORT CITY WC 7490 AIRPORT INDUSTRIA WC 7490 AKASIA Gauteng 0601
    [Show full text]
  • REQUEST for PROPOSALS (Rfps) for the LONG TERM LEASE and DEVELOPMENT of PROPERTIES MENTIONED BELOW: the City of Joburg Property Company (SOC) Ltd (“JPC”) (Reg
    REQUEST FOR PROPOSALS (RFPs) FOR THE LONG TERM LEASE AND DEVELOPMENT OF PROPERTIES MENTIONED BELOW: The City of Joburg Property Company (SOC) Ltd (“JPC”) (Reg. No 2000/017147/07) as an agent of City of Johannesburg Metropolitan Municipality (“CoJ”), hereby invites interested persons to submit proposals for the long-term Lease and development of the properties stated hereunder: Bid Number TENDER DESCRIPTIONS PROPOSED USAGE RFP 22/2018 Request for proposals for the long term lease and development of Erven 1905-1907 and 4734 Johannesburg Mixed Use Development with special emphasis on mixed rental residential. RFP 23/2018 Request for proposals for the long term lease and development of Erf 2252 Johannesburg Mixed Use Development with special emphasis on mixed rental residential. RFP 24/2018 Request for proposals for the long term lease and development of Erven 1864 and 1865 Johannesburg Mixed Use Development with special emphasis on mixed rental residential. RFP 25/2018 Request for proposals for the long term lease and development of Erf 737 Yeoville Mixed Use Development with special emphasis on mixed rental residential. RFP 26/2018 Request for proposals for the long term lease and development of Erven 1633, 1637, 1638, 1639 and 1640 Turfontein. Mixed Use Development with special emphasis on mixed rental residential. RFP 27/201 Request for Request for proposals for the long term lease and development of Erf 776 Turfontein Mixed Use Development with special emphasis on mixed rental residential. RFP 28/2018 Request for proposals for the long term lease and development of Erf 527 Yeoville and Remainder and portion 1 of Erf 528 Yeoville Mixed Use Development with special emphasis on mixed rental residential.
    [Show full text]
  • CITY of JOHANNESBURG TOWH CLERK's DEPARTMENT. 2Nd February 1965. to ALL MEMBERS of the MANAGEMENT COMMITTEE
    I CITY OF JOHANNESBURG TOWH CLERK’S DEPARTMENT. 2nd February 1965. TO ALL MEMBERS OF THE MANAGEMENT COMMITTEE: ANNUAL REPORT FOR THE YEAR ENDED 50TH JUNE 1965. The Annual Report of the City Valuer referred to in the agenda for -the meeting of the Management Committee to be held on 8th February 1965 is attached for the information of members of the Committee. ROSS BLAINE, CLERK OF THE COUNCIL. * i CITY OF JOHANNESBURG. VALUATION DEPARTMENT. ANNUAL REPORT OF THE CITY VALUER FOR THE YEAR ENDING 3QTH JUNE 1963. To His Worship the Mayor and Councillors of the City of Johannesburg, Mr Mayor, Ladies and Gentlemen, I have to honour to present the Annual Report of the Valuation Department for the year ended 30th June 1963. General Functions of the Department. As the Transvaal Local Authorities Rating Ordinance No. 20 of 193J re­ quires that there shall be a complete revaluation of all rateable property within the municipal area not less than once every three years, the major portion of the work of the department follows a regular three yearly cycle. This involves the inspection of all properties, placing new values on at] land and improvements, and finally defending these values before the vaiua t-on court in those cases where objections have been lodged During the currency of the roll interim valuations are made when new townships are gazetted, when stands are consolidated or subdivided, and when n«w buildings are completed, The new values are used by the Council when framing the budget and by (he City Treasurer to levy rates.
    [Show full text]
  • Provincial Gazette Provinsiale Koerant The
    THE PROVINCE OF DIE PROVINSIE VAN UNITY DIVERSITY GAUTENG IN GAUTENG Provincial Gazette Provinsiale Koerant EXTRAORDINARY • BUITENGEWOON Selling price • Verkoopprys: R2.50 Other countries • Buitelands: R3.25 PRETORIA Vol. 22 30 MARCH 2016 No. 112 30 MAART 2016 We oil Irawm he power to pment kiIDc AIDS HElPl1NE 0800 012 322 DEPARTMENT OF HEALTH Prevention is the cure ISSN 1682-4525 N.B. The Government Printing Works will 00112 not be held responsible for the quality of “Hard Copies” or “Electronic Files” submitted for publication purposes 9 771682 452005 2 No. 112 PROVINCIAL GAZETTE, EXTRAORDINARY, 30 MARCH 2016 1 A message from Government Printing Oit)TV6, Works Notice Submissions Rule: Single notice, single email Dear Valued Customer, Over the last six months, GPW has been experiencing problems with many customers that are still not complying with GPW’s rule of single notice, single email (with proof of payment or purchase order). You are advise that effective from 18 January 2016, all notice submissions received that do no comply with this rule will be failed by our system and your notice will not be processed. In the case where a Z95, Z95Prov or TForm3 Adobe form is submitted with content, there should be a separate Adobe form completed for each notice content which must adhere to the single notice, single email rule. A reminder that documents must be attached separately in your email to GPW. (In other words, your email should have an electronic Adobe Form plus proof of payment/purchase order – 2 separate attachments – where notice content is applicable, it should also be a 3rd separate attachment).
    [Show full text]
  • Proposed Priority Housing Development Areas 42464 L of All Well Needs; Segments Apartheid Previously
    671 NO. 671 NO. Priority Housing Development Areas Department of Human Settlements Housing Act (107/1997): Proposed Priority Housing Development Areas HousingDevelopment Priority Proposed (107/1997): Act Government Gazette No.. I, NC Mfeketo, Minister of Human Settlements herewith gives notice of the proposed Priority Housing Development Areas (PHDAs) in terms of Section 7 (3) of the Housing Development Agency Act, 2008 [No. 23 of 2008] read with section 3.2 (f-g) of the Housing Act (No 107 of 1997). 1. The PHDAs are intended to advance Human Settlements Spatial Transformation and Consolidation by ensuring that the delivery of housing is used to restructure and revitalise towns and cities, strengthen the livelihood prospects of households and overcome apartheid This gazette isalsoavailable freeonlineat spatial patterns by fostering integrated urban forms. 2. The PHDAs is underpinned by the principles of the National Development Plan (NDP) and allied objectives of the IUDF which includes: DEPARTMENT OFHUMANSETTLEMENTS DEPARTMENT 2.1. Spatial justice: reversing segregated development and creation of poverty pockets in the peripheral areas, to integrate previously excluded groups, resuscitate declining areas; 2.2. Spatial Efficiency: consolidating spaces and promoting densification, efficient commuting patterns; STAATSKOERANT 2.3. Access to Connectivity, Economic and Social Infrastructure: Intended to ensure the attainment of basic services, job opportunities, transport networks, education, recreation, health and welfare etc. to facilitate and catalyse increased investment and productivity; 2.4. Access to Adequate Accommodation: Emphasis is on provision of affordable and fiscally sustainable shelter in areas of high needs; and Departement van Department Nedersettings, of/Menslike Human Settlements, 2.5. Provision of Quality Housing Options: Ensure that different housing typologies are delivered to attract different market segments at appropriate quality and innovation.
    [Show full text]
  • Annual Report of the City Valuer for the Year Ended 30 June 1963. In
    Annual Report of the City Valuer for the year ended 30 June 1963. In ScheduleA of the Report statistics of valuations and rates levied from 1902 to 1963 are given. Municipal valuations are referred to in the paper on Soweto. 'H&Juc&ioo cj /fic /Cij Í cdUgj jyv/%' /j>&± / í c l e U ^ l t ^ / v j ^ J í (j[ \(< x £ u - + M ^ o f r * ^ /ÝcaL ffQj <?uel • A ^ - / í f c ^ -e--€c * / CITY OF JOHANNESBURG. VALUATION DEPARTMENT. ANNUAL REPORT OF THE CITY VALUER FOR THE YEAR ENDING BOTH JUNE 1963. To His Worship the Mayor and Councillors of the City of Johannesburg, Mr Mayor, Ladies and Gentlemen, I have to honour to present the Annual Report of the Valuation Departm-at for the year ended 30th June 1963. General Functions of the Department As the Transvaal Local Authorities Rating Ordinance No. 20 of 1933 re quires that there shall be a complete revaluation of ail rateable property within the municipal area not less than once every three years, the major portion of the work of the department follows a regular three yearly cycle, This involves the inspection of all properties, placing new values on all land and improvements, and finally defending these values before the valua tion court in those cases where objections have been lodged During the currency of the roil interim valuations are made when new townships are gazetted, when stands are consolidated or subdivided, and when new buildings are completed. The new values are used by the Council when framing the budget and by the City Treasurer to levy rates In addition to this main function, opinions on the market value or reasonable compensation are furnished to the Clerk of the Council and the City Engineer in connection with numerous schemes involving acquisition of land for municipal purposes, particularly for roads, parking garages, sewer and stormwater servitudes and transformer kiosk servitudes, and on the realizable value of proposed townships to fix endowment.
    [Show full text]
  • GCRO Qol Survey II List of Places with Codes
    GCRO QoL Survey II List of Places with Codes Table of Contents Question List Page No. 2.4 List of Places (Other than Gauteng) Free State 2 Eastern Cape 3 Kwazulu Natal 6 Mpumalanga 9 Northern Cape 11 Limpopo 13 North West 15 Western Cape 16 2.8 and List of Places (Within Gauteng) 20 4.2 4.2 List of Places (Outside Gauteng within GCRO) 49 2.8 and Municipality Codes 50 4.2 Page | 2 List of Places (Other than Gauteng) Required for Question 2.4 FREE STATE PROVINCE Town GCROCode Town GCROCode Town GCROCode Aberfeldy 20706 Fauresmith 20598 Lindley 20699 Allandale 20641 Ferreira 20634 Lofter 20607 Allanridge 20666 Ficksburg 20689 Luckhoff 20593 Allep 20612 Florisbad 20658 Manyatseng 20649 Alma 20676 Fouriesburg 20697 Maokeng 20147 Arlington 20702 Frankfort 20725 Marquard 20685 Austin's Post 20597 Gariep Dam 20609 Maselspoort 20632 Bethlehem 20691 Geneva 20717 Meadows 20624 Bethulie 20611 Glen 20630 Meloding 20679 Bloemfontein 20631 Glenrock 20645 Memel 20710 Bloudrif 20669 Goedemoed 20617 Mirage 20682 Boesmanskop 20619 Gomvlei 20614 Mount Pelaan 20712 Bohlokong 20690 Gumtree 20688 Namahadi 20730 Boshof 20661 Harrismith 20704 Odendaalsrus 20667 Bothaville 20683 Heilbron 20149 Oppermans 20590 Botshabelo 20636 Helvetia 20618 Oranjeville 20160 Brandfort 20655 Hennenman 20675 Parys 20151 Breipaal 20615 Hertzogville 20660 Paul Roux 20695 Bronville 20678 Heuningspruit 20155 Petrus Steyn 20700 Bultfontein 20665 Hobhouse 20648 Petrusburg 20594 Clarens 20694 Hoopstad 20664 Philippolis 20605 Clocolan 20687 Jacobsdal 20589 Philippolis Road 20604 Clydesdale
    [Show full text]