
Court draws line between BEE licensing and property regulation
The High Court invalidated the BEE certificate condition for Fidelity Fund certificates but rejected most of Sakeliga’s challenge to the definition of property practitioner.

The High Court invalidated the BEE certificate condition for Fidelity Fund certificates but rejected most of Sakeliga’s challenge to the definition of property practitioner.

The release of R7.1 billion buys time, but December’s equitable share assessment will determine whether non-compliant municipalities face another funding freeze.

The FFC says a system-wide breakdown in collecting and paying bills is fuelling arrears that more than a decade of government interventions has failed to contain.

Lawmakers want legal questions over withheld equitable-share allocations resolved as Treasury begins releasing billions of rand to compliant municipalities.