Category Finance

Financial information and budgeting

Levies are the lifeblood!

There is an old saying in Community Scheme management: ”Levies are the lifeblood of any Community Scheme” We urge you to read an excellent article in the Daily Investor (an electronic on-line newspaper) on 20 June by Kirsten Minnaar about…

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Reserve Funds

If you grew up as a kid in South Africa, you know about Chappies chewing gum and the phrase “did you know”. The wrappers of the chewing gum contain encyclopedia-like information about random facts. As a kid at heart, I…

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Levy Debt Prescription

What is “prescription”? Prescription is when a debt (an obligation to pay money to a third party) is extinguished after a period of time. Section 11(d) of the Prescription Act 68 of 1969 provides that a debt prescribes after three…

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