THE SECTIONAL TITLE INDUSTRY IN SOUTH AFRICA: PERSPECTIVES OF CHAIRMEN OF BODIES CORPORATE

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Abstract

This article is the third in a series of three on the sectional title industry in South Africa. (The first article dealt with perspectives of accounting and auditing practitioners and the second article in the series addressed the perspectives of managing agents of bodies corporate.) The aim of this article was to provide an overview of practical problems experienced by chairmen of bodies corporate in the sectional title industry in South Africa by way of interviewing a sample of key role players in the industry. The empirical results revealed various practical challenges and uncertainties in the industry. Various problems and concerns were addressed and practical recommendations were made that can be of assistance to owners, trustees, managing agents, accountants and auditing professionals. The findings can also be used as a valuable basis for further research. This article also gave a discussion of possible further research for the article series as a whole.

Keywords: Sectional Title, Sectional Titles Act, Sectional Title Management, Sectional Title Schemes, Sectional Title Budget, Trustees, Body Corporate, Trust Money, Accounting, Auditing, Accounting Profession, Auditing Profession

How to cite this paper: Steenkamp, L., & Lubbe, D. (2015). The sectional title industry in South Africa: Perspectives of chairmen of bodies corporate. Corporate Ownership & Control, 12(2-5), 565-569. https://doi.org/10.22495/cocv12i2c5p6