THE SECTIONAL TITLE INDUSTRY IN SOUTH AFRICA: PERSPECTIVES OF MANAGING AGENTS

Abstract

This article is the second 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 third article in the series will address the perspectives of chairmen or bodies corporate.) The aim of this article was to provide an overview of practical problems experienced by managing agents 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.