Houseplant Tutorial
The winter has reached it’s end and now Spring is here! In celebration of Spring Day 2010, here’s a fun article on keeping a healthy and happy houseplant and how to go about doing just that. Covering the essentials on how to take proper care of your plant:
Nothing is more impressive than walking into a home or office that is full of healthy, lush, green plants and trees. The environment is more peaceful, the foliage softens the hard edges, and the greenery gives a warm sense of welcome. And caring for these houseplants is not as complicated as one may think. It’s all about knowing what is important, and ignoring the rest of the information that is constantly being thrown at you.
It’s simply about learning a few new basic sets of skills, and the more you use these new skills, the easier and more natural they become for you. Pay attention to the few basics that we are going to go over in detail, and all you have left is the joy in what you are growing.
So let’s have some fun, and by the end of this mini-course you will have a very clear idea of what to do, and how to grow stunning houseplants that people will envy when they step into your home or office. Let’s get started!
Getting to know your plant:
Don’t worry, we will try our best to make this section as brief as possible to spare you the high biology class lecture! These are just some facts about plants grow and survive, you may find this very helpful if you are in the process of caring for your own plants or planning on doing so.
Roots
Roots anchor the plant, but more importantly they are what absorb the water, minerals, and nutrients that feed it. Most absorption happens through the root tips and the tiny hairs on the roots.
This is very important, because it is critical that roots have optimum good growing conditions. They need plenty of AIR down there. It’s why you so often hear, “Use a light, well-drained soil mix.” It’s because that type of soil allows for optimum growing conditions for the roots.
If they sit in waterlogged soil day after day, the roots get no air to breathe, and will eventually start to die, which causes the plant to wilt. Why? Because with no roots, the plant can’t take up any water or nutrients and the leaves and stems start to dehydrate and wilt.
Many people react to a wilting plant by giving it more water. STOP! Think about normal soil outside. It gets watered, it drains. Same thing with houseplants, but its soil is in a pot, so we must simulate, as best we can, normal growing conditions for it.
Normal soil has air pockets. When you water, you fill those air pockets with water that is necessary for the plant, but only for a short period of time (Unless it is a bog plant and grows in water).
Normal plants need a good balance of moisture and air. We do too. We need a good drink now and again, but we also need to be able to breathe. Roots are exactly the same. They are their own living, breathing entities down there.
On the opposite side of this, if you never water, all the roots have is dry soil. They can’t take up any water or nutrients and so the plant wilts and then if stressed enough, will die.
Often, people leave plants to wilt and as soon as they do, they water the plant in order for it to perk up, without realising the amount of stress that they are placing the plant under. The plant, in a deep wilt, has to absorb the water, get the cells filled with moisture and nutrients again, get their leaves and stomata, and systems all working again, and then do it over, and over. Eventually, if this does persist, the plant will die.
So give those roots what they need. Nice even moisture, allow those air pockets to form, and give them some good food to chew on in the form of a good balanced fertilizer.
Soil/Growing Media
As we have mentioned previously, plant roots require both air and water for optimum health. So the soil mixture must be able to provide both. It must also have the ability to moderately retain nutrients for the plant’s use.
Soil from your yard is too heavy to use in containers, meaning it doesn’t provide good drainage or air pockets and circulation for healthy root growth. Regular garden soil compacts in the pot and stays waterlogged, and it can harbor diseases and pests, so we tend to use potting mixes for indoor plants, which, to be precise, are actually “soil-less.”
Soil-less just means that there is no real garden “dirt” or “soil” in the mix. Manufactures have made a mix of peat moss or decomposed bark with vermiculite or perlite.
There are several benefits to the soil-less mixes, the main ones being they are free of pests and disease, but they are also simple to use, and make a terrific growing media for just about all plants.
You can always mix your own potting soil if you want, but most of us don’t. So what should we look for when buying a bagged potting soil? What makes a good soil mix?
For general use, always look for a potting mix that is of medium weight, meaning a good mix of equal parts of peat moss, decomposed bark with perlite.
Try to keep things simple. The basic ingredients you need are:
- Peat moss to provide water retention
- Decomposed bark to provide some weight, improve drainage, and add some nutrition value
- Perlite to provide water and nutrient retention and improve drainage and aeration
Avoid mixes that are too light, such as straight peat moss, that can’t anchor a plant in a pot and are too acidic for most houseplants
Avoid mixes that are too heavy, such as sterilized topsoil, that will have no drainage and that are too dense for most houseplants
So when you go to the garden center or nursery, read the ingredients label. It will tell you the proportions. Also, never hesitate to ask the sales person if you can see what the soil looks like. Be careful of buying a soil that you are not first able to see and feel in your hand, as you have no guarantees that it is the correct soil.
The nurseries often already have one of each bag open so you can see what you are buying.
Specialty Mixes
If you do plan to grow something special, other than general foliage houseplants then, yes, you will need a specialized soil mix.
- African violets
- Orchids and Bromeliads
- Cacti and Succulents
These are the types of plant that usually need something special, and we are lucky that there are bagged soils made up just for these.
Repotting
The best compliment a plant can give you, is that it has outgrown its container! That means it is super happy and growing so well that it needs to be given a bigger, better home.
Ideally you will repot a plant before it gets root-bound, but let’s be honest; most of us wait too long. Not a problem; we can always fix it.
Telltale Signs of a Root-bound Plant
- The pot has been filled with roots and there is very little soil left
- Because there is very little soil left when you water, it goes right through and drains out, nothing is retained
- The plant wilts within a day or two of watering, because with very little soil, no moisture is retained
- The roots are growing out of the drainage holes
- The roots are cracking the pot
- The plant is top heavy or way too big for the size of the container
To determine the above, sometimes you will need to gently pop the plant out of its container and take a look at the roots.
Repotting (step by step)
- If you want to keep the plant the same size, take the plant out of its pot, and slice off about 1 inch all the way around the root ball. Also prune some of the top growth so there is less to support while the roots are smaller. Plant it back into its pot.
- If you are going to put it in a bigger container, choose one that is only about 1 or 2 inches larger in diameter (see picture to right). You don’t want to get too big a container, because the pot will hold more soil and more water than the plant can use, which can lead to rot.
- Water the plant well a few hours before repotting
- Take the plant out of its pot, knock off the old soil, if there is any, and tease out the roots and unwind circling roots and cut off any that look rotted or that need to be pruned back
- If the plant is totally root-bound, make cuts from the top to the bottom of the root ball
- Put some potting mix into the new pot
- Center the plant and plant it at a depth of ½ inch from the top of the pot
- Plant it no deeper than the top of the root ball. If you plant it too deep, it will rot, and too high, it will dry out
- Tamp the soil down as you work
- Finish filling in
- Allow to stand for 30 minutes
- Empty any residue water from the saucer
In a few weeks, give it some fertilizer and you’re done!
Stems, Leaves and Flowers
Stems support the plant, and they transport water, minerals and food to the leaves, and flowers, but they can also help manufacture food. In some plants the stem forms as a rhizome and can help store food during dormant periods. This is why good stem health is a must.
The leaves make the food with photosynthesis, but they also perform respiration and transpiration of gases and water vapor. This is important and why you need to wash your plants leaves once in a while. It not only makes the plant look better but helps it breathe and manufacture food more efficiently.
Lastly, flowers are the reproductive organs, and many plants can flower indoors, but sometimes it can take a little different fertilizer to help the plant do this. Producing flowers can take an enormous amount of energy from a plant. Also we need to remember, this plant is being grown outside of its natural, native environment, so you might need to give it a little extra specialized food.
Your Growing Environment
Because you spend a lot of time there, you know your house or office environmental fluctuations better than anyone, so before you buy a plant, pay attention to a plant’s origin. What are the ideal growing conditions it needs, and what are the areas of your space that matches them as closely as possible?
Your ability to give the proper growing requirements is so important to your success. You will only be disappointed if you keep trying to grow plants in the wrong spot.
So now is the time to ask yourself some questions:
- What are the strengths and weaknesses of my space?
- Do I have lots of open room, or more nooks and crannies?
- What is the light like throughout the day?
- Is my space always dark or does it have bright indirect light?
- Do some areas get more heat because they are located near a heating vent?
- Do some areas get colder because they are near windows or air conditioner vents?
- Is the temperature going to fluctuate a lot near doors or drafty areas?
- Is there little to no air circulation?
- Do some areas get more foot traffic?
With the above in mind, let’s take a closer look at growing environments and then see what we can do to match plants to your actual growing conditions.
Temperature
Most of our houses and offices have a year-round average temperature of 60 to 75 degrees F (16 – 24 C). This is generally OK for houseplants, although most plants like it when they are a bit cooler at night by at least 5 degrees F (.15 C). For instance, some plants like orchids or flowering plants need a 10 degree (13 C) drop at night to trigger flowering.
So pay attention to the microclimates inside your home that can change with the seasons and the weather. Some plants might be in the perfect location in the summer, but need to be moved in the winter, and even though indoor temperatures are more stable than outdoors, they still do vary, not only from season to season, but from room to room.
Keep in mind that cool air sinks, so temperatures nearer the floor will be cooler than up on a table. Also on the opposite side of that, hot air rises, so the top of bookshelves might be cooking hot.
Air Circulation
Most plants require some air circulation to do well. Air movement helps remove moisture from the leaves, so it prevents disease, and good air flow also helps keep insects from getting established. You can always increase air circulation by opening windows, or turning on a ceiling fan, or a small fan.
Humidity
Think about it. So many plants are tropical. Obviously not cacti, but a majority of houseplants like a certain amount of humidity to do well. Humidity can be higher in the summer, but air-conditioning can lower humidity quite radically, and humidity that is already lower in the winter gets even lower and dryer with the heating turned on.
Keep in mind, most houseplants are from tropical or subtropical habitats with 80% humidity. Then we stick them in a house that averages 35% to 65% humidity, which can get even dryer depending upon the time of year and the plant’s location in your home.
Most plants can adapt and do well around 50% humidity, but low humidity will just get worse if you let the soil stay too dry, or if the location is drafty or in hot sun. Now you have compounded the problem.
The easiest way to increase humidity is to group plants together. While this can reduce some air circulation, it does increase the humidity around each plant.
List of Plants (Listed by areas)
Cool – Bright Light – Bedroom
- Cyclamen (Cyclamen persicum)
- Ivy (Fatshedera lizei)
- Fuchsia (Fuchsia hybrid)
- Pink Jasmine (Jasminum polyanthum)
- Prayer Plant (Maranta leuconeura)
- Geranium (Pelargonium)
- African Violet (Saintpaulia)
- Peace Lily (Spathipyllum)
Cool – Sunny – Room
- Asparagus Fern (Asparagus densiflorus)
- Cactus
- Christmas cactus
- Clivia (Clivia miniata)
- English Ivy (Hedera helix)
- Swedish Ivy (Plectranthus australis)
Cool – Moderate Light – Entryway
- Japanese Aralia (Fatsia japonica)
- Spider Plant (Chlorophytum comosum)
- Umbrella Plant (Cyperus alternifolius)
- Chinese Evergreen (Aglaonema)
- Cast-Iron Plant (Aspidistra)
- Kangaroo Vine (Cissus antarctica)
- English Ivy (Hedera helix)
- Wandering Jew (Tradescantia fluminensis)
Cool – Dark – Room
- Cast-Iron Plant (Aspidistra)
- Chinese Evergreen (Aglaonema)
- Dracaena
- Snake Plant (Sansevieria)
- Philodendron
- Pothos (Epipremnum)
Warm – Bright Light – Steamy – Bathroom
- Cape Primrose (Streptocarpus)
- Coleus
- Croton (Codiaeum variegatum)
- Ferns
- Rose of China (Hibiscus rosasinensis)
- Maidenhair Fern (Adiantum)
- Bird’s Nest Fern (Asplenium nidus)
- Peacock Plant (Calathea)
- Parlor Palm (Chamaedorea)
- Kangaroo Vine (Cissus antarctica)
- Umbrella Plant (Cyperus alternifolius)
- Golden Pothos (Epipremnum)
- Creeping Fig (Ficus pumila)
- Prayer Plant (Maranta leuconeura)
- Boston Fern (Nephrolepis)
- Peperomia
- Philodendron
Warm – Sunny – Room
- Bromeliads
- Cactus
- Citrus
- Crown-of-thorns (Euphorbia)
- Grape Ivy (Hedera)
- Wax Plant (Hoya carnosa)
- Jade Plant (Crassula)
- Nerve Plant (Fittonia verschaffeltii)
- Ponytail Plant (Beaucarnea recurvata)
- Fig (Ficus)
The amount of light a plant receives is the most important thing to think about when deciding where to put plants in your home or office. Plants need light for photosynthesis, which as we all know, produces the chlorophyll or food to live on, and it also stimulates hormone production for flowering.
It’s easy to think that just sunlight alone is it, but plants are affected by light in so many ways.
- The amount of light (its intensity)
- The color of light (its quality)
- How long it lasts (its duration)
- The direction it comes from (phototropism) are the top things to think about.
Phototropism occurs when plants grow toward a light source. Indoor plants bend toward a window or light source, so it is important to periodically turn your plants in order for them to grow evenly.
Since light is very important, today we are going to take a closer look, and see how it affects plants.
Light Requirements
Light Intensity
Contrary to what you may hear, yes, there are plants that can take very little light. But that doesn’t mean NO light at all!
A plant has to have enough light to give it energy to live and do its thing. So how do we know how much is enough? Try something like use a simple “shadow test” to see how much light my plants are getting. Use your hand and see how sharp a shadow it casts.
- A sharp, hard shadow = Bright Intense Light
- A soft, semi-hard shadow = Medium Light
- A light, very soft shadow = Low light
That’s it! Pretty easy isn’t it?
Instead of worrying about foot candles and south facing windows or north facing windows, just put your hand out and see how intense the light is throughout the day in certain areas. It will give you a pretty accurate idea.
Light Duration
Most houseplants need 8 to 16 hours of light every day. If new growth is spindly and pale and is stretching toward the light source, your plant is not getting enough light, so move it to a place that is a bit brighter. If the plant tends to be yellowing or kind of white looking, the plant is getting too much light, so move it someplace a bit darker.
If, for some reason, your house or office is super dark, you may have to augment the amount of natural lighting you have with supplemental lighting. Best is to just stick with the plants that best match your environment.
Light Quality
The best source of light is natural sunlight, because it has the greatest color range from the spectrum and the best intensity. Plants like light in the blue/violet range and the red range of the light spectrum. They are not too concerned about the green or yellow wavelengths of light. The blue light produces nice, dark, green foliage, while the red stimulates flowering.
This is important to know if your space doesn’t get enough natural sunlight and you need to get some supplemental lighting. Remember, sometimes you only need to turn your supplemental lights on for a few hours a day. It depends upon what you are trying to achieve. Generally it’s just enough extra light to keep your plants healthy, so don’t think you have to have these lights on all day long.
- Incandescent – Not too good
These are regular light bulbs. They are not good for supplemental lighting, because they are too hot and can burn the foliage if placed too closely, and they only give out red-orange light, which is too narrow a spectrum for plants. - Halogen – Not too good
These produce a better quality of light, but it is very narrow in its spectrum, and again they produce too much heat to be placed near foliage without burning it. - Fluorescent – Better
These are good to use because they give a cool, bright light, so you can have your plants nearby without having to worry about burning. You could use both a cool white tube (which have a blue range), and a warm white tube (which have a red range). Using both gives you a wide enough spectrum that is good enough to meet most plant’s needs. The better choice, however, is to use full-spectrum fluorescent grow lights. These put out about 90% of the sun’s range of color. The drawback is they can be more expensive, but they last a long time. You need to place your plants fairly close to them to receive the benefits. - High-Intensity – Best
These are the best supplemental lighting you can use. They work well in large areas and produce a lot of extra lighting. They are easier to use and do a great job. There are three types of High Intensity Lights you can buy:
- Metal halide
These lamps give a good full spectrum, but with more concentration of the blue/violet range. You can get enhanced spectrum halide lamps which give off more red light, or even a lamp whose light is complete enough to grow fruit and vegetables. - High-pressure sodium
This one is best for flowering plants because it gives off more red-orange light - Low-pressure sodium
These are used only for commercial use, but I wanted to mention them so you know they are around
All supplemental lighting loses its effectiveness over time, so you will have to replace bulbs at least once a year. Between natural and supplemental lighting, however, you will easily be able to meet the plants’ daily requirement of 8 to 16 hours of light.
Buying Houseplants
These days you can buy houseplants just about anywhere. Even drug stores have parking lot and lobby displays of houseplants. As a general rule, if you really want quality, you are better off shopping for plants at a garden center or nursery.
The plants receive better care while they are waiting to be bought, there is usually a wider selection, and they have more reliable plant material, because the owners want you to have a successful outcome and come back to shop again.
Garden centers and nurseries are very responsible for what they sell, unlike supermarkets that have a “truckload sale” going and really don’t care about what happens after you make your purchase.
So set yourself up for success from the start and buy from a quality source.
Before you buy anything, however, you may want to consider one thing that can make a houseplant display truly stunning, and that is a point of view or basic design.
Do you have a specific point of view or design theme to your space? Is it modern, formal, informal? For instance, if you have a southwestern feel to your house or office, and your environment can support them, different kinds of cacti and succulents might be a better choice, because they help support the design you have going.
A more formal household might look better with plants with neat, tight growth habits, like dracaena, topiaries, snake plants (Sansiveria), and jade plants (Crassula). A more informal house or office might look better with loose trailing plants, like ivy, geranium, pothos or asparagus fern.
The Purchase
- When buying plants, try to pick a plant that looks robust and healthy and is the correct size for its container. You want to avoid plants that are too big (top heavy) or too small (undersized) for their containers, because you want to avoid root bound plants (too big) or plants that don’t have enough roots to do well (too small).
- The foliage should be full and bushy and have few or no brown-edged leaves, leaves with spots or holes, and they should have no signs of having been trimmed on new growth. The foliage should not have big gaps between the new leaves, because that is a good sign it has been in a crowded space for too long, or hasn’t had enough light and is stretching.
- The leaves should be nice and clean, not dirty or dusty. Look for any signs of disease or pest infestation like curled, yellowed, or distorted leaves, or leaves with holes or chew marks. Look for pests, or signs of pests like sticky honeydew, dark sooty mold (aphids, scale or mealybug), or signs of fine spider webbing on the foliage (spider mites). Overall, look for any obvious lack of vigor.
- Pick the container up and see if there are any roots growing out of the drainage holes of the pot. Any roots coming out is a sign that is root bound and needs to be repotted.
- Test the soil surface with your finger. The soil should be just moist, not water-sodden or bone-dry. The soil should not have any algae, slime, or dry white chalky crust or powder on the soil surface. All these are indicators of improper watering, and the plant is already stressed and not a good buy.
- Flowering plants should have lots of developing buds, but not too many fully open flowers. This will give you a longer lasting bloom when you get your plant home. If the flowers are all open, they are just about done, and you won’t get as big a bang for your buck.
- Lastly, never hesitate to ask a knowledgeable sales person (assuming you are buying in a garden center or nursery) if you have a question about the health or growth habit of a particular plant if you are just not sure.
Watering Techniques
Plants will always take more water when humidity is low. Think about when your skin feels dry, you usually need a drink, and so do plants. In the cooler, shorter days however, when plants are not growing as actively, they will usually need less water.
But the major question always is, “When do I water?”
First of all, look at your plant. A plant that has the right amount of water looks healthy. The plant tissues are firm and the leaves are nice and glossy. This is how your plants should look all the time, but we all get busy, and sometimes we don’t remember to check.
The good news is that most plants will show some signs of stress before it goes into complete wilt, so pay attention. Have the leaves lost their shine? Do the leaves show signs of flagging (the plant looking limp) or pale? If so, check the soil, because oddly enough, overwatering can give you some of the same symptoms as underwatering so you need to determine which it is!
There are two things you can do to check for moisture content.
- Pick up the Pot – How Heavy is the Container?
If the plant isn’t too big, pick the container up. How does it feel? If it is as light as air, then you need to water. If the pot feels full and a little heavy, that means the soil has some moisture in it, and you probably don’t need to water. - Check the Moisture with your Fingers
To supplement the “picking up test” dig your finger down into the soil to the depth of your first or second knuckle. If the plant needs moist soil, the surface should be damp. If the plant needs to dry out a little bit between waterings, the top inch or two of soil can be dry, but if it’s dry below that point, you need to water.
Try not to ever let a plant completely dry out. If a plant is showing signs of wilting because of dry soil, water immediately because you don’t want the plant to go into a full wilt. A full wilt will cause permanent damage to the roots, and most plants have a hard time ever recovering fully.
It may look better and perk up after you water but it doesn’t always grow the same again.
Different Ways to Water
- Top Watering
This is what most people do, they just water plants from the top until water comes out of the drainage holes. You keep doing this until the soil has absorbed enough moisture and is hydrated again. Letting the water run out also helps leach any salts from fertilizers or softened water from the soil.
The problem is that if the soil is too dry, the water will just run down the sides of the pot and won’t be absorbed by the soil. If that is happening, try bottom watering.
- Bottom Watering
If the soil has gotten so dry the it’s starting to pull away from the sides of the pot, or you have a plant like an African Violet that shouldn’t get its leaves wet, put the pot in a saucer or shallow sink full of room-temperature water. Let it sit there for 30 minutes, then take it out and let the container drain.
When you top water, sometimes the water can just run down the sides of the pot, and it doesn’t always soak all the way through the root ball, but with bottom watering it as wicked up, and there is no question that everything is moist.
The important thing is that no matter which method you use, make sure that the plant is NOT sitting in a saucer full of water when you are done. If any excess water drains out over the next 15 to 20 minutes after watering, make sure you empty the saucer!
Watering When You’re Away
Great, you’ve now figured out how to water everything perfectly, but you have to leave! The best trick to keep your plants happy while you are away, and this is temporary, you can’t do this forever, is to get a capillary mat. Soak the matting really well, and set the plants on it. The plants will draw up moisture as they need it.
Again, this is good for a long weekend, maybe up to a week or so, but this is not a long term solution.
Self-Watering Containers
Stay way from these. If you have plant material that can tolerate being moist all the time, these can work. But they way they are designed, to have water in the bottom of the pot all the time, is not good for most plants that need to dry out a bit between watering.
Chas Everitt Westrand Office
Tell: 011 472 2200
Website: www.everitt-westrand.co.za
Explanation on early termination penalty
Any bond holder intending to sell or cancel their home loan should take heed of the following information.
When the home loan is granted the normal period that the client will take to repay the bond is 20 years and the prevailing bond rate at that time will apply. The Usury Act permits a bond holder to make payments in addition to the stipulated monthly instalment at any time.
However, should the bond holder wish to pay the full outstanding balance of the loan in one amount prior to the due date (the bond has to be in the books of the bank for 3 years), the following provisions will apply:
- The bond holder is required to give the bank 90 days notice in writing of the date the payment will be made.
- The notice may not be given before the expiry of a period of 90 days from the date when the loan was registered.
- The act clearly stipulates that the bank has the right to have an account on their books for a minimum period of 180 days from inception i.e. 90 days have to lapse after registration of the bond and then 90 days notice, which should be furnished to cancel the bond within the 3 year period.
This allows the bank to recoup some of their origination costs as a result of the potential interest income that will be lost. It takes anything up to 3 years before a loan becomes profitable to the bank.
The early termination fee is not a penalty imposed by the bank, but a recovery of interest income, which is specifically provided for in legislation.
Accounts to which early termination would apply:
- When a bond is cancelled within the first 3 years after registration with effect from 1 October 2001.
- All home loans with a fixed or capped interest rate agreement.
This allows the bank to recoup some of their origination costs as a result of the potential interest income that will be lost. It takes anything up to 3 years before a loan becomes profitable to the bank.
Process to determine finance charges debited to your home loan account:
- 90 Days interest is calculated on the outstanding balance at day of notice.
- The provisional figure is added to the outstanding balance together with other allowances such as insurance/assurance and admin fees, etc.
- On final cancellation, the unexpired portion of 90 days interest will be charged and debited to the bond account, and will be due by the bond holder.
Refund of early termination interest charged:
- Should the customer take out a new bond with the bank within 6 months of settling the previous home loan account, the client needs to advise the cancellation department of the new account number.
- The refund will not be considered until the new bond is registered.
To avoid early termination – give 90 days notice!
This information may be valuable to investors as they often buy off-plan and sell on once the project is completed, which means they have not paid a single bond repayment and penalty interest will apply. So, take heed of the above information to avoid these costs, or make sure you factor the cost into your new sale price.
Please note: This information may vary from bank to bank and it is recommended that you check the rules with your bond consultant.
Riki Scruton
General Manager
Chas Everitt International Property GroupSandton & Northern Johannesburg
Mobile: +27 (0) 82 558 5086
Tel: +27 (0) 11 463 2033
Fax: +27 (0) 11 463 2036
Understanding The Difference:
Between The Attorneys Trust Account And Investment Accounts And How The Agent Can Play An Important Roll To Speed Up The Transfer Process
When the Purchaser is requested to pay a deposit into the Attorneys Trust Account, the Purchaser is given the option to invest the money. Why?
The money in the Attorneys Trust Account may accrue interest, this interest in terms of Regulation 8 of the Regulations under the Attorneys Act shall be paid to the Law Society and cannot be paid over to the Purchaser.
The Purchaser is offered the option of having their deposit moved from the Attorney’s Trust into a money market account (an interest bearing account), thus the interest earned can be paid over to the Purchaser. Purchasers are required to sign an indemnity form providing the attorney with the right to invest the money on their behalf. It is important for both agent and purchaser to realise that money cannot be invested on behalf of the Purchaser without a written “consent to invest” form signed by the purchaser. Please call our offices to provide you with an “consent to invest” form. We recommend that you have same as part of your Sale Agreement documents when your Purchaser’s offer is accepted by the Seller. Please explain that interest earned may fluctuate and a rate cannot be guaranteed.
The Banks are not allowed to invest the Purchasers deposit in their money market accounts without the consent form mentioned above and full FICA documentation due to requirements of the FICA Compliance Act. The agent can assist the Purchaser to invest their funds quickly by assisting the attorney in obtaining the Purchasers FICA documentation and have the “consent to invest” form signed when the Purchaser signs the Sale Agreement.
Please do not hesitate to call on our offices to assist you with any enquiries in this regard.
Tel : 011 958 0488
Fax : 086 610 0276
E-mail : info@masiloincjhb.co.za
Amendment of The Financial Centre Intelligence Centre Act
The Financial Centre Intelligence Centre (hereinafter referred to as ”the Centre”) is in the process of enhancing its operating systems in order to optimize its services.
It is now a requirement that due to an upgrade of the Centre’s website, estate agencies (indeed all accountable institutions) to use the following new forms (which forms are available on the website) when a report is being filed:
- Suspicious Transactions Report (hereinafter referred to as “STR”)
- Terrorist Property Report (hereinafter referred to as “:TPR”)
- Cash Threshold Report (hereinafter referred to as “CTR”).
In addition an estate agency is now required to acquire new login credentials from the Centre in order for the estate agency to file reports in terms of the new systems. Please be advised that your existing log on credentials will expire shortly.
You are therefore advised to visit the Centre’s website: www.fic.gov.za in order to acquire new log on credentials and also to advise the Centre of the name and contact details of the compliance officer duly appointed.
Roll-Out of Cash Threshold Reporting Process
From the 1st of December 2010 estate agents will be required to file a CTR with the Centre in order for the Centre to monitor cash transactions which can potentially be identified as proceeds of crime in order for the same to be investigated.
Definition of Cash
Cash is defined as coin and/or paper money and travelers’ cheques.
What is excluded from the Definition of Cash?
Any negotiable instruments, transfer of funds by means of bank cheque, bank draft, electronic funds transfer, wire transfer or other written order that does not involve the physical transfer of cash.
The threshold for reporting is the sum of R25 000, 00 and above. This amount can be made up of a single cost transaction to the value of R25 000, 00 or an aggregation where multiples of smaller amounts would add to the threshold of R25 000, 00.
What is included?
- Any cash payment received by the estate agent exceeding R25 000, 00 will have to be reported
- Where an estate agent pays a client physical cash in excess of the threshold this amount will also have to be reported
- An estate agent will be responsible for reporting cash in excess of R250 000, 00 in the event of the agent receiving cash on behalf of (for instance) a purchaser from a bank or other third parties.
If cash is received into the estate agency’s bank account then the reporting duty is on the estate agent and on the bank as well to report the cash transaction to the Centre.
The reporting duty arises when the agent becomes aware of the cash payment to the value of R25 000, 00 or more, i.e. when the agent physically receives the cash or paid out the cash or it peruses in its bank statement or it receives a bank deposit slip in respect of a cash transaction exceeding R25 000, 00 or more.
Electronic Method
The Centre has developed an electronic process, making use of an internet portal on its website facilitating the filing of a CTR.
Who is required to obtain login credentials?
It is clearly stated that each branch of an estate agency is regarded as a separate accountable institution and is required to acquire separate login credentials from the Centre. For example, if estate agency X has 40 branches throughout the country, then each individual branch will have to acquire separate secure login credentials i.e. 40 different login credentials will have to be acquired.
Should you need any additional information, please do not hesitate to contact the Dykes, van Heerden team or alternatively, you can visit the Centre’s website on www.fic.gov.za.
Published by: Dykes, van Heerden Inc.
Tel: (011) 279-5000
Fax: (011) 955-4799
E-mail: info@dykesvanheerden.co.za
Deeds Office Fees Increase from 01 September 2010
The Deeds Office fees are to increase from 1 September 2010 as set out in the Government Gazette of 27 February (No. 33413 Notice No. R659). These are the fees charged by the Deeds Registry in order to process the actual registration of a Mortgage Bond or Transfer and is levied as a disbursement payable by the Purchaser to the conveyancing attorney who on turn pays it to the Registry. The Deeds Office fees on Transfer and Bonds will be increasing with the exception of Deeds Office fees for Transfer below R150 000,00. The changes will be as follows:
How Are These Fees Changed?
Registration of Transfers |
Prior to 01/09/ 2010 |
After 01/09/2010 |
| Less than R150 000 | R70, 00 | R70, 00 |
| Above R150 000 not exceeding R300 000 | R300, 00 | R350, 00 |
| Above R300 000 not exceeding R500 000 | R400, 00 | R450, 00 |
| Above R500 000 not exceeding R1 000 000 | R500, 00 | R550, 00 |
| Above R1 000 000 not exceeding R2 000 000 | R600, 00 | R650, 00 |
| R2 000 000 not exceeding R3 000 000 | R800, 00 | R850, 00 |
| Above R3 000 000 not exceeding R5 000 000 | R1000, 00 | R1050, 00 |
| Above R5 000 000 | R1200, 00 | R1 250, 00 |
Registration of Mortgage Bond |
Prior to 01/09/2010 |
After 01/09/2010 |
| Less than R150 000 | R260, 00 | R310, 00 |
| Above R150 000 not exceeding R300 000 | R300, 00 | R350, 00 |
| Above R300 000 not exceeding R500 000 | R400, 00 | R450, 00 |
| Above R500 000 not exceeding R1 000 000 | R500, 00 | R550, 00 |
| Above R1 000 000 not exceeding R2 000 000 | R650, 00 | R700, 00 |
| R2 000 000 not exceeding R3 000 000 | R1000, 00 | R1050, 00 |
| Above R5 000 000 | R2000, 00 | R2050, 00 |
Published by Dykes van Heerden
Tel: (011) 279-5000
Fax: (011) 955-4799
E-mail: info@dykesvanheerden.co.za
Public Sector Strike – It Does Effect All
What do the latest public sector strike negotiations mean for us?
Workers who have threatened to strike include customs and immigration officers, police, health care staff and teachers.
Perhaps you have heard of Congress of South African Trade Unions (Cosatu) and its affiliates baulked at public service sector wage offer increase of 7%. The Public Service Ministry said in a statement that it was prepared to increase salaries by 7%, after previously offering 6.5%. Its offer of a monthly housing allowance of R630 remained unchanged. The average wages in the private sector are moving in line with the inflationary and recessionary realities. Unions are demanding an increase of 8.6% – double the current inflation rate – and a housing allowance of R1 000, which would put pressure on the state budget.
Statistics from the central bank show that average monthly wages in the public sector are a whopping 43.6 percent higher than those in the private sector and therefore not in line with inflation nor the recessionary realities. Eskom had offered an 8.5% pay rise and a R1 000 per month housing allowance, but trade unions are seeking a 9% wage rise and a R2 500 allowance. Eskom have advised that the strike will have an impact on their ability to supply power. We all know the serious impact power failures have on our businesses. What about the transport systems, thus causing staff to have problems getting to and from work – again another strain on the private sector.
What does it mean for us, the Sellers, the Purchasers, the Agents and the Attorneys?
Our frustrations will rise – with Government sectors striking we will experience further delays with our transactions. Now not only with council and obtaining rates clearance figures. Other areas are also going to be affected. Think of:
- SARS and the obtaining of transfer duty receipts
- The Deeds Office and the actual registration of our valuable transfers
The effects of the strike are likely to be felt long after the strike is over as well, due to the back log which the strike will cause.
What can We as the Attorneys and Agents do?
We need to make our Sellers and Purchasers aware of how the strike action is and will affect their transfers. That way they will not be frustrated at the wrong parties for the delays experienced. Let’s be pro-active about our deals and more diligent about getting the necessary supporting documents in as early as possible, such as copies of rates accounts and income tax numbers. Let’s get our documents drawn and signed as early as possible – this means having all FICA documentation in – collect as much as possible when signing the Offer to Purchase.
Tel : 011 958 0488
Fax : 086 610 0276
E-mail : info@masiloincjhb.co.za
Rescissions of Judgement – What is it?
“When a debtor does not defend the actions instituted against them (a summons) this results in the court granting a default judgment and the debtor is blacklisted.
So how does the person get “unblacklisted” (the judgment rescinded)? Only by a court order – where the common law requirements and the provisions of the court rules are met and defaults rectified.
You are only entitled to apply for the rescission of Judgment that was granted against you if whoever blacklisted you consents thereto in writing or, failing that you can show that at the time of judgment you were not in willful default and you had a valid and bona fide defense to the action instituted against you.
If you get consent it is a simple matter to set aside judgment – your attorney brings a substantive application to obtain a rescission and the cost is approximately R1500 plus VAT for your attorneys services.
What happens if you don’t or can’t get consent?
You need to show the court that at the time of judgment you were not in willful default and had a valid and bona fide defense to the action instituted against you.
So what is Willful Default?
Before a person can be said to be in willful default, he must have known that action was being brought against him and deliberately ignore and not defend himself because he could not care less about the consequences of not dealing with the matter. PLEASE bear in mind that at present, the rules of the court do not require a summons to be personally served to yourself – it can be given to someone else on your behalf or merely fixed to the address which you declared your domicile address.
So what is a Bona fide defense?
Once you satisfied the court that you were not in willful default in allowing the judgment against you, you must demonstrate to the court a substantial defense. Was the judgment made in error? How? Did you make right with the party who blacklisted you?
In conclusion - A Court has an inherent power to control the procedure and proceedings in its Court thus enabling litigants (the Creditors) to resolve their differences in as speedy and inexpensive a manner as possible. Judgments are there to protect the Creditors against bad Debtors. Therefore a judgment is seldom placed to against a person without just cause. It is the Courts way of bringing a successful conclusion to a dispute between a Creditor and a Debtor. “
Tel : 011 958 0488
Fax : 086 610 0276
E-mail : info@masiloincjhb.co.za
Advantages of Solar Power
Although solar power is a relatively new energy source, it may very easily become the most important energy source of our time and also, the future. The advantages of solar power are far-reaching and below are some of them:
- Solar power is a renewable resource, meaning that we are not in danger of depleting its reserves. Though it may disappear behind clouds momentarily and is unavailable at night, it generally returns in full force.
- The energy and heat from the sun is free. Once solar panels or solar thermal collectors are set up, there are no electrical expenses necessary to power them, meaning no unpleasant bills come the end of the month!
- Solar power is non-polluting. Unlike oil, solar power usage does not emit any greenhouse gases, nor does the acquisition of it harm ecosystems through spills or dredging. This is probably one of the primary advantages of solar power.
- Solar cells require very little maintenance, mostly because there are no moving parts that must be maintained.
- Solar cells can last a lifetime.
- In remote locations, solar power may be a more realistic energy option than running large lengths of electrical wires to connect to a grid.
- Solar power is incredibly versatile. A variety of inventions may be powered by it, including cars, water heaters, fountains, buildings, and satellites.
Overall, it seems that solar power is simply a more harmonious energy resource. To obtain other energy sources, there is a requirement of harvesting fossil fuels, animal matter, or plant matter. This is a great source of energy, not only because it is much healthier for all, but all in all it is also more reliable, not having to stress about black-outs and load shedding and even if we’re not using the energy it provides, the sun will come up again tomorrow and everyday after that.
Along with the advantages of solar power, it is worth remarking upon the disadvantages. These include sunlight not being a readily available resource in some areas of the world. Also, solar cells are still not particularly cheap. Of course, technology for this is improving, and it will continue to improve as the cost of other forms of power increase.
What can they do?
Solar panels can heat your swimming pool, your geyser, and in certain cases, depending on your annual energy expenditure, even power your entire house. Solar panel use in an average home will reduce annual energy costs by around 75%, largely paying for the installation, and with energy production that will only decrease generally 25 years after purchase to 80% of its peak level you have many years before replacement will be necessary. (This is referred to as the longevity rating, and there are varying degrees for different manufacturers and types of solar panels.)
Gautrain to boost property prices: Fin24: Personal Finance: Property
Gautrain to boost property prices: Fin24: Personal Finance: Property.
“Johannesburg – The advent of the high-speed Gautrain heralds good news for housing markets along its route. When the train’s first stage between Sandton and the OR Tambo airport begins operating soon, this will be the catalyst for various positive developments on the property front, experts say.”
Vegetable gardens – grow your own – Garden & Outdoor, Lifestyle – Property24.com
Vegetable gardens – grow your own – Garden & Outdoor, Lifestyle – Property24.com.
“Growing your own vegetables is easy to do even if you don’t know much about the subject. Most of them are grown from seed, which is sown in mid-spring. Once the seed has sprouted, practically all that has to be done is to keep each crop clear of weeds, and supplied with adequate water and food. In a few weeks or months, it will be ready for harvesting, to be eaten and shared with family and friends. Once you have tasted your own home-grown vegetables, the need to buy vegetables will come to an end.”
As mentioned, this article offers some fantastic tips on growing your own vegetable garden. Growing your own vegetable garden has tons of advantages to it! By giving this article a read, you will surely be doing yourself and your family a huge favour. It really is as simple as that!




