Neighbourhood 1 SEPTEMBER 2019
PROPERTY & LIFESTYLE
Trees & tranquillity Peaceful, well kept, easy access to everywhere and everything important... no wonder Rietondale & Riviera are such sought-after neighbourhoods, page 2 2
SUBURB FOCUS: RIETONDALE & RIVIERA
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PROPERTY NEWS
1 SEPTEMBER 2019
Neighbourhood
Suburb focus
Rietondale & Riviera Lying in a belt with the picturesque Meintjieskop as backdrop, the suburbs of Rietondale and Riviera in Pretoria’s Moot are particularly sought-after for their unruffled atmosphere and central location WORDS: BETSIE LOOCK-VAN DER MERWE
R
ietondale and Riviera form part of a group of Pretoria suburbs collectively called the Moot. This area is located just north of Pretoria’s city centre stretching up to the southern foothills of the Magaliesberg. Riviera and Rietondale are two neighbouring suburbs forming the southernmost part of the Moot. They are nestled on the northern slopes of Meintjieskop, a hill which is part of the Witwatersberg Ridge and runs east-west through Pretoria, behind the Union Buildings. Many properties in Riviera and Rietondale thus offer beautiful vistas over the tranquil, tree-filled streets of the Moot. These suburbs are sought-after neighbourhoods to live in, not only for their peaceful character and well-kept look and feel, but with their superb location close to the city centre, on bus routes and within short distance of the N1 and N4 highways, getting around is easy. Both neighbourhoods are older, wellestablished suburbs offering almost instant access to infrastructure and amenities like good schools, hospitals and medical facilities, churches, shopping centres and businesses, as well as a police station. The area is home to many green spaces including Rietondale Park and lush natural surroundings like Pierneef Ridge. The Moot is also well-known for its close-knit, friendly and familyoriented community of residents.
Property Located a stone’s throw from the University of Pretoria’s medical school, Steve Biko Academic Hospital and a few nursing colleges, Riviera is especially popular with medical students. Young working individuals also find the suburb’s location close to employers like Tshwane District Hospital, Netcare Femina Hospital and several public service departments convenient. The real estate market in Riviera caters to these needs and mostly comprises apartments ranging from compact bachelor’s units of around
35m2 to comfortable-sized twobedroom flats with asking prices from around R400,000 to R1m. Rietondale, on the other hand, is located closer to other residential suburbs and the N1 highway, and properties in the market here mostly comprise comfortable freestanding family homes and large townhouses in security complexes. Houses include traditional golden oldies with large wooded gardens as well as perfectly renovated and modernised homes with the price tag ranging between R1,5m and R2,5m. Several king-sized properties, which can be utilised as guesthouses or other businesses, are also in the market in Rietondale.
Schools Riviera Primary School is the oldest school in this neighbourhood. The school was established in 1907 and boasts an interesting and proud history of endurance and growth throughout the years including during several times of war. The neighbouring Rietondale Primary School was founded in the post war era in 1947. Both these schools are reputable achieving public schools on the front doors of residents of Riviera and Rietondale. Laerskool Pierneef and Laerskool Villieria are both public schools located in the neighbouring Moot suburb of Villieria while Laerskool Totiusdal is just next door in Waverley.
Explore One of the remarkable recreational attractions in Rietondale is the large, well-kept public Rietondale Park. This park boasts sports fields suitable for hockey, baseball and soccer games and has walking paths and a kids’ playground in the shade of lovely tall trees. One often sees residents walking their dogs, which are allowed on leashes in the park, and just enjoying some outdoor family time in their own neighbourhood. The Moot area is known for its lively arts and culture life and lots of antique and vintage shops. Pierneefteater is an intimate performing arts theatre situated a few blocks from Rietondale and is renowned for presenting enjoyable music and theatre performances. Another hidden gem in Rietondale is Lucit Restaurant and Theatre. This romantic venue is highly rated for its delicious food and good wine and also hosts music concerts, art exhibitions and theatre productions. Antique and vintage lovers and bookworms will enjoy Antique Route 6 Pretoria. This established route winds through the Moot and leads to a great selection of lovely antique shops. Remember to break for a nice cuppa at one of the cosy coffee shops and make sure not to miss Portchie Gallery, Gift Shop and Tea Garden in Rietfontein. This is the place to feast your eyes and feed your arty heart and hungry stomach.
Rietondale Secondary School was founded in 1937 already but has for many decades been known as Hoërskool Hendrik Verwoerd. This multi-cultural school’s name was recently, after many years of debate and learner participation, changed to Rietondale Secondary School. The well-known Hoër Tegniese Skool John Vorster is located in the neighbouring Villieria, while other nearby public high schools include Hoërskool Oos-Moot in Waverley, Wonderboom High School in Wonderboom South, and Clapham High in Queenswood. EDITORIAL TEAM:
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1 SEPTEMBER 2019
Monthly bond repayments For a typical property in this area You’ll pay
R19,300 per month
PROPERTY NEWS
3
For sale in Rietondale Median asking price
R2m
For a typical property (four-bedroom house)
R982,500
COMPLEX
Neighbourhood
5%
In a complex
95%
Based on
My children grew up here, they were schooled here, and they always return to visit. Many years later my husband and I still enjoy living in this neighbourhood. We’re close to everything we need, and our co-residents are always there to lend a friendly, helping hand.
R2,2m For a house
HOUSE
R2m median asking price
over a period of 20 years at 10% prime
WELMIE VAN DER WALT, RESIDENT
VARISTY LODGE
COFFEE ON 18TH
EAT
For a typical property in this area You’ll pay
R4,536 per month
Median asking price
R470,000
For a typical property (one-bedroom apartment)
R1,047,500 In a complex
APARTMENT
Monthly bond repayments
For sale in Riviera
COMPLEX
• La Pentola: Mediterranean fine dining • Ristorante La Cantina: Italian restaurant • 1892 Sinkhuis Restaurant: traditional boerekos and local meeting place • Toni’s Fish & Chips Company: best hake in town • Coffee on 18th Restaurant: homemade cakes and freshly brewed coffee
STAY • Maison de Leo: luxury guesthouse and boutique venue • Rietondale Lodge: three-star lodge overlooking Riviera Park • Dee’s BnB, Riviera: homely bed and breakfast • Dejavu Guesthouse: four-star accommodation, Provencal style • Oppiehoek Guesthouse: comfortable bed-and-breakfast accommodation
SHOP • Queens Corner, Queenswood: just next door • Rietfontein Pavillion Centre: local and convenient • Jakaranda Centre: comprehensive shopping centre • Waverley Plaza: lots of shops • Riviera Gallery: close to home
10%
46%
Based on
median asking price
over a period of 20 years at 10% prime
R480,000
44%
For an apartment
R1,835m For a house
HOUSE
R470,000
LIL'BRARY
THE FIC AND ESTATE AGENTS WHO IS THE FIC
The Financial Intelligence Centre (FIC) is the administrator of the Financial Intelligence Centre Act, 2001, which is central to South Africa’s legislative framework on anti-money laundering, countering the financing of terrorism and combating the proliferation of weapons of mass destruction. The FIC is the country’s national centre for gathering and analysing information disclosed to it. In doing so, the FIC assists in identifying funds generated from unlawful acts, combating money laundering and terrorist financing. To help towards fulfilling this mandate, obligations are imposed on certain business sectors deemed vulnerable to money laundering and terrorist financing, such as banks, attorneys, and estate agents. Part of the obligations imposed on these sectors, known as accountable institutions, is for them to register with the FIC, and to submit regulatory reports to the FIC. Using the information and data submitted by these sectors, the FIC develops financial intelligence, which is requested or referred to competent authorities such as the South African Police Service, the National Prosecuting Authority, the Asset Forfeiture Unit and others including the South African Revenue Service, the Public Protector and supervisory bodies. This financial intelligence is used by domestic and foreign partners in their investigations, prosecutions and other follow up actions. As the FIC is reliant on timeous and quality information from accountable institutions, it is important that the sectors provide accurate, quality data and information to the FIC.
MONEY LAUNDERING
Money laundering refers to the concealing or disguising of the nature, source, location, disposing or movement of the proceeds of unlawful activities such as drug trafficking, human trafficking, proceeds derived from a fraudulent act or any other criminal activity that would have generated illegitimate monies.
have been identified as being at risk of being abused by money launderers. The estate agency sector has also been used as a vehicle to hide funds and to help criminals introduce their proceeds into the financial system.
Potentially, criminals can use the property sector to hide or clean large amounts of money in single transactions. The purchase of any type of property for a The primary intention of money launlarge sum of money, for example, may dering is to transform illicit monies into legitimate funds by introducing it into the not raise too many alarm bells. Estate agents can therefore become easy financial system i.e. changing money targets for criminals wanting to use from ‘dirty’ to ‘clean’. them to launder their illicit funds. To acquire their criminal proceeds, individuals may conduct a wide range of offences from petty to more serious crimes. The proceeds are integrated into the financial system through various means including the purchase of high-end goods such as property, motor vehicles, art, shell companies and so on. When successfully laundered, criminals are able to have full control over their money in the financial system and they are able to continue criminal activities with near impunity.
THE FIC ACT AND ESTATE AGENTS
These seven compliane obligtions are:
Record keeping Client identification and verification
Risk management and compliance programme
Apply risk-based approach
Compliance officer
Given that estate agents are familiar with their clients’ behaviour and habits, as experts in this industry estate agents Reporting Training of are best suited to identify when their employees clients’ behaviour is suspicious or unusual. Estate agents, like all accountable Registration with the FIC institutions, are required to fulfil certain Why should I submit reports to the obligations to achieve compliance with FIC? the FIC Act. A fundamental measure to minimize the risk of money laundering is for estate Compliance obligations that estate agents to submit regulatory reports to agents must fulfil within their busithe FIC. As a necessity, estate agents ness: The diagram depicts the FIC Act obliga- need to increase their understanding tions which apply to estate agents as an and awareness of their reporting obligations as well as remain alert to accountable institution: what needs to be reported
Estate agents, as defined in the Estate Agency Affairs Act, 1976 (Act 112 of 1976), are listed as accountable institutions on Schedule 1 of the FIC Act. Sectors included on Schedule 1,
FIC_Estate business day Article 1_V2.indd 1
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The primary regulatory reporting areas are: Cash threshold report (on cash transactions of R24 999.99 and above), Suspicious and unusual report (on transactions that are suspicious or do not make business sense) and Terrorist property report (where the institution holds or on behalf of someone holds property which may be associated with terrorism). It is important to remember, reports can only be submitted by estate agents who are registered with the FIC.
TARGETED FINANCIAL SANCTIONS
Targeted financial sanctions and estate agents Estate agents must remember that it Since April this year, the FIC has put in is prohibited to acquire, collect or use place measures to effect sanctions and of the property of a person or an entity resolutions imposed by the United Nawhose names appear in the sanctions tions Security Council (UNSC). notices. This implies therefore, that they The measures are intended to assist in may not transact or process transactions combating the financing of terrorism and for a sanctioned person or entity. The the proliferation of weapons of mass only exception to this general prohibition destruction. South Africa has implement- is in specific instances where the Mined these measures, as it is a member ister of Finance has permitted certain of the UNSC and of the Financial Action financial services or dealings with propTask Force erty as discussed below. To assist estate agents with implementation of the UNSC measures, the FIC has on its website a targeted financial sanction list containing all persons and entities identified by the UN. Updated regularly, the persons and entities list remain effective indefinitely, unless withdrawn.
The reporting obligation typically arises during day to day business. Suspicious and unusual transactions can be identified by assessing the client and/or transaction against money laundering indicators. Estate agents must acquaint themselves with some of the possible indicators of illicit financial activity. These The Minister of Finance publishes a may include: notice in the government gazette on the adoption of UNSC Resolutions, while • Source of income not matching the FIC Director publishes notices on client’s occupation persons or entities subject to sanctions • Attempts to conceal identity of indimeasures as per the sanctions list. viduals involved in the transaction by using nominees or fronts Estate agents are required to identify • Purchasing an income property to whether they have a sanctioned person allow legitimate rental income to be or entity as a client. They may draw the co-mingled with criminal revenue and attention of the sanctioned person or • Abusing property related compaentity to the notices published by the nies such as property development Minister of Finance and the FIC’s or construction companies These Director, in the government gazette. companies would then purchase properties, financed in part by bonds provided by other shell companies established by the launderer.
With the FIC’s targeted financial sanctions list in place, estate agents are required to screen their new and existing clients against this list. Furthermore, the process for this screening must be contained in the estate agents RMCP. Estate agents and all accountable institutions may also subscribe to the FIC to receive alerts when any changes on the list are made. Should an estate agent discover that they have a client on the targeted financial sanctions list, they are required not to transact with the individual or entity. The estate agent is required to submit a terrorist property report (TPR), should they identify property in their possession or under their control, which is owned or controlled or on behalf of a person or an entity identified in the sanctions list.
Penalties for non-compliance with these obligations can include administrative sanctions and criminal prosecution. This may amount to a maximum of 15 years in prison or a fine not exceeding R100 million. Penalties depend on the contravention and the severity of the offence. Compliance with the FIC Act makes it more difficult for criminals to hide their illicit proceeds in the formal financial sector. Further information to assist estate agents on what to look out for as indicators of potential criminality is available on the FIC website www.fic.gov.za.
FIC_Estate business day Article 1_V2.indd 2
2019/08/23 15:19:55
PRIVATE HOUSE SALE –R5.5 MILLION Stunning Fully Furnished Lock-Up and Go Holiday Home Located on ‘The Farm’ eco-friendly gated and secure estate - Shelly Beach – KZN • Fully furnished and fully equipped 260 square metre modern 3 bedroom, 3 bathroom (two en-suite) home, with sunroom and commercial treadmill overlooking two of the Farm dams with unrestricted views down the “green belt” Farm valley to the ocean. Fibre optic internet access installed, fully alarmed with tactical security back up. • Some of the furnishings include a 75 inch wall mounted Samsung Full HD Smart TV, Sony surround sound Theatre system, 6 seater leather lounge suite with 5 recliners, inclusive of a 2 seater Home theatre unit, ultra-modern 6 seater dining room set with glass top table, exquisite glass centre piece coffee table, kitchen with gas hob island, complete with built in eye level oven and microwave and separate double sink scullery. • A 64 square metre dream entertainment deck (all weather with 3 drop down canvas window blinds) inclusive of pool/snooker slate top table, dart board, built in feature braai, music system with external speakers, adjacent 5 x 3 metre year-round heated swimming pool with Jacuzzi seated area and under water night light. • The open plan lounge and kitchen area has 14 metres of glass stacker doors leading onto the entertainment deck, which gives a very open and bright aspect to the home with beautiful views to the ocean over two of the dams with an abundance of varied bird and wild life. The Farm estate has seven bass stocked fishing dams (catch & release)
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Neighbourhood
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stneighbourhood.co.za | 1 SEPTEMBER 2019
Your Home, Our Core Business
www.appleproperty.co.za | 012 348 0123
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COLBYN SOLE MANDATE
R2 050 000
FAERIE GLEN
R1 400 000
THE HILLS - GAME RESERVE ESTATE
R3 895 000
NEWLANDS SOLE MANDATE
R1 190 000
IMMACULATE 3 BEDROOM PRIME PROPERTY
AFFORDABLE RETIREMENT - GROUND FLOOR!
SUPERB ARCHITECT DESIGNED PROPERTY
EXCELLENT LOCATION! EXCELLENT BUY!
A perfect family house with open-plan living areas, farm style kitchen that walks out to court yard, 3 bedrs, 2 bathrs - MES! Flat with a 1 bedr, kitchen & bathr. 2 garages & braai area. Much more!
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Sunny & bright apartment. This units offers 2 bedrs 1 bathr, openplan kitchen & lounge. Situated in the upmarket retirement village of Kingswood. 24 hr home care with 10 meals included in levy.
WEB REF: AP 8551 LIZELLE DU PLOOY - 084 608 3962
NEWLANDS
R1 500 000
WEB REF: AP 13659 LOUISE PEARSON - 083 306 6875
NEWLANDS SOLE MANDATE
WEB REF: AP 13210
MAGDA - 084 505 7840 & MARISA - 072 204 2822
R2 050 000
NOT TO BE MISSED!
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North-facing 2 bedr, 1 bathr apartment in an upmarket Retirement Village. Spacious living room, open-plan kitchen, enclosed balcony, 24 hr security & excellent facilities such as a gym, hair salon etc.
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NEWLANDS
FROM R725 000
WEB REF: AP 13263 PETRO - 082 551 7990 & ANDRE - 082 930 7386
WATERKLOOF GLEN
R2 900 000
HOUSE WITH OFFICE OR FLATLET Kingswood Village upmarket Retirement Village in an established environment. Only 12 - 1 bedr & 2 bedr units. Kingswood has a fantastic reputation. 10 meals inclusive in the levies. Lots of extras!
This property has a substantial amount to offer - office OR flatlet with own entrance, main house offers 3 bedrs, 2 full renovated bathrs, 3 open-plan living areas, patio, built-in braai & much more!
WEB REF: AP 12798 WEB REF: AP 13882 WEB REF: APD45 WEB REF: AP 12980 PETRO - 082 551 7990 & ANDRE - 082 930 7386 PETRO - 082 551 7990 & ANDRE - 082 930 7386 PETRO - 082 551 7990 & ANDRE - 082 930 7386 BETSIE SUMMERFIELD - 083 488 4748
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CENTURION GOLF ESTATE SOLE MANDATE
R3 780 000
WIERDA PARK
R1 780 000
THE GREAT ESCAPE - GREAT LOCATION!
FAMILY HOME WITH MANICURED GARDEN
Enclosed patio opens onto an outside patio. 3 bedrs - MES, 2.5 bathrs, 3 reception areas, chef's kitchen, study, underfloor heating, fireplaces & more! Own access to walking trail & green belt.
Ample space for the large family, offering spacious living areas, a kitchen has ample cupboards and space for all your appliances. 4 bedrs - 2 are en-suite & a full 3rd bathr. Patio, pool & built-in braai.
WEB REF: AP 12678 MAGDE MEYER - 083 387 3437
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CEO | Director of Apple & Principal Agent
Apple Property Connection launched on the 1st of November 2012 and harbours an exciting and fresh approach in the property industry. Apple Property Connection has developed a whole new breed of real estate professionals.
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