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Contact information If you would like further information on any item within this brochure, or information on our services please contact: Izak du Plessis Stellenbosch Partner [email protected] Charles Reid Durban Partner [email protected] Gillian Bolton Forensics Director [email protected] Jeff Blackbeard Africa Strategy Advisor [email protected] Preeja Ramjee Forensics Director [email protected] Andrew Pitt Cape Town Partner [email protected] Kobus Wolmarans George Director [email protected] Moore Stephens South Africa (Pty) Ltd T +27 (0)21 685 0088 www.moorestephens.co.za We believe the information contained herein to be correct at going to press, but we cannot accept any responsibility for any loss occasioned to any person as a result of action or refraining from action as a result of any item herein. This brochure is not a substitute for professional advice. Printed and published by Moore Stephens South Africa, a member firm of Moore Stephens International Limited, a worldwide association of independent firms. MSIL and its member firms are legally distinct and separate entities. Moore Stephens South Africa Member Firms are registered to carry on audit work by the South African Institute of Chartered Accountants, authorised and regulated by the Independent Regulatory Board of Auditors. Moore Stephens in SA Moore Stephens South Africa has been operating since 2003 and is part of the Moore Stephens International Network (MSIL). It is one of the world’s major accounting and consulting networks with 271 independent firms and 614 offices in 112 countries throughout the world, incorporating 30,168 people and with fees of more than US$2,908.6 million. Ranked 11th internationally by the International Accounting Bulletin, the firm is fast-growing with a modern, innovative and dynamic approach to the profession. Our objective is to be your first point-of-contact for all of your financial, advisory and compliance needs. We aim to achieve this by providing sensible advice and tailored solutions to help you achieve your commercial and personal goals. We provide an excellent auditing and business financial advisory service, facilitated through solid and accessible relationships with our clients. Moore Stephens Globally Moore Stephens International Limited is a global accountancy and consultancy network with its headquarters in London. Since the founding of Moore Stephens London more than a century ago, Moore Stephens International Limited has grown to be one of the largest international accounting and consulting groups worldwide. You can be confident that we have the resources and capabilities to meet your needs. Managing audits and dealing with multi- jurisdictional tax matters of multi-national operations is the core of our business. The scope of our global client management extends, therefore, beyond the delivery of compliance services to advising on international business structures and tax planning to minimise tax liabilities. www.moorestephens.co.za Long Live Sensible Real Estate & Construction

Real Estate & Construction - Moore Stephens

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Contact informationIf you would like further information on any item within this brochure, or

information on our services please contact:

Izak du [email protected]

Charles [email protected]

Gillian [email protected]

Jeff BlackbeardAfrica Strategy Advisor [email protected]

Preeja [email protected]

Andrew PittCape [email protected]

Kobus Wolmarans [email protected]

Moore Stephens South Africa (Pty) Ltd T +27 (0)21 685 0088www.moorestephens.co.za

We believe the information contained herein to be correct at going to press, but we cannot accept any responsibility for any loss occasioned to any person as a result of action or refraining from action as a result of any item herein. This brochure is not a substitute for professional advice. Printed and published by Moore Stephens South Africa, a member firm of Moore Stephens International Limited, a worldwide association of independent firms. MSIL and its member firms are legally distinct and separate entities. Moore Stephens South Africa Member Firms are registered to carry on audit work by the South African Institute of Chartered Accountants, authorised and regulated by the Independent Regulatory Board of Auditors.

Moore Stephens in SA

Moore Stephens South Africa has been

operating since 2003 and is part of the Moore

Stephens International Network (MSIL). It is one

of the world’s major accounting and consulting

networks with 271 independent firms and 614

offices in 112 countries throughout the world,

incorporating 30,168 people and with fees of

more than US$2,908.6 million.

Ranked 11th internationally by the International

Accounting Bulletin, the firm is fast-growing

with a modern, innovative and dynamic

approach to the profession. Our objective is to

be your first point-of-contact for all of your

financial, advisory and compliance needs. We

aim to achieve this by providing sensible advice

and tailored solutions to help you achieve your

commercial and personal goals.

We provide an excellent auditing and business

financial advisory service, facilitated through

solid and accessible relationships with our

clients.

Moore Stephens Globally

Moore Stephens International Limited is a

global accountancy and consultancy network

with its headquarters in London.

Since the founding of Moore Stephens London

more than a century ago, Moore Stephens

International Limited has grown to be one of

the largest international accounting and

consulting groups worldwide. You can be

confident that we have the resources and

capabilities to meet your needs.

Managing audits and dealing with multi-

jurisdictional tax matters of multi-national

operations is the core of our business. The

scope of our global client management

extends, therefore, beyond the delivery of

compliance services to advising on international

business structures and tax planning to

minimise tax liabilities.

www.moorestephens.co.za Long L i ve Sens ib le

Real Estate & Construction

look beyond loan finance to other sources of funding, and get to grips with the ever-changing landscape of alternative funders and opportunities to claim tax credits and grants.

Construction Services

As you would expect, we provide all of the traditional compliance services, including audit and accounting, corporate and personal tax and payroll services.

Some of our specialist construction services are detailed below:

• Research and development (R&D)

tax relief

• Capital allowances

• VAT

• Corporate finance

• Litigation support

Property Management Services

We offer a wide range of services tailored to meet the needs of landlords, tenants and managing agents, and below are just a few of the areas where we could assist you.

Service charge reviews

We review statements of service charge expenditure and recognise the importance of a flexible, realistic and common sense approach. We agree on timing and fees with you up-front, so that you are in control.

Our experience and flexibility ensure that, whatever your needs, we will provide the right solution. By using staff with specific expertise of property management, we are able to respond quickly to your needs and provide you with a fast turnaround of work.

VAT

We review property management VAT accounting procedures and advise on elections by landlords to waive exemptions, the use of application for payment and sub-lettings by tenants.

Accounting and staff secondments

Our specialist team provides assistance with client statements’reconciliations, client funding reconciliations and the preparation and auditing of financial statements of estate management companies and chartered surveyors.

Additionally, if you find you have a short-term staffing problem, we can provide staff on secondment to solve workload or complex accounting problems.

Information systems

We can assist you in choosing the most suitable software for your needs and help with the implementation.

Non resident-landlord administration

We assist with the preparation of income and expenditure schedules for inclusion in the income tax returns of overseas clients, and provide advice on specific tax property matters.

Prospective tenant financial appraisals

We carry out financial feasibility reviews of prospective tenants and report on their credit worthiness.

Turnover rent reviews

We carry out car park income reviews, mall income reviews and head rent reconciliations on behalf of landlords.

Real Estate & Construction

2 Real Estate & Construction 3Real Estate & Construction

Real Estate & Construction

Our Real Estate & Construction team is made up of business advisers drawn from a variety of disciplines, who provide services to contractors, construction-related suppliers, property investors, commercial and residential developers, real estate consultants, civil engineers, surveyors and architects.

Our in-depth knowledge of the sector means we are best-placed to help you deal with the challenges of running a successful business, particularly when the industry is ever-changing and exposed to a range of risks.

The real estate and construction sector has, historically, been an early indicator in the barometer of economic recovery. However, there is a concern that this indicator’s acceleration will be limited, due to longer than expected development times.

The sector faces many issues from the impact of the skills shortage, to the unsustainable cost of procurement for tenders - where ‘suicidal’ bidding is a regular occurrence that companies with permanent staff and high overheads simply cannot match.

Funding also remains an issue, particularly early in the development cycle. Traditional lenders are still risk-averse, and developers need to

Our Real Estate & Construction team is made up of business advisers drawn from a variety of disciplines, who provide services to contractors, construction-related suppliers, property investors, commercial and residential developers, real estate consultants, civil engineers, surveyors and architects.

Our experience and flexibility ensure that, whatever your needs, we will provide the right solution. By using staff with specific expertise of property management, we are able to

respond quickly to your needs and provide you with a fast turnaround of work.