{"id":39128,"date":"2023-12-01T07:19:05","date_gmt":"2023-12-01T07:19:05","guid":{"rendered":"https:\/\/www.africa-press.net\/eswatini\/?p=39128"},"modified":"2023-12-01T04:33:37","modified_gmt":"2023-12-01T04:33:37","slug":"219-deeds-of-transfers-in-3-months","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/eswatini\/all-news\/219-deeds-of-transfers-in-3-months","title":{"rendered":"219 DEEDS OF TRANSFERS IN 3 MONTHS"},"content":{"rendered":"

Africa-Press – Eswatini. <\/strong><\/span>The economic growth in the second quarter was broad based as all sectors in the economy performed positively.<\/b><\/p>\n

One those sectors was the deeds transfer or properties as they increased when compared to those recorded in the first quarter of the year. From July to end of September 2023, a total of 219 deeds of transfers were recorded. This showed an increase from the 175 deeds of transfers recorded in the first quarter of the current financial year. Deeds of transfers refer to the legal document that shows that the owner of property or shares has changed. The stats collected from the Deeds Registrar of Eswatini also indicated that during the quarter under review, the total number of mortgage bonds recorded were 188 from the 185 recorded in the first quarter. On the same period under review deeds of lease declined to 61 while in the first quarter they were 69. However, the amount of revenue collected through stamp duty could not be ascertained by the time of compiling this report. Stamp duty is a tax that is levied on single property purchases or documents. A physical revenue stamp is to be attached to or impressed upon the document to show that stamp duty has been paid before the document becomes legally effective.<\/p>\n

Collected<\/b><\/p>\n

It is worth noting that from January to June 2023, the government collected at least E6 918 689.89 in revenue from transactions related to property transfers in the period January to June 2023. The Deeds Registry for Eswatini, as established under Section 3 of the Deeds Registry Act No. 37\/1968 was up to and until the June 25, 1973 situated in Pretoria, South Africa.<\/p>\n

At its establishment in the country, all matters and records kept in the Pretoria Registry were brought to the country. The Deeds Registry Department fell under the portfolio of the Ministry of Justice and Constitutional Affairs.<\/p>\n

It is now under the Ministry of Natural Resources and Energy. The registry office has a mission to examine all deeds or other documents submitted for execution or registration and, after examination execute or register them as by law permitted. The office also has a duty to take charge of and preserve all the records of the deeds registry in a document processing system that will provide an effective storage and retrieval system as well as maximum safety and security. The other obvious task is to collect revenue for the central government in the form of stamp duty, fees of office and search fees.<\/p>\n

For More News And Analysis About Eswatini<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Eswatini. The economic growth in the second quarter was broad based as all sectors in the economy performed positively. One those sectors was the deeds transfer or properties as they increased when compared to those recorded in the first quarter of the year. From July to end of September 2023, a total of […]<\/p>\n","protected":false},"author":84,"featured_media":39127,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,248,249],"class_list":["post-39128","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-eswatini","tag-eswatini"],"yoast_head":"\n219 DEEDS OF TRANSFERS IN 3 MONTHS - Eswatini<\/title>\n<meta name=\"description\" content=\"The economic growth in the second quarter was broad based as all sectors in the economy performed positively. 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