You’ll come across the Latin term “per stirpes” often in wills. It’s an important concept, translating literally as “by roots” or “by stock” and telling everyone, in simple terms, that you want your estate to be divided equally between the branches of your family rather than between individuals.
As more and more residential properties are subdivided and developed, an increasing number of homes are effectively cut off from direct access to the nearest public street or road. That’s where the “panhandle” comes into play, a narrow strip of land (looking on diagrams very much like the handle of a pan, hence the name) which gives the needed street access to the “landlocked” property.
Eight of the world’s top ten hottest housing markets are European according to Knight Frank's latest Global House Price Index, which tracks mainstream property values across 55 countries and territories.
The length of the Office for Budget Responsibility’s observation window – the period when it takes a snapshot of the economy to inform its forecasts - came under scrutiny last week. It may sound like a dull technical detail, but it could have real consequences as the Treasury decides which taxes to raise in the Budget.
On a recent roadshow around the country, I asked business audiences about Project Vulindlela. To my surprise, very few had heard of it. That is astonishing but also perturbing: it is South Africa's most significant economic reform initiative since the launch of GEAR in 1996.
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