ZDFin, with a wealth of practical experience in property and property financial management, understands these challenges; our financial product range has been formulated, is and remains tried and tested, to address a range of financial challenges all tailor-made for your scheme.

ZDFin is a specialist finance company providing smart solutions for residential juristic entities, be they Sectional Title Bodies Corporate, Home Owners’ Associations or Share Block companies.

All Community Schemes are affected – these are defined per the Community Ombud Service Act (including non-profit companies & voluntary associations governed by a constitution).

New legislation came into effect in October 2016 and gave some direction to property schemes especially insofar as budgeting is concerned. But the practical reality is that schemes are still challenged in raising adequate reserves to fund large maintenance and capital projects, which may or may not form part of their 10-year maintenance plans.

Rising levels of indebtedness, exacerbated by a weak economy, are also compromising the ability of schemes. Their financial wellbeing is under threat and often funds ring-fenced as reserves – as per legislative directive – are utilized out of necessity to fund administrative shortfalls.