Latest news with #R16
Daily Maverick
5 days ago
- Business
- Daily Maverick
Why Everyone's Talking About The Marlow on Mill: Newlands' Most Exciting New Address
A new icon is rising in Cape Town's Southern Suburbs. The Marlow on Mill brings together architectural excellence, contemporary urban living, and a smart investment opportunity, all in one landmark development. Developed by Eris Property Group, designed by TwoFiveFive Architects, and brought to the market by Pam Golding Properties, The Marlow on Mill is poised to become an iconic address. Set in the heart of Newlands, Cape Town, it offers 281 beautifully designed apartments and an exclusive penthouse. What you need to know: Studios, deluxe studios, 1, 2 & 3 bedroom apartments for sale One ultra-luxurious penthouse Priced from R1,72 – R16 million Table Mountain and Hottentots Holland Mountain views Rooftop deck, pool, restaurant, gym & more Short-term rental friendly Ample secure parking Pet friendly 21 Mill Street, Newlands, Cape Town Sales launch online: 6 August 2025 at 1pm Find out more at Architectural Excellence With Everyday Comfort The Marlow on Mill is an architectural masterpiece. ' This is a building that feels alive – not only with its rich textures and playful patterns, but quite literally so, sitting above a lively public space, ' say TwoFiveFive Architects. ' Each unit offers something a little different, with a variety of balcony sizes to suit different lifestyles. ' Many of the terraces open up to iconic Table Mountain views, making life at The Marlow as scenic as it is considered. The studios and deluxe studios are perfect for investors looking to generate rental income, with specific layouts tailored for both short and long-term stays. With Propr appointed as the short-term rental operator and Weylandts furniture packs available, everything is in place for an effortless and successful short-term rental setup. Buyers can also choose from a variety of one, two and three-bedroom apartment layouts, with select units including parking bays and a storeroom. For studios and deluxe studios, parking bays are available for purchase at R150,000 incl. VAT. At the pinnacle of this collection is the exquisite 242m² R16 million penthouse, the only one of its kind at The Marlow. It features three generously sized en-suite bedrooms and expansive open plan living areas that seamlessly flow onto the beautiful wrap-around terrace with a plunge pool and sweeping views of Table Mountain. Included are two storerooms and four secure single parking bays, ensuring convenience matches prestige. Browse the various apartment types online. A Smart Investment Opportunity For investors, The Marlow on Mill presents an opportunity to secure a high-performance asset in a sought-after residential market. With prices starting at R1,72 million, buyers can take advantage of Cape Town's strong capital growth, historically averaging 7.1% per annum over the last 10 years (as per StatsSA). The short-term letting operator, Propr, will turn your purchase into a fully hands-off investment with hassle-free hosting by their experienced team. Owners will also get to make use of their apartment with their flexible personal-use service. What's more, the Section 13sex tax scheme enables any taxpayer who owns five or more new, residential rental units (do not all have to be from the same development), to claim up to 55% of the purchase price as a tax deduction over 20 years. With high rental demand in the area, particularly for secure, luxury apartments, The Marlow represents a sound long-term investment. Early buyers will also benefit from a R100,000 launch discount — a compelling incentive to secure a unit on launch day on 6 August 2025. Find out more online. Unique Lifestyle Amenities Residents of The Marlow will enjoy access to an impressive array of on-site amenities that cater to both relaxation and convenience. The exclusive rooftop entertainment deck offers breathtaking panoramic views of Table Mountain, a sparkling pool, undercover lounging and shaded seating areas, gas braais, and a serviced bar. It's the perfect setting for sunset sessions and social gatherings. At ground level, the public landscaped urban spaces offer a peaceful escape and a place to bring your furry friend for a stroll. A restaurant brings everyday convenience right to your doorstep, while additional features in the building, including a gym, laundry facilities, 24/7 security, concierge service, secure parking, and cleaning services by Propr, are all designed to make life at The Marlow comfortable and enjoyable. Prime Location in Newlands Positioned on Mill Street, The Marlow enjoys one of Cape Town's most desirable addresses. Newlands is known for its blend of natural beauty and vibrant urban energy. Residents will be just minutes from iconic landmarks such as Newlands Cricket Ground, Newlands Forest, Cavendish Square, and Kirstenbosch Botanical Gardens. Artisanal cafés, world-class dining options, the University of Cape Town, Varsity College, and top schools are all within easy reach. This unbeatable location combines leafy suburban charm with excellent connectivity to the Claremont Business District and the Cape Town CBD and surrounds, making it ideal for both homeowners and investors. Online Sales Launch The sales launch for The Marlow will take place entirely online, allowing buyers to secure their chosen apartment from anywhere. Units will be sold on a first-come, first-served basis from 6 August at 1 pm, with a reservation fee of R10,000 required to lock in your preferred apartment. To prepare for launch day, buyers are encouraged to create their secure profile, shortlist their favourite apartments, and get pre-qualified through a partnered bond originator, BetterBond. The Marlow on Mill offers the perfect blend of location, design, lifestyle, and value. Discover more about The Marlow on Mill and sign up and view the price list online. DM
The Citizen
6 days ago
- The Citizen
Tanzanian man and Burundian man arrested in R54.3m drug bust
Some of the drugs were found hidden in the roof of the raided house. Two foreign nationals are facing drug trafficking charges following a major intelligence-led operation in Goodwood that resulted in the seizure of narcotics worth R54.3 million on Sunday afternoon. Members of Operation Restore executed a search warrant at a residence on Molteno Street at approximately 13:45 on Sunday,13 July 2025, leading to the discovery of substantial quantities of heroin and crystal methamphetamine, also known as Tik, hidden throughout the property. Initial drug discovery leads to arrests The operation began when officers searched the premises and made their first significant find in a bedroom cupboard. 'During the search, the members discovered and seized 6kg of heroin, which was found in a cupboard in one of the rooms,' said Police spokesperson Lieutenant Colonel Malcolm Pojie. Pojie said the occupant of the room, a 32-year-old Tanzanian national, was immediately arrested and charged with dealing in heroin. The seized drugs carried an estimated street value of almost R1 million. Officers then expanded their search to another bedroom, where they uncovered an additional 100 grams of heroin valued at approximately R16 000. 'The member extended the search to another bedroom where they found 100 grams of heroin with an estimated value of about R16 000.00, which led to the arrest of a 28-year-old Burundi national for the possession of drugs,' said Pojie. ALSO READ: Hawks officials accused of theft at Dragon City released on R3 000 bail Major drugs found in the roof The investigation took a dramatic turn when members received additional intelligence while processing the suspects. 'The members expanded the search, leading to the discovery of 145kg of Tik and 16kg of heroin found in the roof of the residence,' Pojie stated. This substantial cache significantly increased the total value of the seizure. 'The estimated street value is R53,3 million, bringing the total value of the discovery to R54.3million,' Pojie stated. ALSO READ: Here is how long you could spend in jail for drug trafficking in SA Court appearance and investigation Both suspects are scheduled to appear in the Goodwood Magistrates' Court on Tuesday, 15 July 2025, to face their respective charges. The investigation is being conducted by the Narcotics Section, which operates within the provincial Organised Crime Unit detectives, Pojie confirmed. 'Investigation in this matter is conducted by Narcotics Section located within the provincial Organised Crime Unit detectives.' The success of the operation drew praise from senior police leadership. Western Cape provincial commissioner Lieutenant General Thembisile Patekile commended the members for their dedication in efforts to rid the Western Cape streets of the scourge of drug abuse and trafficking. READ NEXT: Five arrested in Jeffrey's Bay for possession of abalone worth R250 000
IOL News
6 days ago
- IOL News
Massive drug bust: Police seize R54. 3 million worth of heroin and tik in Goodwood
The heroin and tik seized during the raid at a home in Goodwood. Image: SAPS Two foreign nationals are expected to appear in the Goodwood Magistrate's Court on Tuesday after police seized a total of R54.3 million worth of drugs. The Western Cape police spokesperson, Lieutenant Colonel Malcolm Pojie, said the bust comes after an intelligence-driven operation in the area. 'At approximately 1.45pm, members attached to Operation Restore operationalised information which led them to a residence situated at Molteno Street in Goodwood where they initiated a search of the premises. During the search, the members discovered and seized 6kg of heroin, which was found in a cupboard in one of the rooms,' Pojie said. A 32-year-old Tanzanian national who was an occupant of the room was arrested and charged for dealing in heroin with an estimated street value go about R1 million. As police officers extended the search to another bedroom, they found more heroin. 'Officers found 100 grams of heroin with an estimated value of R16,000. This led to the arrest of a 28-year-old Burundi national for the possession of drugs,' Pojie said. He said the officers continued to search the home and came across more contraband. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad loading 'The members expanded the search, leading to the discovery of 145kg of tik and 16kg of heroin found in the roof of the residence. The estimated street value is R53.3 million, bringing the total value of the discovery to R54.3million,' Pojie said. He said the investigation in this matter is being conducted by the narcotics section located within the Provincial Organised Crime Unit detectives. Western Cape Police Commissioner Lieutenant General (Adv) Thembisile Patekile welcomed the arrests and praised the members for their efforts to rid the streets of the scourge of drug abuse and trafficking. IOL
TimesLIVE
6 days ago
- TimesLIVE
Heroin and tik worth about R54m seized at Cape Town home
A police raid that uncovered 6kg of heroin in a bedroom cupboard turned into a major drug bust when officers found more than 150kg of narcotics stashed in the roof of a house in Goodwood, Cape Town. Police received information and descended on the property in Molteno Street on Sunday. 'During the search members discovered and seized 6kg of heroin found in a cupboard in one room. The occupant of the room, a 32 year-old Tanzanian national, was arrested and charged for dealing in heroin with an estimated street value of almost R1m,' said police spokesperson Lt Col Malcolm Pojie. Another 100g of heroin, worth about R16,000, was found in a second bedroom, leading to the arrest of a 28-year-old Burundi national. 'While processing the suspects, the members received information about more drugs hidden at the residence. The members expanded the search, leading to the discovery of 145kg of tik and 16kg of heroin in the roof . The estimated street value is R53.3m, bringing the total value of the discovery to R54.3m,' said Pojie. The suspects are due to appear in the Goodwood magistrate's court on Tuesday.
IOL News
6 days ago
- Business
- IOL News
Understanding South Africa's 2025 tax season: key filing dates and tips
Your complete guide to filing your tax and all your related questions answered! Image: Pixabay Tax season is officially in full swing. While some have already been selected for auto assessment, others will have to wait a little longer. IOL has put together a guide to help you and answer any questions you may have. This year's tax filing season officially kicked off in July, with auto assessments running from 7 – 20 July. For non-provisional taxpayers who were not auto-assessed, they will be able to submit and file their income tax returns between 21 July – 20 October 2025. Read more here - Brace yourselves, SARS is sliding into your inbox – Tax season starts now! Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ How to file your tax return The South African Revenue Service (SARS) explained that taxpayers are required to submit a tax return so that SARS can calculate their tax liability based on the income they declare and the tax-deductible expenses they have incurred for a year of assessment. SARS added that in some cases, after completing the assessment, a refund may be due to the taxpayer. SARS has also simplified its processes. Read more here - Tax Season | How to effortlessly file your SARS return in 20 minutes If you qualify for exemption but submit a tax return anyway and make an error, you could delay any possible refunds or even receive penalties for incorrect filing. Image: Motshwari Mofokeng, Independent Newspapers. What if I don't file? SARS explained that taxpayers who do not receive notifications from SARS that they are automatically assessed are encouraged to submit their tax returns in a timely and accurate manner from July 21. Failing to file, even when no tax is owed, can lead to administrative penalties of up to R250 to R16,000 per month for each return outstanding. "In more severe cases, persistent non-compliance may result in criminal charges, including prosecution for tax evasion. Importantly, SARS uses advanced data-matching systems and international reporting standards to detect undeclared income, so assuming you're not "under the Radar" is a risky gamble," Tax Consulting South Africa said. Read more here - Tax Season | The real price of not filing your tax return in South Africa Watch out for scams SARS has warned of scams during the filing season. "The taxpayers in the auto assessment category do not have to do anything if they are satisfied with the calculation on their tax returns. "If the taxpayer thinks that SARS has not captured all the necessary information, they are free to make changes on their tax returns and submit the missing information through eFiling by October 20," the revenue said. Read more here - If you get scammed we can't give you back your money, SARS tells taxpayers IOL
