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.

At the end of the day, schemes have to carry out both routine and planned maintenance and costs spiral out of control, which leads to the erosion of value for owners.

ZDFin has a wealth of practical experience in property and financial management. We understand these challenges. Our financial products address a range of challenges and can be tailor-made for your scheme.