Trouble for estates and complexes in South Africa:
[an extract from an article by: Malcolm Libera – in BUSINESSTECH – 28 October 2024]
Anti-competitive behaviour is becoming a notable concern within estates and completes, and Homeowners Associations (HOAs) are being warned that it harms residents and, in some cases, is outright illegal.
Increasingly, HOAs and property management entities are engaging in exclusive deals that limit residents’ choices, particularly regarding essential services like internet connectivity and even property sales.
This restrictive trend not only impacts the affordability and quality of services but also touches on the legality of such monopolistic arrangements, with implications for residents and estate managers alike.
The Original, Full article can be viewed here: here → https://businesstech.co.za/news/property/797184/trouble-for-estates-and-complexes-in-south-africa/