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Springs remains property hot spotWith vacant land available for development, coupled with convenient accessibility to major routes across the East Rand, the burgeoning area of Springs in Gauteng is rapidly becoming increasingly popular among property developers and home buyers.Springs upgrades its imageLong stigmatized as a mining town populated mostly by lower and middle income residents, the East Rand town of Springs is fast taking its place as a sought-after residential area – by multi-million rand as well as entry level buyers.Capital gains tax in South Africa: What you need to know In South Africa, Capital Gains Tax (CGT) applies to the disposal of various types of assets, including immovable property.