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Huge housing scheme for SowetoMembers of Parliament were told on Wednesday that a major housing development is being planned for an area west of Soweto which will consist of 25,000 housing units. By Michael Hamlyn, I-Net BridgeCapital 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.Overpricing your home? Here's how to spot the signsWhile it is possible to correct the mistake if the home is overpriced, the best strategy is to get the listing price right from the very start.