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Gauteng & Western Cape July auctions In Rosebank, Johannesburg on 24 July properties valued at R190m will go under the hammer, with the Cape Town auction in Newlands on 25 July.Average ER price still under R1mThe East Rand property market is poised for take off, with awareness growing of the appeal of Gautengs most "user-friendly" area. By Eugene BrinkCapital 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.