QUESTION $1(14$ marks, $25$ minutes$)$ Lungile Mabula $($Lungile$)$ a South African resident, $28$ years old and single, inherited land with a house on it valued at R$2500000$ in total, and a cash amount of R$1000000$ from the estate of his late father on $31$ May $2024.$ Lungile built two flats on the inherited land at a total cost of R$800000.$ The construction was completed on $5$ October $2024.$ He then rented out the house and two flats from $1$ November $2024$ on a $12-$month lease period earning a total rental of R$30000$ per month. Lungile incurred the following costs in respect of the properties he is renting out: Costs incurred Date Amount $($R$)$ Building the flats $5$ October $2024800000$ Replacing driveway paving $15$ October $202450000$ Building of additional paved undercover parking spaces $($carports$)$ for tenants $10$ November $2024120000$ Replacing bathroom tiles to reflect the latest Italian style $7$ January $202530000$REQUIRED: MARKS a$)$ Discuss the deductibility of all the expenses Lungile incurred in respect of the properties he is renting out. Refer to relevant case law principles where applicable. b$)$ Lungile wishes to invest the R$1000000$ cash he received from his father$$s deceased estate. Advise Lungile on three possible investments $($two South African, one foreign$)$ that could provide him with investment returns that have available exemptions from tax. Identify and briefly discuss the details of each investment option and the related exemption including any applicable monetary$/$other limitations$.$