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Transformation in property conference

30 Oct 2014

On 6 November, the South African Institute of Black Property Practitioners (SAIBPP) will hold a one-day conference at the Turbine Hall in Newtown, Johannesburg, to look at issues of transformation in the property sector over the past 20 years since democracy.

On 6 November, the South African Institute of Black Property Practitioners (SAIBPP) will hold a one-day conference at the Turbine Hall in Newtown, Johannesburg, to look at issues of transformation in the property sector over the past 20 years since democracy.

Members of SAIBPP, which represents black property professionals and owners, as well as other property organisations, are expected to attend the conference. The theme of the conference is “property transformation 20 years after democracy”.

SAIBPP president, Thomas Matlala, says that a transformed property sector is beneficial for the country as a whole.

“Transformation is imperative. It leads to job creation. It leads to money staying in the country, which affects South Africa’s balance of payments positively. It also leads to skills development. It’s good for our country’s economy and stability,” he says.

Pareto CEO, Marius Muller, says he views the conference as offering the property industry a chance to openly discuss its contribution to the overall transformation of the country, given the sensitivity and legacy of property ownership in South Africa.

Crucially, the upcoming conference offers the industry an opportunity to address the looming deadline to align the Property Sector Transformation Charter with the Department of Trade and Industry (DTI) revised Broad-Based Black Economic Empowerment (B-BBEE) Act and Codes.

“With the new codes, there’s a great opportunity to relook at how the property sector achieves BEE, and ensure it is done in a sustainable way. In general, the sector has made slow transformation progress. After 20 years of democracy, we should be seeing more change. There’s more that we can do and want to do better,” says Muller.

The first BEE Codes were introduced in 2007, after which the Property Sector Transformation Charter was separately legislated, but, following a review, the South African government revised the BEE codes in October 2013. The sector has until the end of April 2015 to ensure its charter is compliant with the new codes.

The big change in the revised codes is the adherence to a minimum score in three areas: ownership, skills development, and enterprise and supply development. A business must score a minimum of 40 percent of their target in the each of these areas, or it will drop a BEE level.

Public Works Minister, Thulas Nxesi, will be the keynote speaker at the SAIBPP conference. He will highlight where government spends money and update the industry on his department’s lease issues and policy.

Also scheduled to attend the conference are ANC Gauteng chairman and parliament’s appropriation committee chairman, Paul Mashatile. He will give insight on how government allocates spending. Other dignitaries who will speak at the conference are minister of Small Business, Lindiwe Zulu, secretary general of Black Business Council, Xolani Qubeka, JHI managing director, Nomzamo Hadebe and SAPOA president, Amelia Beattie are also among the speakers at the conference.

All in all, the conference is expected to give impetus to transformation.

For more information about the SAIBPP conference, or to arrange interviews with speakers,contact Thabang Mokopanele via email.

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