Property Practitioners forced to do BEE, or close down

On 13 March 2024, South Africa’s property regulator announced that “property practitioners” must do BEE, or close shop.

Sakeliga requests industry support to stop this unconstitutional threat.

What Happened?

On 13 March 2024, the Property Practitioners Regulatory Authority (PPRA) announced that BEE is now a precondition for doing business. “Property practitioners” with less than 40 points on a BEE scorecard will be refused their Fidelity Fund certificate, making it illegal for them to continue operations.

Your freedom to run a property business is at serious risk.

Your freedom to run a property business is at serious risk.

This video: 1 min. Full video: 5 min.

The Problem

The PPRA is committing a vast and unlawful overreach. 

Who is Affected?

This first enforcement drive is aimed mostly at companies. There appears to be some leniency for natural persons or sole proprietors below certain turnover thresholds, but we caution that such exceptions are arbitrary, unreliable for legal purposes, and undoubtedly temporary.

The Solution

To restore a flourishing industry, we must:

Support the mission for free trade in property:

Stay up to date with our action against unlawful BEE demands in the property industry

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