Property regulator says do BEE or close down your business

Tens of thousands of estate agents, property developers, property administrators, landlords, direct property sellers, auctioneers, property advertisers, and other “property practitioners” have been told to do BEE or stop operating. On 13 March 2024, the Property Practitioners Regulatory Authority (PPRA) announced that it plans to refuse to issue or renew Fidelity Fund certificates for businesses […]

Policy radar: BEE compliance a requirement for property practitioners

On 19 September 2019, President Cyril Ramaphosa signed into effect the Draft Property Practitioners Bill. This bill replaces the former Estate Agency Affairs Act (112 of 1976, as amended) and gives us greater insight into the future turns, the recipe, if you will, in the application of black economic empowerment (BEE) on highly regulated professions […]