To ensure that patterns of ownership, control and participation in the South African property sector are demographically representative. To be drivers of inclusive growth and broad-based participation in the property sector and the built environment
According to the 2018 Property Sector Charter Council (PSCC) State of Transformation Report there is very little progress on the implementation of B-BBE in the property sector in both private companies and government (state) entities. In terms of the same report only 12% of procurement spend in the sector went to majority black-owned (51%+) companies and a meagre 5% to black women-owned companies. Representation of black people in executive management structures in the sector continues to be unacceptably low with black executive directors and senior managers...$0.00 donated
To change patterns of property ownership, urgent reforms are required in the financial services sector, particularly in the form of lending policy reforms. Black people, black developers, and black-owned property businesses continue to be discriminated against and systematically undermined by disproportionate application of lending rules that seek to marginalize, instead of deliberately promoting and enabling participation in the property sector. One of the results of these skewed lending practices is higher interest rates applied to black people many of whom are first-time homeowners...$0.00 donated
Municipalities, local authorities, and provincial government are responsible for the allocation of land rights and for spatial planning. The erstwhile South African government under the Apartheid regime used these powers effectively to design racially and segregated settlements to displace and dispossess Black people of their rights to land and ownership of land and economically prioritise formerly white areas. This was achieved by: geographically segregating races and denying business rights and ownership rights to Black areas thus hampering economic development in those areas...$0.00 donated
The total South African land mass nearly equates to 123-million hectares. By 2013, land reform/ restitution programmes had seen only 7.95-million hectares transferred to black people. A 2017 government land audit report puts 47% of land as privately owned by non-black owners and classified 9% communal together with 7% individual privately owned and 8% unaccounted land as “black-owned”. All together 21% of land is accounted for as owned by the state, by way of various government organs. According to a 2017 report by the country’s Surveyor General...$0.00 donated
Within the commercial property sector, 6 million hectares of commercially developed and zoned privately-owned urban land are attributed to ownership by Black people. This accounts for an equivalent of nearly 5% of the country’s total land mass. According to the Johannesburg Stock Exchange (JSE) reports that indicate ownership patterns of publicly listed companies, less than 10% of Real Estate Investment Trusts (REITs) are black originated funds, and approximately 3% of these listed funds are directly held by Black people or majority-owned Black enterprises...$0.00 donated
Some of the success stories
The South African Institute of Black Property Practitioners hosted its 2023 Annual Convention from the 2nd- 3rd of August. The main theme of the event was: Transformation In Action (See It, Touch It, Feel It). At the heart of the conference was increasing access to opportunity and access to finance to unlock real value for black property practitioners. While South Africa has a plethora of transformation policies, such as B-BBEEE, the Property Sector Charter and various other affirmative action policies…
SAIBPP University Chapter
Driving youth participation in the sectorThe first SAIBPP University-based chapter was established at Wits University in 2017. There are now 4 University-based chapters at various institutions with a collective membership of over 1500 students. Through the student chapters, we are able to drive youth participation in the property sector, provide mentorships, internships, and vac-work opportunities, and provide career guidance to young aspiring property professionals.
The SAIBPP UCT Property Entrepreneurship ProgrammeSince the first intake in 2018, the SAIBPP | UCT Property Entrepreneurship Programme has graduated 55 aspiring entrepreneurs. The PEP aims to provide existing property practitioners and aspiring property entrepreneurs with the necessary theoretical & practical foundations to be able to start & manage sustainable property development or investment business. The course is certified by UCT school of Construction & Economic Management and delivered by Divercity Property Solutions
SAIBPP Bursary Programme
The SAIBPP bursary programme was founded in 2013 and has to date, disbursed over R3m of bursary funding for tuition and accommodation to students in need pursuing property-related studies.
“Black people continue to be significantly under-represented in the ownership of property, whilst administrative and financial constraints restrict the ability of black people to participate in the property market”
2017 State of Transformation Report: Property Sector Charter Council
The SAIBPP100 inaugural publication is a revolutionary move that features and profiles the leading black captains of industry in the property sector, covering their road to success and achievement and providing an opportunity to celebrate those who have led the way towards an inclusive and transformed property and built environment sector.