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.

    • Legislative Reform – BB-BEE Codes

      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...
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    • Access to Finance

      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...
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    • Spatial Transformation & Inclusionary Development

      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...
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    • Land Reform

      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...
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    • Property Ownership & Entrepreneurship

      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...
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