Property agents air grievances

2019-04-04 06:00
The Estate Agency Affairs Board held one of its road shows in Khayelitsha last week.PHOTO: SIYABONGA KALIPA

The Estate Agency Affairs Board held one of its road shows in Khayelitsha last week.PHOTO: SIYABONGA KALIPA

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Black property agents still feel that their line of business is still dominated by white-owned companies.

Last week Thursday the Estate Agency Affairs Board (EAAB) on its countrywide road shows aimed at recruiting the previously disadvantaged individuals made a stop in Khayelitsha.

Zola Mekula of Zolam Properties said the industry is still owned by big white businesses because they know how to manipulate it.

“The white companies still use black people to get business because they would hire a black person to work for them in our townships to steal business from us,” said Mekula.

However, he said the road shows by the EAAB were a good thing for black agents.

“What I think will benefit me from what they said is the fact that if your turnover is less than R5 million you will be exempted in some requirements,” he said.

Chairman of the Black Property Practitioners Association Wiseman Masilu said the meeting was very important for black agents because it addressed the issues they have.

He said they have been fighting to be exempted in some of the things that are required from them. Masilu said they also do not just want to be property agents, but they want to own property companies.

“We want to be recognised as companies not just as agents because we feel only whites are making money in this industry,” he said.

The EAAB said the sector still lacks behind in reflecting the country’s demographics and through the road shows they hope to recruit more individuals and open the sector to all South Africans.

They said through a special resolution they will allow qualifying individuals to apply for exemption from certain compliance requirements as set in the Act.

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