Johannesburg - On November 6 the South African Institute of Black Property Practitioners (SAIBPP) will hold a conference at the Turbine Hall in Newtown, Johannesburg, to look at issues of transformation in the property sector over the past 20 years since democracy.
Members of SAIBPP, which represents black property professionals, owners and other property organisations are expected to attend the conference.
SAIBPP president Thomas Matlala emphasised that a transformed property sector is beneficial for the country as a whole.
"Transformation is imperative, leads to job creation and to money staying in the country,
which affects South Africa’s balance of payments positively. It also leads to skills development. It’s good for our country’s economy and the stability of our country,” said Matlala.
Pareto CEO Marius Muller agrees. He views the conference as offering the property industry a
chance to openly discuss its contribution to the overall transformation of the country given the sensitivity and legacy of property ownership in South Africa.
The upcoming conference offers the industry an opportunity to address the looming
deadline to align the Property Sector Transformation Charter with the department of trade and industry (DTI) revised Broad Based Black Economic Empowerment (B-BBEE) Act and Codes.
Public Works Minister Thulas Nxesi will be the keynote speaker at the SAIBPP conference. He
will highlight where government spends money and update the industry on his department’s lease issues and policy.
Also scheduled to attend the conference are ANC Gauteng chair and parliament’s appropriation
committee chair Paul Mashatile and Minister of Small Business Lindiwe Zulu, secretary general of the Black Business Council Xolani Qubeka, JHI managing director Nomzamo Hadebe and Sapoa president Amelia Beattie.
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