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Download the SAIBPP Newsletter 16 April 2024 here. The South African Institute of Black Property Practitioners (SAIBPP) is proud to announce its upcoming Annual Convention, set to take place in KwaZulu Natal on the 26th – 27th of June 2024.   This highly anticipated two-day conference-style event is designed to foster dialogue, showcase opportunities, and facilitate networking within the property sector. The convention will feature a range of engaging activities, including exhibition opportunities, deal rooms, a networking cocktail on Day 1, and a spectacular gala dinner on Day 2. This event will provide attendees with ample opportunities to connect, collaborate, and forge valuable partnerships. At the core of the convention is the aim to spark conversations around “levelling the playing field” in the property sector. By addressing the challenges and disparities that exist, SAIBPP seeks to promote inclusivity, diversity, and equal opportunities for all property practitioners. This gathering of industry professionals will serve as a platform for sharing insights, best practices, and success stories. It will also enable participants to table solutions and discuss the next steps towards achieving a more equitable and thriving property sector in South Africa. The SAIBPP Annual Convention promises to be a landmark event, bringing together leading experts, influential stakeholders, and passionate individuals committed to driving positive change in the property industry. Don’t miss this opportunity to be part of the conversation and contribute to shaping the future of the sector. Mark your calendars and stay tuned for more details on early bird registrations and programme highlights. For ticket enquiries please email info@saibpp.co.za For partnerships or sponsorships services@saibpp.co.za 007 A James Bond Evening – A Resounding Success The President’s Fundraising Dinner held on the 4th of April 2024 was an overwhelming success, leaving attendees with unforgettable memories of a night filled with fun, glamour, and impact. With the theme “007: A James Bond Evening,” the event captured the essence of sophistication and intrigue, transporting guests into the world of the iconic secret agent. One of the highlights of the evening was a highly successful auction, which played a pivotal role in raising funds for the South African Institute of Black Property Practitioners (SAIBPP) Property Academy. The generous contributions made during the auction will enable SAIBPP to continue its important initiatives, including the bursary fund, mentorship programme, and training and skills development initiatives. The proceeds from the auction will directly support the SAIBPP’s efforts to empower aspiring property practitioners through educational opportunities, mentorship, and the acquisition of essential skills. By investing in the next generation of professionals, SAIBPP is actively working towards creating a more diverse and inclusive property sector. The President’s Fundraising Dinner not only provided a platform for fundraising but also served as a celebration of the impact SAIBPP has made in the industry. It brought together like-minded individuals, industry leaders, and supporters who share a common vision of promoting equality and opportunity within the property sector. SAIBPP is grateful for the continued support and looks forward to building upon the success of the President’s Fundraising Dinner. Through collaborative efforts and ongoing initiatives, SAIBPP remains dedicated to creating lasting change and driving positive impact […]

In this exciting new venture, the Property Market Moves Podcast aims to be the voice of the property sector, bringing you insightful discussions, expert interviews, and thought- provoking insights. Our podcast is not just about discussing industry trends; it’s about informing, educating, and inspiring our listeners. With each episode, we will dive deep into various aspects of the property industry, covering topics such as real estate investment strategies, market analysis, sustainable development, technological advancements, skills development, access to funding and much more. We believe that by sharing knowledge and expertise, we can contribute to the growth and success of the property sector. Guests of the show include renowned experts, captains of industry, successful entrepreneurs, and influential figures who have made a significant impact in the property sector. Whether you are a seasoned professional, a budding entrepreneur, or simply curious about the property industry, this podcast is for you. The first episode aired on the 12th of March 2024 with the first guest being the President of SAIBPP Mrs Fundi Mazibuko, this episode delved into the fascinating world of property and set the tone for what’s to come. We look forward to more valuable insights and captivating discussions. Podcast Links: https://podcasters.spotify.com/pod/show/saibpp-property-market-mo/episodes/Episode-1-with-President-Fundi-Mazibuko-e2gvkfs Youtube Video: https://youtu.be/6h_xcXJg2Ps Sustainable Infrastructure Development Symposium South Africa 2024 “Infrastructure is a springboard for job creation, service delivery and economic growth.” – Minister for Public Works and Infrastructure, Hon. Sihle Zikalala   The Sustainable Development Symposium South Africa is currently underway in Century City, Cape Town under the theme “Quality infrastructure for development, recovery and inclusive growth.” This platform has seen critical role-players in the infrastructure investment space galvanised around a key goal of accelerating an infrastructure-led economic recovery plan.   We look forward to seeing the outcomes of this engagement as the symposium ends this afternoon. Some of the highlights of the past two days include the announcement by the Honourable Minister Sihle Zikalala that there has been 113 major active projects since 2020 which attracted a total investment of R2.4 Trillion. R1.3 trillion of this amount has been invested in the energy sector and R517 billion allocated to transport and logistics projects. Minister Zikalala implored attendees to remember the symposium as one that catalysed and mobilized the private sector to invest in public infrastructure projects for the growth and benefit of the country and its people. To follow the outcomes and reports of the symposium kindly visit www.sidssa.org.za SAIBPP in partnership with Dube TradePort Special Economic Zone will award TWO bursaries on the night of the Presidents Fundraising Dinner Dube TradePort Special Economic Zone in partnership with SAIBPP will be sponsoring our bursary competition that aims to award two bursaries on the night of the Presidents Fundraising Dinner to be held on the 4th of April 2024. This competition is open to students studying in any university or institution of higher learning in the Kwa-Zulu Natal province.   The adjudication panel responsible for reviewing the applications will be the Patrons of the Property Academy. These individuals are credible industry leaders who possess extensive knowledge and experience in the property sector. Their expertise ensures a fair and thorough […]

Download the Newsletter here: https://saibpp.co.za/wp-content/uploads/2024/03/saibpp_newsletter.pdf   The South African property sector needs not only financial backing to thrive, but it also needs property sector professionals with cutting edge, globally competitive skills to grow the sector and make it an equitable sector. According to the Department of Higher Education’s 2020 List of Occupations in High demand, South Africa is in dire need of artisans, property managers, building associates, real estate agents and other professionals in the sector. SAIBPP not only aims to have that gap filled, but aims to have it filled intentionally with more black professionals and entrepreneurs, to ensure that the sector represents the demographic of South Africa. Our flagship initiative to facilitate this is our Property Academy, supported by patrons such as the Johannesburg Property Company, Vukile Property Fund and many others! We invite you to participate in our fundraising event for the Property Academy, our 2nd Annual President’s Dinner. We look forward to raising more funds that will go towards capacitating this trailbalzing structure. Join us for a 007 James Bond Evening Empowering Tomorrow’s Property Leaders Today Date: 4 April 2024 Venue: Pharoah Auto Investments, Johannesburg Click here: https://saibpp.glueup.com/event/007-a-james-bond-evening-presidents-dinner-99041/?fbclid=PAAabmtozXzWGkyDY3YRf89Y1KLPXLXu60EXHjkfbdlYshJlBH3wEQD5cgIvA_aem_AdQDP_M_WjxFawNezqlEZgdpOZ7iRjJmQk3RivvqWjFNkt-VftP6eJLjVyaz0vKtZR8    POLICY MATTERS: EXTENSION OF CALLS FOR PUBLIC COMMENT ON THE WHITE PAPER ON HUMAN SETTLEMENTS   The Department of Human Settlements (DHS) invited the public to submit comments on the White Paper on Human Settlements. The DHS published in the Government Gazette no:49895, Vol 702 with the 31st January 2024 as the closing date for the submission of public comments. The DHS has since received further requests from various organisations and individuals for the extension of the closing date for the submission of public comments. As such, the date has been extended to the 15th of March. We encourage all SAIBPP members who have a keen interest in the White Paper to engage our office for the submissions to be considered by the SAIBPP Policy and Advocacy committee. Kindly send all submissions to research@saibpp.co.za or services@saibpp.co.za by the 12th of March 12:30pm.   OPPORTUNITY CORNER: PROPERTY PRACTITIONERS REGULATORY AUTHORITY NATIONWIDE INCUBATOR PROGRAMME REFERENCE NUMBER: SMME 14/24/03 The Property Practitioners Regulatory Authority (PPRA) hereby invites expressions of interest from currently licensed property practitioners who wish to be part of the SMME incubation or initiative programme. Click on the link below to access the application forms: https://theppra.org.za/tenders2 Applications are now open via email and the closing date for submissions is 30 March 2024.

We are excited to announce the beginning of a strategic partnership aimed at supporting our transformation initiatives. In this collaboration, both organizations have agreed to work together towards common goals and objectives to drive impactful change through the leveraging of collective expertise and resources. Download the Newsletter here. Within this partnership, tangible programs will be housed inside our Learning and Growth Hub, serving as the focal point for innovative and impactful initiatives. The Hub will serve as a dynamic space where knowledge sharing, skill development, and growth opportunities will be facilitated to support the transformation journey of both CETA and SAIBPP.   The signing of the MOU marks the beginning of a strategic alliance that is poised to make a significant impact on the creation of a skilled and credible property sector, leading to sustainable growth and success in the future.   PROPERTY ACADEMY PATRONS BREAKFAST The Patrons of the Property Academy were hosted for breakfast to discuss and bring to life the vision of the Learning and Growth hub, this was a delightful and productive session.     The gathering provided a platform for insightful conversations, brainstorming sessions, and collaboration towards realizing the shared goal of fostering education and development within the property industry. The morning was filled with enthusiasm, innovative ideas, and a sense of camaraderie as like-minded individuals came together to support and advance this important initiative. We are extremely grateful and would like to welcome our patrons; Ms Moira Tlhagale, Mr Solly Mboweni, Mr Itumeleng Mothibeli, Ms Portia Tau Sekati as well as Ms Helen Botes onboard the ship to a transformed property sector. THE REAGA MMOGO CONSTRUCTION EXPO The Gauteng Premier Mr Panyaza Lesufi alongside the MEC of the Department of Human Settlements and Infrastructure Development Mr Lebogang Maile invited us to the Inaugural ReAga Mmogo Construction Expo. Our participation at the construction expo was a fantastic opportunity to showcase the extensive skills development and training opportunities that SAIBPP offers.     Through engaging demonstrations, interactive sessions, and informative displays, we highlighted our commitment to empowering individuals in the construction industry through education and skill-building initiatives. The expo provided a platform to connect with industry professionals, share our expertise, and inspire future talent to pursue rewarding careers in the property space. Our presence underscored SAIBPP’s dedication to nurturing talent and driving innovation in the sector.

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 in the property sector, these have not found expression in the demographic of the property sector. The Convention focused on tangible programmes that will see us fuel action to the transformation agenda. The 2023 Annual Convention was nothing short of groundbreaking and transformative. It solidified SAIBPP’s identity as the voice of transformation. This year’s Convention was also one that saw us usher in a new female President, Mrs Fundi Mazibuko. We believe that through her leadership, SAIBPP will widen its reach and grow in its sustainability.

The South African Institute of Black Property Practitioners (SAIBPP) wishes to welcome the appointment of Hon Paul Mashatile as the new Deputy President of South Africa. We also wish to congratulate Minister Sihle Zikalala and Minister Kgosientsho Ramokgopa on their appointments as the Minister of Public Works and Infrastructure and the Minister of Electricity respectively as these ministries are of critical importance to our members due to the colossal impact of their performance on the property sector. The Department of Public Works is mandated to be the custodian and portfolio manager of national government’s immovable assets. As the custodian of policy formulation, coordination, regulation and oversight relating to the provision of accommodation and expert built environment services to client departments at the national government level, the role of the Department is a key driver of transformation in the industry. The Department is further mandated to coordinate and provide strategic leadership in job creation initiatives through the implementation of the EPWP. Given the scope of work that the Department has, we hope that Hon Sihle Zikala leads the Department with a strong intention of implementing infrastructure led development with black owned property businesses and professionals as the forefront players. We also welcome the creation of an additional Ministry in the Presidency to provide leadership in the wake of an energy crisis. We have stated before that our country is facing one of its most serious challenge of loadshedding. As SAIBPP we will work with the new Minister is finding possible solutions to the current crisis. Dr Kgosientsho Ramokgopa has been entrusted with turning around the biggest crisis ever to beset the country — energy — since the dawn of democracy. On the new Minister’s list of priorities, we encourage him to engage with rising energy costs incurred by property owned businesses. Residential and commercial property owners have had to pay exorbitant amounts for generators and diesel due to persistent loadshedding. As part of his strategy, measures, in addition to the tax rebates for those who own solar panels as announced by the Minister of Finance, must be put in place to restore energy back to the national grid in a way that is cost effective. In addition to the two appointments made in Department of keen interest to SAIBPP, we wish to congratulate the Hon Paul Mashatile on his new appointment as the Deputy President of the Republic of South Africa. We look forward to hosting the Deputy President at our upcoming President’s Fundraising and Networking Masquerade Dinner (scheduled for the 5th of April 2023) as the keynote speaker. Property sector leaders that will be in attendance look forward to hearing his plans and strategies to take the property industry to greater heights. SAIBPP wishes the newly appointed Ministers and Deputy Ministers well on their leadership journey. The hopes of our industry and South Africa at large rest on their strategic leadership and commitment to the development of South Africa’s economy.   END ISSUED BY THE OFFICE OF THE CEO For media related enquiries, contact: Sthandiwe Msomi marketing@saibpp.co.za

The South African Institute of Black Property Practitioners (SAIBPP) notes, with much concern, the plans of the government as announced by the President of the Republic, in the State Of The Nation Address. The property and built environment sector in South Africa continues to serve as the bedrock of the mainstream South African economy. It is a sector that has been largely affected by the prevailing energy crisis, consistent increases in interest rates, fiscal austerity and a lack of investment in skills development for increased participation of previously disadvantaged individuals in the sector. All of which remain insufficiently addressed in the State Of The Nation Address.   ENERGY CRISIS SAIBPP vehemently condemns the rolling blackouts that have become detrimental to South Africa’s daily economic activity. Furthermore, we note with much concern, previous remarks made by the chairperson of the board of Eskom, Mr Mpho Makwenya, on the need to implement stage 2 and 3 of loadshedding for the next 2 years as part of the power utility’s turnaround strategy. The Property Sector and its value chain is a colossal consumer of electricity. Secondary to that, the sector remains as an epitome of a slow level of transformation and inclusion. The rolling blackouts have had impact on black property owned companies in the value chain which is further impacting the advances towards transforming the industry. To add further anarchy to the dire state of our energy security, the approved tariff hike by NERSA of 18,65% for Eskom will contribute to the unaffordability of property (both residential and commercial) for black people in this country. As an organisation that has property ownership at the top of the agenda, we note that without increased wages, increased funding towards SMMEs, fiscal austerity and budget cuts; the rising cost of energy supply further disempowers those who have been previously disadvantaged from access to property by virtue of the economic caste in our country. SAIBPP is not particularly enthusiastic with the proposed solution of creating a Ministry of Electricity to address the energy crisis. We believe the current structure already caters for that oversight with clear terms of reference for accountability and responsibility. The added layer of bureaucracy will add further delays to addressing the matter directly. Eskom has a Board, which is appointed by the shareholder, and is tasked with dealing with all strategic matters to ensure that their current mandate of supplying South African citizens with energy is released. We implore the shareholder to appoint a Board that is competent and equipped with the relevant skills, aptitude and innovation to be able to deal with the complex matters facing Eskom at this point. The Board should be able to act with express authority and be given the latitude to co-opt any person / company that will contribute meaningfully in resolving the crisis and finding a sustainable solution. The Board should further be able to employ or head hunt a competent CEO to lead Eskom through this difficult transition. We call on the Cabinet through the Ministry of Finance, given that the energy crisis is not only impacting our members negatively but has been harsh […]

The South African Institute of Black Property Practitioner’s (SAIBPP) is saddened by the news that Rebosis has resolved to enter into voluntary business rescue. Rebosis was founded by Sisa Ngebulana in 2010 and the company was listed on the JSE in 2011. It was the first black majority owned and managed property fund to be listed and it was hailed as a momentous achievement for transformation in the property landscape. Rebosis has a diversified portfolio across the commercial and retail sectors and includes the Baywest Mall and Hemingways Mall. In a country that is still faced with solving the two most persistent challenges of landlessness amongst the majority population and ever-increasing rampant socio-economic inequality, the news of Rebosis entering a voluntary business rescue dealt a massive blow to transformation. Ownership patterns of publicly listed companies held by Black people remains incredibly low and this news takes the minimal transformation gains made over the years many steps back. It is even more concerning that one of the reasons cited for Rebosis’ financial distress is prolonged delays in rental payments from government tenants. There has been a massive outcry from black landlords whose businesses are also under threat due to the prolonged delays with rental payments. According to SAIBPP president, Sylvester Martin, “SAIBPP is extremely concerned that Government’s apathetic approach will cripple more black owned property businesses and take our transformation initiatives a few steps back, something which we just cannot afford to allow”. It is reported that the financially distressed company has received approval to suspend the trading of its shares on the JSE with immediate effect. The reasons cited for their financial distress included: Increased interest rates and the threat of additional interest rate hikes Increased municipal costs which are not capable of being passed on to tenants Slow uptake on available rental space Delayed rental payments from public sector tenants which include national and provincialgovernment departments and municipalities. With government leases comprising more than 50% of its revenue, it is indeed disappointing to note that the delayed payments are a contributing factor to their financial distress, and the consequence that is now unfolding. On the one hand, Government is adamant that we need to action transformation in the property sector, and on the other hand, it is a contributor to Rebosis’s current state of distress.   The unpalatable increases in municipal costs, interest rate hikes, reduced investor confidence and generally lethargic property market can no longer be ignored. The cumulative knock-on effect is undoubtedly creating an inability to nurture and sustain transformation. This requires immediate and effective intervention by Government and all key stakeholders. Rebosis is hopeful that their plan to address their balance sheet constraints, consider alternative leasing measures to drive tenant uptake, and to increase tenant retention will be incorporated into the business rescue plan. SAIBPP extends its support to Rebosis and is hopeful that with the assistance of an experienced and expert business rescue practitioner, it will be able to restructure its operational model, re-consider key strategies and focus areas and improve its cash flow to ensure sustainability and to retain its position as one of […]

The South African Institute of Black Property Practitioners (SAIBPP) is pleased to announce the appointment of Ms Kululwa Muthwa as its Executive Director, taking over the reins from Vuyiswa Ramokgopa, following a rigorous recruitment process. The Board. on its new strategic vision of repositioning SAIBPP as a National Organization with a key focus on its Advocacy Work, Transformation Agenda and Black Business Development welcomes Ms Muthwa to the SAIBPP Family.  Ms Muthwa is a dynamic and experienced professional with a rich background in the Property and Built Environment Industry. She is former Chief Operations Officer for the City of Joburg Property Company SOC Ltd and has occupied various strategic and executive leadership roles in the industry. Her work experience includes transformation, project management, legal and compliance, strategy formulation and execution as well as communication and stakeholder management. She is also an entrepreneur who has had business interests in retail, project management consulting as well as training and skills development. Ms Muthwa has served as a Non-Executive Director in various boards and, whilst she has been involved in various committees, her expertise and interest lie with Social and Ethics as well as Transformation and Service Delivery. Through the roles she has previously occupied, and impact made, Ms Muthwa has demonstrated leadership acumen and a capacity to drive the strategic vision of SAIBPP.  Ms Muthwa graduated from the University of South Africa [UNISA] with a Master’s Degree in Law [LLM] as well as a Bacallaureus Procurationis Degree [B-Proc] from the University of Transkei. She also holds certificates from various institutions, including, Executive and Management Coaching as well as Property Development Program from the UCT Graduate School of Business and Specialization in Construction Contracts as well as Fellowship Admission [Arbitration] from the Association of Arbitrators Southern Africa. SAIBPP looks forward to growing from strength to strength under the leadership and expertise of Ms Muthwa!   End.   Issued by the South African Institute of Black Property Practitioners  Office of the Executive Director For media enquiries contact:  Sthandiwe Msomi (Marketing and Communications Coordinator)  081 413 5999 Marketing@saibpp.co.za

Nominate Black Property Captains of Industry to join The SAIBPP100  The SAIBPP100 inaugural publication is an exciting new publication that curates, features and profiles the leading black captains of industry in the property sector, covering their road to success and their achievements, providing an opportunity to celebrate those who have led the way towards an inclusive and transformed property and built environment sector. Transforming the property sector in South Africa by empowering black businesses and investing in black leaders is crucial to solving wealth and income inequality in South Africa While the implementation of broad-based black economic empowerment policies have fast-tracked the growth of black owned property entrepreneurs and professionals, all too often, the industry still laments the difficulty in finding talented black professionals and leaders that can be appointed to executive management positions or lead and execute multimillion rand infrastructure projects.  The SAIBPP100 publication has been established as the primary point of reference for the South African property sector to know and celebrate some of its leaders and trailblazers. SAIBPP CEO, Vuyiswa Ramokgopa notes that “The SAIBPP 100 provides an opportunity to showcase the exceptional achievements of black business leaders in the property sector. In order for us to meaningfully and sustainably transform the property and built environment industry we must invest in the development of black leaders.” The SAIBPP100 is the latest publication by the South African Institute of Black Property Practitioners. SAIBPP, which was formed in 1996, is responsible for advocating for and driving transformation in the property sector. Representing 2500 businesspeople, financial institutions, professionals and students in the property sector and built environment, SAIBPP is the leading voice of black business in the property sector.  Calls for nominations of black property leaders and rising stars are now open for the public until the 15th of April 2022. The nomination process will culminate in a prestigious nominees’ gala dinner event that will be attended by the 100 final nominees and key industry leaders.  Kindly submit your nominee’s details through our nomination form.  End. Issued by the South African Institute of Black Property Practitioners  Office of the CEO    For media enquiries contact:  Sthandiwe Msomi (Marketing and Communications Coordinator)  081 413 5999 Marketing@saibpp.co.za   Additional Contact Details: Web: www.saibpp.co.za Twitter: @saibpp FB: SAIBPPSA Instagram: SAIBPP LinkedIn: SAIBPP Property Organisation