ABOUT US
Why We Exist!
Driving Transformation in the South African Property Sector
WHO ARE WE
Our Story
The South African Institute of Black Property Practitioners (SAIBPP) plays a crucial role in promoting transformation, investment, and opportunities within the South African property sector. Established to address the historical imbalances and challenges faced by black property practitioners, SAIBPP aims to create an inclusive environment that fosters diversity and equity in property ownership, development, and management.
WHY WE EXIST
Our Goal
We exist to address the profound and persistent imbalances that continue to plague the property industry in our country. Nearly three decades after the fall of apartheid, the legacy of racial discrimination and exclusion remains stubbornly entrenched in the South African economy and particularly the property industry.
We are committed to spearheading a new era of change and inclusion in the property industry. We call on the government, the private sector, and all South Africans to join us in the transformation of the property sector.
HOW WE ARE FUNDED
Empowering Transformation In Property
Esteemed Supporters of Equity and Inclusion, The South African Institute of Black Property Practitioners (SAIBPP) stands as the champion of transformation in the property sector. Despite legislative progress, the industry remains stubbornly unequal. Black-owned firms face immense barriers to access finance, secure contracts, and advance.
Your support – through memberships, events, and donations – powers our vital work. Join us in advocating for policy reforms, investing in skills, and fostering industry collaborations.
Together, we can build a more inclusive, representative property sector that reflects the diversity of South Africa.
Be part of this transformative mission. Become a member, sponsor an event, or make a donation today. Your contribution, no matter the size, can drive the change we all need.
ABOUT US
Our Mission
Ensuring 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.
PILLAR ONE
Legislative Reform: BBBEE 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.
PILLAR TWO
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 the 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.
PILLAR THREE
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.
PILLAR FOUR
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.
PILLAR FIVE
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.
