Property regulator says do BEE or close down your business
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Description
Tens of thousands of estate agents, property developers, property administrators, landlords, direct property sellers, auctioneers, property advertisers, and other “property practitioners” have been told to do BEE or stop operating.
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The Property Practitioners Regulatory Authority (PPRA) has been denying Fidelity Fund Certificates (FFCs) to property practitioners based on BEE status since at least April 2024, preventing them from legally operating. Sakeliga has demanded the PPRA provide a written undertaking to withdraw and...
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