Legal Updates

There have been two recent cases dealing with agencies that traded without Fidelity Fund Certificates (FFC’s) which we thought would be of interest to you. Here are summaries of the two cases: [...]

Please be advised that it is stated in Section 8.6 of the Property Sector Code that: An EXEMPTED MICRO ENTERPRISE (“EME”) is only required to obtain a sworn affidavit or certificate from the [...]

The FIC Act has two types of penalties for contraventions or acts of non-compliance with the FIC Act.  The first is administrative sanction(section 45C(3))  for non-compliance with the FIC Act [...]

Please find below, the CSOS Practice Directive [2] on Dispute Resolution Processes. CSOS No 2 of 2018 – Dispute Resolution Practice Directive(1)  

The Portfolio Committee on Human Settlements invites interested people and stakeholders to submit written comments on the Property Practitioners Bill [B 21 – 2018]. The Bill seeks to [...]

Please find notice below on the Amendment of the Practice Directive on Payment of Levies and Fees:- [...]

An Exempted Micro-Enterprise, “EME” is only required to submit an affidavit confirming an annual turnover of less than R2.5 million. EMEs automatically gain Level 4 BBBEE status. If there [...]

Please find a presentation below on the Property Sector Charter Councils’ Mandate, Purpose and Role. Understanding PSCC Mandate Purpose and Role

A Copy of the CSOS Practice Directive on the Waiver of Levies and Fees can be found below. CSOS Practice Directive No 3 of 2017 For any enquiries on the Directive, please email the CSOS Executive [...]

The Property Sector Charter Council (PSCC) office is embarking on a reporting process as required by law. Both the BBBEE Act notice 112 of 2007 (Gov Gazette 29617) clause no. 5.4.2.2 and the [...]