As the year draws to a close, there is still much to be done. Please take note of some important information contained in this report.
New Faces on Rebosa’s Board
Rebosa held its 4th Annual General Meeting on the 31st of October in Johannesburg.
We are pleased to announce the election and re-election of five directors to the organisations board inclusive of Ms Andrica Lekganyane, a new face and the founder and Managing Director AreaGroup Property Services.
We are grateful for the experience and expertise these new board members bring to the organisation and especially for their deep understanding of the challenges currently facing the residential real estate industry. They will be a tremendous asset to Rebosa and we wish them every success going forward.
Dr Andrew Golding’s term as our Chairman comes to an end and we thank him for his leadership and the outstanding job he has done shaping Rebosa for the past three years, through its inaugural phase to what it is today. His tireless efforts to increase the credibility and visibility of Rebosa in the industry and the resulting goodwill, coupled with our solid financial footing will ensure Rebosa prospers and continues to offer real value to members. We will always be grateful for his enormous financial support of Rebosa in the early years. Please find Andrew’s Chairman’s report which highlights Rebosa’s successes over the past three years below.
While Andrew remains on the board of directors, he hands the baton over to our newly elected Chairman, Mr Richard Gray. Richard has our full support and under his stewardship we are certain Rebosa will reach new heights.
The newly elected Board reinforces its commitment to looking after members best interests, good governance and effective representation. We are eager to work with our new Chairman and board in navigating Rebosa through the next stages of its growth.
On this note, we wish to thank our outgoing directors; Mr Paul Stevens and Mr Vinesh Ramdass for their contribution and unwavering commitment to the organisation. They have been instrumental in determining Rebosa’s position as the largest, most representative organisation looking after real estate business owners and their agents’ best interests.
While our growth has not been without challenges, we are on an upward trajectory. We are at the coalface of all industry matters with increased representation on all industry bodies and forums. By all measures, Rebosa is set to represent our members in every area of concern in 2018 including the minefield of new legislation we will be faced with from the Property Practitioners Bill and the new Financial Intelligence Centre Act through to the newly promulgated Property Sector Codes, PoPI and the realignment of the real estate education requirements.
Mr Richard Gray (Chairman)
Mr Jan le Roux (Chief Executive)
Mr Bryan Biehler
Mr Tony Clarke
Mrs Amanda Cuba
Mr Nico du Plessis
Dr Andrew Golding
Ms Andrica Lekganyane
Mr Phumzile Makhosana
Mr Samuel Seeff
*In Alphabetical Order
It’s Now or Never
The first 3 year CPD rolling cycle concludes on 31 December this year. Current indications are that those not in compliance will not be issued with FFC’s going forward. The EAAB has enabled agents to catch up i.r.o. previous years but may not extend this final deadline. You are well advised to utilise the e-learning platform to accumulate the requisite CPD points for each year, as a matter of urgency, to ensure compliance.
Property Sector Charter Council – Request for Submission of Bee Scorecard (2016-2017)
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. 188.8.131.52 and the constitution of PSCC compels and imposes the executive authority and responsibility on the PSCC to “compile annual reports on the state of BBBEE within the Property Sector based in relation to the transformational objectives set out in the Sector Code”.
Pursuant to this, the PSCC will therefore collect and capture all scorecard data from Sampled Property Measured Entities for the period between 2016-2017.
Please find below a letter from the PSCC regarding submission of scorecards.
Rebosa are currently in consultation with the PSCC to bring members a comprehensive guide on the BBBEE Codes and practical solutions on how to comply.
We will keep you updated as we progress.
We are cognisant of the fact that the EAAB IT systems have been mostly non-operational for the better part of the year resulting in enormous backlogs with many of your queries.
Most concerning has been the delay in issuing FFCs for 2018 and the CPD 3 year rolling cycle ending in December of this year. As a result our CE called an urgent meeting with the new Acting CEO of EAAB, Mr Nikita Sigaba, following Bryan Chaplog’s redeployment. We are very pleased to announce that Mr Sigaba has been very sympathetic to our concerns. We will for two full days engage with each EAAB division i.e. Registrations, Finance, CPD, Section 27 and Education to address outstanding issues.
These meetings have been set for 22 and 23 November at which time we hope to resolve members’ queries.
Please, if you have any outstanding issues that need urgent resolve that you have not already forwarded to Fiona or which are not currently on our list, make urgent contact with us by emailing Fiona on email@example.com
On this note, we understand your frustrations and unfortunately due to the change of guard at the EAAB coupled with their IT system challenges, we have not had the success rate in resolving queries that we have enjoyed in previous years. This is your chance to have us assist you before the year is out.
We personally thank Mr Sigaba for affording us this opportunity and to his commitment towards finding solutions and to availing the Heads of Department and staff members to assist us.
We are very pleased to announce that after the successful implementation of this platform and its subsequent inactivity this year, we finally have a confirmed date for a meeting this month.
The MSG was set up following Rebosa’s consultative processes with the Chairperson of the Parliamentary Portfolio Committee on Human Settlements.
The MSG’s mandate is to ensure industry representatives concerns are raised and that the EAAB is committed to ensuring that the issues raised receive the most immediate and urgent attention.
The meeting is scheduled for Thursday 30 November 2017 and Rebosa will ensure our members most pressing issues are on the Agenda.
We will amongst other issues discuss the finalisation of the first three year CPD cycle and the future of those not in compliance.
We will report back immediately following this meeting on the issues raised and the way going forward.
Private Property Portal
The prevailing property industry’s uncertainty over Naspers’s Property24 takeover of Private Property is finally over. In its place is a fresh vision for a symbiotic relationship between the real estate industry and the digital space, subject still to the approval of the Competition Commission.
Rebosa have been instrumental in ensuring agents have a place at the table.
The amalgamation of Property 24 and Private Property (a resultant monopoly), would have resulted in the joint businesses having an opportunity to ramp up prices aggressively. It would further have resulted in agents missing an opportunity to participate in a meaningful way in the future of the digital property marketplace. Estate agents would have effectively become passengers with no control over the outcome of their marketing efforts. The new transaction offers agents a great opportunity to participate and build a future digital property marketplace vision together.
Please ensure you stay abreast of these happenings to ensure your participation in this exciting new development.
The Grant of an Educational Exemption in Respect of the Non-Executive Directors of an Estate Agency Company does Not Apply to the Members of an Estate Agency Close Corporation
Please find below a communique from the EAAB in this regard which requires your perusal.
The Financial Intelligence Centre Act, No 38 of 2001 (as amended) (“FICA”)
In our last report we provided detailed information on the newly promulgated Act together with templates of the Risk Management and Compliance Programme (the “RMCP”), for our members to download and amend according to their specific requirements and needs.
While a deadline has yet to be set for compliance, we urge you to ready yourself for this eventuality in the New Year. Further communications will follow.
The Property Practitioners Bill
We are currently monitoring the progress of the draft Bill and we do not anticipate any further movement on Bill till the New Year.