understanding the - mm3admin.co.za€¦ · purpose of pscc main purpose of pscc office (reason for...

Understanding the PROPERTY SECTOR CHARTER COUNCIL

Mandate, Purpose and Role

PURPOSE OF PSCC❖ MAIN PURPOSE OF PSCC office (Reason for Existence):

ENHANCE TRANSFORMATION by factoring UNIQUE KNOWLEDGE AND CHARACTERISTICS of the Property Sector in the legislation in order to DEEPEN MEANINGFUL PARTICIPATION of property participants in the main stream of SA Economy;

To actively promote TRANSFORMED, VIBRANT AND GLOBALLY COMPETITIVE PROPERTY SECTOR that aim & strive to reflect the DEMOGRAPHICS OF SA & contributes towards the establishment of an EQUITABLE SOCIETY.

PSCC achieves the above through development of Property Sector Code (PSC) legislation:

❖PROPERTY SECTOR CODE legislation is developed under the AUTHORITY AND

GUIDANCE OF THE BROAD BASED BLACK ECONOMIC EMPOWERMENT (B-BBEE) to create a conducive environment and to enable TRANSFORMATION OF THE PROPERTY SECTOR.

❖PROPERTY SECTOR CODE legislation is REVIEWED at AGREED INTERVALS as captured in the code and/or when BBBEE LEGISLATION IS REVISED.

▪ At such time PSCC is expected to COORDINATE, LEAD AND DRIVE ENGAGEMENTS with the sector to DEVELOP AND/OR REVISE PROPERTY SECTOR CODE targets and weighting as guided by the B-BBEE legislation as well as to accommodate changing business environment.

PURPOSE OF PSCC

❖MANDATORY ROLE OF PSCC:

REPORTING OF ANNUAL TRANSFORMATION PROGRESS of the Property Sector to the following structures:

• B-BBEE commission - Presidential BEE advisory Council;

• Custodians of B-BBEE - Minister of Trade and Industry;

• Parliament - Portfolio Committee;

• Line Ministry – Department of Public Works;

• B-BBEE commission(Ombudsman); and

• Property Sector Participants.

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PURPOSE OF PSCC

❖ MANDATORY ROLE OF PSCC: Where the Sector HAS NOT ACHIEVED ITS TARGETS as set out in the PSC, the

PSCC must:

– Identify current, potential and emerging obstacle and develop SPECIFIC INTERVENTION SOLUTIONS inhibiting transformation in the Property sector;

– Encourage, Support and where possible facilitate the implementation transformation in line with the Sector Code targets;

• Review YEARLY SECTOR PRIORITIES in line with the sector transformation delivery;

• Identify NEW ACTIVITIES, DEFINE WORK PROGRAMMES & ROLES for relevant task teams;

• Prepare and REVIEW BUSINESS PLANS & BUDGETS highlighting PRIORITISED ACTIVITIES.

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OTHER ROLES OF THE PSCC

❖Other ROLES that PSCC plays to ACHIEVE ITS PURPOSE:PSCC EMPOWERED to act with EXECUTIVE AUTHORITY in providing

necessary GUIDANCE on Sector specific matters affecting B-BBEE to entities within the Property Sector.

• To ASSIST THE STAKEHOLDERS of the sector on their

TRANSFORMATION JOURNEY as outlined in the sector Codes;

• To ADD VALUE to the sector by providing the much needed GUIDANCE

towards transformation

• To BREATH LIFE into the Sector Charter process

PSCC ADJUDICATE MATTERS AFFECTING TRANSFORMATION of Property Sector as captured in the PSC between:

• Property Sector Entities;

• B-BBEE Verification Agencies; and

• B-BBEE Consultants 5

• Legal matter

• Training and Education

• Awareness of new/revised update legislation requirement

• Interpretive Guide and Support

• Research

• Intervention Programme

• Strategic Projects

OTHER ROLES OF THE PSCC OFFICE

• LEGAL MATTERS:– PSCC attends to any and all legal matters that arise out of the legislation as

captured in the Property Sector Code.

• TRAINING AND EDUCATION– Training of Accrediting Authority

• PSCC is responsible for training the SANAS assessors – who accredit the Verification Agencies and Analysts and provides them with Property Sector extension of scope annual licence in order for them to verify the property sector companies.

– Training of B-BBEE VAs and Professionals• PSCC is responsible for training and supporting of Verification Agencies (VAs); Agency

owners, Analysist and consultants to secure Property Sector Extension of scope in order to ensure that there are enough VAs and analysts to service the Property Sector.

– Training for professional CPD points• PSCC is responsible for providing training for mandatory CPD points for professionals

such as Valuers and Estate Agency principals.

– Training all PSCC members and their constituency members• PSCC is responsible for providing training to its member bodies and their constituent

members and their specialists in their organisations.


• COMMUNICATION OF NEW &/or REVISED UPDATES IN LEGISLATION or ITS REQUIREMENTS – IMPACTING ON TRANSFORMATION– PSCC ensures that all new and/or revised legal requirements in the BBBEE

legislation are communicated to the sector and relevant stakeholders e.g. Requirement for all listed entities to report any BBBEE transaction to the BBBEE commission with 30 days.

– PSCC communicates on other legislations that impacts on transformation of the Property Sector and will make input on behalf of the members in line with the commitment taken by the sector e.g. inclusion of transformation in the Property Practitioners Bill.

• INTERPRETIVE GUIDE AND SUPPORT– PSCC is responsible for producing the interpretative guide of the Property

Sector Code in order to direct its members and constituencies on the interpretation of the legislation in accordance to objectives of transformation of the sector.


• PROPERTY SECTOR RESEARCH– PSCC embarked on Research in order to create a consolidated body of

knowledge which fosters consistent understanding of the Property sector- to enable the sector to contextualize transformation progress with understanding of the following:• SA Property Sector market Size;• The Impact of the South African Property Sector on the National Economy;• And any other research that is impacted or effected by transformation of the sector

• SPECIFIC SECTOR INTERVENTION PROGRAMME TO ACHIEVE SET TARGETS– Identify Partners/Systems and/or have MOU with relevant stakeholders that

will enable and support transformation of the property sector under specific intervention programme.

– Identify high impact programmes/projects that will enable transformation of the property sector and create enablers that will facilitate easy/ convenient implementation of project by members in return to achieving set targets.

– Create enabling environment that ensure that any current or future entities and programmes are established with transformation elements factored from the establishment to avoid driving and implementing continuous corrective initiatives.


• STRATEGIC PROJECTS– Develop, partners, drive, support and guide property Sector strategic

projects that have direct impact on the transformation of the sector in line with the legislation and sector code targets.

– Lobby the sector to consolidate broad sector efforts in return for high impact, efficient and effective transformation programme of the property sector.

– Establish programme and/or events that promote, encourage and drive awareness of transformation of the property sector.


• OTHER SECTOR CHARTER COUNCILS– There are a TOTAL OF 12 OTHER SECTOR CHARTER OFFICES– The 8 have gazetted their Amended Sector Codes:

• Tourism Sector Code• ICT Sector Code• MAC Sector Code• Forestry Sector Code• Property Sector Code• Construction Sector Code• Agrii Sector Code• Financial Sector Code

– Not Yet Gazetted• Transport Sector Codes• Chartered Accountants Sector Code• Petroleum Liquid Fuel Sector Code• Défense Sector Code

– Mining Transformation Charter• Is not gazetted under the same legislation as all the above• Its gazetted under the Mining Regulatory Authority (MRA)

SECTOR CHARTER COUNCILS

• OTHER SECTOR CHARTER COUNCILS

– Sector Charter offices that are run under the government department:• Tourism Sector Code – working toward its independence• ICT Sector Code – working toward its independence• MAC Sector Code• Agrii Sector Code• Transport Sector Codes• Petroleum Liquid Fuel Sector Code (New)• Défense Sector Code (New)

– Sector charter offices that are Independent and are run autonomously• Forestry Sector Code• Property Sector Code• Construction Sector Code• Financial Sector Code• Chartered Accountants Sector Code


• OTHER SECTOR CHARTER COUNCILS– Sector Charter offices that completely funded by government:

• Tourism Sector Code – working on dual funding mechanism

• ICT Sector Code – working on dual funding mechanism

• MAC Sector Code

• Agrii Sector Code

• Transport Sector Codes

• Petroleum Liquid Fuel Sector Code – working on dual funding mechanism

• Défense Sector Code

• Construction Sector Code – last year funding by solely government

– Sector Charter offices funded by both Government and Private Sector• Forestry Sector Code

• Property Sector Code

– Sector Charter offices funded by both completely by Private Sector• Financial Sector Code

• Chartered Accountants Sector Code


SECTOR CHARTER COUNCIL OFFICESSTAFF COMPLIMENT

SECTOR CHARTER COUNCIL STAFF MEMBERS

Run under Government Department

Tourism Sector Code 14 staff members

ICT Sector Code 8 staff members

MAC Sector Code Unknown- DG suspended

Agrii Sector Code No, fluctuate 5-10 staff members

Transport Sector Codes 8 staff members

Petroleum Liquid Fuel Sector Code 7 staff members

Défense Sector Code Unknown

Independent and are run autonomously

Forestry Sector Code 5 staff members

Property Sector Code 3 staff members

Construction Sector Code 10 staff members

Financial Sector Code 6 staff members

Chartered Accountants Sector Code 6 staff members

THANK-YOUQUESTIONS??

Property Sector Charter Council

Contact person : Portia Tau-Sekati

Tel: 011 880 9918

Cell: 082 619 2507

Direct email: [email protected]

General email: [email protected]

www.propertycharter.co.za

Thank you

mailto:[email protected]

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