Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)

Codes of Good Practice on Broad-Based Black Economic Empowerment

Amended Property Sector Code

6. Scope of Application
Purchase cart Previous page Return to chapter overview Next page

 

6.1This amended sector code (including the scorecard incorporated herein) applies to all privately owned and public enterprises within the property sector. In addition it is binding to all organs of state and public entities, organized labour and communities involved with or interested in the Property Sector.

 

6.2The scope of this amended sector code is applicable but not limited to commercial activities in the following industries:
6.2.1Residential property industry, which includes:
6.2.1.1Housing;
6.2.1.2Community schemes; and
6.2.1.3Land zoned for development.
6.2.2Commercial property industry, which includes:
6.2.2.1 Office property industry;
6.2.2.2 Industrial property industry;
6.2.2.3 Leisure property industry;
6.2.2.4 Retail property industry; and
6.2.2.5 Land zoned for development.
6.2.3Including other Property value chain areas in Property Sector (but not limited to):
6.2.3.1Property Development
6.2.3.2Property Ownership
6.2.3.3Property Services
6.2.3.3.1Property Management
6.2.3.3.2Facility Management
6.2.3.3.3Broking
6.2.3.3.4Estate Agents
6.2.3.4Professionals
6.2.3.4.1Property Valuation
6.2.3.5Regulators (in Property Sector)
6.2.3.6 Organs of state.