Property Practitioners Act, 2019 (Act No. 22 of 2019)Chapter 4 : Transformation of Property Sector20. Property sector transformation |
| (1) | The Property Sector Transformation Charter Code as amended from time to time applies to all property practitioners. |
| (2) | When procuring property related goods and services, all organs of state must utilise the services of property practitioners who comply with the broad-based black economic empowerment and employment equity legislation and policies. |
| (3) | The Authority must from time to time— |
| (a) | implement and assess measures to progressively promote an inclusive and integrated property sector; |
| (b) | implement appropriate measures and assess the state of transformation within the property sector; |
| (c) | create such mechanisms for the continuous monitoring and evaluation of the sector performance on the transformation imperatives and granting of incentives as may be prescribed; and |
| (d) | introduce measures to be implemented, which may include incubation and capacity building programmes to redress the imbalances of the past. |