Property Practitioners Act, 2019 (Act No. 22 of 2019)RegulationsProperty Practitioners Regulations, 2022Chapter 8 : Administrative and other matters41. Administrative MattersSchedule 3 - Grants from the Fidelity Fund |
| 41.29 | For the purposes of section 39(1) grants from the Fidelity Fund may not without ministerial consent cause the Fidelity Fund to be reduced to a sum of less than R 400,000,000 (four hundred million Rand), provided always that the aforesaid amount will be escalated annually on 01 January of each year by the increase in CPI over the preceding year, with the first such escalation occurring on 01 January 2021. |
| 41.30 | For the purposes of the foregoing "CPI" means the consumer price index, statistical release P0141 as published from time to time by Statistics South Africa from time to time provided that if, at any time, such index shall cease to be published then there will be used other official information or index as may published by Statistics South Africa from time to time in lieu of statistical release P0141. |
| 41.31 | All amounts not required for the purposes referred to in section 39 of the Property Practitioners Act shall be allocated to and paid over to the Transformation Fund for utilisation by the Transformation Fund in accordance with the provisions of the Act as read with these Regulations. |