REBOSA (Real Estate Business Owners of South Africa) has presented its case against the PPRA’s (Property Practitioners Regulatory Authority) announcement that a “compliant” BEE certificate is needed when agencies want to renew their FFC’s in 2025.
The CE of REBOSA, Jan le Roux, has presented their case in a letter to the PPRA chairperson, Dr. Steven Ngubeni, in four points:
- In the Act or Regulations there is no mention of certificates having to be “compliant”, only “valid.
- Industry bodies don’t agree with the PPRA’s interpretation.
- The PPRA’s standpoint is not informed by law.
- Around 2,400 firms could shut their doors.
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