The Property Practitioners Regulatory Authority fails to withdraw it’s unlawful BEE policy

2024-08-06

The Property Practitioners Regulatory Authority (PPRA) has been denying Fidelity Fund Certificates (FFCs) to property practitioners based on BEE status since at least April 2024, preventing them from legally operating. Sakeliga has demanded the PPRA provide a written undertaking to withdraw and reverse the policy, prompted by recent reports of a temporary hold by the PPRA. The PPRA has not officially changed its position and is ignoring demands to publicly withdraw the policy, reopen denied...

Sakeliga has demanded the PPRA provide a written undertaking to withdraw and reverse the policy, prompted by recent reports of a temporary hold by the PPRA.

The PPRA has not officially changed its position and is ignoring demands to publicly withdraw the policy, reopen denied FFC applications, and commit to avoiding similar BEE-based restrictions in the future.

Comments (3)