Wednesday, August 22, 2012

Estate Agent Affairs Board dissolved


Yesterday, Minister of Human Settlements, Tokyo Sexwale took a bold step and dissolved the Estate Agents Affairs Board (what was left of it) and placed it under administration.

I was fortunate enough to attend the breakfast presentation and hear first-hand his passion and commitment to finding a solution for quality housing for all South Africans. The estate agent industry has only recently (May 2012) been placed under the control of the Department of Human Settlements. At the time the Estate Agent Affairs Board (EAAB) consisted of 6 members (there should be 15 members), during the month of June 2012 a further 3 resignations left only 3 Board members, in Mr Sexwale’s words “dysfunctional”. He proceeded to dissolve the Board and place it under administration and further instructed the Special Investigation Unit (SIU) to investigate the Board, the industry and the Fidelity Fund. Sexwale was emphatic that it was time the industry “got its house in order” and anyone involved in bringing the industry into disrepute would be held accountable and if need be face criminal charges.

Going forward Sexwale would like to engage with the industry and has scheduled a summit for the 21st September 2012.


The State of the Rental Industry

TPN and Payprop co-hosted The State of the Rental Industry road show last month. We had a full house at all the events: Johannesburg, Cape Town and Durban hosting 1000 delegates.

Our panel of expert speakers provided great insight; please click on each speaker below to open their presentation:



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