PURPOSE OF PSCC
- ENHANCE TRANSFORMATION by factoring UNIQUE KNOWLEDGE AND CHARACTERISTICS of the Property Sector in the legislation in order to DEEPEN MEANINGFUL PARTICIPATION of property participants in the mainstream of SA Economy;
- To actively promote TRANSFORMED, VIBRANT AND GLOBALLY COMPETITIVE PROPERTY SECTOR that aim & strive to reflect the DEMOGRAPHICS OF SA & contributes towards the establishment of an EQUITABLE SOCIETY.
PSCC ACHIEVES THE ABOVE THROUGH DEVELOPMENT OF PROPERTY SECTOR CODE (PSC) LEGISLATION:
- PROPERTY SECTOR CODE legislation is developed under the AUTHORITY AND GUIDANCE OF THE BROAD BASED BLACK ECONOMIC EMPOWERMENT (B-BBEE) to create a conducive environment and to enable TRANSFORMATION OF THE PROPERTY SECTOR.
PROPERTY SECTOR CODE legislation is REVIEWED at AGREED INTERVALS as captured in the code and/or when BBBEE LEGISLATION IS REVISED.
At such time PSCC is expected to COORDINATE, LEAD AND DRIVE ENGAGEMENTS with the sector to DEVELOP AND/OR REVISE PROPERTY SECTOR CODE targets and weighting as guided by the B-BBEE legislation as well as to accommodate changing business environment.