Pareto Limited is a visionary South African property company, renowned for creating and managing iconic destinations like Menlyn Park, Cresta and Tyger Valley, which welcome millions of visitors every year.

The amended property sector code objectives are made to remove barriers that prevent Black people from owning property or participating in the property market.

Promote economic transformation in South Africa’s property sector by building a competitive and inclusive industry that reflects the country’s demographics and advances equity.

The legislation change takes place when the generic B-BBEE codes of good practice change. Legislation change is driven by the aim to improve transformation impact of the sector and South African economy.

Property Sector Code legislation is developed under the authority and guidance of the Broad Based Black Economic Empowerment (B-BBEE) legislation to create a conducive environment and to enable transformation of the property sector.

The Property Sector Code (PSC) is a sector-specific B-BBEE code, gazetted by the Government to set out transformation requirements for the South African property industry.

The Property Sector Charter Council (PSCC) Tuesday Insight is a communication platform that PSCC publishes and shares every Tuesday.

Greetings from the Property Sector Charter Council once again. We hope you enjoyed your holidays, and we wish the best of luck this year.