Property Sector Charter CouncilABC OF BEE
About Property Sector Charter Council
Property Sector Charter Council is a transformation charter as contemplated in the Broad-Based Black Economic Empowerment Act (No 53 of 2003) and the dti Codes of Good Practice on B-BBEE and lays the basis for the development of a code of good practice for the property sector, as envisioned in Section 9(1) of the B-BBEE Act.
Property Sector Charter Council strives for lasting transformation in the property sector through impactful solutions
The Property Sector Charter Council (PSCC) has had a busy year in 2019. It has seen the appointment of a new PSCC chairman, new Minister of Public Works and Infrastructure, the State of Transformation Report 2019 release, and several new initiatives. One of the most exciting of its projects is the launch of the Property Sector Skills Development Foundation, a platform which aims to enhance the overall level of skills in the industry.
The Broad-Based Black Economic Empowerment (B-BBEE) Act of 2003 gives the establishment of all sector charter councils. Its aim is to enable meaningful participation of the previously disadvantaged in the mainstream of the South African economy, specifically in one of the 11 sector councils that exists, the Property Sector Charter Council.
In June 2019, CEO of the PSCC, Portia Tau-Sekati, presented the findings of the 2019 State of Transformation Report which revealed skills development as a key intervention to address major transformational challenges in the property sector. The PSCC, therefore, aims to enhance transformation by using the unique and knowledge characteristics to actively promote and deepen meaningful participation.
The PSCC has formed a foundation where the various skills development challenges within the property sector can be addressed in a structured and holistic manner.
A combined targeted Skills Development fund that will uplift and develop talented and determined learners to further their studies in the property sector, whilst impacting the sector in a meaningful and sustainable way.
The Property Sector Skills Development Foundation is a platform where not only skills development becomes a solution but also a creation of job linking opportunities for talented graduates sponsored through the foundation to change skewed patterns of ownership and control.
The project is one which PSCC chairman, Sedise Moseneke, has highlighted as critical for transformation going forward as it will pull in the various efforts of the property sector and consolidate them to leverage on the power of collaboration within the sector.
The most rewarding benefit for companies in the property sector is to support and contribute to the Property Sector Skills Development Foundation. This support will result in receiving full points towards the relevant Skills Development Line Item of the B-BBEE.
To get more details on how you can contribute to the Property Sector Skills Development Foundation contact the PSCC on +27 11 880 9918