REGISTRAR: MATSOBANE SEOTA PRESENTATION BY THE SOUTH AFRICAN COUNCIL for the PROPERTY VALUERS PROFESSION (SACPVP) REGISTRAR: MATSOBANE SEOTA STAKEHOLDER ENGAGEMENT: PROPERTY PRACTITIONERS BILL B21- 2018: PARLIAMENTARY COMMITTEE ON HUMAN SETTLEMENTS: GOOD HOPE CHAMBERS:CAPE TOWN 04 SEPTEMBER 2018

CONTENTS About the Council Vision and Mission Categories of Registration Accredited Programmes Types and Purposes of Property Valuation SACPVP Comments on the Property Practitioners Bill Optional information Slides Statistics Provincial Gender Q n A

ABOUT THE COUNCIL: SACPVP SACPVP was stablished by Act No. 47 of 2000: Property Valuers Profession Act Registrar responsible for Management 10 members of Council responsible for Policy Major Objectives: To provide for the Registration of professionals, candidates and persons/ valuers in specified categories To Protect the public against improper conduct of valuers To Identify types of property work which may be performed by each category of registered persons

VISION AND MISSION Vision To create a transformed property valuers profession that delivers world class valuation services Mission To provide professionalism and high standards of competency in the profession To provide guidelines for education and continuing education and training (CET) To promote access to the profession by all citizens To provide awareness of valuation services to all To make valuation a Profession of Choice

CATEGORIES OF REGISTRATION and MINIMUM REQUIREMENTS Candidate Valuers (Ca Val): Entry requirements- Enrol for a Degree or National Diploma in Real Estate (majoring in Property Valuation) Single Residential Property Assessors (SRPA): (a Specified category) Professional Associated Valuers (Pr Aval): Diploma in Real Estate: Property Valuation 3 years experience in property valuation Permitted to do only certain types and purposes of valuation 3 (b) Public Sector Professional Associated Valuers (New Registration) Lecturer OR Public sector employee in valuation 4. Professional Valuers (Pr Val): From April 2019, Degree in Real Estate/ Property Valuation Nat’l Diploma PLUS Relevant Degree, e.g. Comm or BE 5 years experience in property valuation

ACCREDITED DEGREES AND DIPLOMAS Universities Cape Town MSc, PGD or BSc (Hons): Property Studies Witwatersrand MSc, PGD or BSc (4 Years): Property Studies Pretoria MSc, BSc: Real Estate Free State MProp: Property Valuation (Conditional Accred) Johannesburg B Com: Real Estate (4 Years) Diploma Cape Peninsula Univ of Technology: (National) Diploma Real Estate Bachelor of Real Estate from 2020 (still to be accredited) University of South Africa (UNISA): National Diploma Real Estate (discontinued)

PURPOSES OF VALUATION: Re-categorised Expropriation Insurance Investment and financial statements; Land reform (restitution, development, tenure and redistribution) Mortgage bond and security; Municipal rating (mass valuations) and endowments Purchase, sale, estate and municipal objection Rental determination

NEW CLUSTERS OF EXPERIENCE IN TYPES OF PROPERTY RESIDENTIAL CLUSTER Residential land & residential dwelling (House) Land for Special type properties Sectional Titles & Share block (Schemes) Residential Small Holdings BUSINESS CLUSTER Timeshare schemes Block of flats Leases & Servitudes Commercial land and Commercial properties ( incl. Offices) Industrial land and Industrial buildings Potential townships land & Partially developed settlements Commercial Small Holdings AGRICULTURAL CLUSTER Farms, Forestry & Mine land Agricultural Small Holdings Special types- schools, churches, museums, roads, etc.

SACPVP COMMENTS ON PROPERTY PRACTITIONERS BILL MAIN CONTENTION IS THE DEFINITION OF A PROPERTY PRACTITIONER “property practitioner— means a(ny) person or business who … assesses property to determine defects, value for money and fit for use as part of the conclusion … .” A property valuer values, evaluates, appraises or assesses property. Use of these words depends on the country or preference of speaker They mean the same where property is the object in the sentence In Law, unless the word “assess” is defined in this Bill, the ordinary or dictionary meaning will be used The ordinary meaning of assess in this context (of property) includes to make a judgement about (property) or to officially tell or determine the amount or value of property. (the Merriam-Webster Dictionary).

SACPVP COMMENTS ON PROPERTY PRACTITIONERS BILL SACPVP submits that the Definition of a property practitioner in the Bill should exclude the phrase “assesses property to determine value for money” SACPVP suggests that an alternative to obviate the inclusion of property valuers in this Bill could be to exclude them in section 1(a)(vi) where attorneys and sheriffs are excluded, by inserting— (ee) a registered person as defined in section 1 of the Property Valuers Profession Act, 2000 (Act No. 47 of 2000) ; The said section can be paraphrased as— ‘’ a professional valuer, a professional associated valuer, a candidate valuer or a person registered in specified categories prescribed by the South African Council for the Property Valuers Profession”.

SACPVP COMMENTS ON PROPERTY PRACTITIONERS BILL SACPVP asserts that if the definition is left as is, it will be an intended confusion to an ordinary person, alternatively permission for a property practitioner to perform valuation work without being registered as a property valuer In our meeting of July 2017 with EAAB, EAAB stressed that the Bill is not intended to include property valuers who, by their own right are governed by the Property Valuers Profession Act, 2000 (Act No. 47 of 2000) (PVP Act) The intention of Parliament, in legislating the valuers profession, was that only qualified valuers should undertake valuation work and that SACPVP should ensure that it registers competent valuers to perform valuation SACPVP’s views is that the Bill should avoid deliberate or unintended confusion and cannibalisation of the property valuers profession.

SACPVP COMMENTS ON PROPERTY PRACTITIONERS BILL Regulatory responsibilities Property Practitioners Regulatory Authority must not have the authority to discipline a person, including a property practitioners, who is incompetent to assess or value property If so, two regulatory bodied will be involved in the same mandate- clearly not an intention of any legislative regime in any country ? Is it not the responsibility of Parliament to ensure that the country’s suite of Laws, especially the new order legislation, are aligned to guide professionals and to protect the public, BUT not to confuse the public?

RE A LEBOGA SIYA BULELA THANK YOU DANKIE Q & A

OPTIONAL INFORMATION SLIDES

Registration by Province: 2016 SACPVP Registered Professionals and Candidates Percentage share of the total registered Men Women Eastern Cape 158 7.5% 128 30 Western Cape 442 21.0% 359 83 Northern Cape 29 1.4% 24 5 Free State 93 4.4% 69 Gauteng 919 41.7% 684 235 Kwa Zulu Natal 248 13.6% 197 51 Limpopo 77 3.8% 52 25 North West 3.3% 49 20 Mpumalanga 68 19 Total 2103 100% 1611 492

YEAR ON YEAR STATS

YEAR ON YEAR TRANSFORMATION

30 June 2016 GENDER AND AGE

THANK YOU Q & A