Earlier this month, the Property Practitioners Regulatory Authority (PPRA) has provided feedback to the Real Estate Business Owners of South Africa (ReBOSA) in the form of a Letter on the requirements relating to Broad-Based Black Economic Empowerment (B-BBEE) Verification Certificates and the issuance of Fidelity Fund Certificates (FFCs).
After consultations, it was resolved that the term “valid” in the context of B-BBEE Verification Certificates does not imply “compliant”.
B-BBEE Verification Certificate Management Services are available to Members in understanding these requirements.
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