Diamonds Act, 1986
R 385
Property Practitioners Act, 2019 (Act No. 22 of 2019)RegulationsProperty Practitioners Regulations, 2022Chapter 8 : Administrative and other matters39. Specification of other services |
| 39.1 | Pursuant to the provisions of subsection (a)(vi) of the definition of "property practitioner" in the Act, the following services are specified— |
| 39.1.1 | the sale, by auction or otherwise, by any person as part of the activities of operating a property development business, of any property or any interest, right or title in or to a property or a property development, provided that the foregoing shall not apply in circumstances where such sale, auction or other activity is conducted solely through the auspices of a property practitioner falling within subsection (a)(i) of the definition of "property practitioner" who is the holder of a current fidelity fund certificate issued under the provisions of the Act; and |
| 39.1.2 | an activity falling within subparagraphs (i), (ii), (iii) of paragraph (a) of the definition of "property practitioner" in the Act insofar as it pertains to business undertakings shall include any activity that relates to small, micro and medium enterprises, franchised businesses or new start-up ventures or newly created franchise concepts, whether such enterprise is sold as a whole as a going concern or as part of a business or by means of transferring the beneficial ownership in such enterprise. |
