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Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)

Codes of Good Practice on Broad-Based Black Economic Empowerment

Property Sector Charter

4. Scope of Application



(4.1) This sector code (including the scorecard incorporated herein) applies to all privately owned and public enterprises within the property sector. In addition it is binding to all organs of state and public entities, organized labour and communities involved with or interested in the Property Sector.


(4.2) The scope of this sector code is applicable but not limited to commercial activities in the following industries:
(4.2.1) Residential property industry, which includes:
( Houses;
( Community schemes; and
( Land zoned for development.
(4.2.2) Commercial property industry, which includes:
( Office property industry;
( Industrial property industry;
( Leisure property industry;
( Retail property industry; and
( Land zoned for development.
(4.2.3) Including other Property Services in the Property Sector (but not limited to):
( Property ownership
( Property Letting
( Property Management
( Property Sales
( Property Valuation