Acts Online
GT Shield

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

Codes of Good Practice on Broad-Based Black Economic Empowerment

Amended Property Sector Code

6. Scope of Application


6.1 This amended 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.


6.2 The scope of this amended sector code is applicable but not limited to commercial activities in the following industries:
6.2.1 Residential property industry, which includes: Housing; Community schemes; and Land zoned for development.
6.2.2 Commercial property industry, which includes: Office property industry; Industrial property industry; Leisure property industry; Retail property industry; and Land zoned for development.
6.2.3 Including other Property value chain areas in Property Sector (but not limited to): Property Development Property Ownership Property Services Property Management Facility Management Broking Estate Agents Professionals Property Valuation Regulators (in Property Sector) Organs of state.