Post on 19-Jan-2017
EAAB ENTREPRENEURAIL EMPOWERMENT INITIATIVES’PROPERTY INCUBATOR - SABIC
Apartheid spatial planning placed some on a poverty cycle.
• The end of Apartheid might have removed the legal framework allowing institutionalised racism.
• Racism in South Africa both predates and encompasses more than just the institutionalised racism of apartheid.
• Apartheid spatial planning needs to be reversed and re-engineered
PROPERTY MARKET SIZE
The market we knowRegistered bonds
7
2003-1 2003-9 2004-5 2005-1 2005-9 2006-5 2007-1 2007-9 2008-5 2009-1 2009-9 2010-5 2011-1 2011-9 2012-5 2013-10
10000
20000
30000
40000
50000
60000
70000
-
200,000
400,000
600,000
800,000
1,000,000
1,200,000
Registered Bonds
Average Value of Registered Bonds
The market we know
8
2003-1 2003-9 2004-5 2005-1 2005-9 2006-5 2007-1 2007-9 2008-5 2009-1 2009-9 2010-5 2011-1 2011-9 2012-5 2013-10
5000
10000
15000
20000
25000
30000
35000
40000
45000
-
200,000
400,000
600,000
800,000
1,000,000
1,200,000
Registered Transfers
Registered Transfers
Average Value of Registered Transfers
Gauteng
Western Cape
KwaZulu Natal
Eastern Cape
Mpumalanga
North W
est
Free St
ate
Limpopo
Northern Cape
0
2000
4000
6000
8000
10000
12000
14000
16000
18000
20000
Estate Agency Firms
Estate Agents
4674
2728
1322736
392 428 359 185 120
18252
9605
5938
23621684
1356 1144624 395
Estate Agency Firms
Estate Agents
Geographical Province Grid Report – Estate Agency Affairs Board Fidelity Fund Certificates Issued for 2013
2013 Provincial and Racial Statistics …
Fidelity Fund Certificates issued to Estate Agents in the Free State
4%7%
89%
ASIAN 46BLACK 76COLOURED 0WHITE 1004
2013 Provincial and Racial Statistics …
Fidelity Fund Certificates issued to Estate Agents in Limpopo
4%23%
73%
ASIAN 24BLACK 150COLOURED 1WHITE 466
6%8% 2%
84%
ASIAN 130BLACK 151COLOURED 17WHITE 2043
Fidelity Fund Certificates issued toEstate Agents in the Eastern Cape
2013 Provincial and Racial Statistics …
5%9%
86%
ASIAN 77BLACK 148COLOURED 3WHITE 1365
Fidelity Fund Certificates issued toEstate Agents in Mpumalanga
2013 Provincial and Racial Statistics …
5%15%
2%
78%
ASIAN 673BLACK 1972COLOURED 122WHITE 15501
Fidelity Fund Certificates issued toEstate Agents in Gauteng
2013 Provincial and Racial Statistics …
4% 6% 1%
89%
ASIAN 58BLACK 76COLOURED 8WHITE 1121
Fidelity Fund Certificates issued toEstate Agents in the North West
2013 Provincial and Racial Statistics …
14% 8%
2%
76%
ASIAN 703BLACK 334COLOURED 32WHITE 4788
Fidelity Fund Certificates issued to Estate Agents in KwaZulu Natal
2013 Provincial and Racial Statistics …
8% 7%2%
83%
ASIAN 24BLACK 21COLOURED 8WHITE 318
Fidelity Fund Certificates issued to Estate Agents in the Northern Cape
2013 Provincial and Racial Statistics …
6% 3% 3%
88%
ASIAN 485BLACK 110COLOURED 121WHITE 8874
Fidelity Fund Certificates issued toEstate Agents in the Western Cape
2013 Provincial and Racial Statistics …
WHAT ARE THE ‘EAAB ENTREPRENEURAIL EMPOWERMENT INITIATIVES’ FOR YOUTH
AND WOMEN AND PEOPLE WITH DISABILITIES?
Current Position JHB
20
Current Position KZN
21
Current Position Western Cape
22
Current Position Eastern Cape
23
The National Development Plan (NDP) has identified the small, micro, medium enterprises (SMME’s) as one of the crucial components of the South African economy to stimulate economic growth and development
qualifications.
Department of Small Business Development was established to prioritise on a large scale the development and advancement of SMME’s in order to accelerate economic growth and development.
WHY IS THE EAAB FOCUSED ON
ENTREPRENEURAIL EMPOWERMENT
PROPERTY INCUBATORS
The ‘ENTREPRENEURAIL EMPOWERMENT PROPERTY INCUBATORS’ FOCUS ON YOUTH AND WOMEN AND PEOPLE WITH DISABILITIES.
To fast-track YOUTH AND WOMEN AND PEOPLE WITH DISABILITIES empowerment and development within the property market requires implementation of specific and targeted measures in order to achieve significant progress.
The programme is available to young entrepreneurs who are matriculants, FET (TVET) college graduates, university and university of technology graduates and persons with disability.
TARGET GROUPS
Complete online application and upload CV
Placement of learner with registered estate
agency firm
Apply to EAAB for intern fidelity fund certificate
Enroll and write PDE 4Complete intern
logbook for EAAB assessment
Complete 12 month internship and obtain FETC:
Real Estate NQF Level 4
Apply for status upgrade to Professional
Practitioner in Real Estate (PPRE)
Obtain National Certificate: Real Estate
Apply for status upgrade and open estate agency firm
Enroll and write PDE 5 within two years to obtain the
Master Practitioner in Real Estate (MPRE)
Grouping StatusSEEFF PLEDGE SIGNEDREMAX PLEDGE SIGNEDJAWITZ PLEDGE SIGNEDPAM GOLDING PLEDGE SIGNEDWAKEFIELDS PLEDGE SIGNEDBROLL PLEDGE SIGNEDGROWTH POINT PLEDGE SIGNEDENKEL & VOLKERS PLEDGE SIGNEDLEAPFROG PLEDGE SIGNEDRAWSONS PLEDGE SIGNEDCHASE EVERITT PLEDGE SIGNEDHARCOURTS PLEDGE SIGNEDKNIGHT PORTER & FRANK PLEDGE SIGNEDLEW GEFFEN PLEDGE SIGNEDMany Small and medium Agencies PLEDGE SIGNED
PLEDGE STATUS
The youth in incubators results: Sales R33m Comm R1.3m.
0 0July
August
Septem
ber
October
November
December
01,000,0002,000,0003,000,0004,000,0005,000,0006,000,0007,000,0008,000,000
Value of Sales/ Lease learners in-volvement
Sales
0July
August
Septem
ber
October
November
December
050000
100000150000200000250000300000350000400000450000500000
Commission Received by learners
Commision
• Allocation of 30% of property maintenance contracts to youth and women and people with disability entrepreneurs;
• Allocation of 30% of property cleaning contracts to youth and women and people with disability entrepreneurs;
• Allocation of 30% of painting maintenance contracts to youth and women and people with disability entrepreneurs;
• Allocation of 30% of gardening and landscaping contracts to youth and women and people with disability entrepreneurs;
ENTREPRENEURAIL EMPOWERMENT INCUBATOR 2 : ‘PROPERTY RELATED SERVICE
ENTREPRENUERIAL DEVELOPMENT’ YOUTH AND WOMEN AND PEOPLE WITH DISABILITIES PROGRAMME
• Allocation of 30% plumbing maintenance contracts to youth and women and people with disability entrepreneurs;
• Allocation of 30% air-conditioning service and maintenance contracts to youth and women and people with disability entrepreneurs;
• Allocation of 30% electrical maintenance contracts to youth and women and people with disability entrepreneurs;
• Allocation of 30% parking management contracts to youth and women and people with disability entrepreneurs;
ENTREPRENEURAIL EMPOWERMENT INITIATIVE 2 : ‘PROPERTY RELATED SERVICE ENTREPRENUERIAL
DEVELOPMENT’ YOUTH PROGRAMME
Estate Agency Affairs Board, in collaboration with all role-players and stakeholders within the property market and sector including major property market players seeks to promote the development of SMME’s in the country within the property market with the objective of creating new opportunities for YOUTH AND WOMEN AND PEOPLE WITH DISABILITIES by PLACING THEM IN PROPERTY SERVICES INCUBATORS and matching them with existing firms that currently render services in the property market with the related services..
BENEFITS TO THE PROPERTY MARKET
The INCUBATOR will create business owners in youth and female entrepreneurs with the relevant skills, business experience and transaction flow to meaningfully participate in the economic benefits of this R4.9 trillion sector
PROPERTY SERVICE INCUBATOR
The youth entrepreneurs are invited to register for the EAAB empowerment initiatives in order to participate the
incubators.
PROPERTY ASSESSMENT INDUSTRY
“A GOLDEN OPPORTUNITY TO CREATE NEW INCUBATOR FOR YOUTH ENTREPRENEURS AND NEW
JOBS FOR SOUTH AFRICA”
BACKGROUNDWith the advent of the Consumer Protection Act, 2011, sellers and buyers of property and estate agents are now more aware of the need to be diligent in disclosing the true condition of the property to the buyer;
The CPA has made it relatively simple and free for aggrieved property buyers to refer complaints to the National Consumer Commission;
Property assessment entails a comprehensive assessment of the property to identify and highlight any defects (if any);
WHAT IS PROPERTY
ASSESSMENT?
A new INCUBATOR for Property Assessors will be created (approximately 10 000 property assessors within the next 5 years of establishment);
Self-employment would be enhanced;
Entrepreneurial development will be stimulated;
Reduction of unemployment and poverty;
Enhancing professionalism within the property market;
Better regulation of the sector;
Enhancement of sustainable human settlements as properties will be subjected to constant property assessments when exchanging hands;
For further information on the ‘ENTREPRENEURAIL EMPOWERMENT INCUBATOR :
Estate Agency Affairs Board on www.eaab.org.za or Tel: 087 285 3222 or email ceo@eaab.org.zahttp://www.eaab.org.za
ENTREPRENEURAIL EMPOWERMENT INITIATIVES AND INCUBATORS’