The Property Sector Code and Legislation Change
- Property Sector Charter Council
- Jan 21
- 1 min read
What is the Property Sector Code and why does it change?
Property Sector Code legislation is developed under the authority and guidance of the broad based black economic empowerment (B-BBEE) to create a conducive environment and to enable transformation of the property sector.
The legislation change takes place when the generic B-BBEE codes of good practice change.
Legislation change is driven by the aim to improve transformation impact of the sector and South African economy.
The first Property Sector Code (35400) was gazetted in 2012, followed by the Amended Property Sector Code (40910), gazetted in 2017.
The current prevailing legislation is the Amended Property Sector Code, gazette 40910. The current legislation is in the process of being revised, due to the aim to improve transformation impact of the property sector.
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