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STATE OF TRANFORMATION

This report analyzes the state of transformation in the property sector, identifying obstacles and proposing intervention solutions. It covers commercial, residential, and zoned land industries. Data was collected from BBBEE certificates and back-end reports.

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STATE OF TRANFORMATION

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  1. STATE OF TRANFORMATION Released in 2019

  2. OUTLINE: OUTLINE: • AIM • Why are you doing the report? • Role of the report transformation? • SCOPE • Who does the report cover? • What is included/excluded? • METHODOLOGY • Thought process around methodology • What Process was followed? • How was the data complied? • Sampling & Structure followed • What are the limitations? • YEAR OF MEASUREMENT • Applicable year • Year of measurement & applicable legislation • KEY FINDING • What are the key finding Insert the title of your subtitle Here

  3. AIM Why report ? Role of the report Key Mandatory role for PSCC Monitor the state of transformation of the Property Sector - Annual reporting to relevant stakeholders Analyse the State of Transformation of the sector Identify current, potential and emerging obstacle and develop specific intervention solutions Encourage, Support and where possible facilitate the implementation transformation in line with the Sector Code targets

  4. COMMERCIAL PROPERTY Office Property Industry Industrial Property industry Retail Property Industry Leisure Property Industry Zoned land RESIDENTIAL PROPERTY INDUSTRY Houses Community schemes Flats, Clusters, Town Houses etc ZONED LAND

  5. METHODOLOGY Step 1: Scoping the Property Sector Step 2: Segmenting the Property Sector Step 3: Conduct estimated value assessment per segment Step 4: Identifying the significant players per segment and their value contribution Step 5: Sample using value contribution per company Step 6: Collection of scorecard data of the sampled companies Step 7: Analysis of data and report generation Step 8: Report generation

  6. METHODOLOGY QUANTITATIVE STUDY Based on collection of BBBEE certificate and Back end reports Collection is done directly from Enterprises & Verification Agencies scoped under PSCC Report is based on analysis of both certificate and Back-end report

  7. South African Property Sector R5.8 Trillion LISTED INDUSTRY PROPERTY OWNERS Commercial R1.3 Trillion Residential R3.9 Trillion Public R237 Billion Zoned urban land R520 Billion INSTITUTIONS Retail R534 billion Residential R3.9 trillion SOE R66 Billion Zoned Land R520 Billion PROPERTY MANAGEMENT Office R357 billion Metros & selected Municipalities R69 Billion Informal Industry VALUERS Industrial R281 billion NDPW R102 Billion ESTATEAGENCIES Hospitality & other R94 billion MANAGING AGENTS

  8. South African Property Sector R5.8 Trillion Commercial R1.3 Trillion Residential R3.9 Trillion Public R237 Billion Zoned urban land R520 Billion Retail R534 billion Residential R3.9 trillion SOE R66 Billion SOE R520 Billion Office R357 billion Metros & selected Municipalities R69 Billion Informal Industry Industrial R281 billion NDPW R102 Billion Hospitality & other R94 billion

  9. YEAR OFMEASUREMENT This page has the same elements as previous page, but with a white background and the image moved slightly to show variations that can be created in sections. The image was cropped, and a white rectangle was placed over the image with a transparency of 20% to create the illusion that the image is transparent.

  10. YEAR OF MEASUREMENT For 2019 report • Based on 2017/2018 certificates & reports • 2017 is the Measurement Year, which is defined as the year the certificate was issued. • Moreover, all the certificate issued in 2017 expires sometime in 2018 • All certificate have date of issue and expiry date

  11. YEAR OF MEASUREMENT & APPLICABLE LEGISLATION 2012 – JUNE 2017 JUNE 2017 – END 2018 35% applied Gazette No. 40910 65% applied Gazette No.35400

  12. YEAR OF MEASUREMENT & APPLICABLE LEGISLATION 2012 – JUNE 2017 65% applied Gazette No.35400

  13. YEAR OF MEASUREMENT & APPLICABLE LEGISLATION JUNE 2017- END 2018 35% applied Gazette No. 40910

  14. YEAR OF MEASUREMENT & APPLICABLE LEGISLATION • JUNE 2017- END 2018 • Priority Elements • Employment Equity & Skill Development • EAP calculations • New female sub-elements • Increase Weighting Points • Ownership (20 to 30) • ESD (30 to 39) • Change BBBEE Recognition level measurement 35% applied Gazette No. 40910

  15. COMPLEX STRUCTURE

  16. TRANSFORM THE PROPERTY SECTOR

  17. PERFORMANCE OF 2019 STATE OF TRANSFORMATION Analysis of both 2017/2018 PSC/APSC certificates & reports Level 5

  18. TREND OF RECOGNITION LEVEL PERFORMANCE Level 5 Level 4 Level 4 2017 2016 2015 Gazette Gazette Gazette 35400 –June 2017 40910 – June -End 2017 35400 35400

  19. % OF RECOGNITION LEVEL PERFORMANCE Level 5 2017 2016 2017 Gazette Gazette Gazette 35400 –June 2017 40910 – June -End 2017 35400 35400 –June 2017 40910 – June -End 2017

  20. % OF RECOGNITION LEVEL PERFORMANCE Level 5 2017 2016 2015 Gazette Gazette Gazette 35400 –June 2017 40910 – June -End 2017 35400 35400 –June 2017 40910 – June -End 2017

  21. RECOGNITION LEVEL BY SEGMENT Level 5 2017 2016 2015 Gazette Gazette Gazette 35400 –June 2017 40910 – June -End 2017 GOOD PERFORMERS 35400 • Estate Agencies Level 8 • Listed Companies Level 7 • REITs Internal Level 6 • Valuer Level 5 – • Generic Level 1 • Property Management Level 3 • Property owners Ext Level 4 • REIT s External Level 4 – 35400 –June 2017 40910 – June -End 2017

  22. TREND OF RECOGNITION LEVEL PERFORMANCE Level 5 2017 2016 2015 Gazette Gazette Gazette 35400 –June 2017 40910 – June -End 2017 35400 35400 –June 2017 40910 – June -End 2017

  23. TREND OF RECOGNITION LEVEL PERFORMANCE Level 4 2016 Gazette 35400

  24. ELEMENTS MEASURED PROPERTY SECTOR ELEMENTS Ownership Management Control Employment Equity Enterprise & Supplier Development Socio-Economic Development Economic Development Skill Development

  25. PERFORMANCE OF PROPERTY SECTOR 2017 APSC 2012 PSC Level 5 Enterprise & Supplier Development Ownership Preferential Procurement Management Control Employment Equity Enterprise Development Socio –Economic Development Skills Development Economic Development

  26. PROPERTY SECTOR WEIGHTING POINTS

  27. OWNERSHIP 2012 Property Sector Code (PSC) 2017 Amended Property Sector Code (APSC) 50% 15.04/30 Weighting points 88% 17.74/20 Weighting points 85% 2016/17

  28. OWNERSHIP 2012 PSC 2017 APSC 50% 15.04/30 Weighting points 88% 17.74/20 Weighting points 85% 2016/17

  29. OWNERSHIP 2012 PSC 2017 APSC 50% 15.04/30 Weighting points 88% 17.74/20 Weighting points 70% 91% 99% 52% 59% 35%

  30. MANAGEMENT CONTROL 2012 Property Sector Code (PSC) 2017 Amended Property Sector Code (APSC) 36% 3.28/9 Weighting points 56% 5.6/10 Weighting points 57%

  31. MANAGEMENT CONTROL 36% 3.28/9 Weighting points 56% 5.6/10 Weighting points 57% 2016/17

  32. MANAGEMENT CONTROL 36% 3.28/9 Weighting points 56% 5.6/10 Weighting points 57% 2016/17

  33. EMPLOYMENT EQUITY 2012 Property Sector Code (PSC) 2017 Amended Property Sector Code (APSC) 10% 1.28/13 Weighting points 49% 7.29/15 Weighting points 57%

  34. EMPLOYMENT EQUITY 10% 1.28/13 Weighting points 49% 7.29/15 Weighting points 57% 2016/17 9%

  35. SKILL DEVELOPMENT 2012 Property Sector Code (PSC) 2017 Amended Property Sector Code (APSC) 27% 5.10/19 Weighting points 66% 9.86/15 Weighting points 57% 2016/17

  36. SKILL DEVELOPMENT 27% 5.10/19 Weighting points 66% 9.86/15 Weighting points 57% 2016/17

  37. SKILL DEVELOPMENT 27% 5.10/19 Weighting points 66% 9.86/15 Weighting points 57% 2016/17 76% 73% 60% 47% 24%

  38. ENTERPRISE & SUPPLIER DEVELOPMENT 2017 Amended Property Sector Code (APSC) 66% 11.92/39 Weighting points 57%

  39. ENTERPRISE & SUPPLIER DEVELOPMENT 66% 9.86/39 Weighting points

  40. ENTERPRISE & SUPPLIER DEVELOPMENT 66% 9.86/39 Weighting points 28% 19%

  41. PREFERETIAL PROCUREMENT 2012 Property Sector Code (PSC) 68% 13.55/20 Weighting points

  42. PREFERETIAL PROCUREMENT 68% 13.55/20 Weighting points 78% 71% 66%

  43. PREFERETIAL PROCUREMENT 68% 13.55/20 Weighting points 78% 71% 66%

  44. ENTERPRISE DEVELOPMENT 2012 Property Sector Code (PSC) 63% 63/10 Weighting points

  45. ENTERPRISE DEVELOPMENT 63% 6.33/10 Weighting points

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