The South African Property Owners Association (SAPOA) has signed a Memorandum of Understanding (MoU) with the Property Sector Charter Council (PSCC) to continue funding the council to the tune of some R250 000 a year for an additional 3-year period.
“The intention of this ongoing strategic partnership is to collaborate in fostering a common goal and vision in addressing the issue of and promoting transformation within the property industry,” SAPOA said in a statement.
The PSCC is an association that commits itself to the implementation of a Transformation Charter. It commits itself to strive for transformed property relations in South Africa and to promote a vibrant and growing property sector that reflects South Africa as a whole, contributing towards the development and establishment of an equitable society. Both SAPOA and PSCC highlighted the importance of transformation within the property industry.
SAPOA Chief Executive Officer, Neil Gopal, acknowledged the importance of this partnership with PSCC. “One of the strategic pillars that SAPOA has identified is the need to drive transformation in the industry. The initiation in 2004 of the Charter process and signing of this recent MoU signifies our commitment towards transformation.”
Gopal added: “It is important for us as an organisation to ensure that the PSCC is well funded, that it runs effectively and efficiently and that the issue of transformation is top of the agenda always. So, having a long-term funding commitment gives us both a bit of certainty as to where issues of transformation are going at least three years in advance.”
Portia Tau-Sekati, Chief Executive Officer of the PSCC echoed the same sentiments. “We have always worked very well with SAPOA. The significance of this MoU is that there is a formal structure that we will adhere to, enabling us to drive transformation together, giving us some structure in terms of how that can be done and achieved.”
She added: “There are a lot of entities that are doing their bit in driving transformation, but, together we can achieve way more than the individual components of a whole.”
Gopal concluded: “SAPOA has signed several such MoU’s with various organisations. These working relationships are important within the property industry, as they not only benefit SAPOA members but also enable combine strategy and the pooling of resources.”
* Content edited by Suren Naidoo.