Property Flash


April 19 2024 10:30

Eskom, Claremart, Property Sector Charter Council (PSCC), and Property Practitioners Regulatory Authority (PPRA) have joined forces to launch a partnership for previously disadvantaged real estate firms and youth learners.

This initiative aims to use Eskom’s retired non-core properties to create opportunities
for previously disadvantaged real estate firms and empower youth learners, ultimately driving
transformation and growth in the property sector.

The Eskom retired Non-Core Property Disposal Programme adds to a partnership between key
stakeholders committed to fostering inclusivity, diversity, and economic empowerment within the real estate industry.

The idea is to leverage on Eskom’s surplus properties with the programme seeking to provide market access for real estate firms, which will enable them to participate more actively in the property market and stimulate their growth.

Through the empowerment of young talent, the initiative aims to address critical skills shortages in the sector and contribute to job creation and socio-economic development.

The rollout of the programme is set to run for five years, with phase one focusing on the Gauteng, Limpopo, and Mpumalanga provinces.

The programme aims to create a sustainable model for future property disposal and skills
development. By offering training programmes, workshops, and educational initiatives focused on selling properties, the programme will use advanced technology to drive sales, and related skills, which will enhance the capabilities of individual property practitioners.

PSCC CEO: Portia Tau-Sekati said: “The Property Sector Charter Council (PSCC) is dedicated to driving transformation within the property sector. This collaboration exemplifies our commitment to fostering empowerment and inclusivity. We believe that by working together, we can create meaningful opportunities for all stakeholders and contribute to the sustainable development of the property industry.”

PPRA CEO Thato Ramaili said:
“PPRA is pleased to be part of this impactful initiative aimed at promoting transformation and
empowerment in the real estate sector. By providing support and opportunities for previously
disadvantaged firms and youth learners, we are paving the way for a more inclusive and vibrantproperty

Claremart CEO: Zain Amod said:
“At Claremart, we are committed to promoting diversity and inclusivity in the real estate sector. This
partnership aligns with our core values, and we are excited to play a role in providing market access for
previously disadvantaged firms and nurturing young talents to become future leaders in the industry.”


Leave a Reply

Your email address will not be published. Required fields are marked *