TEMPORARY CLOSURE OF THE EAAB OFFICES DUE TO COVID-19
The EAAB offices remain temporarily closed until further notice. This is due to a number of employees that have tested positive, and several others are self-isolating due to possible exposure.
The two office blocks in Sandton are currently being deep cleaned and sanitised.
This is being done in the best interest to safeguard the EAAB employees and all stakeholders.
Stakeholders are encouraged to continue using electronic means to contact the EAAB (details and email addresses on www.eaab.org.za where possible).
For further Covid-19 related enquires contact: Covid-19 Compliance Officer Mr. Oscar Mangole at email@example.com
12 July 2020
A CALL FOR WOMEN TO LEAD THE TRANSFORMATION AGENDA IN REAL ESTATE - Boldness in Real Estate!
JOHANNESBURG – Estate Agency Affairs Board CEO Mamodupi Mohlala this week joined a group of global women leaders to discuss transformation and women empowerment in the real estate industry.
Addressing representatives of the World Women Leading Change (WWLC) under the theme Boldness in Real Estate via a virtual meeting on Sunday 12 July 2020, Mohlala said the lack of transformation and gender representation was a global concern and called for an intensified push to ensure more Black Women occupy strategic positions in the industry.
The meeting was attended by delegates from Indonesia, Botswana, Nigeria, Lesotho, South Africa, Namibia and Kenya.
Mohlala detailed four initiatives currently implemented at the EAAB to help fast-track transformation of the industry in South Africa and help remove barriers for black people to enter the profession.
“The figures on transformation in the sector are looking bad, they are dire. But, things are going to change…” said Mohlala.
Central to these programmes are job creation opportunities particularly for Black Women and Youth, up-skilling of Black estate agents, mentorship, grants and loans to start-up businesses.
One of the programmes drew the attention of founding WWLC President Dr Ayla Aldjufrie who immediately undertook to collaborate with Mohlala on Youth employment and any other programmes to advance women. “I’m so excited by what I’ve just heard. Where do we start?” Dr Aldjufrie quipped from Indonesia when requesting more information on the EAAB’s “One-Learner One-Estate Agency” internship programme.
Annually, hundreds of interns are hosted by established estate agents across South Africa who will train and mentor them to become fully pledged professionals. The EAAB provides a stipend for the interns and support for the host employers. In the past year, the EAAB collaborated with major banks and communications giants to provide supporting services to bolster the programme. It is envisaged that 5 000 interns will be enrolled for the 2020/2021 financial year.
Mohlala also highlighted other transformation enabling initiatives include an enterprise development (incubation) programme to assist small, medium and micro enterprises; a PDI resolution which seeks to make it easier for previously disadvantaged individuals to enter the profession; and the establishment of a transformation fund.
WWLC South African Ambassador Debbie Raphuti applauded Mohlala for the work she was doing saying women were “bringing a revolution to a White male dominated industry”. “In Africa we need boldness, we can’t continue to be oppressed economically in our own country,” said Raphuti.
Repeatedly referring to Mohlala as “dynamite”, Raphuti called on women to share knowledge and motivate one another in their quest to infiltrate the industry.
Anne Gebhart from Namibia’s estate agency regulator echoed Raphuti’ sentiments and said they would look into following some of the EAAB’s transformation models. “We need to follow what you are doing….these are dynamic programmes. We want to be part of the women who lead real estate change,” said Gebhart.
Women Leading Change is a movement that empowers leading business women to lead, change and give impact to their families, work field, community, environment and industry. It evolves on the premise of women’s empowerment at the heartbeat of its movement.
Sharing her 15-year journey of growth in the real estate industry, Dr Aldjufrie, said real estate is a factor of economic growth and that women should be central to contributing to this growth. She urged participants to collaborate, exchange ideas and work hand-in-hand to revolutionize the industry.
Mohlala indicated her willingness to discuss and engage with those wanting to advance the transformation agenda.
She also reminded delegates that the current global COVID-19 pandemic, with its many challenges, could present opportunities for Black women. “Let’s look for the opportunities, grab it and then run with it. The pulse needs to be intensified…..together we can bring the much needed change.”
13 July 2020
13 July 2020
EAAB reopens their offices in Sandton again after the recent Covid-19 scare.
As the EAAB can only allow 30% of its worksforce to return to the offices in Sandton, Johannesburg which will continue until further notice on a rotational basis, the regulator has made also made the necessary provisions for employees to continue to work remotely to continue to offer the following services.
29 June 2020
EAAB WAIVERS PENALTIES FOR LATE AUDIT SUBMISSIONS
JOHANNESBURG – The Estate Agency Affairs Board will not penalise estate agents who submit late audit records for the 2019/2020 financial year.
Audit reports are due annually by June 30, but the board is cognisant that due to the Covid-19 pandemic and the national lockdown several agents have not been able to complete this process.
According to section 29(1)(b), 32(3)(b) and 32(4) of the Estate Agency Affairs Act, the audit of the business accounting records and the trust accounting records shall be performed and finalised and the auditor’s report on the trust accounting records submitted to the EAAB within a period of four months after the financial year end of the estate agent.
As a result of the far reaching consequences of the lockdown on the industry, the board has agreed not to impose penalties for late submissions.
EAAB CEO Ms. Mamodupi Mohlala said she was mindful of the ch