21 February 2011 CEO of the EAAB placed on special leave

IMMEDIATE RELEASE
21 FEBRUARY 2011


It was unanimously agreed by the Board of the Estate Agency Affairs Board that the CEO, Mrs. Nomonde Mapetla, immediately be placed on special leave to afford the Board the opportunity to undertake a comprehensive investigation into possible operational and governance irregularities that might have occurred within the EAAB.

It is envisaged that Mrs. Mapetla will be on special leave for some four weeks to facilitate the investigation as well as to minimise any potential prejudice that might otherwise be occasioned to both the CEO and the organisation. It remains in the interest of the Board to ensure that all parties who might be involved in the investigative process are fully protected. The outcome of the investigation will be communicated to all stakeholders in due course. During this period Mr. Nikita Sigaba has been appointed as Acting Chief Executive Officer by the Board. Mr. Sigaba will be assisted by Mr. Clive Ashpol.

The Board wishes to emphasise that this matter is in no way connected to the recent investigations undertaken into the activities of Wendy Machanik Property Holdings. Contrary to speculation the matter is, furthermore, in no way related to any current investigations of estate agency enterprises or practitioners. It is to be underscored, in this respect, that it was resolved by the Board as early as January this year to ensure that that the public were kept fully apprised, from time to time, regarding the EAAB investigations into, particularly, the Wendy Machanik matter.

The Board wishes to stress its commitment to a zero tolerance approach where non-compliance by estate agents is concerned. The Board remains determined to continue to protect the public interest in accordance with its statutory mandate.

Mr. Thami Bolani, the Chairman of the Board reiterated that, “As a statutory regulator it is of the utmost importance that we should continue to promote faith and trust in the estate agency industry. This can readily be accomplished by implementing active steps to ensure strict compliance by all of our stakeholders. The EAAB, far from being reactive, will continue to adopt a proactive stance when dealing with matters of this nature. The Board is confident that, in so doing, it will effectively discharge its statutory mandate.”

End//

For all media enquiries:
Marketing and Communications dept
Estate Agency Affairs Board
 

Tel: +27 11 731 5662
Fax: 0865458775
margie@eaab.org.za 

 



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