Bark and bite: CSOS now has power to enforce action when community schemes fail to meet POPIA compliance obligations
Community Schemes Ombud Services (CSOS) has recently released new consolidated practice directives. These directives increase the compliance responsibilities and governance for Trustees, Managing Agents and other relevant stakeholders involved in community schemes. For Community Schemes, the message is clear: Compliance with POPIA and PAIA is not optional. The Information Regulator of South Africa has the authority, processes, and enforcement mechanisms to ensure compliance.
The PPRA clarifies the B-BBEE dilemma for Property Practitioners
Following the amendment of the Property Practitioners Act in South Africa, making it compulsory for Property Practitioners to have a valid BEE Certificate before they can renew their Fidelity Fund Certificate (FFC) going forward (read the first announcement here). Through further communication with relevant parties, the Sense Business Systems team can now confirm that the […]
B-BBEE PROPERTY PRACTITIONERS: BE WARNED
The latest amendments to the Property Practitioners Act in South Africa makes it compulsory for Property Practitioners to have a valid BEE Certificate. Without it, they will not be able to renew their Fidelity Fund Certificate (FFC). This means all Property Practitioners now need a valid BEE Certificate to operate.
