The document discusses the EAAB Entrepreneurial Empowerment Initiatives' Property Incubator program. The program aims to promote entrepreneurship among youth, women, and people with disabilities in the property sector. It establishes property incubators to provide training, mentorship and business opportunities. Trainees complete internships, qualifications and can ultimately open their own estate agency firms. The incubator aims to address spatial inequalities and lack of economic opportunities for targeted groups. It will create new businesses and jobs in the property market worth R4.9 trillion annually.

1. EAAB ENTREPRENEURAIL
EMPOWERMENT INITIATIVES’
PROPERTY INCUBATOR - SABIC

2. Apartheid spatial planning
placed some on a poverty cycle.
• The end of Apartheid might have removed the
legal framework allowing institutionalised
racism.
• Racism in South Africa both predates and
encompasses more than just the
institutionalised racism of apartheid.
• Apartheid spatial planning needs to be
reversed and re-engineered

7. The market we know
Registered bonds
7
-
200,000
400,000
600,000
800,000
1,000,000
1,200,000
0
10000
20000
30000
40000
50000
60000
70000
2003-1
2003-4
2003-7
2003-10
2004-1
2004-4
2004-7
2004-10
2005-1
2005-4
2005-7
2005-10
2006-1
2006-4
2006-7
2006-10
2007-1
2007-4
2007-7
2007-10
2008-1
2008-4
2008-7
2008-10
2009-1
2009-4
2009-7
2009-10
2010-1
2010-4
2010-7
2010-10
2011-1
2011-4
2011-7
2011-10
2012-1
2012-4
2012-7
2012-10
2013-1
2013-4
2013-7
Registered Bonds
Average Value of Registered Bonds

8. The market we know
8
-
200,000
400,000
600,000
800,000
1,000,000
1,200,000
0
5000
10000
15000
20000
25000
30000
35000
40000
45000
2003-1
2003-4
2003-7
2003-10
2004-1
2004-4
2004-7
2004-10
2005-1
2005-4
2005-7
2005-10
2006-1
2006-4
2006-7
2006-10
2007-1
2007-4
2007-7
2007-10
2008-1
2008-4
2008-7
2008-10
2009-1
2009-4
2009-7
2009-10
2010-1
2010-4
2010-7
2010-10
2011-1
2011-4
2011-7
2011-10
2012-1
2012-4
2012-7
2012-10
2013-1
2013-4
2013-7
Registered Transfers
Registered Transfers
Average Value of Registered Transfers

9. Estate Agency Firms
Estate Agents
0
2000
4000
6000
8000
10000
12000
14000
16000
18000
20000
4674
2728
1322
736 392 428 359 185 120
18252
9605
5938
2362
1684 1356 1144
624 395
Estate
Agency
Firms
Estate
Agents
Geographical Province Grid Report – Estate Agency Affairs
Board Fidelity Fund Certificates Issued for 2013

10. 2013 Provincial and Racial Statistics …
Fidelity Fund Certificates issued to
Estate Agents in the Free State
4%
7%
0%
89%
ASIAN 46
BLACK 76
COLOURED 0
WHITE 1004

11. 2013 Provincial and Racial Statistics …
Fidelity Fund Certificates issued to
Estate Agents in Limpopo
4%
23%
0%
73%
ASIAN 24
BLACK 150
COLOURED 1
WHITE 466

12. 6% 8% 2%
84%
ASIAN 130
BLACK 151
COLOURED 17
WHITE 2043
Fidelity Fund Certificates issued to
Estate Agents in the Eastern Cape
2013 Provincial and Racial Statistics …

13. 5% 9% 0%
86%
ASIAN 77
BLACK 148
COLOURED 3
WHITE 1365
Fidelity Fund Certificates issued to
Estate Agents in Mpumalanga
2013 Provincial and Racial Statistics …

14. 5%
15%
2%
78%
ASIAN 673
BLACK 1972
COLOURED 122
WHITE 15501
Fidelity Fund Certificates issued to
Estate Agents in Gauteng
2013 Provincial and Racial Statistics …

15. 4% 6%
1%
89%
ASIAN 58
BLACK 76
COLOURED 8
WHITE 1121
Fidelity Fund Certificates issued to
Estate Agents in the North West
2013 Provincial and Racial Statistics …

16. 14%
8%
2%
76%
ASIAN 703
BLACK 334
COLOURED 32
WHITE 4788
Fidelity Fund Certificates issued to
Estate Agents in KwaZulu Natal
2013 Provincial and Racial Statistics …

17. 8%
7%
2%
83%
ASIAN 24
BLACK 21
COLOURED 8
WHITE 318
Fidelity Fund Certificates issued to
Estate Agents in the Northern Cape
2013 Provincial and Racial Statistics …

18. 6%
3%
3%
88%
ASIAN 485
BLACK 110
COLOURED 121
WHITE 8874
Fidelity Fund Certificates issued to
Estate Agents in the Western Cape
2013 Provincial and Racial Statistics …

19. EAAB ENTREPRENEURAIL
EMPOWERMENT INITIATIVES

20. Current Position JHB
20

21. Current Position KZN
21

22. Current Position Western Cape
22

23. Current Position Eastern Cape
23

24.  The National Development
Plan (NDP) has identified the
small, micro, medium
enterprises (SMME’s) as one
of the crucial components of
the South African economy to
stimulate economic growth
and development
qualifications.
 Department of Small Business
Development was established
to prioritise on a large scale
the development and
advancement of SMME’s in
order to accelerate economic
growth and development.
WHY IS THE EAAB
FOCUSED ON
ENTREPRENEURAIL
EMPOWERMENT
PROPERTY INCUBATORS

25. The ‘
’ FOCUS ON YOUTH AND
WOMEN AND PEOPLE WITH
DISABILITIES.
 To fast-track YOUTH AND WOMEN AND
PEOPLE WITH DISABILITIES empowerment
and development within the property market
requires implementation of specific and
targeted measures in order to achieve
significant progress.
 The programme is available to young
entrepreneurs who are matriculants, FET
(TVET) college graduates, university and
university of technology graduates and
persons with disability.
TARGET GROUPS

26. Complete online
application and upload CV
Placement of learner
with registered estate
agency firm
Apply to EAAB for intern
fidelity fund certificate
Enroll and write PDE 4
Complete intern
logbook for EAAB
assessment
Complete 12 month
internship and obtain FETC:
Real Estate NQF Level 4
Apply for status upgrade
to Professional
Practitioner in Real Estate
(PPRE)
Obtain National
Certificate: Real Estate
Apply for status upgrade and
open estate agency firm
Enroll and write PDE 5 within
two years to obtain the
Master Practitioner in Real
Estate (MPRE)

27. Grouping Status
SEEFF PLEDGE SIGNED
REMAX PLEDGE SIGNED
JAWITZ PLEDGE SIGNED
PAM GOLDING PLEDGE SIGNED
WAKEFIELDS PLEDGE SIGNED
BROLL PLEDGE SIGNED
GROWTH POINT PLEDGE SIGNED
ENKEL & VOLKERS PLEDGE SIGNED
LEAPFROG PLEDGE SIGNED
RAWSONS PLEDGE SIGNED
CHASE EVERITT PLEDGE SIGNED
HARCOURTS PLEDGE SIGNED
KNIGHT PORTER & FRANK PLEDGE SIGNED
LEW GEFFEN PLEDGE SIGNED
Many Small and medium Agencies PLEDGE SIGNED
PLEDGE STATUS

31. The youth in incubators results: Sales R33m Comm R1.3m.
0
1,000,000
2,000,000
3,000,000
4,000,000
5,000,000
6,000,000
7,000,000
8,000,000
Value of Sales/ Lease learners
involvement
Sales
0
100000
200000
300000
400000
500000
Commission Received by
learners
Commision

32. • Allocation of 30% of property maintenance contracts to
youth and women and people with disability
entrepreneurs;
• Allocation of 30% of property cleaning contracts to youth
and women and people with disability entrepreneurs;
• Allocation of 30% of painting maintenance contracts to
youth and women and people with disability
entrepreneurs;
• Allocation of 30% of gardening and landscaping contracts
to youth and women and people with disability

33. • Allocation of 30% plumbing maintenance contracts to youth and
women and people with disability entrepreneurs;
• Allocation of 30% air-conditioning service and maintenance
contracts to youth and women and people with disability
entrepreneurs;
• Allocation of 30% electrical maintenance contracts to youth and
women and people with disability entrepreneurs;
• Allocation of 30% parking management contracts to youth and
women and people with disability entrepreneurs;

34. Estate Agency Affairs Board, in collaboration with all role-
players and stakeholders within the property market and
sector including major property market players seeks to
promote the development of SMME’s in the country within
the property market with the objective of creating new
opportunities for YOUTH AND WOMEN AND PEOPLE WITH
DISABILITIES by PLACING THEM IN PROPERTY SERVICES
INCUBATORS and matching them with existing firms that
currently render services in the property market with the
related services..

35. The INCUBATOR will create business owners in youth and
female entrepreneurs with the relevant skills, business
experience and transaction flow to meaningfully
participate in the economic benefits of this R4.9 trillion
sector

36. The youth entrepreneurs are invited to register for the EAAB
empowerment initiatives in order to participate the
incubators.

37. “A GOLDEN OPPORTUNITY TO CREATE NEW
INCUBATOR FOR YOUTH ENTREPRENEURS AND NEW
JOBS
FOR SOUTH AFRICA”

38. BACKGROUND
With the advent of the
Consumer Protection Act,
2011, sellers and buyers of
property and estate agents are
now more aware of the need
to be diligent in disclosing the
true condition of the property
to the buyer;
The CPA has made it relatively
simple and free for aggrieved
property buyers to refer
complaints to the National
Consumer Commission;

39. Property assessment
entails a comprehensive
assessment of the
property to identify and
highlight any defects (if
any);
WHAT IS
PROPERTY
ASSESSMENT?

40.  Self-employment would be enhanced;
 Entrepreneurial development will be stimulated;
 Reduction of unemployment and poverty;
 Enhancing professionalism within the property market;
 Better regulation of the sector;
 Enhancement of sustainable human settlements as
properties will be subjected to constant property
assessments when exchanging hands;

41. For further information on the
‘
:
Estate Agency Affairs Board
on www.eaab.org.za or
Tel: 087 285 3222 or email
ceo@eaab.org.za
http://www.eaab.org.za
’