The South African Property Association (Sapoa) would not tolerate its members being involved in corrupt activity and would terminate the membership of any member found to be corrupt, Sapoa outgoing president Estienne de Klerk said on Wednesday.
Speaking at the Sapoa Convention, held in Cape Town, De Klerk referred to comments by former Finance Minister Pravin Gordhan, who, in his Budget Speech earlier this year, stated that the property sector was corrupt.
“While we have made remarkable progress working with government, it isn’t always easy and we have found ourselves in the position where confrontation was necessary. In these cases, we have not backed down.
“While we should not accept corrupt conduct from government, or their officials, we also should not accept it from our own industry. Returning to basic market principles will go a long way to eradicate corruption,” he stated.
By: Leandi Kolver