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REGULATORY AUTHORITIES

SA Council for the Property Valuers Profession

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Tel: 012 348 8643
Fax: 012 348 7528
Address:
77 Kariba Street
Lynnwood Glen
Pretoria
Postbox:
PO Box 114
Menlyn
0063
Scope:
Eastern Cape, Free State, Gauteng, KwaZulu-Natal, Mpumalanga, North-West, Northern Cape, Northern Province, Western Cape.
The South African Council for Valuers was established on 1 January 1983 by section 2 of the Valuers’ Act, 1982 (Act No. 23 of 1982). On 31 August 2001, the Council was replaced by the SA Council for the Property Valuers Profession established by section 2 of The Property Valuers Profession Act, 2000.

The Council’s main functions are the:

registration of Professional Valuers, Professional Associated Valuers and Candidate Valuers.;
maintenance of their integrity;
enhancement of their status;
improvement of their academic and other qualifications and of the standard of services rendered by them;
protection of members of the public in their dealings with registered persons; and
drawing up and keeping up to date of a register of all registered persons

From The Glossary »

Simple interest:

Simple interest is straight forward interest, for instance, if you invest R1 000 at a simple interest rate of 12% per year, you will earn interest of R120 making your saving a total of R1 120 after the first year. For as long as your money is invested you will earn 12% per year, i. e. R120, that is added to your original investment of R1 000.
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