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
Prudential funds have to conform to legislation governing retirement funds (regulation 28 of the Pensions Fund Act) which lays down certain guidelines. The act restricts their exposure to equities to 75 percent of total assets, in order to reduce the risk and volatility of these funds. Prudential funds aim for a balance between income and capital appreciation, while maintaining a moderate level of risk. Fund managers have to make two choices; which ...