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
A retirement plan wherein a certain amount or percentage of money is set aside each year for the benefit of the employee. There are restrictions as to when and how you can withdraw these funds without penalties. There is no way to know how much that will ultimately give the employee upon retiring, the amount contributed is fixed but the benefit is not.