South African council for the property valuers profession conference 2013
By Mokgadi Shabangu
Frans Mothiba
The SA council of property valuers profession had their annual conference at the bytes conference Centre in Midrand on the 10th and 11th of October 2013. The conference was to provide brief a review of what SACPVP has been doing during the year, Education on different aspects in valuation field and to provide necessary information such as improvement of SA valuers manual.
It is important that valuers keep updated on what’s happening in the industry. Due to the technological advances of global warming it has become important that valuer is aware of this advances so that they can keep up with the international industry.
The topics that where covered during the conference where economic analysis, machine and equipment valuation, International valuation education, Bridging the gap between theory and practice in property valuation in south Africa. Professional indemnity insurance, Disciplinary procedures.
The council highlighted the fact that valuers who hold diplomas need to upgrade to a degree in order be able to be registered with council. DR Azusu highlighted that it is important that the curriculum being taught at the university needs to match up with what’s happening in industry. This will also assist graduates to be ready when they go to a work environment. This point was mentioned after one of the delegates mentioned that most interns can’t even write a valuation report.
The statistics show that most of the professional valuers in there are in their late forties and upward and that the valuation profession lacks women. Due to this analysis one of the delegates mention that it is important to recruit interns, inviting the public sector and private to hire more interns in order to make sure that more youngsters are introduced in this profession .The consensus was that industry professionals must at least mentor on student to ensure that the industry grows.
The conference was proudly sponsored by ABSA. The council president Mr. Molefi Kubuzie thanked the bank for the fruitful relationship and the support they give to the council. He further more thanks everyone who attended the conference and hopes the conference added value towards their valuation profession.
