Annual Reports

Annual Report 2024/2025

Advancing the Property Valuation Profession

The South African Council for the Property Valuers Profession presents its Annual Report for the financial year ended 31 March 2025.

The report provides an account of SACPVP's performance, governance, registration activities, professional development initiatives, transformation progress and audited financial results during the 2024/2025 financial year.

Throughout the reporting period, the Council continued to strengthen its governance structures, improve regulatory processes, support registered persons and protect the public in its dealings with property valuation professionals.

2024/2025 Highlights

• 2,491 active registered persons as at 31 March 2025
• 170 new registrations and re-registrations
• 74 registered persons attended the annual Practical Work School
• 22 professional conduct complaints were recorded
• A revised Continued Professional Development Policy was approved
• Progress was made on the integration and improvement of SACPVP's registration systems
• SACPVP retained its recognition as a professional body by the South African Qualifications Authority
• The Council received an unqualified audit opinion for the second consecutive year
• A financial surplus of R235,497 was recorded for the year

Registration and Transformation

SACPVP continued working towards a more inclusive and representative property valuation profession.

As at 31 March 2025, women represented 33% of active registered persons, while Black African professionals represented 41% of the active register.

During the financial year, approximately 74% of new registrations were Black African professionals and approximately 45% were women.

The average age of newly registered persons was 33 years, demonstrating continued progress towards attracting younger professionals into the property valuation sector.

Professional Standards and Development

During the reporting period, SACPVP continued to support professional competence through education, examinations, Continued Professional Development and engagement with accredited tertiary institutions.

The Council also progressed work relating to:

• South African property valuation standards
• The proposed consolidated professional guide known as the Gold Book
• Recognition of Prior Learning
• Registration categories and professional pathways
• The experiential matrix for registration
• Online registration and digital registration services

Governance and Financial Performance

SACPVP continued strengthening its governance, financial management and internal control environment during the 2024/2025 financial year.

The independent external auditor issued an unqualified audit opinion on the Annual Financial Statements for the year ended 31 March 2025.

SACPVP recorded total income, including finance income, of R9,966,519, operating expenses of R9,731,022 and a surplus of R235,497.