Executive Summary
SACPVP delivered a second consecutive clean (unqualified) audit and shifted from prior losses to a modest surplus through tight cost containment and stronger internal controls. The Council advanced its seven-goal strategy—protecting the public, strengthening governance and finances, deepening reciprocal partnerships, tightening registration oversight, progressing rules and standards, expanding education/CPD and accreditation, and accelerating transformation. Notable operational moves included database migration (enabling better stats and future e-services), a revised CPD policy, and groundwork for a national "Gold Book" of SA valuation standards aligned to IVS.
Key Highlights
Clean audit (second year running)
Confirms sound financial management and improved controls.
Return to surplus
Cost containment and policy work (HR, finance, Delegation of Authority) stabilized finances.
Registration & oversight
Stricter, more consistent exam/registration screening; standing records in place; public education against unregistered practice.
Digital foundations
Phase 1 migration/integration of registration databases completed; website overhaul and online services (incl. e-registration/logbook) planned for 2025/26.
Standards & ethics
IVS adopted and accessible to Registered Persons; Code of Ethics finalized; SA-specific standards development (e.g., municipal rating) progressing.
Education/CPD
Revised CPD policy approved; Practical Work School model strengthened; accreditation cycle maintained with 5 institutions.
Transformation
Positive trend lines for female and black participation; ongoing work with PSCC and VA partners to deepen impact.
Quick Stats
Letters of Good Standing issued (FY 2024/25)
Confirmation of Registration letters (FY 2024/25)
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