Annual Reports

The active register grew from 2,491 to 2,580 persons. Of those, 1,140 were Black African and 897 were women.

The report notes that White men over 65 and aged 46 to 65 are no longer the largest member groups. Black African women aged 46 to 65 are now the largest single group, and Black African women and men in that age band together form the largest combined group.

146 new registrations were recorded. The average age of persons registered in the year was 33.4 years, below the four-year average of 34.3 years.

The Practical Work School ran from 25 to 29 August 2025 at the Kopanong Hotel and Conference Centre in Benoni. 70 registered persons attended all five days. The focus included the time value of money, and students valued an industrial property in Isando.

Pre-examination workshops were held on 3 and 4 September 2025 (15 attendees) and 5 and 6 March 2026 (28 attendees). Board examinations followed on 25 September 2025 and 18 March 2026.

The registration system that had been in use for more than two decades is being replaced. By mid-2026 the new system was about 90% deployed and tested, with final data migration scheduled for the end of August 2026. The website was redeveloped, and work started on a CPD portal so registered persons can capture their own CPD points.

SAQA approved re-recognition of SACPVP as a professional body until 9 February 2027. Programme accreditation visits planned for 2026 could not all proceed because of staffing constraints in the registration section.

Rakoma & Associates Inc. issued an unqualified audit opinion on the financial statements for the year ended 31 March 2026. The Council records this as the third consecutive clean audit, covering 2023/2024, 2024/2025 and 2025/2026.

Revenue and income were R10,539,078 and operating expenses were R11,591,611, resulting in a deficit of R1,052,533. This follows a surplus of R235,497 in 2024/2025.

Eleven complaints were lodged: two each for under-valuation, over-valuation, inadequate inspection, fraud and dishonesty, and incorrect methodology, and one for unprofessional conduct. No conflict-of-interest complaints were recorded.

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.

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

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.