MRI
Supporting the Industry to Maximise New Verticals
Looking forward , MD Mark Fairweather is bullish about the future for the South African real estate industry .
“ We have 750 clients operating virtually across every aspect of real estate in South Africa , from commercial and residential to the retail and industrial sectors . We ’ re also investing heavily in the body corporate space .”
“ We ’ re supporting clients with a number of new opportunities . Many are beginning their own journeys internationally , expanding into Africa and Europe , and we ’ re supporting them with things like multicurrency requirements .”
“ We ’ re also keeping a close eye on the growth of new verticals in South Africa which are potential opportunities for our clients , such as student housing and affordable or public housing . While these are exciting growth areas , they come with their own compliance requirements which can be different from other areas of real estate . So , drawing from our global expertise , we ’ re working closely with clients in these verticals to ensure that our software remains compliant so that they can move into these spaces with confidence ,” Fairweather says .
The Best of Global Proptech to South Africa
While the raft of new feature developments underway at MRI Software is exciting , Fairweather is clear that the company ’ s real differentiator is its ability to leverage global expertise whilst retaining a strong , active presence on the ground .
MRI continues to maintain strong links with South Africa ’ s real estate industry through its memberships of the South African Property Owners Association and the National Association of Managing Agents . These relationships are critical in ensuring that MRI keeps its finger on the pulse of the regional market .
“ We ’ re members of a number of industry associations here in South Africa , and we attend their trade shows every year . In this way , our local team can stay on top of the changing legislation and ensure that our clients remain compliant , whether that ’ s JSE reporting requirements , accounting standards or banking requirements . We invest heavily to stay on top of compliance issues , both through industry relationships like these and by continuing to grow and develop our local team ,” Fairweather Concludes .
MRI AT A GLANCE
Company name : MRI Software LLC Company motto :
MRI Software is a leading provider of real estate software solutions that transforms the way communities live , work and play .
Years company has operated : 50 years ( est 1971 ) Countries where company has operated / operates :
United Kingdom , United States , Canada , Australia , New Zealand , Hong Kong , Singapore & South Africa
SA Real Estate Investor Magazine APRIL 2021 9