Real Estate Investor Magazine South Africa December - January 2014 | Page 47

REI Commercial

The New BEE Legislation
Micro-enterprises – companies with a turnover of R10m or less
– will be exempt and immediately qualify for level 4 (companies
will aspire to at least a level 4 on the eight-rung scorecard), small
companies with a turnover of between R10m and R50m will
have a harder time of it, unless they are 100% black-owned.
Small enterprises will immediately qualify for level 1 status if
100% black-owned and level 2 if 51% black-owned. EconoBEE
CEO Keith Levenstein says that due to scorecard changes “it
will be 100% more difficult for white-owned small businesses to
maintain their current rating.”

New Technology For Parking
Following the very latest trends in parking management and
parking technology, Interpark, a member of Excellerate Property
Services, has committed to an investment of some R10 million
in new technology and infrastructure, including the latest
‘centralised’ technology, which can help reduce operating costs
for landlords.
Says Kate Wolfaardt, MD of Interpark: “The emerging
international trend for parking management operators is to
invest in centralised technology. This investment is both in their
wide area networks, IT platforms and technology.”

Valuable Input
Andrew Rissik, MD,
Sable FX
“Brace yourselves for a rollercoaster ride with
the Rand which gets knocked about by the
effects of QE, which is linked to Eurozone
debt problems and has its own internal
economic imbalances to deal with.”

www.reimag.co.za

Izak Petersen, CEO,
Dipula Income Fund
“Despite the fact that we expect the operating
environment to remain tough in the 2014
financial year, especially for office properties,
we expect distribution growth for the 2014
financial year to be between 7% and 8%.”

December January 2013/4 SA Real Estate Investor

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