Estate Agency Affairs Board of South Africa

Contact Details

Physical: 63 Wierda Road East, Wierda Valley, Sandton, Johannesburg, 2146
Postal: Private Bag X10, Benmore, 2010
Tel: 087 285 3222
Web:

Overview

The mission of the Estate Agency Affairs Board of South Africa (EAAB) is to ensure that the integrity of the transaction between the estate agent and consumer is of a high standard by regulating, protecting, guiding and enhancing the conduct of the estate agents' profession in South Africa through: registration and issue of fidelity fund certificates to qualifying applicants; prescribing and monitoring the standard of training and practical experience required by estate agents; investigating complaints on behalf of consumers against estate agents and instituting disciplinary proceedings against offending estate agents; conducting regular inspections of estate agencies; management, preservation and control of the Estate Agents Fidelity Fund; and acting as the supervisory body for the estate agency sector.

The Board's strategic goals are: regulating and controlling certain activities of estate agents in general maintenance and promotion of standards of conduct in the profession; setting essential, but attainable, minimum educational standards for estate agents; assisting, protecting and empowering consumers by creating awareness of their rights and obligations in real estate transactions; providing effective professional support to estate agents; ensuring that estate agents remain honest and capable service providers; ensuring compliance with the Financial Intelligence Centre Act (FICA) regulations in terms of its mandate as a supervisory body; furnishing practical broad-based support to all previously disadvantaged communities, while strongly promoting and encouraging the principles underlying employment equity and black economic empowerment; and striving for excellence and consistency in management, including the optimal and cost-effective utilisation of scarce resources.

Office Bearers/Management

Chairperson
Mr N Biko
Chief Executive Officer
Mr B Chaplog

Chairperson:
Mr Nkosinathi Biko
Deputy Chairperson:
Mr Yusuf Patel
Board Members:
Ms Jill Corfield
Ms Amanda Cuba
Mr Jan Davel
Ms Eugenia Kula-Ameyaw
Mr Manare Legodi
Mr Phumzile Makhosana
Mr Gauta Mogomane
Dr Ramola Naidoo
Ms Hellen Phaleng-Podile
Ms Thandiwe Profit-McLean
Ms Thembeka Semane
Adv Frans van der Westhuizen
Mr Christo Weilbach
Chief Executive Officer:
Mr Bryan Chaplog
Chief Financial Officer:
Mr Silence Mmotong
Senior Management:
Mr Anton Arendse (Executive)
Mr Jimmy Baloyi (Executive Manager: Compliance)
Mr Dineo Mphahele (Executive Manager: Inspectorate)
Mr Khwezi Ngwenya
Mr Nikita Sigaba (Chief Risk Officer)
Adv Jan Tladi (Technical Legal Analyst)
Communications Officers:
Ms Margie Campbell (Marketing and Publications Manager)

Financial Information

All Financial Values: R'0002015/162014/152013/142012/13
 
AUDIT OUTCOMEFinancially UnqualifiedFinancially UnqualifiedFinancially UnqualifiedClean Audit
 
FINANCIAL POSITION
Current Assets647 293647 603644 599608 303
Non-Current Assets116 99575 91875 431-
Total Assets764 288723 521720 031608 303
Current Liabilities44 06137 66535 60427 718
Non-Current Liabilities8 5569 2348 223-
Total Liabilities52 61746 89943 82727 718
Total Net Assets711 671676 623676 203580 585
 
FINANCIAL PERFORMANCE
Total Revenue138 230115 57492 80257 034
Revenue from Exchange Transactions124 65398 25876 55057 034
Revenue from Non-Exchange Transactions13 57717 31616 252-
Total Expenditure(133 489)(115 155)(93 395)(65 147)
Employee Costs(66 522)(57 260)(36 560)(49 990)
Surplus/(Deficit) for Year4 742419(593)(8 113)
 
CASH FLOW
Net Cash Flows from Operating Activities(8 027)10 097(770)(10 515)
Net Cash Flows from Investing Activities365 947(38 095)(9 708)95 071
Cash & Cash Equivalents at End of Year491 352133 432161 43086 809
 
UIFW EXPENDITURE
Unauthorised Expenditure----
Irregular Expenditure21621651528
Fruitless & Wasteful Expenditure----
 
HUMAN RESOURCES
Posts Approved12011991n/a
Posts Filled1049574n/a
 
SourcesAnnual ReportAnnual ReportAnnual Report n/a
NoteNot audited by AGSA. Independent Audit Report. Not audited by AGSA. Independent Audit Report.Not audited by AGSA. Independent Audit Report.Not audited by AGSA. Independent Audit Report.

Overseeing Department/Entity

Annual Reports


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