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Property owners join the new SA

Posted On Friday, 25 June 2004 02:00 Published by eProp Commercial Property News
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Though often accused of being staid and resistant to change, the property industry is beginning to alter its profile. Its representative body, the SA Property Owners' Association (Sapoa), is for the first time being presided over by a woman, Finlay & Associates CEO Lynette Finlay. And the number of women and black property professionals running it this year has doubled.

Lynette FinlayAs head of the voice of commercial property in SA, Finlay will preside over the recovery of an industry that has languished for years. Factoriesand warehouses have been in recession for about a decade. And office rentshave been falling in most urban areas because of over development in thelate 1990s.

She will also oversee Sapoa's growing role in residential property.A new division, the Residential Property Owners Association (Respoa), was recently formed. It will deal with management problems in the sectionaltitle market. And it will also try to extend the booming house market,which covers 1,1m homes in traditional white areas, to include the 6,5mhomeowners in townships, tribal trust land and squatter camps.

Recently, Sapoa announced the appointment of its first black chief operating officer, Neil Gopal. A town planner, Gopal has spent the past decade inproperty management and development. He served on the boards of empowermentcompany Intersite and the Johannesburg Property Co.

The newly elected board includes Pareto Ltd chief operating officer Alex Phakathi and Gensec CEO Marna van der Walt. Moreland's T C Chetty is vice-president.

Sapoa is governed by a national council of 22 representatives and asmaller board of directors with seven elected officials.

Finlay confirms that the new team will push ahead with the implementationof a property charter as a goal in 2004.


Last modified on Tuesday, 10 June 2014 10:10

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