Sapoa president Chetty sets goals for year ahead

Posted On Thursday, 26 May 2005 02:00 Published by eProp Commercial Property News
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South African commercial property association Sapoa's 2005 president TC Chetty is a town planner whose vision has contributed to changing Umhlanga, north of Durban, from sugar-cane fields into the property success story of the decade.

Sapoa CEO Neil GopalIn releasing former cane land for redevelopment, Tongaat-Hulett's property arm, Moreland Developments, has pumped more than R10bn into the area.

Last week Chetty, who is Moreland's planning and development co-ordination director, said Sapoa had identified several key industry focus issues and he would dedicate his year-long presidency to finding resolutions.

The national body, as well as unifying the industry and adopting the property charter, seeks to bolster links between business and the three tiers of government to co-ordinate a vision for the country's property future.

Internally, Sapoa needed to strengthen its regional base and broaden membership to include more previously disadvantaged players and small, medium and microenterprise property businesses, Chetty said.

He said he wanted to witness closer ties forged with the South African Institute of Black Property Practitioners and said the two organisations were working towards this reality.

Since joining Moreland in 1994, Chetty has seen the land north of Durban evolve into the multimillion-rand Zimbali development, the R1,2bn Gateway shopping centre, Umhlanga's new town centre, Mount Edgecombe golf courses and residential estates and the corporate and residential vibrancy of the Ridge.

Moreland was also instrumental in the public-private partnership that developed the R750m uShaka Marine World to rejuvenate the Durban point area. In anticipating the challenges in the year ahead, Chetty said the current industry boom posed advantages and disadvantages for Sapoa.

During boom times, there was the perception that "Sapoa does not have too much to do".

However, he said, it was precisely during these upswings that the body had to maintain momentum and relevance for the industry.

Transformation was another key challenge and Chetty said the industry charter was addressing the issue nationally, while Sapoa was playing its role via educational workshops and seminars.

Chetty has set high goals for his presidency year and recognises the opportunities for the South African property industry during its boom-time.

These include an economic climate conducive to unifying the various property role-players to eliminate fragmentation.

This was not a call for a single property body, Chetty said, but it was essential that there were closer relationships and better communication between players.


Last modified on Saturday, 07 June 2014 18:11

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