Business Maverick: Property Practitioners Board vows to clean house after probe confirms fraud allegations against CEO, staff

The board of the Property Practitioners Regulatory Authority – known until February this year as the Estate Agency Affairs Board – has vowed to take immediate action against parties implicated in a forensic investigation into fraud at the PPRA from 2011 to 2021.

On 13 July 2022, the board gave an update, saying that based on the preliminary findings, further serious allegations against the CEO and other staff members had been made. It then subjected her to a disciplinary process and referred allegations of fraud and other financial misconduct to the SAPS. Some of these unnamed individuals who were declared not fit and proper were appointed to critical positions in supply chain management within the PPRA. This, the board said in a statement, is concerning given the background of corruption at the authority.

The board was looking forward to dealing with the matter expeditiously so it could get on with its work. “It’s an unfortunate situation [that we find ourselves in].”Further findings include:

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