Shining the spotlight on women in SA’s property space

As we near the end of the year, reflecting on the progress made towards inclusive growth for women in all sectors, particularly in the property space, remains vital. The commitment to empowering women in the workplace was reiterated at the start of the year by business leaders and politicians alike. In a recent interview on CNBC Africa, Sunni, a prominent figure in the South African property sector, highlighted some of the key milestones achieved in the past year. One notable achievement was the release of the transformation sector report, which revealed that seven percent of women now hold senior and executive positions within the sector - a significant step forward. However, despite these advancements, challenges such as voting rights and employment equity still persist. Sunni pointed out that there is a lack of assertive quotas and aggressive implementation strategies that could further accelerate progress for women in the industry. Economic factors, such as slow growth in property transactions and the poor state of the economy, have also impeded the advancement of women in the sector. Large companies facing closures and seeking business rescue have led to job losses, further exacerbating the situation. Despite these challenges, the economic stimulus plan announced by the country's president, including a 400 billion rand infrastructure fund, has brought a sense of hope to the property and construction sectors. Sunni emphasized the importance of clarity on where the funds will be allocated, advocating for development in non-urban areas and basic infrastructure improvement. Policy uncertainty, particularly surrounding the land debate and reform, remains a pressing issue for the industry. Sunni stressed the need for fair and equitable land reform policies, ensuring that previously disadvantaged communities are given the opportunity to regain ownership. Looking ahead, the anticipation for the upcoming property awards ceremony is palpable. The event serves as a platform to celebrate women's exceptional leadership and accomplishments in the sector. Sunni expressed excitement about recognizing women who have made significant contributions to the industry and acknowledged the premier sponsor, efforts companies South Africa, for their continued support in championing women in the property sector.