The Nelson Mandela Bay Business Chamber, in collaboration with the South African Property Owners Association (SAPOA), have signed a strategic Memorandum of Understanding (MOU) aimed at advancing business enablement within the property sector. This partnership highlights the commitment of both organisations to driving economic growth, retaining and creating jobs and positioning Nelson Mandela Bay as a globally competitive and diverse investment hub.
SAPOA, the official voice of South Africa’s commercial and industrial real estate sector, represents nearly 90% of the country’s real estate companies. The association is dedicated to advocating for its members, maximising activity within the property sector, and fostering a vibrant, globally competitive industry. By teaming up with the Business Chamber, SAPOA aims to extend these efforts and contribute to the region’s economic progress.
Denise van Huyssteen, chief executive officer of the Nelson Mandela Bay Business Chamber, emphasised the significance of the collaboration: "The MOU with SAPOA is a vital step towards fostering an environment that supports business retention, growth and investment in Nelson Mandela Bay. A well managed property sector is fundamental to the success of the city’s businesses, and this partnership will play a pivotal role in ensuring our property market is optimally managed to attract investment and create jobs. Our low cost of living and low property prices make the Bay an attractive investment destination for businesses and families."
Neil Gopal, chief executive officer of SAPOA, also highlighted the importance of the partnership: "Our collaboration with the Nelson Mandela Bay Business Chamber represents a strong commitment to improving the region's property landscape. The city has immense potential, and with the correct approach to the management of property development and management, it can become a key player in the global real estate market. We are excited about the opportunities this partnership will bring, both in the short and long term, ultimately positioning Nelson Mandela Bay as a leading investment destination."
This MOU lays the groundwork for joint initiatives designed to improve property sector management, support business development and contribute to the region’s economic growth. In the short term, the partnership will focus on raising property management standards and fostering a business-friendly environment. Over the long term, the goal is to build a resilient, globally competitive property market that attracts both foreign and local investment, contributing to Nelson Mandela Bay’s sustainable economic development.
The partnership between SAPOA and the Chamber reflects a shared vision for a robust, competitive property market that benefits businesses and the broader community, ensuring long-term growth and success for the region.
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