Public Works and Infrastructure Deputy Minister Sihle Zikalala will on Thursday address the maiden Emerging Property Developers’ Summit, organised by the KwaZulu-Natal Property Sector Association in Zimbali, north of Durban.

The summit aims to assess progress made in the transformation of the property sector through access to land and finance by the emerging property developers.

The summit will also reflect on the emerging trends such as remote working on the property industry, obstacles and opportunities for previously disadvantaged sectors in the property industry.

The property sector, which is taking strain from the prevailing economic challenges, has experienced a huge decline.

Zikalala will give an update on the latest state of the property sector in South Africa and its reengineering programme, with the inclusion of emerging and young property players.

Source: South African Government News Agency