The Property Practitioners Regulatory Authority (PPRA) has issued an important notice to all property practitioners regarding fund deposits. Practitioners are urged to use their seven-digit reference numbers or, if unavailable, their ID numbers when depositing funds into the PPRA bank account. This step is crucial to ensure funds are accurately allocated to client accounts. Other reference numbers should not be used.

The banking details are as follows:

• PPRA Account:

  • Bank: Absa

  • Account Name: Property Practitioners Regulatory Authority

  • Account Number: 405 2033310

  • Branch Code: 632005

  • Swift Code: ABSAZAJJ

• PPFF Account (for fidelity fund-related deposits):

  • Bank: Nedbank

  • Account Name: Property Practitioners Fidelity Fund

  • Account Number: 1933030216

  • Branch Code: 198750

Read more on this on the PPRA website here and download the Notice on Depositing Funds to the PPRA.