The South African Property Owners Association (SAPOA) and the Nelson Mandela Bay Business Chamber have signed a Memorandum of Understanding (MOU) aimed at advancing business enablement within the commercial property sector.

“The MOU with SAPOA is a vital step towards fostering an environment that supports business 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,” commented Denise van Huyssteen, CEO of the Nelson Mandela Bay Business Chamber.

The 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. In 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.

“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, andwith 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,” highlighted Neil Gopal, CEO of SAPOA.