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PropPlan ( Pty ) Ltd ( PropPlan ) is an authorised Category I financial services provider ( FSP ) and a registered property practitioner. (
PropPlan Pty Ltd PropPlan is an authorised Category I financial services provider FSP and a registered property practitioner.i The Consumer Protection Act of the CPA applies to PropPlan's activities, as a registered property practitioner, but not to itsactivities as an authorised Category I FSPii PropPlan wants to declare dividends to its shareholders. Its shareholders must authorise the dividend declaration, by way of a shareholders' resolution.iii PropPlan has a third party named collective investment scheme portfolio. The portfolio is classified within the Association for Savings and Investment South Africa ASISA Equity General portfolioclassification category. This means the portfolio must invest: at least of its assets in South African investment markets, with a maximum of of its assets outside of South Africa, plus an additional of its assets in Africa, excluding South Africa; and a minimum of of the net asset value of the portfolio in equity.
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