CIMA trainees adding value to property specialists with R21 Billion Rand portfolio

In the increasingly complex South African residential

property sector, clear lines of communication between

finance professionals and sales operations within property

companies have become imperative.

ANGOR Property Specialists, CIMA Training Partner and

one of the largest property management groups in South

Africa, manages properties valued in excess of R21 Billion

Rand.

The company has seen mounting complexity within

sectional title schemes and cluster developments in

particular. To deal with these complexities, ANGOR’s

executive team recognised the need for a step up in

professionalism and skill within its finance function,

Dennis Flammer, Executive Director, explains. “ANGOR

is aware of the need for a proper understanding of

fundamental accounting principles, effective management

of stakeholders, accountability, and a workforce capable

of adapting to the ever changing business environment.”

The company’s management has implemented a skills and

capacity building programme, employing postgraduate

students studying for their CIMA qualification. Their remit

is to ultimately take charge of the financial functions of

the business.

This initiative has already reaped rewards, says Flammer,

increasing the quality of reporting within the business.

ANGOR now has an effective and integrated client

financial reporting system, and the finance team has

succeeded in simplifying accounting and finance tools

used by non-finance colleagues. The changes have

resulted in a higher client satisfaction rate and have

made a considerable contribution towards the growth

of the business. In January 2010, ANGOR managed 128

buildings, 12,024 units. By January 2012, this had risen to

286 buildings, 19,977 units.

ANGOR developed a thorough skills transfer and

mentoring programme for its CIMA interns, says Flammer,

ensuring future business leaders are given experience and

training within different disciplines. “ANGOR has adopted

a professional approach to property management and has

created a culture of continually developing and improving

services to the property market.”

CIMA value: ANGOR Property Specialists (Pty) Ltd

Yearly appointments of CIMA trainees, developed in the various disciplines within the business. An exchange of consistent and high-quality information between finance and non-finance professionals.

‘Our CIMA interns are amongst the most highly skilled, prospective management accountants available in the industry. Our partnership with CIMA shows that ANGOR is committed to playing an integral role in ensuring that the property management industry in South Africa is able to develop a new generation of committed, qualified management accountants.’

Dennis FlammerExecutive Director, ANGOR Property Specialists (Pty) Ltd, South Africa

T. +44 (0)20 8849 2251 E. cima.contact@cimaglobal.com www.cimaglobal.com

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