Is my deposit Safe ?

Your deposit still belongs to you, not the landlord or the management company.

It is held in a trust account for you and is meant to cover any damages or outstanding amounts when you move out.

In South Africa, monies in a trust account are highly regulated by the Property Practitioners Act, in property terms, the Property Practitioners Act Property Practitioners Regulatory Authority (PPRA) ( the board that regulates the South African Property Market ), governs all trust account money for Real Estate Agents, property management companies or any associated companies with the property market.