Friday, 23 June 2017 08:41

Rebosis Property Fund names accomplished business leader Andile Mazwai as new CEO

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Rebosis Property Fund appoints Andile Mazwai as CEO with effect from 1 October 2017 taking over from founder Sisa Ngebulana who moves to Deputy Chairperson position.

Andile_Mazwai_COO_Rebosis_Property_Fund

Mr Mazwai is the COO of Rebosis and has become intimately involved and knowledgeable with Rebosis’ operating environment, people and assets.  

Mr Mazwai is an accomplished business leader and social entrepreneur. He holds a B Com Honours degree from UCT and is a stockbroker registered with the South African Institute of Stockbrokers. Mr Mazwai founded Mazwai Securities in 2001, which he reversed into Barnard Jacobs Mellet (BJM), acquiring 10% of BJM Holdings and was appointed as Co Group CEO.   

Mr Mazwai’s other roles include, notably: - Non-executive director of the JSE since 2001 - Chairman: JSE Self Regulatory Organisation Oversight Committee - Governor on the Board of St Mary’s Waverly - Past Chairman of the Board of Governors: Kearsney College  

The Board welcomes Mr Mazwai and notes his leadership and business acumen. It is confident that he will take the company into its next exciting phase.  

Mr Mazwai has been involved with Rebosis as:  - a founding director since listing in 2011; - the Chairman of the Investment Committee over last six years, where he has assessed all acquisitions and disposals; and - its incumbent COO responsible for all operational performance of the group’s businesses.  

The Board recognises that Mr Mazwai is well regarded by the market and has a keen understanding of the business, its strategy and growth opportunities, as well as other broader strategic imperatives key to its success and future.  

The Board further intends to announce a new appointment for the COO position Mr Mazwai will be vacating, who will have strong property and retail skills and experience, more-so given the tough macro-economic cycle in SA affecting the property sector. This process is already underway and will be announced in due course.  

The Board welcomes Mr Mazwai as incoming Group CEO and strongly believes that his appointment and leadership will bring independence and further drive the successes it has enjoyed whilst maintaining strong values and respectful approach to stakeholders that have been carefully built and maintained since inception.

 

Last modified on Friday, 23 June 2017 11:31

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