Dipula board of directors announced

Posted On Tuesday, 05 July 2011 02:00 Published by Commercial Property News
Rate this item
(0 votes)

Dipula Income Fund, which is anticipated to list on the JSE soon, has announced a Board of Directors which encompasses an impressive depth of relevant expertise and pertinent experience

Brian AzizollahoffDipula Income Fund has been established through the merger of Dipula Property Fund and Mergence Africa Property Fund. Dipula has exceptional BEE credentials and it owns a sizeable and diverse commercial property portfolio.

The full board will comprise Chairman Zanele Matlala (independent, non-executive) and CEO Izak Petersen with Saul Gumede (Executive Director), Brigitte de Bruyn (Financial Director), Brian Azizollahoff (independent, non-executive), Eltie Links (independent, non-executive), Younaid Waja (independent, non-executive), Hosia Malekane, (non-executive), and Masimo Magerman (non-executive).

Matlala, who is the current CFO of Merafe Resources, will chair the board bringing with her valuable experience gained at KTI, the Development Bank of Southern Africa and the Industrial Development Corporation.

Chartered Accountant and co-founder of Dipula, Izak Petersen, will take up the reigns as CEO with his know-how in structured finance, property asset management, and equity derivatives.

“The Dipula Board of Directors represents the experience, skill and ability necessary for excellent corporate governance, competitive performance-driven strategy and effective execution,” notes Petersen. “Together the directors represent an exceptional source of strategic and operational direction to ensure Dipula delivers the best performance to its investors.”

Dipula owns a R1,4 billion property portfolio spanning some 320,000sqm gross lettable area and has concluded agreements to acquire more assets which will increase its portfolio to more than R2 billion.

“We are confident the board is in an excellent position to continue the legacy of entrepreneurial flair of both merging companies as we grow Dipula through a highly acquisitive strategy which takes best advantage of our unique market position”.

Last modified on Thursday, 24 April 2014 17:58

Most Popular

Redefine Properties appoints Diane Radley to board of directors

Jul 21, 2020
Diane_Radley
JSE-listed diversified Real Estate Investment Trust Redefine Properties (JSE: RDF) has…

Another interest rate cut makes it the ideal time to buy, rather than rent

Jul 23, 2020
Carl Coetzee CEO of BetterBond
With the interest rate at its lowest in decades, after the welcome announcement today of…

Lower house prices in the Western Cape behind renewed interest from first-home-buyers

Jul 16, 2020
Carl Coetzee CEO of BetterBond
Property in the Western Cape is regarded by many as among the most expensive in the…

Lockdown and low interest rates drive huge growth in home loan applications

Jul 17, 2020
oobarometer Q2 2020
The second quarter of 2020 (Q2 20) commenced with two months of lockdown for the real…

Construction resumes on Old Cape Quarter Development

Jul 22, 2020
Old_Cape_Quarter
Following the required pause during lockdown, construction has once again resumed on the…

Please publish modules in offcanvas position.