Phakathi is well known in the property industry having held the position of Managing Director of Pareto Limited since 2004. Among his many duties, Phakathi was responsible for developing the overall company strategy at Pareto which included enhancing the profitability of the existing property portfolio and growing the asset base. Prior to Pareto, Phakathi held the positions of senior Property Executive and senior Corporate Finance Manager at Eskom.
He was most recently Head of Strategy and Planning in the property division at Absa.
Marc Wainer, CEO of Redefine, says Phakathi's experience on the BEE Property Charter Council will assist Redefine in ensuring its properties comply with the Charter. Along with that, the expertise Phakathi gained through the management of Eskom's extensive portfolio will be put to good use as he determines the acquisitions and disposals needed to grow and improve the quality of Redefine's portfolio, adds Wainer.
