Success of women in real estate must be celebrated

Posted On Wednesday, 28 August 2013 19:14 Published by Commercial Property News
Rate this item
(0 votes)

The listed property sector has not a single woman CEO and only one chairwoman, but the past decade has seen women rise to senior executive positions.

Ipeleng MkhariWhile gender parity is not dissimilar to the challenges other business sectors face, in the real estate industry many women hold senior executive positions and are represented on the board of most listed property firms.

Research into female representation in the listed property sector showed that while no woman heads a listed property fund and only Rebosis has Anna Mokgokong as its nonexecutive chairwoman, progress has been made. According to Grant Thornton’s International Business Report on women, just more than one quarter of top decision-making roles in South African business was filled by women.

Delta Properties independent nonexecutive director Ipeleng Mkhari says: "The challenge of gender parity in the property sector is not dissimilar to challenges in other business sectors.

"When one considers that the property sector is broad in nature, we tend to find women located in service businesses that feed into the listed property sector."

She says one of the greatest obstacles to access and advancement in the sector is education. "As a past chairperson of Women’s Property Network, I established the first education trust during my term (in) 2007-09. The education trust is aimed at financially supporting young women in their property studies. (It) specifically targets young women in the property sector and has seen a number of women advancing to more senior roles in the property industry," Ms Mkhari says.

She says the second challenge in the advancement of women to senior roles in the listed sector is the lack of exposure generally in this market.

Rebosis financial director Janys Finn says: "In general, I do not view representation by women in the property sector as being different to representation in the general listed space, and have always been of the belief that the ceilings we encounter are largely due to the challenges faced by balancing our careers with the demands of raising a family and running a home."

Ms Finn says the challenges are worsened in a country that does not necessarily cater for the working woman.

Most Popular

Balwin's Munyaka registers record R850 million in opening weekend sales, selling 555 apartments

Mar 09, 2020
Steve_Brookes_Balwin_Properties
JSE listed Balwin Properties, a developer that cares about environmentally responsible…

Balwin Properties and ABSA launch South Africa’s first green home loan

Mar 13, 2020
Apartment 71933
JSE-listed Balwin Properties Limited (Balwin Properties or the Company) and Absa Group…

Growthpoint reports a steady first half with its growth strategies paying dividends

Mar 11, 2020
Growthpoint Properties Group CEO Norbert Sassee
Growthpoint Properties (JSE: GRT) reported distributable income growth of 2.2% to R3.2bn,…

Spear REIT launches innovative self-isolation campaign for returning travellers in Cape Town, South Africa to combat COVID-19:

Mar 18, 2020
Double Tree Op
JSE listed Spear REIT Limited, the owner of the Double Tree by Hilton Cape Town, is the…

Financial Fitness – Is this the right time to buy property?

Mar 20, 2020
Governor Lesetja Kganyago SARB1
With the South African Reserve Bank’s announcement of interest rates cut of 100 basis…

Please publish modules in offcanvas position.