Rebosis Property Fund, the JSE’s first listed black-managed and significantly black owned REIT, yesterday announced a sector leading empowerment transaction.

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.

Rebosis herewith announces some key leadership changes to the CEO and Board that will best position the company into its future.  

Rebosis Property Fund is gearing up for growth in one of South Africa’s fastest growing retail markets, Centurion, by capitalising on its local retail property portfolio.

AS the Eastern Cape’s largest shopping and entertainment centre, Baywest Mall, marks its second birthday this month (May 21), its performance for owners Rebosis Property Fund suggests consumer appetites for super-regional malls are far from waning.

Arrowhead, the South African JSE listed REIT, released its interim results today in line with guidance, despite a tough local economic and political environment.

Rebosis Property Fund, a JSE listed Real Estate Investment Trust (REIT) whose strategy is directed toward dominant retail malls and which recently internalised its management team, has reported net property income growth of 74,6% for the six months ended 28 February 2017.

Diversified property group Arrowhead Properties has ambitions to make sizable acquisitions in 2017.

Ascension Properties grows its distributable earnings by R238.6m in the year to August.

Rebosis Property Fund, the JSE’s first listed black-managed REIT, sustained strong distribution growth for the year ended 31 August 2016.