CEO Today Africa Awards

SOUTH AFRICA www.ceotodaymagazine.com 76 CEO Today Africa Awards 2017 REBOSIS (combining family names of his children). REBOSIS became the first black property fund to list on the JSE on 17 May 2011. As CEO of Rebosis, Sisa has positioned the business: • as a retail focused fund of large dominant shopping malls that enjoys a sovereign underpin on its commercial portfolio; • with enviable property assets that are of a superior quality and that are well looked after internally (the Rebosis portfolio of high grade properties under management is valued in excess of R19 Billion); • with experienced and highly skilled management teams with depth and deep knowledge of the business; and • on sound footing with systems, processes and well defined accountability and reporting structures. During his tenure with Rebosis, as founding CEO, Sisa has notably: • created the first black run, managed and controlled fund to list in South Africa; • achieved solid and well above inflation income and valuation growth on the assets each year since listing; • realised every distribution forecast stated to shareholders each year since inception and listing in 2011; • grown the asset base six-fold from initial listing of R3.6 billion value to current R21.3 billion value of assets (and market cap from initial R1.6 billion to R9.6 billion); • co-founded New Frontier Property Group and listed it in Mauritius and the JSE ALTX in early 2015 New Frontier, which comprises two shopping centres in Burton-Upon Trent and Middlesbrough in the UK with a total GLA of 74 300m2. The tenant mix consist of some of the best known national retailers and supermarket operators including Marks and Spencer, New Look, H&M, BHS, Top Shop and WH Smith. It also just acquired a 3rd shopping centre in Blackpool; • successfully concluded the acquisition of the Ascension Property Fund and Manco, a subsidiary of Rebosis, with assets worth R4 billion and substantially tenanted by government departments; and • concluded a landmark transaction with Billion Group for the acquisition of two dominant regional shopping malls (Forest Hill City and Baywest Mall) and management companies that effectively internalised all Rebosis management with 226 staff members. Sisa is now the non-executive Deputy Chairman of Rebosis, effective from 1 October 2017, having retired as CEO as at 30 September 2017. Sisa, in his non-executive Deputy Chairman role, will give valuable strategic input to the Board into the future, with his property development skills and experience, having single handedly developed a number of regional shopping malls in South Africa, and leadership recognition that he earned. Sisa has run both Billion Group and Rebosis Property Fund. Rebosis has grown into a very large fund and it has become necessary to have a full time CEO to drive growth aspirations and to take the company into its next phase. Mr Andile Mazwai is the CEO with effect from 1 October 2017. Mr Mazwai was the COO of Rebosis and has become intimately involved and knowledgeablewith Rebosis’ operating environment, people and assets. Baywest Mall