Wrap Text
Changes to the board of directors and to the function of a director of Rebosis
REBOSIS PROPERTY FUND LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2010/003468/06)
JSE share code: REB ISIN: ZAE000201687
(Approved as a REIT by the JSE)
(“Rebosis” or “the company”)
CHANGES TO THE BOARD OF DIRECTORS AND TO THE FUNCTION OF A DIRECTOR OF REBOSIS
Shareholders are advised that, with effect from 8 February 2017, Andile Mazwai, formerly an independent
non-executive director of Rebosis, has been appointed as an executive director and the chief operating officer of the
company.
Andile Mazwai, B.Com (Hons), Stockbroker, is the outgoing CEO of the National Stokvel Association of South
Africa. In his 3 year tenure as a social entrepreneur he grew membership of the association from 3,000 to 125,000
groups and developed its member-based benefits programme. He continues his involvement as its non-executive
chairman. Prior to this, he was the Group CEO of the listed brokerage firm Barnard Jacobs Mellet. It ranked amongst
the top institutional firms in South Africa, and enjoyed a strong private wealth business. In 2010 the domestic
institutional business was sold to Renaissance Capital, the international business to Religare and the wealth
management unit to First National Bank. Andile is an Independent non-executive director of the JSE Limited, New
Frontier Properties Limited and a governor on the board of St Mary’s Waverly.
Shareholders are further advised that Maurice Mdlolo and Francois Froneman have been appointed as independent
non-executive directors to the board.
Maurice Mdlolo, CEO of Umthombo Property Investments (Pty) Ltd, has a comprehensive track record of delivery in
the property sector. Maurice is the former managing director of Liberty Group Properties (Pty) Ltd, former CEO of
Akhona Broll Properties (Pty) Ltd and the former CEO of Motseng Marriott Property Services (Pty) Ltd. His other
roles included senior manager of real estate for Woolworths Holdings Limited and senior manager of properties at
Eskom Holdings Limited and Caltex Oil SA (Pty) Ltd. He has over 20 years of experience in property development,
property investment, property management, leasing, acquisitions, disposals and project management. Maurice holds a
degree from the University of South Africa and various management courses from various business schools. He also
served as a non-executive director at the South African Council of Shopping Centres and at Synergy Income Fund
Limited.
Francois Froneman, is a founding partner, chartered accountant and registered auditor with Middel & Partners and has
22 years’ experience in auditing with in-depth expertise in the property sector, imports and exports, manufacturing,
mine contracting and software development. He has also advised clients on implementing proper financial
management and controls, setting up internal audit procedures and process, performed numerous business analysis and
valuations and assisted clients in the preparation of IFRS financial statements.
The board of directors welcomes both Maurice and Francois as members of the board and looks forward to theirs and
Andile’s contribution to the company.
8 February 2016
Sponsor
Java Capital
Date: 08/02/2017 08:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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