Non-Executive Directors

Sandile Hopeson Nomvete

Executive Chairman
EDP (Wits), Prop Dev. Prog. (UCT)

Sandile is the founder and Chief Executive Officer of Delta Property Fund, a REIT listed on the JSE with a portfolio of assets valued at R11.8 billion. At listing, Delta Property Fund comprised of assets to the value of R2.1 billion.

Sandile co-founded Motseng Investment Holdings which eventually became the empowerment partner to Marriot Property Group. A series of mergers and acquisitions within the sector provided the opportunity for Motseng to become the largest 100% black-owned property management company in South Africa.

Sandile serves as a director on a number of other listed entities, including KAP Limited. He has nearly a two decades’ experience in executive and non-executive positions. Sandile is a graduate of the Property Development Programme from the University of Cape town Graduate School of Business, and holds an Executive Development Programme and Finance for non-financial managers Diploma from the University of Witwatersrand Graduate School of Business.

  • Appointed to the Board: June 2014
  • Other Listed Directorships: 2

Peter McAllister Todd

Lead Independent Director
South African Residing in Mauritius

Peter qualified as an attorney and then became a senior tax manager at Arthur Anderson and Associates in Johannesburg. He joined TWS Rubin Ferguson in 1993 as a tax partner and was instrumental in listing several companies on the JSE. In 2000, Peter set up Osiris International Trustees Limited in the British Virgin Islands (“BVI”) to provide international trust and corporate administrative services to global clients, as well as Drake Fund Advisors which sets up and administers hedge funds in the BVI and Cayman Islands. He was a non-executive director of Redefine International Limited from initial listing for some 9 years and has otherwise been involved in the property industry for many years.

  • Appointed to the Board: August 2014
  • Other Listed Directorships: 3

Chandra Kumar Gujadhur

Independent Director

Chandra is the Chairman and co-founder of Apex Fund Services (Mauritius) Limited. He is also a member of the Institute of Chartered Accountants in England and Wales and an associate member of the Society of Trust and Estate Practitioners, has long standing experience in the auditing of offshore funds, fund structuring and tax planning. He was previously a member of the Accounting and Auditing task team of the Corporate Governance Committee of Mauritius and the Chairman and member of the Consultative Sub-Committee on the drawing up of the New Listing Rules of the Stock Exchange of Mauritius.

He retired as a senior partner with Deloitte at the end of September 2006, after 18 years, to assume the responsibility of Managing Director at Apex Mauritius. As a board member of numerous India-focused funds and companies he has gained extensive experience and knowledge on key industries in India and its principal capital markets.

  • Appointed to the Board: March 2015
  • Other Listed Directorships: 1

Ian McDonald MacLeod

Independent Director
BCom (Hons)

Ian holds a BCom (Honours) in Real Estate Investment, Valuation and Development and has over 41 years of experience with financial institutions, including Standard Bank of South Africa and Nedbank with a specific focus on Real Estate Credit Risk. He has extensive knowledge of the real estate sector’s key role players, business sector and geographic nodes. Ian has managed portfolios in excess of R40 billion during changing economic cycles and managing problematic properties in economic downturns. It is Ian’s expertise and knowledge that have seen him previously hold the position of Head of Credit for Real Estate.

  • Appointed to the Board: July 2015
  • Other Listed Directorships: 2

Jacqueline Rouxanne van Niekerk

Independent Director
BCom (Acc)

Jackie studied a BCom Accounting at the University of Pretoria and has 14  years of property experience in all property industries and disciplines. She joined Pivotal in 2009 as asset manager, where she gained experience in property management, investment and development in all property sectors. Jackie was elected to the Board and appointed as CEO in June 2013 and established Pivotal’s offshore strategy by successfully concluding the merger of Mara and Delta Africa to create the MaraDelta Africa fund (now Grit Real Estate Income Group) and acquired an equity stake in Echo Property Polska based in Poland. The establishment of Setso Property Fund, a unique black economic empowerment fund, was done under her mentorship. She has been instrumental in growing Pivotal from a R200 million to a R6.5 billion market cap fund before its successful merger with and subsequent delisting by Redefine Properties Limited in January 2017.

Jackie joined the board of Attacq Limited as Chief Operating Officer with effect from 1 May 2017 where she leads the asset management, business operations, human capital and risk management teams. In her new role, Van Niekerk also provides strategic support and advise the Executive Committee on matters pertaining to profitability and strategic initiatives.

  • Appointed to the Board: 1 June 2016
  • Other Listed Directorships: 2

Faith Matshepo More

Independent Director
CA (SA), BBusSci (Fin), CTA
Accredited SAICA Assessor

Matshepo is the Chief Financial Officer of South Africa’s largest asset management firm, the Public Investment Corporation (PIC). A qualified Chartered Accountant (CA), Matshepo has a solid financial experience in the asset management industry and the property sector. As a CFO, she is responsible for providing leadership to ensure that the PIC’s financial objectives are met. Similarly she is responsible for directing and overseeing all aspects of finance and accounting functions within the organisation, which includes a property portfolio valued at almost R40 billion. Before appointed CFO, Matshepo was a Senior Manager for the erstwhile PIC Real Estate Asset Managers, now PIC Properties, where her responsibilities included budgeting for and monitoring financial sustainability of the Properties business.

Her property experience extends beyond operations. She sits on Boards of Pareto – a company with substantial exposure to retail and mixed use properties across South Africa; Grit Real Estate Income Group – a property income fund dually-listed in Mauritius and Johannesburg with properties in selected African countries; and was previously a member of the CBS Properties Board and Comprop.  She is a member of the Boards of the PIC, Industrial Development Corporation and Independent Regulatory Board for Auditors and is an affiliate of South African Institute of Chartered Accountants (SAICA) and Advancement of Black Accountants in Southern Africa.

Matshepo’ has previously worked for the multinational auditing firm, Deloitte and was seconded to its New York Office, where she serviced Blackstone – an asset management firm with strong focus on private equity and real estate.  She holds a Bachelor of Business Science (Finance Honours, CA option) and Bachelor of Commerce in Accounting Honours (CTA).

  • Appointed to the Board: 7 February 2017

Executive Directors

Bronwyn Anne Corbett

Chief Executive Officer
BCom (Acc) (Univ. of Natal, PMB), CA(SA)

Bronwyn is the Chief Executive Officer of Grit Real Estate Income Group, the largest pan African focused real estate fund listed on the Johannesburg Stock Exchange and in Mauritius. Bronwyn has significant corporate finance and deal making experience. She played an instrumental role in the JSE listing of Delta Property Fund Limited in 2012 where she held the positions of Chief Financial Officer and Chief Operating Officer prior to taking up the leadership role at Mara Delta Property Holdings. During her tenure at Delta Property Fund Limited, Bronwyn spearheaded the diversification of the REIT’s funding sources into the debt capital markets, leading to the establishment of a ZAR2 billion Domestic Medium Term Note Programme (DMTN programme). She led the team responsible for obtaining a national scale issue rating from Global Credit Ratings as part of the DMTN programme.

In addition, Bronwyn co-headed the team responsible for growing assets under management from ZAR 2.2 billion at listing to ZAR 11.8 billion in May 2016. Bronwyn is a founder member and served as non-executive director on the board of Mara Delta Property Holdings (now Grit Real Estate Income Group) where she played a significant role in the listing and conversion of the fund to its current pan-African focus, underpinned by dollar based leases. She assumed the role of Chief Executive Officer in the lead-up to the fund’s merger with Pivotal to form Mara Delta. She has grown the portfolio from $220 million at inception to approximately $600 million currently.

  • Appointed to the Board: August 2015

Leon Paul van de Moortele

Chief Finance Officer
Bcompt (Hons), CA(SA)

After completing articles with PwC, Leon moved to the Global Risk Management Services within PwC, where he become the Senior Manager in charge of Data Management. In 2004, he moved to Solenta Aviation where he became Group Finance Director within 18 months.

During his tenure as Group Finance Director, the group expanded from 12 aircraft to 48 aircraft, operating in 8 African countries (including South Africa, Mozambique, Algeria, Ghana, Gabon, Kenya, Tanzania and Cote d’Ivoire). He joined Mara Delta in April 2015 as CFO, where he has continued to utilise his tax structuring knowledge and experience in operating in Africa to expand the asset base of the group.

  • Appointed to the Board: July 2015

Company Secretary

Intercontinental Fund Services Limited

Address: 
Level 5
Alexander House
35 Cybercity
Ebène
72201
Mauritius
Telephone:
(+230) 403 0800

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