THE GROUP AT A GLANCE

Our extensive property portfolio and broad national footprint boast more than clever investments in some of Africa’s most prime locations –– they’re the heart and soul of communities, beacons of local economy, and thoughtful spaces where individuals enjoy meaningful experiences that extend beyond traditional shopping and predictable hotel lay-overs. They provide first-class opportunities for the public to thrive and offer sensory ways to shop, play, earn and live, while generating diversified total returns for its shareholders. With close to 30 000 people employed at each of our malls, we pride ourselves on uplifting the future of South Africa and creating sustainable employment. Through our local and international retailers, we have exposed the South African market to international brands and steered the globalisation of the continent.

From prestigious hotels and diverse, premium shopping centres, to the most sought-after conference spaces in the country, our passion for prime iconic properties, world-class experiences and people can be felt equally in our social investments, community upliftment projects and through the positive impact we make in each of the lives we touch. Through the partnership between Belelani Capital and the Government Employees Pension Fund (GEPF), Pareto is a proudly BBBEE company.

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VISION

Our vision is to offer first-class spaces for the public to shop, play, earn and live through a portfolio of iconic properties that are listed under a REIT on the Johannesburg Stock Exchange.

MISSION

Our primary aim is to create a superior customer experience through our world-class properties. Through this, we also generate sustainable and diversified total return for our shareholders.

VALUE

We believe that together, we can grow to unparalleled heights. Every decision we make reflects our values of loyalty, integrity, gratitude and honesty. Through upholding these values, we create satisfaction from an organisational level to an individual level.

PORTFOLIO OVERVIEW

OUR MANAGEMENT

EXECUTIVE DIRECTORS

  • Malose is a graduate of the University of Witwatersrand with a BCom in Finance.
  • Malose was the lead promoter during the acquisition of 24% shareholding in the Group by Belelani Capital and subsequently assumed the Group CEO position in the company.
  • He has over 23 years’ experience in the finance and banking industry. He started his banking career with Standard Bank.
  • He thereafter joined RMB, working in Risk Control, Corporate Finance and spent most of his career as a member of RMB Ventures, the private equity division.
  • Malose was the founding CEO of the Umsobomvu Youth Fund, a government Development Funding Institution, which was subsequently incorporated into the National Youth Development Agency. This entity was responsible for investing over R2 billion in youth skills and SMME development initiatives.
  • He is currently serving as chairman of Ithala SOC Limited, the KZN provincial banking institution. He was appointed to the Group Board in 2016
  • Rakhi is a Chartered Accountant with over 19 years’ experience in treasury, tax, procurement, financial and management reporting, governance and internal controls.
  • Prior to joining the Group, she was promoted to Chief Financial Officer of Transnet Property (a division of Transnet SOC Ltd) with exposure to the commercial and residential property sectors.
  • She served articles at Deloitte and was seconded to Deloitte London in the financial services sector with exposure to banking and insurance clients.
  • She also spent five years at Transnet Freight Rail (a division of Transnet SOC Ltd) responsible for financial reporting including the conversion to IFRS as well as the design and implementation of internal controls.
  • She was appointed to the Group Board in 2014

NON-EXECUTIVE DIRECTORS

  • Saul is currently the Chairman of the Board of Pareto. He joined Old Mutual Properties in late 1985 as an Accountant and left in 1990 as the Regional Finance Manager for Johannesburg.
  • He is the past president of the South African Institute of Black Property Practitioners and past vice-president of SAPOA, and is the former chairperson of the Property Sector Charter Council.
  • He is presently a Board member of the JSE listed Dipula Income Fund and Chief Executive Officer of Dijalo Property Services which provides property management and consultancy services to various landlords. He was appointed to the Pareto Board in 2010
  • Bhekabantu is a Chartered Accountant. He is the founding CEO at Ngubane & Co. a firm of Chartered Accountants. He has vast experience within the public sector.
  • Prior to establishing his company in 1995, he worked as a Financial Accountant at the Independent Newspapers, after earlier work experience as an Internal Auditor at the University of Zululand, Business Advisor at the Small Business Development Corporation.
  • He served his articles at KPMG. He sits on the Audit Committees of a number of key organisations.
  • He was appointed to the Pareto Board in 2015
  • Mashilo is currently the Managing Director of TseboREAL Asset Management, a division of Tsebo BLK Consulting.
  • Prior to his appointment at TseboREAL. He was the Head of Valuations at ABSA-Barclays Africa, where he was involved in the formulations of policies and procedures for property assessments, design and develop quality control tools.
  • Mr Pitjeng is also the founder of Innovative Real Estate, an independent real estate advisor, consulting and research.
  • He was appointed to the Pareto Board in 2015
  • Kapei is an MBA graduate with post graduate legal qualifications.
  • He joined the Public Investment Corporation in 1999 and worked as a Property Asset Manager until July 2007 when he moved to Ithala Development Finance Corporation where he briefly worked as a Divisional Manager for Property Asset Management.
  • In November 2007 Kapei joined Pareto Limited as Property Asset Manager, and later Senior Property Asset Manager from August 2009.
  • In September 2014 he rejoined the Public Investment Corporation as Senior Manager Property Investments. He also serves on the Board of Property Sector Charter Council. He was appointed to the Pareto Board in 2015

OUR MEMBERSHIPS