White minimalist logo with a stylised tree on the left, the word "PARETO" in large letters, and the phrase "GROWING PLACES" below. - Pareto Limited

About Pareto

About the Group

A Legacy Built on People, Places and Purpose.

Pareto Limited is a proudly South African property investment company that owns and manages a portfolio of iconic retail, hospitality and conferencing destinations across Gauteng, the Western Cape, KwaZulu-Natal and the Free State.

Our shopping centres are the heart and soul of their communities, places where people connect, local businesses grow and meaningful retail and entertainment experiences happen every day. We invest for the long term, creating sustainable value for our shareholder, and the communities connected to our properties.

Firmly rooted in South Africa and globally connected, Pareto extends its long-term investment approach through a 50% stake in Atterbury Europe, with assets across Romania, Cyprus and Serbia.

For almost thirty years, we have built and invested in the communities we serve. That is what growing people and growing places mean in practice.

Two children wearing paper crowns play in a water fountain area outdoors on a sunny day, with buildings and more children visible in the background. - Pareto Limited
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VISION

Offer the best marketplace for people to earn, shop and play through our portfolio of iconic and sustainable properties. World class corporate citizen, growing people and places

Mission

Provide superior customer shopping experiences through Pareto's properties to generate sustainable and diversified total returns for the shareholder.

Culture

A world-class, inclusive and responsible corporate citizen growing people and places across South Africa.

Values

Cohesion and Inclusion · Accountability and Integrity · Respect · Excellence

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Shopping Centres

Across South Africa and Europe

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Countries Across Our Footprint

South Africa · Romania · Serbia · Cyprus

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Years of Investment & Stewardship

Building and growing places for the long term

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Stake in Atterbury Europe

Extending our investment footprint into Europe

Our Leadership
 

Executive Directors

Rakhi Nundkoomar — Group CFO, Pareto Limited

Rakhi Nundkoomar

Group Chief Financial Officer

Malose Kekana — Group CEO, Pareto Limited

Malose Kekana

Group Chief Executive Officer

NON-EXECUTIVE DIRECTORS

Narriman Taliep — Board of Directors, Pareto Limited

Narriman Taliep

Douglas Davids — Board of Directors, Pareto Limited

Douglas Davids

Maureen Manyama — Board of Directors, Pareto Limited

Maureen Manyama

Bhekabantu Wilfred Ngubane — Board of Directors, Pareto Limited

Bhekabantu  Ngubane

Mashilo Pitjeng — Board of Directors, Pareto Limited

Mashilo Pitjeng

Memberships & Affiliations

Recognised. Affiliated. Accountable.

Pareto Cares

Communities First. Always.

Our commitment to South Africa extends far beyond the retail floor. Through the Pareto Cares programme, we invest in the educational, social, and economic wellbeing of the communities surrounding our centres — because growing places means growing people.

From school and skills development programmes to small business support, our community investment is intentional, sustained, and rooted in the belief that a thriving community is the best environment for a thriving retail destination.

Pareto Limited Community Outreach Programme — Mandela Day school initiative
Learn More About Pareto
Rakhi Nundkoomar — Group CFO, Pareto Limited

Rakhi Nundkoomar

  • 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
Malose Kekana — Group CEO, Pareto Limited

Malose Kekana

  • 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 a former chairman of Ithala SOC Limited, the KZN provincial banking institution. He was appointed to the Group Board in 2016
Narriman Taliep — Board of Directors, Pareto Limited

Narriman Taliep

  • Narriman Taliep is a Chartered Accountant, CA (SA).
  • She started her career at the V&A Waterfront. During her 18 years, she facilitated various due diligences for the sale of the Waterfront in 2006 and 2011. Her achievements include successfully concluding the GV2012 and GV2015 rates disputes and growing the non-property revenue for the fibre optic infrastructure.
  • She also served as the CFO of the V&A Waterfront and during this time was nominated for the CFO Awards in 2020.
  • She is the founder and CEO of NT Advisory (Pty)Ltd.
  • Her diverse and professional experience includes corporate governance, business development, stakeholder and risk management and financial and auditing management.
  • She is passionate about transformation and driving opportunities which enhance economic growth and job creation.
  • She is currently a Non- Executive Director for the Rand Capital Group and serves as a Trustee on the Vodacom Connect for Change Non- Profit Organisation.
  • She was appointed to the Board of Pareto in December 2020, and she is currently a member of the Human Resources and Remuneration Committee and a permanent attendee of the Capital and Investment Committee and the Audit and Risk Committee.
Douglas Davids — Board of Directors, Pareto Limited

Douglas Davids

  • Mr Davids has 25 years of Accounting and Investment management experience.
  • He obtained his BCom from the University of the Western Cape in 1990 and his BCom (Hons) from the University of Cape Town in 2002.
  • During this time, he worked his way up from Internal Auditor and Management Accountant to Portfolio Manager and Investment Analyst.
  • He then obtained his MBA from the University of Stellenbosch in 2007 while serving as Senior Portfolio Manager and Investment Analyst with Old Mutual Investment Group.
  • In 2017 he obtained his M.Phil. in Development Finance from the University of Stellenbosch while serving as the Chief Investment Officer at Fidus Asset Management.
  • Mr Davids joined Pareto Limited as a Board member in December 2022 and will serve as a member of the Audit and Risk Committee and Capital and Investments Committee.
Maureen Manyama — Board of Directors, Pareto Limited

Maureen Manyama

  • Ms Manyama is currently the Chairman of the Board of Pareto.
  • She is a Chartered Accountant (South Africa). She obtained her B.Com Hons (Taxation) at the University of Pretoria in 2003 and Masters of Business Administration at GIBS in 2007.
  • She worked as a CFO and Executive Director at the South African Forestry Limited Company (2010); and Airports Company South Africa (2013 to 2017).
  • She has a vast experience within these various sectors; Financial Services; Aviation, logistics infrastructure; Agro – Processing; Accounting, Taxation and Governance; Manufacturing – Defence & Manufacturing; Education; with geographical exposure to South Africa, SADC, West Africa, India, USA, UK and Europe.
  • She has served at different committees, boards at both public and private sector, since 2004 to date.
  • She is currently the Chairman of the Audit & Risk Committee at the Nelson Mandela University and Sentech SOC Ltd. She is also a member of the Social & Ethics Committee; and Investment Committee for Sentech SOC Ltd.
  • She was appointed to the Board of Pareto in February 2020 and she currently serves as a member of the Human Resources and Remuneration Committee and the Social, Ethics and Sustainability Committee.
Bhekabantu Wilfred Ngubane — Board of Directors, Pareto Limited

Bhekabantu Ngubane

  • Mr Ngubane is a Chartered Accountant. He is the founding member and former chairman and CEO at Ngubane & Company. a firm of Chartered Accountants. He has vast experience within the public sector.
  • He also currently serves as a  Chairman of both the Audit and Risk Committee and is a member of the Human Resources and Remuneration Committee at Pareto Limited.
  • 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 Pitjeng — Board of Directors, Pareto Limited

Mashilo Pitjeng

  • Mr Pitjeng is currently the Managing Director of TseboREAL Asset Management, a division of Tsebo BLK Consulting.
  • He also currently serves as the chairman of both the Social, Ethics and Sustainability Committee and the Capital and Investment Committee and also serves as a member of the Audit and Risk Committee at Pareto limited.
  • 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.