Governance of the highest quality is the driving force behind all of Pareto’s operations and activities. It is at the very heart of our vision to entrench our market-leading position in the retail property sector and to develop a significant footprint at the top end of the office property sector.
Our commitment to excellence is unwavering in all aspects of corporate governance and management practices. Our investment in new opportunities, existing properties and retail office developments are always based on the highest level of ethics and responsibility.
Our Board of Directors support and endorse the principles laid out by the King Code of Corporate Governance for South Africa. In line with these principles, we have implemented a fraud prevention plan along with a policy on risk management. Through adopting a highly proactive stance on governance issues, we aim to protect and maximise returns for our shareholders and solidify our role in creating meaningful development and transformation within the commercial property sector.
In line with our strong commitment to total transparency and robust corporate governance, Pareto has instituted its own whistle blowing initiative to stamp out fraud, corruption and other illegal activities. The Pareto Fraud Hotline operates on a strictly confidential basis, ensuring that whistle blowers can provide information with the full assurance that they have complete anonymity.
EPPF Property Investment Department manage EPPF mixed property portfolio comprising of retail, office and industrial properties.
The EPPF Board of Trustees approved the unitisation of its prime regional retail investments which included Cresta, Southgate, Westgate, Pavilion and TVC
EPPF: 100% shareholder
Pareto Limited (previously Apollo Property Holdings Limited) registered at CIPRO
Capital structure: ordinary par value share (R0,001) & unsecured variable rate debenture (R0.999)
Main objective: holding and investing in immovable property Capitalisation: R2,4bn
Acquired 25% undivided share in Sandton Convention Centre
Acquired 40% undivided share in The Pavilion (now 100% owned by Pareto)
GEPF: 40% shareholder
Disposed of 12.5% undivided share in Sandton Square
Acquired 15% undivided share in Tyger Valley Centre (now 57.5% owned by Pareto)
Acquired 100% undivided share in Mimosa Mall
BVI established to house acquisition of Menlyn Park & Cavendish Square,
Acquired 50% undivided share in Cavendish Square Acquire 50% undivided share in Menlyn Park Shopping Centre
GEPF: 100% shareholder
Acquired 43.81% undivided share in Westgate (now 100% owned by Pareto)
Acquired 35.02% undivided share in Erf 2, Southgate (Southgate Value Market) (now 100% owned by Pareto)
Acquired 32.58% undivided share in Erf 3, Southgate (Southgate Mall) (now 100% owned by Pareto)
Acquired 100% undivided share in Brandwag Centre and Kosmos Flats
Disposed of 50% undivided share in Cavendish Square
Acquired 32.58% undivided share in Erf 3, Southgate (Southgate Mall) (now 100% owned)
Acquired 50% undivided share in Menlyn Park Shopping Centre (now 100% owned)
GEPF: 76% shareholder
Belelani Capital(RF) Pty Ltd: 24% shareholder