Edition:
United Kingdom

Fortress Reit Ltd (FFAJ.J)

FFAJ.J on Johannesburg Stock Exchange

2,138.14ZAc
23 Aug 2019
Change (% chg)

-3.86 (-0.18%)
Prev Close
2,142.00
Open
2,165.00
Day's High
2,165.00
Day's Low
2,120.00
Volume
851,083
Avg. Vol
2,083,685
52-wk High
2,166.00
52-wk Low
1,554.00

Summary

Name Age Since Current Position

Iraj Abedian

63 2015 Independent Non-Executive Chairman of the Board

Steven Brown

38 2019 Chief Executive Officer, Finance Director, Managing Director, Executive Director

Sipho Majija

39 2017 Executive Director

Mark Stevens

50 2019 Executive Director

Fareed Wania

44 2016 Executive Director

Tamlyn Stevens

2016 Company Secretary

Robin Lockhart-Ross

60 2018 Independent Non-Executive Director

Tshiamo Matlapeng-Vilakazi

54 2015 Independent Non-Executive Director

Bongiwe Njobe

56 2017 Independent Non-Executive Director

Jan Potgieter

49 2015 Independent Non-Executive Director

Urbanus van Der Walt

68 2015 Independent Non-Executive Director

Djurk Venter

50 2009 Independent Non-Executive Director

Biographies

Name Description

Iraj Abedian

Dr. Iraj Abedian serves as Independent Non-Executive Chairman of the Board of the Company. He is the founder and Chief Executive of Pan-African Capital Holdings Proprietary Limited. He was Professor of Economics at the University of Cape Town, before joining Standard Bank Group in 2000 as Group Chief Economist. He obtained his BA (Honours) and MA in Economics from UCT. He received his PhD in Economics from Simon Fraser University in Canada in 1993. He was the founder and Director of the Applied Fiscal Research Centre (AFReC) at UCT and he has been a consultant on economic policy issues to public and private sector organisations in South Africa as well as internationally. His recent involvement in policy development in South Africa includes: The Transformation of the Development Bank of Southern Africa (1995), the RDP White Paper (1995), Growth, Employment and Redistribution (GEAR 1996), Medium Term Expenditure Framework (MTEF), and the Presidential Review Commission (PRC 1997). He is a prolific researcher and has written numerous articles and co-authored a number of books. Iraj is an honorary Professor of Economics at Graduate School of Business, Nelson Mandela Metropolitan University, Port Elizabeth. He is a member of the board of directors of Munich Re of Africa and serves as a member of the Advisory Board of the Auditor General of the South African Government.

Steven Brown

Mr. Steven Brown is Chief Executive Officer, Finance Director, Managing Director, Executive Director the Company. Steven entered the property industry, after completing his articles, as a listed property analyst in 2008 for Corovest. Following this, Steven joined Standard Bank’s Global Markets division in the equity derivatives fi nance team and thereafter joined the South African real estate division focusing on structured lending and equity transactions. From 2013, Steven has been involved with a number of listed real estate companies focusing on deal origination and structuring. Steven joined Fortress from Capital Property Fund after the acquisition in December 2015.

Sipho Majija

Mr. Sipho Majija is Executive Director of the Company. Vuso has been an employee of Fortress since its listing in 2009. He has extensive experience in property and asset management of commercial, industrial and retail properties gained over a period of 13 years. Vuso heads up Fortress’ retail portfolio and is responsible for all aspects of the portfolio, including developments, re-developments, extensions, national tenant relations, acquisitions and disposals. Vuso obtained an MBA from the Gordon Institute of Business Science in 2016 and previously served on the board of Pangbourne Properties Limited (“Pangbourne”) as an alternate director. Most recently Vuso was appointed to the board of NEPI Rockcastle plc.

Mark Stevens

Mr. Mark Walter Stevens is no longer a Executive Director of the Company effective 30 September 2019. He was Chief Executive Officer, Managing Director, Executive Director of the Company. Mark has been involved in the commercial and industrial property industry for over 30 years, working as an independent and corporate broker, private investor and developer. His career has included ten years with Old Mutual Properties and another three years with the Imperial Group.

Fareed Wania

Mr. Fareed Ismail Wania serves as Executive Director of the Company. He started his property career with RMP Properties in 1996. He subsequently joined the JHI Real Estate Group Limited where he was involved in their property management division as a portfolio manager. Fareed was instrumental in the setup, opening and running of the JHI Lesotho office. In 2004 he joined the Pangbourne group as a senior asset manager reporting to the managing director. After the merger with Pangbourne, Fareed was employed as an asset manager with Capital. Upon the merger of Capital and Fortress, Fareed was appointed executive director of Fortress in June 2016.

Tamlyn Stevens

Robin Lockhart-Ross

Mr. Robin Lockhart-Ross is Independent Non-Executive Director of the Company. Robin recently retired from Nedbank at the end of June 2018 where he was the Managing Executive of Nedbank CIB: Commercial Property Finance since November 2014. Prior to that Robin was Head of Credit for Nedbank Property Finance for 12 years since 2003, having previously been Head of Risk at BoE Corporate: Property and Asset Finance since 1999, during which period he also acted as Managing Executive of NBS Homeloans and as Chairman of Bond Choice mortgage originators. Before moving into the banking industry, Robin had been fi nancial director, for eight years, of Moreland Developments and Tongaat-Hulett Properties, the property management and development division of the Tongaat-Hulett Group, and prior to that the Group Tax Consultant for Tongaat-Hulett for three years. In his capacity as managing executive of Nedbank Property Finance, Robin chaired the property investment committee and served as non-executive director of various investee and associate companies in Nedbank Property Partners.

Tshiamo Matlapeng-Vilakazi

Ms. Tshiamo Daphne Matlapeng-Vilakazi serves as Independent Non-Executive Director of the Company. Tshiamo is a practising attorney, conveyancer and notary public with a Right of Appearance in the High Court of the Republic of South Africa. She was the legal consultant to the Gauteng Provincial Government and the Department of Housing. Tshiamo reviewed and vetted contracts concluded between Gauteng Department of Housing and respective service providers. She has over 20 years’ experience in adjudication of housing disputes in former Urban Black, Coloured and Indian townships.

Bongiwe Njobe

Ms. Bongiwe Nomandi Njobe is Independent Non-Executive Director of the Company. Bongiwe brings over 30 years’ experience in strategy, management and policy practice in the agricultural and sustainability sectors in the public, private and international development organisations. She was recently appointed Head: Social Investing at FirstRand Limited. Bongiwe previously served as Director-General at South Africa’s National Department of Agriculture, Group Executive of Corporate Sustainability at Tiger Brands Limited and Corporate Affairs Director at the SABMiller subsidiary, South African Breweries Limited. She also serves as a non-executive director on the boards of CIMMYT (International Maize and Wheat Research Institute), Rhodes Food Group and the Forum for Agricultural Research in Africa (“FARA”).

Jan Potgieter

Mr. Jan Naude Potgieter serves as Independent Non-Executive Director of the Company. Jan qualified as a chartered accountant doing his articles with PwC. He held various managerial positions early in his career including business manager at Clover SA and then seven years at various divisions of SABMiller in senior financial roles. In 2005, he was headhunted by Massmart to join their Massdiscounters team first as fi nancial director and then six years later as chief executive officer. He did consulting work and joined the Italtile group in 2014 as chief operating offi cer and then chief executive officer from December 2016. He also serves as an independent non-executive director on the board of Novus Holdings Limited.

Urbanus van Der Walt

Mr. Urbanus (Banus) Johannes van Der Walt serves as Independent Non-Executive Director of the Company. Banus is a retired property practitioner. He was previously the managing director of Sanlam Properties and Gensec Property Services for 16 years. Banus has 41 years’ property experience with the Sanlam Group and has travelled extensively to study the property industry, both locally and internationally. Banus is a past president of SAPOA and has been a non-executive director of Martprop, Acucap, SA Retail, iFour and Vukile. He was also involved in the listing of Primegro, Acucap, Resilient, iFour, SA Retail, MICC and Vukile.

Djurk Venter

Mr. Djurk Peter Claudius Venter is Independent Non-Executive Director of the Company. He completed his articles at Ernst & Young and then joined the Department of Inland Revenue in the insurance and financial institution assessing division. In 1996 he started an audit practice, Treisman Venter and Associates. In 2004 he joined Glass, Tucker and Venter (Chartered Accountants and Auditors) as partner. Djurk was a nonexecutive director and chairman of the audit committee of Diversified Property Fund.

Basic Compensation

Name Fiscal Year Total

Iraj Abedian

554,000

Steven Brown

4,968,000

Sipho Majija

2,118,000

Mark Stevens

11,371,000

Fareed Wania

4,450,000

Tamlyn Stevens

--

Robin Lockhart-Ross

--

Tshiamo Matlapeng-Vilakazi

515,000

Bongiwe Njobe

440,000

Jan Potgieter

650,000

Urbanus van Der Walt

456,000

Djurk Venter

611,000
As Of  30 Jun 2018