Edition:
United Kingdom

Texton Property Fund Ltd (TEXJ.J)

TEXJ.J on Johannesburg Stock Exchange

584.00ZAc
18 May 2018
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Summary

Name Age Since Current Position

Pragalathan Naidoo

56 2011 Non-Executive Independent Chairman of the Board

Nosiphiwo Balfour

32 2017 Chief Executive Officer, Executive Director

Inge Pick

37 2018 Chief Financial Officer, Finance Director

Sokabo Nqaba

2018 Company Secretary

Neville Toerien

Company Secretary

John Macey

52 2017 Non-Executive Lead Independent Director

John Legh

63 Non-Executive Director

Romeo Makhubela

59 2015 Non-Executive Director

Patrick Ntshalintshali

2016 Non-Executive Director

Mathys Van Heerden

50 Non-Executive Director

Shaheeda Mia

2017 Non-Executive Independent Director

Trurman Zuma

46 2017 Non-Executive Independent Director

Biographies

Name Description

Pragalathan Naidoo

Mr. Pragalathan Dhanapalan Naidoo BSc (Hons) Civil Engineering, Pr Eng, is Non-Executive Independent Chairman of the Board of Vunani Property Investment Fund. He is the founder and executive chairperson of PD Naidoo & Associates, a diversified consulting engineering group based in Johannesburg, which focuses mainly on infrastructure, mining and regeneration projects. Dempsey combines his engineering qualifications and experience with business and leadership acumen to develop and drive consistently successful major commercial undertakings, both in large corporate and professional environments.

Nosiphiwo Balfour

Ms. Nosiphiwo P. Balfour is Chief Executive Officer, Executive Director of the Company. She has been an Independent Non-Executive Director of Texton since 30 June 2014. Her expansive 12 year career in the South African property industry includes an impressive track record obtained working at various institutions including Standard Bank Property Finance, Investec Property Investments and Investec Asset Management and holding directorships in various unlisted property companies.

Inge Pick

Ms. Inge Frances Pick has been appointed as Chief Financial Officer, Finance Director of the Company effective 1 February 2018. Ms Pick is a qualified Chartered Accountant (SA) and has a wealth of financial and strategic management experience at a senior level in the REIT sector. Having garnered more than 15 years’ financial experience, 8 years specifically in listed property, Ms Pick was formerly Financial Director of Lodestone REIT and has also held financial management roles within Fortress Income Fund and Capital Property Fund.

Sokabo Nqaba

Mr. Nqaba Sokabo has been appointed as Company Secretary of the company effective 1 February 2018. Nqaba is an Advocate and, after moving away from practice due to identifying a strong skillset in compliance and governance, he has garnered 7 years’ corporate experience in legal and compliance having worked at ABSA and Old Mutual. Nqaba joins Texton from Liberty Corporate where he was a Legal Consultant with Company Secretarial responsibilities.

Neville Toerien

John Macey

Mr. John Russell Macey BBusSci (Hons), BCom (Hons), CA(SA), is Non-Executive Lead Independent Director of Vunani Property Investment Fund. John studied at UCT and completed his articles with Deloitte in 1991. Since leaving Deloitte he has gained eight years of experience as CFO to manufacturing companies. He was also a staff member of the now College of Accounting at UCT for nine years, leaving as a tenured member of staff in 2009 to start his own advisory business. He is a qualified chartered accountant and serves on the boards and audit committees of three JSE-listed companies.

John Legh

Mr. John Alastair (Chick) Legh is Non-Executive Director of the company. He has been operating in the South African property market since 1981, primarily as an owner/developer of commercial, industrial and retail properties. He is currently the chairperson of the Kuper Legh Property Group, which he started together with David Kuper in 1997. Prior to Kuper Legh, John was joint managing director and shareholder of BOE Properties Transvaal Limited. John’s relationship with BOE lasted more than 10 years and during this time Boardprop Limited was successfully listed in the property section of the JSE. In 2006 Kuper Legh merged their properties with Sanlam Properties to list the Vukile Property Fund Limited. Since 1980 John has also developed numerous up-market leisure properties that he currently owns and operates.

Romeo Makhubela

Mr. Romeo B. Makhubela has been appointed as Non-Executive Director of Texton Property Fund Limited., with effect from 1 April 2015. Mr. Makhubela has held various senior positions in reputable companies including Vunani Fund Managers, Metropolitan Asset Managers, STANLIB, and Liberty Asset Management amongst others.

Patrick Ntshalintshali

Mr. Patrick Ntshalintshali is Non-Executive Director of the Company. Patrick has over 20 years of experience in financial services and asset management. He has held various executive positions such as portfolio manager and head of research at Old Mutual Asset Managers and Vunani Fund Managers, respectively, and has previously served on the Board of Mvelaphanda Group as a non-executive director. Patrick is currently a portfolio manager and director at Perpetua Investment Managers.

Mathys Van Heerden

Mr. Mathys Johannes Van Heerden is Non-Executive Director of the company. He has been involved in the property industry for over 24 years, serving in different capacities. He commenced his career at Barprop Limited, a listed fund, moved to PPS as senior property manager, and then went back to RMP/Barprop as marketing manager. He moved to Old Mutual when Barprop was delisted and acquired by Old Mutual as senior investment analyst, and was eventually responsible for sales and acquisitions for Old Mutual Properties. He served there successfully for more than 10 years, until he was approached by John Legh to partner in the Kuper Legh venture, where he is now involved with major acquisitions and transactions. He has vast experience in property management, sales and acquisitions, valuations, large developments, direct property investment and dealmaking.

Shaheeda Mia

Trurman Zuma

Mr. Trurman Michael Zakhe Zuma is Non-Executive Independent Director of the Company. Trurman has held directorships on several listed property entity boards for more than 10 years and holds a stake in one of South Africa’s largest accounts receivable management companies, where he has assumed the role of strategic director. He joined Sanlam Personal Finance in August 2016 as Head of Recurring Savings. Trurman also held the role of Head of Global Research and Investments for South Africa and Africa for Barclays and Absa, during which time he held positions on numerous boards for the Absa Group. Trurman is a CA (SA) and holds a BComm and PGradDip (Acc) from the University of Natal (Durban) in 1997. He was awarded a scholarship to study at Harvard Business School, and completed his Program for Management Development in 2004.