Jul 18 2024

Unlock the Stock Webinar

12:00 PM
Online

On 18 July 2024, Unlock the Stock with market analysts, The Finance Ghost and Mark Tobin and property market analyst, Keillen Ndlovu hosted the SA REIT Association webinar.

The session focus on the South African REIT sector and is aimed at educating retail investors about REITs and benefits of this asset class.

Itumeleng Mothibeli

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Managing Director – Southern African division of Vukile Property Fund

Itumeleng Mothibeli

Chairperson of the Research Committee

Itumeleng Mothibeli is the Managing Director for the Southern African division of Vukile Property Fund, a real estate investment trust (REIT) listed on the Johannesburg Securities Exchange. He oversees a substantial property portfolio valued at around R16 billion. His role includes setting the strategic direction, leading a team of 13 senior managers, and handling operations that generate over R1 billion in net property income annually. His operational focus includes property redevelopment, reducing vacant space, and aggressive financial management. Itu’s journey with Vukile began in 2012 when he was hired as an Asset Manager. He was promoted in 2017 to oversee the asset management department and then took on the leadership of the entire Southern African business in 2019. The swift progression speaks to his proficiency in real estate investment and management.

Before joining Vukile, Itu started as a Research Analyst in real estate at Old Mutual Property in 2007. Here, he specialised in researching opportunities in African and International Emerging Markets. He later joined the Old Mutual SRI Real Estate Fund, where he was part of a small investment team that grew the fund’s assets from R158 million to R520 million in just two years. His focus was primarily on portfolio performance management and driving operational efficiencies.

Itu holds a BCom in Accounting & Management, an MCom in Financial Management and an MPhil in International Business. With 15 years of experience in real estate investment, five at the executive level, he brings a wealth of knowledge to his role. Outside his professional commitments, Itu is dedicated to sustainable business practices and community involvement, notably with the Eluxolweni Children’s Shelter. He also enjoys ultra-marathon running in his spare time.

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