Edition:
India

Fortress REIT Ltd (FFBJ.J)

FFBJ.J on Johannesburg Stock Exchange

4,018.00ZAc
12 Dec 2017
Change (% chg)

1.00 (+0.02%)
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4,017.00
Open
3,920.00
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4,124.00
Day's Low
3,913.00
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1,854,341
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1,598,695
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4,424.00
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3,050.00

Summary

Name Age Since Current Position

Iraj Abedian

62 2015 Independent Non-Executive Chairman of the Board

Mark Stevens

49 2009 Chief Executive Officer, Managing Director, Executive Director

Jeffrey Zidel

66 2015 Independent Non-Executive Deputy Chairman of the Board

Abraham Bornman

40 2015 Financial Director, Executive Director

Sipho Majija

38 2017 Executive Director

Andrew Teixeira

50 2015 Executive Director

Fareed Wania

43 2016 Executive Director

Tamlyn Stevens

2016 Company Secretary

Kurauwone Chihota

45 2009 Independent Non-Executive Director

Tshiamo Matlapeng-Vilakazi

53 2015 Independent Non-Executive Director

Bongiwe Njobe

55 2017 Independent Non-Executive Director

Jan Potgieter

48 2015 Independent Non-Executive Director

Urbanus van Der Walt

67 2015 Independent Non-Executive Director

Djurk Venter

49 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.

Mark Stevens

Mr. Mark Walter Stevens is Chief Executive Officer, Managing Director, Executive Director of the Company. Mark has been involved in the commercial and industrial property industry for more than 25 years, working as an independent and corporate broker, private investor and developer. Mark’s career includes 10 years with Old Mutual Properties and another three years with the Imperial Group.

Jeffrey Zidel

Mr. Jeffrey Nathan Zidel is Independent Non-Executive Deputy Chairman of the Board of the Company. Jeff has been a successful property developer and investor and has been involved in all aspects of the property industry for more than 40 years. He was three times past president of the Roodepoort Chamber of Commerce. He was the winner of the 2010 Absa Jewish Achiever Award for Listed Companies. He was a co-founder of Resilient, is a director of the South African Council of Shopping Centres and a non-executive director of Nepi.

Abraham Bornman

Mr. Abraham Albertus (Rual) Bornman, CA(SA) serves as Financial Director, Executive Director of the Company. He started his career with KPMG in financial services auditing. In 2003 he joined Stanlib where he was involved in management reporting, accounting and system integration. He then joined a software development firm implementing reconciliation systems at Stanlib, before being employed by Resilient in 2005. In June 2009 Rual was appointed financial director of Capital. Upon the merger of Capital and Fortress, Rual was appointed financial director of Fortress in December 2015.

Sipho Majija

Andrew Teixeira

Mr. Andrew Edward Teixeira serves as Executive Director of the Company. Andrew started his career in his own construction company. He then joined JHI Real Estate in 1993 in their property management division. He was appointed as the director responsible for property management nationally in 2002. Andrew served as a director of Diversified and was the managing director of PFM prior to the Pangbourne merger. In July 2007 Andrew was appointed as executive director of Capital.

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

Kurauwone Chihota

Mr. Kurauwone Ndakashya Francis Chihota is Independent Non-Executive Director of the Company. He holds BCom (Wits), Post-graduate Diploma: Business Administration (De Montfort, UK), Real Estate Management Programme (Harvard). Kura is managing director of Leapfrog Commercial Properties. He ran an unlisted commercial property fund in Zimbabwe and serves on the boards of several local property investment companies including the Johannesburg Housing Company. He is a past chairman of the South African Property Owners' Association ("SAPOA") in Gauteng and currently serves as deputy chairman of the Johannesburg Housing Company.

Tshiamo Matlapeng-Vilakazi

Ms. Tshiamo Daphne Matlapeng-Vilakazi serves as Independent Non-Executive Director of the Company. She is a practising attorney, conveyancer and notary public. She is a legal consultant to Gauteng Provincial Government and Department of Housing. She is also a member of the Housing Advisory Panel of North West Provincial Government, Department of Housing and has been in practice for 23 years.

Bongiwe Njobe

Jan Potgieter

Mr. Jan Naude Potgieter serves as Independent Non-Executive Director of the Company. He qualified as a CA doing his articles with PricewaterhouseCoopers. 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 financial director then six years as chief executive officer. He then did consulting work before joining the Italtile group as chief operating officer.

Urbanus van Der Walt

Mr. Urbanus (Banus) Johannes van Der Walt serves as Independent Non-Executive Director of the Company. He is a retired property practitioner. Banus was previously the managing director of Sanlam Properties and Gensec Property Services for 16 years. Banus has 40 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 the South African Property Owners Association (SAPOA) and has been a non-executive director of Martprop, Acucap, SA Retail and iFour. He was also involved in the listing of Primegro, Acucap, Resilient, iFour, SA Retail, MICC and Vukile. He is currently a member of the Property Committee of Sanlam and a non-executive of three non-listed companies.

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.

Basic Compensation

Name Fiscal Year Total

Iraj Abedian

480,000

Mark Stevens

9,449,000

Jeffrey Zidel

514,000

Abraham Bornman

6,850,000

Sipho Majija

431,000

Andrew Teixeira

6,369,000

Fareed Wania

3,352,000

Tamlyn Stevens

--

Kurauwone Chihota

586,000

Tshiamo Matlapeng-Vilakazi

454,000

Bongiwe Njobe

17,000

Jan Potgieter

601,000

Urbanus van Der Walt

410,000

Djurk Venter

526,000
As Of  30 Jun 2017