Edition:
India

Fortress Reit Ltd (FFBJ.J)

FFBJ.J on Johannesburg Stock Exchange

784.00ZAc
17 Jan 2020
Change (% chg)

-1.00 (-0.13%)
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Summary

Name Age Since Current Position

Iraj Abedian

64 2015 Independent Non-Executive Chairperson of the Board

Steven Brown

39 2019 Chief Executive Officer, Managing Director, Executive Director

Ian Vorster

39 2018 Chief Financial Officer, Finance Director, Executive Director

Donnovan Pydigadu

44 2018 Chief Operating Officer, Executive Director

Sipho Majija

40 2017 Executive Director

Tamlyn Stevens

2016 Company Secretary

Robin Lockhart-Ross

61 2018 Independent Non-Executive Director

SUSAN LUDOLPH

55 2018 Independent Non-Executive Director

Tshiamo Matlapeng-Vilakazi

55 2015 Independent Non-Executive Director

Vuyiswa Mutshekwane

33 2018 Independent Non-Executive Director

Bongiwe Njobe

57 2017 Independent Non-Executive Director

Jan Potgieter

50 2015 Independent Non-Executive Director

Urbanus van Der Walt

69

Djurk Venter

51 2009 Independent Non-Executive Director

Biographies

Name Description

Iraj Abedian

Dr. Iraj Abedian serves as Independent Non-Executive Chairperson of the Board of the Company. He is the founder and chief executive offi cer of Pan-African Capital Holdings Proprietary Limited. He was professor of economics at the University of Cape Town (“UCT”), before joining the Standard Bank Group (“Standard Bank”) in 2000 as group chief economist. He founded, and served as director of, the Applied Fiscal Research Centre at UCT and has been a consultant on economic policy issues to public and private sector companies in South Africa, as well as internationally. His 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 and the Presidential Review Commission (“PRC 1997”). He is a prolifi c researcher and has written numerous articles and co-authored a number of books. He is the non-executive chairperson of the board of directors of African Marine Solutions Proprietary Limited, and serves as a member of the Advisory Board of the Auditor-General of the South African government.

Steven Brown

Mr. Steven Brown serves as Chief Executive Officer, Managing Director, Executive Director of 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.

Ian Vorster

Mr. Ian David Vorster serves as Chief Financial Officer, Finance Director, Executive Director of the Company. Ian completed articles at PKF (JHB) Inc and qualifi ed as a CA(SA) in 2006. In 2007, he joined the PKF corporate fi nance division, and was appointed as a partner in 2009. In 2013, PKF merged with Grant Thornton Johannesburg and, in 2015, Ian was appointed the head of the Grant Thornton corporate fi nance division, where he managed a team of chartered accountants. Ian also served on the Grant Thornton executive committee. He has extensive experience in due diligence investigations, valuations, fairness opinions – in terms of the Companies Act and the JSE Listings Requirements – and Reporting Accountants’ work in respect of companies listed on the JSE.

Donnovan Pydigadu

Mr. Donnovan Stephen Pydigadu serves as Chief Operating Officer, Executive Director of the Company. Donnovan joined Fortress in April 2017, and has headed Fortress’ investor relations since early 2018. He is a chartered accountant and spent several years in investment banking at Nedbank corporate property fi nance and, before joining Fortress, was the co-founder of the Sanlam real estate fi nance business unit within Sanlam capital markets.

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.

Tamlyn Stevens

Robin Lockhart-Ross

Mr. Robin Lockhart-Ross serves as Independent Non-Executive Director of the Company. Robin 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, he served as head of credit for Nedbank Property Finance for 12 years, having previously been head of risk at BoE Corporate: Property and Asset Finance, during which period he also acted as managing executive of NBS Homeloans and as chairperson of Bond Choice mortgage originators. In his capacity as managing executive of Nedbank Property Finance, Robin chaired the property investment committee and served as a nonexecutive director of various investee and associate companies in Nedbank Property Partners. He also serves as an independent non-executive director and chairperson of the board of Trematon Capital Investments Limited and an independent nonexecutive director of Heriot REIT Limited.

SUSAN LUDOLPH

Ms. Susan Melanie Ludolph serves as Independent Non-Executive Director of the Company. Susan has played a driving role in business reporting, both in South Africa and internationally, and is currently an independent member of the Discovery Health Medical Scheme audit and risk committee, and a judge for the PwC Building Public Trust Awards since 2014. Previously she was the project director: fi nancial reporting for the South African Institute of Chartered Accountants (“SAICA”), co-founded The CFO Forum of South Africa, was the national recruitment partner for Deloitte, as well as being the dean of the commerce faculty and director of Midrand campus for Educor Limited. Susan’s experience is in fi nancial and integrated reporting, tax, risk management and governance. She established and implemented the strategy and work plan of South Africa’s fi rst top 100 CFO Forum that still today guides, infl uences and leads on issues affecting CFOs and business.

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 South Africa and has over 25 years’ legal experience. She was the legal consultant to the Gauteng provincial government and the Department of Housing. Tshiamo reviewed and vetted contracts concluded between the 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.

Vuyiswa Mutshekwane

Ms. Vuyiswa Reitumetse Mutshekwane serves as Independent Non-Executive Director of the Company. Vuyiswa is the CEO of the South African Institute of Black Property Practitioners (“SAIBPP”), and has been instrumental in driving key national property sector-specifi c empowerment policies and programmes with a core focus on enterprise development, professional development and youth empowerment. Vuyiswa holds a BCom Politics, Philosophy and Economics and a Certifi cate in Property and Investment, both from UCT. She is a member of the Property Sector Charter Council technical committee and the Black Business Council Land Reform and Food Security committee. She also chairs the board of the Joburg Ballet. In 2018, she was selected as one of 16 women globally to represent South Africa at the prestigious Fortune 500 United States department of state Global Women’s Mentoring Programme. She has also received numerous recognitions and has been featured in, among others, the 2011 Destiny Magazine ‘Top 40 Under 40’ list, the 2017 Young Independents Top 100, and was a fi nalist for the Young Business Leader of the Year in the 2018 CNBC Africa All Africa Business Leaders Awards.

Bongiwe Njobe

Ms. Bongiwe Nomandi Njobe is Independent Non-Executive Director of the Company. Bongiwe has over 30 years’ experience in strategy, management, social investing and policy practice in the agricultural and sustainability sectors in public, private and international development organisations. She was recently appointed as head of social investing at FirstRand Limited. Bongiwe previously served as director-general of South Africa’s department of agriculture, group executive of corporate sustainability at Tiger Brands Limited, and corporate affairs director at 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.

Jan Potgieter

Mr. Jan Naude Potgieter serves as Independent Non-Executive Director of the Company. Jan qualified as a chartered accountant after completing his articles at PwC. He held various managerial positions early in his career, including business manager at Clover SA, followed by seven years at various divisions of SABMiller in senior fi nancial roles. In 2005, he was headhunted by Massmart to join their Massdiscounters team – first as fi nancial director and for six years as CEO. He consulted and joined the Italtile Group in 2014 as COO, and then CEO from 2016. He was an independent non-executive director on the board of Novus Holdings Limited until August 2019.

Urbanus van Der Walt

Mr. Urbanus Johannes van Der Walt is no longer serves as Independent Non-Executive Director of the Company effective 12/31/2019. Banus is a retired property practitioner. He previously served as 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 the South African Property Owners Association (“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. Djurk completed his articles at Ernst & Young and then joined the Department of Inland Revenue in the insurance and fi nancial institution assessing division. In 1996, he started an audit practice and thereafter merged in January 2016 with Octagon Chartered Accountants. In late 2017, Djurk resigned and formed another audit practice, Lighthouse CA. He was a non-executive director and chairperson of the audit committee of Diversifi ed Property Fund.

Basic Compensation