Dipula board of directors announced

Posted On Tuesday, 05 July 2011 02:00 Published by Commercial Property News
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Dipula Income Fund, which is anticipated to list on the JSE soon, has announced a Board of Directors which encompasses an impressive depth of relevant expertise and pertinent experience

Brian AzizollahoffDipula Income Fund has been established through the merger of Dipula Property Fund and Mergence Africa Property Fund. Dipula has exceptional BEE credentials and it owns a sizeable and diverse commercial property portfolio.

The full board will comprise Chairman Zanele Matlala (independent, non-executive) and CEO Izak Petersen with Saul Gumede (Executive Director), Brigitte de Bruyn (Financial Director), Brian Azizollahoff (independent, non-executive), Eltie Links (independent, non-executive), Younaid Waja (independent, non-executive), Hosia Malekane, (non-executive), and Masimo Magerman (non-executive).

Matlala, who is the current CFO of Merafe Resources, will chair the board bringing with her valuable experience gained at KTI, the Development Bank of Southern Africa and the Industrial Development Corporation.

Chartered Accountant and co-founder of Dipula, Izak Petersen, will take up the reigns as CEO with his know-how in structured finance, property asset management, and equity derivatives.

“The Dipula Board of Directors represents the experience, skill and ability necessary for excellent corporate governance, competitive performance-driven strategy and effective execution,” notes Petersen. “Together the directors represent an exceptional source of strategic and operational direction to ensure Dipula delivers the best performance to its investors.”

Dipula owns a R1,4 billion property portfolio spanning some 320,000sqm gross lettable area and has concluded agreements to acquire more assets which will increase its portfolio to more than R2 billion.

“We are confident the board is in an excellent position to continue the legacy of entrepreneurial flair of both merging companies as we grow Dipula through a highly acquisitive strategy which takes best advantage of our unique market position”.

Last modified on Thursday, 24 April 2014 17:58
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