Tsundzukani Mhlanga has been appointed Financial Director of Ascension Properties

Posted On Wednesday, 20 January 2016 11:22 Published by
Rate this item
(0 votes)

Tsundzukani Mhlanga has been appointed as the Financial Director of Ascension Properties Limited (Ascension), effective 18 January 2016.

Tsundzukani_Mhlanga

She is a qualified chartered accountant and holds a MBA from the University of Cape Town’s Graduate School of Business. Prior to joining Ascension, Tsundzukani was acting chief financial officer of Alexkor SOC Limited (Alexkor).

Ms Mhlanga served on various board subcommittees at Alexkor for the past three and a half years overseeing, amongst other matters, the finance, procurement and risk management functions as well as the joint venture operations of the business.

She completed her financial management articles at Edcon Holdings Limited and in 2009 joined Pembani Coal Carolina Proprietary Limited, where she held the position of finance and procurement manager.

Sisa Ngebulana, Chairman of Ascension said: “We are very excited about Tsundzukani’s appointment. We believe her experience will add significant value to Ascension, especially as we enter the next phase in our evolution.

“Her financial management background and skills are ideally suited to Ascension as we intend positioning Ascension as the predominantly commercial office focused REIT within the larger Rebosis Group in the medium term.”

Ascension is a listed subsidiary of Rebosis Property Fund Limited (Rebosis) with Rebosis effectively holding approximately 59% of the issued share capital of Ascension.

Rebosis and Ascension jointly announced their strategies on 8 December 2015 indicating that over time, Rebosis intends to promote Ascension’s strategy of being a predominantly commercial office focused fund and that Ascension will propose to acquire from Rebosis the commercial properties fitting with Ascension’s strategy, making Rebosis a predominantly retail focused fund.

Last modified on Thursday, 21 January 2016 08:18

Most Popular

Alexander Swart Property Group: Cape Town’s Residential Property Values still the best in SA

May 25, 2019
 BBA 1
A survey recently carried out by the respected property analysts, Lightstone, has…

Dipula Holding steady in tough trading conditions

May 22, 2019
 IZAK PETERSEN
JSE diversified REIT, Dipula Income Fund (Dipula), today announced steady interim results…

Lucid launches SA’s newest hotel brand Home* Suite Hotels

May 22, 2019
 BEDROOM
Lucid Ventures, the R350M Cape Town based Hotel Fund, this week announced the launch of…

Lifestyle brand to open in Cape Town’s vibrant Longkloof precinct

May 30, 2019
 CANOPY FINAL
Hilton today announced the signing of a management agreement with Growthpoint Properties,…

Tradehold shows resilience in demanding markets

May 24, 2019
 FRIEDRICH ESTERHUYSE
In the year to February, 2019 Tradehold, with property interests split between southern…

Please publish modules in offcanvas position.