Billion Group was established in 1998 by Mr Sisa Ngebulana, the Chief Executive Officer of Rebosis. Over the yeas Mr Ngebulana has successfully grown the Billion Group’s portfolio of the office and retail properties, through a combination of acquisitions and property developments, from the initial acquisition of the Liberty Life building in 2003 to the current portfolio of high grade properties valued in excess of R6.8 billion with a split of 54% office buildings, 44% retail centre malls and 2% industrial, by value. (This information is representative of the portfolio as of the last financial year 31 August 2014).
The asset management and property management of the group’s portfolio is managed by the Billion Group.
Rebosis’ high-growth, defensive portfolio comprises 19 quality properties covering a GLA of 414,390 m2 across Gauteng, the Eastern Cape, KwaZulu Natal and the North West provinces. On listing in 2011, the company was distinguished as the first black-managed and substantially black-held PLS to come to the JSE Limited.
Ken joined BoE in 1988 as a mortgage lending manager and over the past 25 years has filled management and specialist positions in Nedbank’s property finance and property investment operations. He oversaw the building of the second phase of the Nedbank office in Sandton, South Africa’s first green star-rated building. Ken is currently the regional executive for Gauteng at Nedbank corporate property finance.
Born in Soweto and raised in Swaziland, Dr Mokgokong has achieved international acclaim for her entrepreneurial ability and in 1999 received the South African Businesswoman of the Year Award. She is a former president of both the South African Women Entrepreneurs Network (SAWEN) and the International Women’s Forum of South Africa (IWFSA). She serves on the boards of numerous listed and private companies, both local and international. She is one of the founder members and group executive Chairperson of Community Investment Holdings Proprietary Limited, a leading black empowerment company. Anna formerly chaired the Council of the University of South Africa and served on the Commission for the Remuneration of Public Office Bearers, where she was the Deputy Chairperson. She was also formerly appointed to serve as a member of the Interim Defence Force Commission. Anna is an independent non-executive director of Shoprite Holdings Limited and Adcock Ingram Holdings Limited and is further Chairperson of Jasco Electrocnis Limited and Afrocentric Investment Corporation.
Andile is the CEO of the National Stokvel Association of South Africa (NASASA) and a non-executive director of the JSE. He was formally CEO of Barnard Jacobs Mellet Holdings, before it was acquired by First National Bank in 2011.
Jaco successfully managed his own property development and leasing company for 10 years before being offered a position as CEO at Colliers International in 1997, where he was responsible for retail and property development in the Western Cape. In 2002 Jaco headed up a number of developments, notably the Cape Gate Precinct in joint venture with Hartwig Trust. In 2005 he co-founded Abacus Asset Management and is currently involved in various other developments, namely the award-winning Mooirivier Mall in Potchefstroom as well as the Matlosana Mall in Klerksdorp.
Thabo is the Managing Director of Trudon Proprietary Limited. Prior to this he spent over seven years as an investment banker with HSBC and UBS in corporate finance and mergers and acquisitions. He was also a member of the South African Institute of Stock Brokers, a member of the audit committee of Johannesburg Property Company and a director of Barnard Jacobs Mellet Holdings. Thabo currently serves as a trustee for the Red Cross Children’s Hospital Foundation and is Chairman of Pridwin School.
A qualified chartered accountant, Nomfundo has extensive experience in corporate finance and private equity and was previously the CFO of Harmony Gold Limited. She serves on the UNISA Foundation and is chair of the audit committee of Afrocentric Limited and a member of the investment committee of KZN Growth Fund. Nomfundo is a former chair of the audit committee of Spescom Limited.
Mande is an admitted attorney of the High Court of South Africa having specialized in commercial law. He now specializes in all aspects of corporate governance responsible for the flow of information to the Board and its committees and ensuring compliance with Board procedures, legislation and regulations.
Rebosis’ high-growth, defensive portfolio comprises 19 quality properties covering a GLA of 414,390m² across Gauteng, the Eastern Cape, KwaZulu Natal and the North West provinces. On listing in 2011, the company was distinguished as the first black-managed and substantially black-held PLS to come to the JSE Limited.
Strategically the portfolio is primarily retail-focused, with a balance of government office space.
Portfolio by value
Portfolio by GLA
High growth regional malls
Portfolio by value
Portfolio by GLA
Large properties
Portfolio by value
Portfolio by GLA
Property in Johannesburg
BT Ngebs City Mall Opening
25 June 2015
Baywest Mall Opening
21 May 2015
Half-Year Results – BDTV Interview
23 April 2015
Proposed acquisitions of letting enterprises and properties
26 January 2015
Rebosis outlook ‘still bright after good year’
6 November 2014
State to manage its properties centrally
5 September 2014
Rebosis in ‘no rush’ for 100% of Ascension
26 June 2014
BEE property groups call off three-way merger
25 June 2014
Rebosis Property Fund Ltd was established by the Billion Group in 2010 and on 17 May 2011 became the first black-managed and substantially black-held property fund to be listed on the JSE. On 24 July 2013 the Fund was approved as a Real Estate Investment Trust (REIT).
The Fund’s portfolio primarily consists of early stage, regionally dominant shopping centres and large, single tenanted commercial offices in nodes attractive to the South African government providing a sovereign underpin.
