New MD for JHI from next year as Boshoff retires

By Alistair Anderson

JHI Properties‚ which has more than R59bn in assets under management‚ will have a new MD from January next year.

The group announced on Thursday that chief investment officer Nomzamo Radebe‚ would take over as MD when Johann Boshoff retired‚ after 44 years of service.

JHI’s manages properties for owners in Southern Africa and on the African continent.

Ms Radebe is also a member of the executive committee of Pareto‚ a well-established property loan stock company and retail property industry player with a focus on acquiring and enhancing shopping centres and mixed-use developments in South Africa.

CEO of Excellerate (the holding company of JHI) Marna van der Walt‚ yesterday thanked Mr Boshoff for his commitment to the company and welcomed Ms Radebe.

“Firstly we extend our sincere thanks to Johann Boshoff who retires from JHI Properties at the end of December 2013 for his 44 years of dedicated service and valuable contribution to the company‚ and wish him everything of the very best for the future.

“We welcome Nomzamo‚ a qualified chartered accountant with an extensive understanding of the property industry‚ to the Excellerate Property Services group as MD of JHI Properties‚” Ms van der Walt said.

“In recognition of her positive contribution to the property industry she was awarded the prestigious Five Star Woman 2009 award by the Women’s Property Network‚” she said.

Ms Radebe has been responsible for ensuring that appropriate returns are generated from numerous shopping centres owned and managed by Pareto.

She has grown the net property income in a sustainable manner through strategic asset management and enhanced assets under management through re-developments of owned shopping centres and the acquisition of new assets‚ according to Ms van der Walt.

“This experience stands her in good stead in her new leadership role at JHI Properties‚ in growing the business not only nationally but also in expanding further into the African continent‚” she said.

Ms Radebe joined Pareto in 2006 and became its financial director.

She is also a nonexecutive director of Munich Reinsurance Company of Africa and a member of their audit and risk committee.

She is a nonexecutive director of the Independent Regulatory Board for Auditors and of the South African Council of Shopping Centres.

Before joining Pareto‚ Ms Radebe worked in the Treasury’s asset and liability unit.

Excellerate bought JHI in 2010.

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