Capital Property Fund Directors

Willy Ross

CTA, CA(SA)
Independent non-executive chairman

Willy commenced his merchant banking career with the Nedbank Group in 1974 in corporate finance. He later became involved in project and structured finance and private equity. At the time of the delisting of Nedcor Investment Bank, he was an executive director responsible for infrastructure, project and structured finance, private equity, and risk and legal. Willy retired after 30 years' service with the Nedbank group and he now serves on the boards of a number of listed and unlisted companies.

Barry Lester Stuhler

BCom, BAcc, CA(SA)
Managing director
 

Barry is a chartered accountant who completed his articles with Arthur Young. Barry’s experience includes management of the Part Bond Scheme and Gilt Fund for Hill Samuel Merchant Bank. He was financial director of Integrated Property Resources (“Intaprop”) and managing director of Intaprop Management Services, the property management company for the Intaprop group. In 1994 Barry co-founded Inline Properties, a property management and corporate property advisory company. Barry is a founding director of Resilient Property Income Fund Limited (“Resilient”). Barry relinquished his duties as executive director of Resilient to become managing director of Property Fund Managers Limited (“PFM”), the asset manager of Capital Property Fund (“Capital”) in 2004. He resigned as non-executive director of Resilient in February 2007. Barry resigned as managing director of PFM to join the Pangbourne board as executive director on 17 October 2007 and was appointed managing director with effect from 1 March 2008. After the merger with Pangbourne, Barry was re-appointed as managing director of PFM.

Dr Iraj Abedian

BA (Honours), MA (Economics) (University of Cape Town), PhD (Economics) (Simon Fraser University, Canada)
Independent non-executive director

Iraj Abedian is the founder and Chief Executive of Pan-African Capital Holdings (Pty) Ltd. He was professor of economics at the University of Cape Town, before joining Standard Bank Group in 2000 as Group Chief Economist. He obtained his BA (Honours) and MA in Economics from UCT. He received his PhD in Economics from Simon Fraser University in Canada in 1993. He was the founder and Director of the Applied Fiscal Research Centre (AFReC) at UCT and he has been a consultant on economic policy issues to public and private sector organisations in South Africa as well as internationally. His recent 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 (MTEF), and the Presidential Review Commission (PRC 1997). He is a prolific researcher and has written numerous articles and co-authored a number of books. Iraj is an honorary Professor of Economics at Pretoria University.

Rual Bornman

CA(SA)
Financial director
 
Rual started his career with KPMG in financial services auditing. In 2003 he joined Stanlib where he was involved in management reporting, accounting and system integration. He then joined a software development firm implementing reconciliation systems at Stanlib, before being employed by Resilient in 2005.

Des de Beer

BProc, MAP
Executive director

Des spent most of his career with the Nedbank Group, initially in property finance and later in private equity. Des is the managing director of Resilient Property Income Fund Limited and a director of NEPI.

Andries de Lange

CA(SA), CFA
Executive director
 
After completing his articles, Andries joined the Industrial Development Corporation of South Africa Limited and then Nedbank Limited where he gained experience in debt finance, debt and equity restructuring and private equity. He joined the Resilient Group in 2004 and is a director of Resilient.

Protas Phili

BCom, CTA, MCom (Taxation), CA(SA)
Non-independent, non-executive director

Protas was previously the director in the corporate finance and transactions division of the Department of Public Enterprises, non-executive director of Rand Merchant Bank and Wesbank and national taxation committee member of the South African Institute of Chartered Accountants.

Protas is currently a director of April 27 Corporate Finance (Proprietary) Limited, Veterans Capital (Proprietary) Limited and also serves on the audit and risk committees of Aventura Holiday Resorts Limited, Mogale City Municipality, Safety and Security SETA and Wholesale and Retail SETA.

Andrew Teixeira

BSc Quantity Surveying
Executive director
 
Andrew started his career in his own construction company. He then joined JHI Real Estate in 1993 in their property management division. He was appointed as the director responsible for property management nationally in 2002. Andrew has 15 years’ experience managing commercial, retail and industrial property. Andrew served as a director of Diversified Property Fund Limited.

Banus Johannes van der Walt

B Econ, Advanced Executive Programme
Independent non-executive director

Banus is a retired property practitioner. Banus was previously the managing director of Sanlam Properties and Gensec Property Services for sixteen years. Banus has 40 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 and iFour. He was also involved in the listing of Primegro, Acucap, Resilient, iFour, SA Retail, MICC and Vukile. Banus is currently a non-executive director of Vukile Property Fund. He is also a non-executive director of Sanlam Properties and a member of the Property Committee of Sanlam. Banus is also a non-executive director of three non-listed companies.

Tshiamo Vilakazi

BA(SW), LLB, Certificate in mining prospecting (SA)
Independent non-executive director
 
Tshiamo is a practising attorney, conveyancer & notary public. She is a legal consultant to Gauteng Provincial Government and Department of Housing. She is also a member of the Housing Advisory Panel of North West Provincial Government, Department of Housing and has been in practice for 17 years.

Trurman Michael Zakhe Zuma

CTA, CA(SA)
Independent non-executive director

Trurman first worked as an equity analyst for Old Mutual, focusing on large cap counters in food, pharmaceuticals, retail and leisure. After three years he moved to Standard Bank, Johannesburg, working as a Private Equity deal-maker before taking the post of Unit Trust Single Manager Head at Stanlib Investments Limited for two years. During his time at Stanlib, Trurman was awarded a scholarship to study at Harvard Business School. He completed his Program for Management Development in 2004. In May 2006, he opted to leave the corporate environment. He purchased a stake in South Africa’s largest accounts receivable management company, MBD, where he had the position of strategic director. He also has interests in commodity and energy-related businesses and he sits on the board of governors at Hilton College. He was the chief executive officer of Advisory Services at Momentum Wealth, part of the Momentum Group.

After leaving Momentum, Trurman joined the Absa Group to head up their new division Investment and Product Office (IPO). The IPO is responsible for all investment product that passes through Absa advisers and is responsible for ensuring seamless access of Barclays product and toolsets into the South African environment.