SA’s largest real estate company, Growthpoint Properties, has repositioned its executive management as it looks to diversify against growing risks in SA. The company announced at a pre-close period investor conference that long-standing group CEO Norbert Sasse would assume a new role, in which he would focus on the company’s offshore expansion. MD Estienne de Klerk would become CEO for SA charged with managing the company’s R80bn domestic portfolio. Other people in senior management have been assigned new executive roles, including industrial portfolio director Engelbert Binedell, who has been promoted to chief operating officer for SA.

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