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GIULIETTA TALEVI: Andile Mazwai on returning to CEO desk and growing wealth the old-fashioned way
Giulietta Talevi asks Andile Mazwai why he’s heading back into the stress of executive management at Rebosis
Andile Mazwai, the former CEO of stockbroking institution BJM (which he sold in parts to Rencap and FNB in 2010) has been quietly serving on the board of black-owned property group Rebosis since 2011. Now he is out in front with his appointment this week as CEO, while founder Sisa Ngebulana moves into the role of nonexecutive deputy chairman. Business Day asked Mazwai why he would head back into the stress of executive management. The answer is because it is nice to belong to something bigger than oneself and the Rebosis story is a big one. The market has never really fallen in love with Rebosis – you were trading at similar levels five years ago despite huge growth in your portfolio. Why is this? We’ve been growing at anywhere between 7% and 11% over that period so we’d like to think we’ve put in the performance — that whatever promises we made we delivered upon. I think what has got the market a little bit confused over the years is how we got there. We started as a retail fund, w...
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