With the new Government of National Unity (GNU) and growing positive sentiment in South Africa, the new President of SAPOA, MD of Vukile Property Fund, Itumeleng Mothibeli, discusses the organisation’s role in seizing the opportunity presented by the current climate of cooperation and progress.
“There’s a sense that we are finally rowing towards a better South Africa for all,” he said, capturing the optimism sweeping the nation amid the positive momentum of the GNU and various other victories for the country. “We dare not waste this moment.”
Established in 1966, SAPOA serves as a powerful voice for the commercial property industry whose members represent about 90% of SA’s commercial and industrial real estate. Respected by government sectors, SAPOA is consulted on all matters related to the property industry and enjoys representation on key SA bodies essential to the nation’s property development. As a source of essential information, statistics, and trends, SAPOA ensure the property sector enjoys good relationships and recognition at all levels.
The organisation is in a pivotal position to unlock a brighter future for SA. “The greatest cities the world has ever known were built on the power of planning and smart real estate development. We can do the same. Not only by how we invest capital but also through SAPOA’s strategic pillars of advocacy, thought leadership, mentorship, guidance, and nurturing partnerships,” Mothibeli told members at the recent annual SAPOA Convention, held under the theme ‘Resilience: Charting the Course’.
Reflecting SAPOA’s clear-eyed view about the challenges that prevail, Mothibeli highlighted, that optimism is a starting point, not the finish line. “Too many in South Africa still lack the dignity of work, a decent home, and a good education.”
As SAPOA charts its course forward, it will focus on key initiatives. These efforts will be guided by the organisation’s mandate to represent the interests of the property industry and attract and develop skills and knowledge through education and professional development.
One such project, under the pillar of mentorship and education, is to set forth a programme that assists in absorbing talented interns into the industry. “We are all trying our best. Currently, the industry employment absorption rate is around 80%, excluding those who choose a different path. This is good, but we can still do better, and in the year ahead, with SAPOA and the assistance of its members, we can achieve this. This initiative makes a difference in employment and thus the economy and the country.”
“The appointment of Mothibeli as President of SAPOA is a positive step that retains the organisation’s leadership in excellent hands. Mothibeli brings a wealth of experience and passion to his role, and his leadership will undoubtedly benefit our members and the industry as a whole,” comments CEO of SAPOA, Neil Gopal.
As Managing Director of the Southern African business at Vukile Property Fund, Mothibeli has spent over a dozen years in the industry. He joined Vukile from SA Corporate Real Estate, where he was an investment analyst and asset manager, having started his career as a research analyst at Old Mutual.
Mothibeli’s involvement with organisations such as Reach for A Dream, the SA REIT Association, and the South African Council of Shopping Centres (SACSC) demonstrates his commitment to service, society and the sector. His contributions to business and beyond have been recognised with numerous accolades, including being named among the Mail and Guardian’s Top 200 Young South Africans, Destiny Magazine’s Top 40 Under 40, and SAIBPP’s Top 100 Real Estate Business Leaders.
His passion for people and property will find a valuable outlet at SAPOA, together with the unique consumer-driven ethos of Vukile, its deep understanding of South African townships and rural communities and the values of inclusivity, partnership, integrity, and excellence.
Mothibeli expressed gratitude to SAPOA’s outgoing President, Jackie van Niekerk, CEO of Attacq, for her dynamic and committed service during her presidency. He also thanked SAPOA’s dedicated team for their implementation efforts and its board for their astute advice. The strong foundation laid by his predecessors will be crucial as SAPOA navigates the path ahead.
Referencing the improved sentiment in and about South Africa, Mothibeli said, “It is a product of all pulling in the same direction towards the same goal with unyielding resolve: to build a better life for all. SAPOA is committed to this vision and will continue to work tirelessly alongside the government, businesses, and communities to achieve it.”
