Property is one of the biggest expenses for most businesses. If managed with the right partner, it can unlock more value and long-term returns, and allow a company to align more closely with a B-BBEE scorecard.
New majority black-owned property company Izandla Property is powered by Investec Property – supporting with skills, expertise and knowledge – and Investec Property Fund (IPF) – the capital partner of Izandla Property.
Izandla Property’s majority shareholding is held by the Entrepreneurship Development Trust (EDT), a broad-based charitable trust that facilitates broader societal benefits through educational and entrepreneurial initiatives. Izandla Property aims to become a self-sustaining entity. Says Fani Titi, chairman of the EDT and Investec Limited: “The property sector has been notoriously difficult for many to access due to its large capital requirements. Through the EDT, we can provide the necessary bridge between a powerful business sector and the people in our communities.”