Private Property announces new CEO

Dec 14, 2018 | Local Property

“The company is now poised to build on its strong growth while enhancing the role that technology can play in the real estate industry”

Property portal Private Property South Africa has a new CEO, Amasi Mwela, effective from 2 January 2019.

Mwela has been described as one of South Africa’s next generation leaders. He joins Private Property from FUNDI (formerly Eduloan), where as CEO he led the company’s rebranding and introduced comprehensive solutions for the education sector including funding, fund administration, support and related products.

According to a statement from the portal, the appointment comes at a time when Private Property enters a new era after undergoing a change of ownership in February 2018. The deal saw a consortium of South African buyers, including listed media giant Caxton and CTP Publishers and Printers Limited, as well as industry participants, take over the reins from OAM, an American-based private equity-controlled company.

“The company is now poised to build on its strong growth while enhancing the role that technology can play in the real estate industry,” the statement read.

Amasi Mwela has previous experience working for companies like Old Mutual iWYZE, American Express Corporate Travel, FNB and Standard Bank. He holds a Bachelor of Commerce (Bond University) and has an MBA (Milpark Business School).

He will be taking over as CEO from Simon Bray.