Big buy-in by RealNet managers

At a time when just about everyone in the real estate industry is battening down the hatches, five senior managers of RealNet Holdings have demonstrated their confidence in the future of the company - and the property market - by collectively purchasing a 24% shareholding.

The managers concerned are Johalna Minnaar, Daphne Rhodes, Karl Marais, Tommy Thompson and Piet Olivier and RealNet CEO Tjaart van der Walt notes that they have also made a long-term commitment and signed five-year contracts as evidence of their loyalty to and trust in the group.

"The directors take great pleasure in this expression of confidence," he says, "and it bodes well for the group's continued growth. RealNet has established a solid base and with the quality of all our stakeholders and the expertise of our managers we are ready to take the next step to growth," he says.

"Well-trained and experienced managers are hard to retain and it is a well known fact that a leadership team performs better and better over time."

Van der Walt also says the RealNet business model has been proven in the market place and that the group remains committed to the benefits that the real estate industry holds for consumers. "Property is the most ubiquitous route to financial security for most consumers and in this light we regard service excellence and integrity as the mainstay of our offering."

He adds that in the current challenging market conditions, RealNet's management team has renewed its pledge to its franchisees and agents to offer comprehensive services with the utmost professionalism.

"The management team will assist and support each and every one of our franchisees and agents and together we will work towards making our franchises the most profitable in the South African industry.

"Of equal importance, though, is the fact that we will uphold our company values to the fullest and with the co-operation and assistance of our franchisees and agents keep our eye on the goal of becoming the most respected real estate company in the country."

Issued by RealNet
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