Bongani Khumalo with JHI chairman, Les Weil.
|JHI Real Estate has appointed Durban businessman Bongani Aug Khumalo as its managing director with immediate effect.|
The move also sees Khumalo acquire a stake in the 105-year-old company, representing a milestone in its history as, coupled with existing 37% black shareholding, JHI will become a black-owned entity.
|Khumalo brings with him the wealth of business experience gained as Eskom deputy CEO, Transnet chairman and the current Grey Global SA and EDS chairmen and Anglo Platinum director.|
He holds a Master of Arts degree from Fairfield University in Connecticut, a Master of Business Administration from Henley Management College UK and an Honorary Doctorate of Administrations from the University of Fort Hare. Khumalo is a member of the University of South Africa (UNISA) Council and chairman of its Graduate School of Business Leadership.
In making the announcement today, JHI chairman Les Weil said although Khumalo did not come from a property background, his business experience and substantial relationship base enables him to rapidly contribute to JHI’s activities.
“Khumalo has also expressed his commitment and confidence in JHI through the purchase of equity and coupled with the skills development programme and employment and procurement programmes, this reflects the group’s objective of a high score in the property and Department of Trade and Industry charters,” Weil said. JHI’s skills development programme Creating Real Advancement for Tomorrow has been operational for more than 10 years.