Sisa Ngebulana, the founder and chief executive of Rebosis Property Fund, said yesterday that his work was done in sorting out the financial crises at the company and he was retiring with Otis Tshabalala selected as his successor to ’steer the firm’s greater future’.
JSE-listed Rebosis Property Fund’s A and B shares leapt on Friday after it said it had entered into a sales deal with Ulricraft, a special purpose vehicle (SPV) owned by Vunani Capital Partners (VCP), which could see the debt heavy firm dispose of its commercial office portfolio for R6.32 billion.