Board of Directors

In the News

Summarised audited condensed financial results for the period ended 30 September 2016

November 22nd, 2016

Download to view the condensed audited results

Circular to Synergy Shareholders

October 26th, 2016

Synergy Circular

Synergy Circular & Synergy Revised Listings

September 26th, 2016

Download to view the Circular Download to view the Revised …

Interim Results for the 6 months ended 30 September 2015

November 23rd, 2015

Download to view the detailed results


Laurence Rapp

BCom (Hons) Cum Laude, Wharton Executive Programme

Laurence is the Chief Executive Officer of Vukile Property Fund Limited (“Vukile”). He has extensive experience in the financial services environment, spanning investment banking, private equity, retail banking and insurance and asset management. Prior to joining Vukile, he was a director of Standard Bank, having headed the Insurance and Asset Management division and, prior to that, being in charge of the Strategic Investments and Alliances division.

Sedise Moseneke

Chief Executive Officer

Sedise is responsible for Vukile’s Sovereign tenant sub portfolio and for jointly driving Vukile’s overall portfolio growth and transformation objectives. He was chief executive of Encha Properties from 2004 until Vukile’s acquisition of a portfolio of government-tenanted properties from Encha in 2013. He is a past president of the South African Property Owners Association (SAPOA) and is the non-executive chairman of Encha Property Services. Sedise also sits on the board of Nu-Hol Group, an upmarket residential and commercial property development and investment company. He is a member of the South African Institute of Black Property Practitioners (SAIBPP).


Rob Hawton

Financial Director

Rob holds B.Com and B.Com (Hons) degrees in accounting and a Master’s degree in Financial Management from the University of Johannesburg and is a Chartered Accountant. Rob, who completed his articles with PricewaterhouseCoopers, was previously the Head: Finance and Support for the Real Estate Investment Division within the Corporate and Investment Bank of the Standard Bank Group, where he spent 8 years. Prior to that, he held various finance positions within Investec Bank, Barclays Africa, Tourvest Retail Travel and Credit Suisse (London).


Michael Potts

CA(SA), HDip, Tax Law
Non – executive Director

Michael is a founding director of Vukile and currently serves as financial director of Vukile. Prior to joining Vukile he was an independent adviser to the Bridge Capital Group on property transactions, property portfolio assembly, financial structuring and capital raising. Prior to this, he was managing and financial director of the South African group that forms part of the UK-based Hanover Acceptances Group. Michael was also a non-executive director of Hanover Acceptances Limited (United Kingdom) and Outspan International Limited for six and seven years, respectively.

Martin Kuscus

BA Cur EDP (Harvard)
Independent, Non – executive Director

Martin is an independent businessman and a non-executive Director of Netcare Limited. He is a previous President and CEO of the South African Bureau of Standards. Prior to commencing his career in the private sector, Martin was MEC for Finance in the North West Provincial Government from 1994 to 2004. In 2006 he was elected to the Council for the International Standards Association (ISO), and appointed a member of the PRI Board of the United Nations Global Compact Initiative on Responsible Investment. Martin was also chairman of the board of trustees for the Government Employees Pension Fund of South Africa until 2009, and was the president of the Afrikaanse Handels Instituut (AHI) until 2011. Martin is the current chairman of the Mineworkers Provident Fund.

Lizwi Mtumtum

BA Econ and Acc
Independent, Non – Executive Director

Lizwi is the executive chairman of Ikamva Lethu Investments, a black owned and managed investment holding company. He serves as an independent non-executive director of the JSE-listed Keaton Mining (coal mining and exploration), as chairman of both the audit committee and the remuneration committee. He also serves as an independent non-executive director of Kameni (platinum mining and exploration), where he is chairman of the audit committee. Lizwi has held various positions within the investment banking sector with both local and international banks. Lizwi previously served as a senior executive of Pangbourne Properties and as a director of Siyathenga Property Fund. He holds a BA in Economics and Accounting from Tougaloo College, Mississippi, USA.

Sean Segar

BComm CA (SA),AMP (Oxford)
Independent, Non – executive Director

Sean is currently with the Nedcor Group. Prior to joining the Nedcor Group, Sean was the chief investment officer for property in the Liberty Group and also a director of the Fountainhead Property Trust. Sean was with the Standard Bank group for 15 years and his roles included: Senior Portfolio Manager in SCMB Asset Management and head of various STANLIB business units. He founded the STANLIB listed property business which is now the largest investment manager of listed property in Africa. Prior to joining Liberty Asset Management in 1995, Sean completed his articles with Deloitte and Touche and worked in financial markets in London for five years. He completed the Advanced Management Programme through Oxford University in 2008.

Ilan Zwarenstein

BCom ,BAcc, CA(SA)
Independent, Non – executive Director

Mr. Ilan Zwarenstein, BCom, BAcc, CA(SA) served as Group Financial Director of Massmart Holdings Limited since May 7, 2012 until February 28, 2015. Mr. Zwarenstein has extensive experience in the areas of audit, corporate finance and retail, and served as Group Financial Director of Massmart Group Holdings. He served as Secretary of Massmart Holdings Limited since November 22, 2006 until February 28, 2015. He completed his articles in 2000 and he served as a manager in Corporate Finance and in Audit at Grant Thornton. Since February 2003, he served as a Partner at Grant Thornton. He joined Massmart in 2005 as Group Finance Executive. He served as an Executive Director of Massmart Holdings Limited since May 7, 2012 until February 28, 2015. He has been Independent Non-Executive Director at Synergy Income Fund Limited since December 1, 2015. He serves on The South African Board of Jewish Education. He is a qualified Chartered Accountant. He holds BCom and BAcc degrees from the University of Witwatersrand in 1997.