{"id":834514,"date":"2025-08-11T09:12:05","date_gmt":"2025-08-11T07:12:05","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=834514"},"modified":"2025-08-11T09:12:09","modified_gmt":"2025-08-11T07:12:09","slug":"major-shopping-mall-owner-in-south-africa-appoints-new-ceo","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/property\/834514\/major-shopping-mall-owner-in-south-africa-appoints-new-ceo\/","title":{"rendered":"Major shopping mall owner in South Africa appoints new CEO"},"content":{"rendered":"\n

Growthpoint Properties has announced that Estienne de Klerk will take over as Group CEO next year. <\/p>\n\n\n\n

Growthpoint Properties is the largest real estate investment trust in South Africa, and it owns office, retail, industrial, and residential properties across the country. <\/p>\n\n\n\n

Its most notable asset is its 50% stake in the V&A Waterfront in Cape Town, which it owns alongside the Public Investment Corporation. <\/p>\n\n\n\n

De Klerk will take over as Group CEO on 1 July 2026 and currently serves as the CEO of Growthpoint South Africa. <\/p>\n\n\n\n

He works on key Growthpoint investment boards, such as V&A Waterfront Holdings and Growthpoint Properties Australia Ltd. <\/p>\n\n\n\n

He is a Chartered Accountant and a Harvard Business School graduate, having completed an  Advanced Management Program at that institution. <\/p>\n\n\n\n

He also holds a BCom degree in Industrial Psychology and a BCom Honours degree in Marketing and Accounting. He is also a certified Master Practitioner in Real Estate.<\/p>\n\n\n\n

\u201cWith 30 years’ experience in banking and listed property, he has deep expertise in capital markets, mergers and acquisitions, property operations, BBBEE, and industry transformation.\u201d <\/p>\n\n\n\n

\u201cHe has held multiple industry leadership roles, including Chairman of SAREIT Association, Past President of SA Property Owners Association, and founder of the Property Industry Group.\u201d<\/p>\n\n\n\n

Norbert Sasse will continue to serve as Group CEO until 30 June 2026, retaining full responsibility for the FY26 financial year. <\/p>\n\n\n\n

To ensure a seamless transition, Sasse will continue with the company as an executive until 31 December 2026, when his contract expires.<\/p>\n\n\n\n

Growthpoint also announced that Jos\u00e9 Snyders will take over as Group Chief Financial Officer effective 1 January 2026.<\/p>\n\n\n\n

He is currently the CEO of Liberty Two Degrees Ltd, a role he assumed following his tenure as both Commercial Director and Financial Director.<\/p>\n\n\n\n

He is also a Chartered Accountant with a BCom degree and two honours degrees, specialising in financial analysis and portfolio management and financial accounting.<\/p>\n\n\n\n

\u201cWith over 22 years of experience spanning financial services, investment banking, and listed real estate, he brings a deep blend of strategic, operational, and capital markets expertise.\u201d <\/p>\n\n\n\n

Gerald V\u00f6lkel will remain Group Financial Director until 31 March 2026 to complete the FY26 half-year results and hand them to Snyders.<\/p>\n\n\n

\n
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Estienne de Klerk<\/figcaption><\/figure><\/div>","protected":false},"excerpt":{"rendered":"

Growthpoint Properties has announced that Estienne de Klerk will become the new Group CEO in June 2026. <\/p>\n","protected":false},"author":95,"featured_media":800160,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12755],"tags":[6198,14672],"class_list":["post-834514","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property","tag-growthpoint-properties","tag-va-waterfront"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/834514","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=834514"}],"version-history":[{"count":4,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/834514\/revisions"}],"predecessor-version":[{"id":834534,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/834514\/revisions\/834534"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/800160"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=834514"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=834514"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=834514"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}