Acucap Properties Limited (Acucap) is a JSE-listed property fund with a market capitalisation of c. R3.4 billion (at May 2008). The company is a property holding company focused on the ownership of investment properties through its wholly owned subsidiaries. In May 2006, Thesele purchased a 10% equity stake in Acucap. Sello Moloko and Felleng Sekha serve as Non-Executive Directors of Acucap Properties Limited. Lance Katz serves as an alternate Director.
We provide ongoing strategic guidance and direction to the Acucap management team.
We also provide input to Acucap’s management with respect to their loan finance and interest rate hedging strategies. Thesele provides ongoing BEE strategy, in a quest to fulfill our combined transformation targets.