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Fund II SA

Stanely Park

Adress

754 Oakdene Parks, Oakdene, Johannesburg South, 2190

Province

Gauteng

Fund

Fund II SA

No. of Units

480

Next Property

Ravenswood (Candlewood Crescent)

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An independent social impact study, conducted by the University of Cape Town, found that the high-quality and well-located housing developed by our first multi-investor fund (“SAWHF”) had had a profound impact on the lives and overall welfare of the residents. Over 72% of the households polled said their lives had improved significantly.

The investments created a significant number of jobs, the vast majority of which were filled by previously disadvantaged individuals and 10% by women.
Over the life of the fund, the study estimated that 100,000 jobs would be created, many of which are expected to become permanent.
Almost all of the previously disadvantaged workers employed by our projects were unskilled and came from the local communities in which our developments are located.
The fund investments have unlocked major public sector funding through infrastructure, subsidies and guarantees.
Over three-quarters of the fund capital was invested in low-income areas.

Job Creation

The impact of the fund equates to jobs for more than 4000 people at present, of whom 85% are considered previously disadvantaged and 10% are women.
An independent report estimates that 100 000 jobs will be created over the life of the fund, of which 5 000 per annum are expected to become permanent.
Almost all of the previously disadvantaged workers who were employed in our projects were unskilled and came from the local communities in which our developments are located.

Economic Growth & Development

The SAWHF has investments valued at more than $230 million, and we have unlocked major public sector funding through infrastructure, subsidies and guarantees.
82% of our funds are invested in low-income areas.

Social

Beyond the positive social impact of our communities, IHS provides ongoing support and funding for a variety of social development programs, including learnerships and employment for women with diabilities, mentorship and job creation for disadvantaged entrepreneurs, and student services. We also provide quarterly and annual social impact reports that track the impact and performance of our closed transactions.

Environmental

IHS Fund II, our latest multi-investor fund, is focused on investing in green housing units that are certified to meet IFC’s EDGE standards. More information on IFC’s EDGE program can be found at www.edgebuildings.com.

Governance

IHS maintains a rigorous system of governance and detailed reporting for its funds to keep investors well-informed by:

Providing transparent and clearly structured internal processes;
Ensuring investors have key approval rights;
Facilitating regular site visits;
Providing detailed quarterly reports;
Hosting annual advisory committee meetings;
Preparing financial statements audited by one of the “big four” international audit firms; and
Obtaining internal and third-party valuations of all investments.

Cathal Conaty

Group Managing Director, IHS

Cathal Conaty is a founder of IHS and serves as a Group Managing Director responsible for Portfolio Management and Capital Raising for IHS as a whole. He is also chairman of the Investment Committee, which approves all IHS investments and dispositions. He has been involved in affordable housing since 1993, and brings extensive experience in residential property investment, spanning capital raising, investor closings, portfolio management, deal structuring and negotiation, financial engineering and the management of major renovation projects.

Mr. Conaty holds an MBA from IESE, Barcelona, Spain and a BA from University College in Dublin, Ireland.

Hennie Erasmus

Group Chief Financial Officer, IHS

Joined IHS in 2010 accountable for the finance and accounting operations and treasury management of IHS. He is responsible for the production of quarterly and annual financial reports for IHS as a whole. He coordinates the preparation of annual budgets and quarterly forecasts and ensures an adequate system of internal controls to mitigate risk.

Prior to joining IHS, Hennie worked for KPMG where he was a Manager in Audit. Managing a team of up to 8 people, he managed the audits of several large holding companies as well as a number of smaller firms in a number of sectors. Hennie obtained his BCom (CA), Postgraduate Diploma in Accounting (Honours), and a Postgraduate Diploma in Tax (domestic and international) from North West University (SA). He is registered as a CA (SA) with SAICA.

Rob Wesselo

Group Managing Director, IHS

Joined IHS in 2010 is responsible for Operations for IHS as a whole and has been with IHS since September 2010. Mr. Wesselo is also a member of the IHS Investment Committee. Before joining IHS, Mr. Wesselo was the Head of Commercial Property Finance (Property Investments) at ABSA Business Bank.

He has held other property-focused positions such as Commercial Director at Pangbourne Properties and Head of Listed Property Funding at Rand Merchant Bank. He holds an LLB from Wits University.

Solly Mboweni

Managing Director, IHS SA

Joined the IHS Group in 2014 as head of operations where he was responsible for the activities of the deal team and the asset management. Solly then moved to Transcend, spending four years where he initially served as COO and later was appointed CEO of the REIT. Prior to joining the IHS Group, he was the Head of ABSA Devco, a development company responsible for sustainable integrated housing with AUM of about ZAR2bn.

Prior to that he was at ABSA for four years in a number of senior positions, with responsibility for assets totalling approximately ZAR15bn. He has also managed the asset management and property development departments at Liberty Properties. Solly obtained his BCom and Post Graduate Diploma in Property Studies from University of Witwatersrand (Wits). He was until recently the Vice President of SAIBPP (South African Black Property Practitioners).

Stephanie Botha

Managing Director, IHS Property Management

Joined IHS Property Management in 2013 and is currently the Managing Director of IHS Property Management (IHSPM), where she is responsible for operations within the property management business. Previously, Stephanie was the Finance Director of IHSPM. She has a broad range of property experience and has been working in the industry for the past 12 years.

Previous positions includes the Financial Manager and Company Secretary at Fortress Income Fund Ltd and Debtors Manager at Zenprop Property Holdings. Stephanie has an Honours BCom Accounting degree and is a registered Chartered Accountant.

Peter Mayavi

Managing Director, IHS Kenya

Responsible for Capital Raising and Investor Relations for IHS Kenya, Mr Mayavi is an accomplished property development professional with over 14 years of experience. He joined IHS Kenya from the Kenya Revenue Authority where he founded and headed the Construction and Property Development Division as a Chief Manager. The work at KRA included setting up the Division, property development spanning housing and commercial buildings for the Authority and property management for all the KRA Pension owned properties. His previous positions include Projects Manager for AMS Properties where he handled residential end-to-end developments, as well as overseeing commercial development.

Peter has also held Project Management positions in the telecommunications sector as well as in Oil and Gas. Peter earned his BSc in Civil Engineering from Jomo Kenyatta University in 2008 and an MA in Project Planning and Management from the University of Nairobi in 2015. He’s currently pursuing a PhD in Project Finance from the University of Nairobi. He is also a corporate member of the Architectural Association of Kenya as well the International Project Finance Association.

Kioi Wambaa

Managing Director, IHS Kenya

Responsible for Investment and Asset Management for IHS Kenya, Mr Wambaa has over 25 years’ experience in Construction, Engineering and Real Estate Development. His experience of working through complete development cycles and covering a variety of asset classes has been attained through a combination of long and short-term assignments in the Middle East, Europe, Asia and Africa. He most recently, as a Director, spent about 10 years based in the Middle East working for sovereign wealth funds with projects valued at over $40 billion which included residential, commercial, retail and hospitality developments.

He has been involved both at the operational level managing and delivering projects and also at the corporate level serving on the Investment Committee and setting up governance and operational structures for the company’s global operations. Kioi holds an MBA from Bradford School of Management (UK), an Honors Degree in Civil Engineering from Loughborough University (UK) and a Diploma in Building Engineering from the Kenya Polytechnic. He is also affiliated to the Engineers Board of Kenya (EBK), Institution of Civil Engineers (UK), Chartered Institute of Arbitrators (UK) and The Urban Land Institute (USA).