About Indluplace

Management and Board

Executive directors

Carel de Wit
BSc Building Science, CEO

Carel has extensive experience in a variety of commercial and residential property investment, development and management. His career in property include gaining experience with Sanlam Properties, Metcash Trading, TAG Angola and Johannesburg Housing Company. Carel was appointed CEO in March 2016.

Terry Kaplan
CA (SA), Financial Director

Terry joined Indluplace as Financial Director in March 2016. Prior to this he was group finance executive at Massmart Holdings Limited where he has responsible for various aspects of the group’s financial reporting. Terry also worked for Redefine Properties Limited and lived and worked in the United Kingdom for eight years where he gained experience in both the banking and healthcare sectors. He began his career with Grant Thornton, where he qualified as a Chartered Accountant.

Non-executive directors

Taffy Adler
BA, BPhil in African Studies, MSC in Building Science

Taffy is chairman of Indluplace and is a non-executive director of Arrowhead Properties. He is currently the Director of the University of the Witwatersrand’s Re-Imagining Property Project, which seeks to enhance the asset management of Wits Property. He is also overseeing Wits’ participation in the urban regeneration of Braamfontein. Taffy was previously the CEO of the Housing Development Agency, whose mission is fast-tracking the acquisition and release of state, private and community owned land for human settlement developments. Prior to that, he was CEO of the Johannesburg Housing Company.

Selwyn Noik

Selwyn is a non-executive director of Indluplace and Arrowhead Properties. Selwyn was an executive director of Reichmans Limited and after its acquisition by Investec, he assumed the position of Group Secretary of Investec, a position he held for thirteen years until his retirement in 2007. Thereafter he filled a company secretarial and compliance role with Investec Property until the end of 2011.

Imraan Suleman
CA (SA), BComm, (Hons) Acc

Imraan is CFO of Arrowhead Properties. He joined Java Capital in 2005 from one of the big four audit firms for whom he had worked in both South Africa and the UK. Imraan advised clients on a wide range of transactions including listings, mergers and acquisitions, capital raisings and empowerment transactions. He is a non-executive director of the Johannesburg Housing Company.

Independent non-executive directors

Gregory Kinross (Lead independent director)
BComm, B.Acc. CA (SA)

Gregory, who has a successful track record in private equity, was appointed as an independent non-executive director of Indluplace on 25 February 2015. Gregory served articles at PricewaterhouseCoopers from January 1995 to December 1997 and qualified as a chartered accountant in December 1997, before starting his own private equity business in 1998 which invested across a diverse range of industries and during which period he was appointed as CEO of McCarthy Bank Limited.

Between 2005 and 2013, he was CEO and President of Tau Capital Corp, a mining and resources business that founded, developed, managed and raised in excess of $300m for a number of major mining projects, including CIC Energy Corp. (which he founded and was President of), AfriOre Limited and Talon Metals Corp. (in respect of which he remains on the board of directors).

In 2013, after exiting from the mining sector, Gregory formed Innovo Capital (Pty) Ltd to again pursue private equity opportunities as well as new business opportunities and in October 2014, Gregory entered into a partnership with the Genesis Capital Group to form Genesis Innovo Capital (Pty) Ltd.

Clifford Lawrence Abrams
BComm, B Acc, CA (SA), Registered auditor

Clifford is a Chartered Accountant and has been in private practice for the past 15 years. Clifford was appointed as an independent non-executive director of Indluplace on 18 March 2015. He is the proprietor of Clifford Abrams & Associates, and has held various communal positions and is a board member of Bnei Akiva Foundation (Youth Movement).

Ayesha Rehman
Diploma in Financial Accounting, Certificate in Management, Certificate in Project Management, Certificate in Property Development

Ayesha was appointed as an independent non-executive director of Indluplace on 18 March 2015. She was the Chief Financial Officer of the Johannesburg Housing Company until her retirement in 2015, and prior to that was an accountant at the Joint Education Trust.

Yondela Silimela
B-Tech Town & Reg. Planning

Yondela was appointed to the board in November 2017. She has expertise in real estate development and management, city governance, local government management, town and regional planning, urban renewal and regeneration and town and regional economic development. Yondela was until recently the executive director managing the Development Planning Department of the City of Johannesburg, responsible for overall management of the Development Planning Department. Her previous roles include an asset manager for property investments at the Public Investment Corporation, strategic support director in Development Planning and Urban Management for the City of Johannesburg and as chief director of the National Urban Renewal Programme for the Department of Provincial and Local Government.