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Black ?Young Lion? strikes out alone

Chas Everitt loses top black real estate principal, who has his eye on the international arena.

Rali Mampeule, director of Phadima Group
Holdings, has announced the sale of the Chas Everitt International franchise in
Midrand, of which he has been principal for just under three years.

He will now head up Phadima Group
Holdings’ new venture, Real Assets Living Investment (RALI Properties), which
will be pursuing local and international opportunities within the residential
property market.

“It has always been my desire to
build a genuinely South African real estate company with international
aspirations and quality,” says Mampeule.

In 2005, after the results of an extensive study on the property
industry had revealed that only 8% of the groups represented were black,
Mampeule and his team established the Rali Mampeule Learnership Programme to
fast-track the participation of blacks
in real estate.

He also won the Nedbank/ Property Association ?Young Lion Award’ in
2005-2006, and was honoured as the Nedbank Property Professional of the Year in
2006-2007, and these achievements helped Chas Everitt Midrand to grow its
business.

The strong growth within the residential property industry and the
signing of the Property Charter by the Minister of Public Works also provided
new possibilities for growth and annual turnover was boosted to more than R350m
within two and a half years, he notes.

Mampeule also credits the dedicated team of agency professionals at Chas
Everitt Midrand and says that the franchise group’s directors have also
positively influenced the growth of the business.

“As I approach a decade of rewarding years in the property industry, it
is thus with great sadness, but also with a significant sense of achievement,
that I am leaving the Chas Everitt International group,” says Rali.

Chas Everitt International MD Berry Everitt says: “We wish Rali success
in his new venture and would like to see him continue achieving in the future.”

Although the parties have terminated their contractual agreement, they
plan to continue working together on various real estate projects and to
preserve their relationship.

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