Rali Mampeule
Rali Mampeule | |
|---|---|
 Mampeule in 2023 | |
| Born | 22 December 1979 |
| Alma mater | University of South Africa |
| Occupation | South African entrepreneur |
| Known for | Real Estates |
Rali Mampeule (b. Ralebala Matome Mampeule) is a South African entrepreneur,[1] he is the founder of the South African Housing and Infrastructure Fund.[2] He is the first black South African to own a Real Estate agency in South Africa.[3][4]
Early life
Rali Mampeule was born on 22 December 1979 in Mokwasele village, Modjadji and grew up in Daveyton township in Benoni, South Africa .[5] He attended his secondary education at Rand Park High School then attained a Bachelor of Commerce degree from the University of South Africa then an Advanced Management Development Program (AMPD) in Real Estate from Harvard University .[6][7]
Career
Rali started his career in real estate in 2001 as a real estate agent assistant at Chas Everitt International Property Group in Brynston, Johannesburg[8] and in 2004, he acquired a Chas Everitt franchise in Midrand, South Africa, making him the first black real estate top executive in South African history.[9][10]
In 2005 Nedbank awarded Rali Mampeule with the Young Lion Award and the Property Professional of the Year Award in the following year 2006/2007.[11] Rali was a contributor to the South African Property Transformation Charter in 2006 and in 2008, he was awarded the African Heritage Society (AHS) Emerging Entrepreneur of the Year.[12][13]
Rali Mampeule founded South African Housing and Infrastructure Fund in 2019 to assist the South African government in addressing the country’s housing deficit,[14][15] the fund is currently valued at $1 Billion[16] and has sat at the Real Estate Industry Regulator the Estate Agents Affairs Board (EAAB). In 2019, Mampeule became the first South African to join the Forbes Real Estate Council.[17][18] He was appointed chairman of the University of Johannesburg in April 2022.
Controversies
In 2020, a company controlled by Mampeule took a R44 million commission on the R70 million sale of a parcel of land to the Gauteng Department of Human Settlements (GDHS), the commission amounting to 62% of the sale price. The parcel of land was purchased by its previous owner for R6.3 million just four years prior. In 2022, the Office of the Public Protector and law-enforcement agencies commenced investigations into the transaction.[19] In 2019, Landsworth, another Mampeule-controlled company, purchased a property for R86 million, and immediately sold it to the GDHS for R245 million, the sale to GDHS having been negotiated before Landsworth purchased the property. [20]
References
- ^ "Meet South Africa's Top Real Estate Entrepreneur Rali Mampeule!". startupmag.co.za.
- ^ "From hawker to Harvard, Rali Mampuele is now the go-to guy for real estate in SA". Face2Face Africa. March 2, 2021.
- ^ "Black Excellence: Rali Mampuele Moves From Street Hawker To Harvard, And A Real Estate Mogul In South Africa". Duke International Magazine. March 3, 2021.
- ^ "GQ South Africa sits down with Rali Mampeule in association with LOUIS XIII" – via www.youtube.com.
- ^ Tilburg, Linda van (January 27, 2020). "Meet Rali Mampeule: Magoebaskloof local behind global surgery fund for the poor #WEF20".
- ^ "ENTREPRENEUR: How Rali Mampeule went from hawker to Harvard". BusinessLIVE.
- ^ "Entrepreneur Rali Mampeule reveals the next big thing in real estate". www.gq.co.za.
- ^ "Former agent turned property mogul shares insight". January 30, 2020.
- ^ "Rali Mampeule on black owned land" – via www.youtube.com.
- ^ "Mampeule leaves Chas Everitt for new venture | MyProperty". MyProperty South Africa. January 17, 2008.
- ^ "Creating real value from unregistered real estate". November 4, 2014.
- ^ Prinsloo, Keenan (January 16, 2020). "From estate agent to property entrepreneur | Property Professional".
- ^ Malope, Lesetja. "'New blood in old veins'". Citypress.
- ^ "SAHIF: South African Housing and Infrastructure Fund honours women in Real Estate and Construction". www.polity.org.za.
- ^ "Engineering News - SAHIF pledges 50 temporary housing structures in aid of Covid-19". Engineering News.
- ^ Magazine, Hommes d'Afrique (June 24, 2019). "A young South African Property Billionaire is launching a housing and infrastructure fund".
- ^ "SA land and property developer inducted into Forbes Real Estate Council | Namibia Economist".
- ^ "Rali Mampeule becomes first South African to join Forbes Real Estate Council". SowetanLIVE.
- ^ Mndebele, Magnificent (2022-10-14). "Shaky ground: Property magnate embroiled in police investigation of R70m alleged 'land flip'". amaBhungane. Retrieved 2023-03-02.
- ^ Mndebele, Magnificent (2023-03-01). "AMABHUNGANE: Property mogul flips R86m land parcel to Gauteng housing department for R244m". Daily Maverick. Retrieved 2023-03-02.