Themba Mosai appointed Group 5 CEO

thembaGroup Five Limited has announced the appointment of Themba Mosai as Group Chief Executive Officer and Kushil Maharaj’s appointment as Group Executive Committee (Exco) member of Investments & Concessions with immediate effect.

Themba Mosai has been with Group Five for over 13 years, three of which have been on the Exco. He has been instrumental in the growth of the Developments business, which has focused on the identification of significant contract opportunities in target sectors of transport, energy and real estate. He was also acting in the role until his recent appointment on a full-time basis.

The company also appointment Kushil Maharaj as Group EXCO member of Investments and Concessions. Kushil has extensive experience in real estate deal structuring and development, infrastructure development and construction management. He worked in various roles in Group Five’s E&C cluster for 10 years before moving to the I&C Cluster in 2004. In 2007 he joined ABSA (Barclays Africa) where he drove the roll out of Absa’s Financial Sector Charter affordable housing commitments. Kushil re-joined Group Five in 2011 and, under his leadership, the Group’s property business was rebranded into G5 Properties and has progressively grown its asset base and project pipeline across the continent.

Themba Mosai said he was honoured to formally take the lead at Group Five as we improve performance across our portfolio of businesses and create infrastructure solutions, delivering across the full infrastructure life-cycle. I look forward to working with the Group Board and the highly competent management team in place. “Our immediate priorities are to deliver stakeholder value by right-sizing our construction business, effectively managing risk, executing on the voluntary rebuild programme and leveraging our relationship with Aberdeen Infrastructure Fund to expand our concessions business,” he said.

In his capacity as Group CEO, The Company said Mosai will lead a management team with a long tenure and strong track record within the Group. The team will be responsible for guiding the Group through the current challenging operating environment and delivering on its stated strategy.

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