Sipho Pityana named new chairperson of Redefine Properties

Redefine Properties has appointed Sipho Pityana as its independent non-executive chairperson with effect from 3 May.

Pityana is the founder and chairman of Izingwe Capital, a privately held investment company. He is also chairperson of the board of directors of public-listed companies AngloGold Ashanti Limited and Onelogix Group Limited, and an independent director of Absa Bank Limited.

Pityana is also a member of the World Economic Forum’s Community of Chairperson of global companies and the chairperson of the Council of the University of Cape Town. He is the president of Business Unity South Africa and a director of Business Leadership South Africa.

Previously Pityana served on several boards of private sector companies in both executive and non-executive capacities and in senior roles in the public sector. He takes over from Marc Wainer who will remain an executive director of Redefine.