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After announcing that it will dispose of its portfolio of office assets worth R6.3-billion, the board of directors of Rebosis Property Fund said Sisa Ngebulana – Founder and Chief Executive Officer, is retiring. The disposal of assets will bring down the company loan-to-value (LTV) level and optimise its balance sheet to real estate investment trust standards, closing the curtain for Ngebulana’s three year stint since the board brought him to stabilise the company.

The custom-made diamond necklace Duduzile Zuma wore on the day she married ANC-linked businessman Lonwabo Sambudla in 2011 was worth R1.5-million and was heavily guarded by police. Security in and around the Inkwenkwezi Private Game Reserve near East London was stepped up over the Easter weekend of 2011 as scores of socialites, celebrities and political big cheeses headed to the wedding of the year. Under the watchful eye of private security, the presidential protection unit and the SAPS, the couple, who met in 2009 when Duduzile Zuma was a board member of the Gupta-owned Sahara Computers, tr...

Elvira Wood Sisa Ngebulana's Rebosis says it is in negotiations with investors for a possible transaction that could change its fortunes. The company has been drowning in debt, sparking fears that it may soon go under. Rebosis says if the negotiations go well, the transaction could "fundamentally" change its financial matrix. It looks like the debt-laden Rebosis might be thrown a lifeline. On Wednesday morning, the property company founded by Sisa Ngebulana announced on the Stock Exchange News Service (SENS) that it is currently in negotiations with local and offshore institutions and pension...

It’s Zunaid Moti vs Sisa Ngebulana as the businessmen fight for control of Rebosis By Manyane Manyane, Karabo Ngoepe Feb 21, 2021 by MANYANE MANYANE, SIPHO MABASO and KARABO NGOEPE Johannesburg - An on-going battle between two powerful business partners is teetering on the brink of pushing the envelope for a hostile takeover. The back and forth communications between Sisa Ngebulana and Zunaid Moti, which include court papers, have detailed a partnership gone sour and under-handed tactics to assume control of the business. This week, the pair is set for a showdown at the annual general me...

Battle lines drawn as Rebosis saga drags on  Citizen reporter Businessman Zunaid Moti, Chairman of the Moti Group, poses for a photograph in his office in Sandton, 15 February 2021. Picture: Michel Bega Zunaid Moti’s voting rights were granted for the upcoming Rebosis AGM, in which he is owed R125 million by CEO Sisa Ngebulana’s Amatolo Family Trust. The battle between ...