Bongi Masinga assumes permanent CEO role at Delta Property Fund

After an exhaustive search spanning over 10 months, the Delta Property Fund has finally closed its executive leadership gap. The property fund, which primarily serves a government tenant base, announced that interim CEO, Bongi Masinga, will now assume the leading role in a permanent capacity.

The announcement was made public in a brief statement released on Thursday. With this decision, the Delta Property board has expressed its confidence that the stability this move brings will instigate the speedy execution of its strategic plans.

Valued at approximately R230m on the Johannesburg Stock Exchange (JSE), the Delta Property Fund is a significant player in South Africa's property market. The company's keen focus on ensuring increased shareholder value is expected to be bolstered by the clarity and certainty that a permanent CEO brings.

In their statement, the board also highlighted the reassured sentiment they expect this appointment to evoke amongst key stakeholders and the general market.

With this strategic move, Delta Property Fund is steering its advancement towards delivering improved shareholder value and at the same time providing a secure and consistent leadership that would contribute to the overall stability of the South African property industry.