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Keillen Ndlovu
Independent Property Analyst
Keillen Ndlovu has excelled in various markets, including local and developed economies, and has received several top-performance awards. Having commenced his property career at Standard Bank Properties in 2004, he moved to STANLIB, where he eventually assumed leadership responsibilities and managed property funds catering to retail and institutional clients. A key figure in the ascent of one the largest and most successful local and global property unit trusts in South Africa, he played an instrumental role in driving total assets under management to almost R30 billion during the height of the property market. He concluded his tenure at STANLIB at the end of 2021 and now operates independently, leveraging his knowledge and experience to make a substantial impact as a thought leader.
Somaya Joshua
Managing Executive, Real Estate, Absa CIB
Somaya Joshua leads the Real Estate Investment Banking business within Absa Corporate and Investment Banking, driving the Real Estate division’s continued growth, innovation, and market leadership.
An award winning and recognised expert in real estate solutions, Somaya’s strategic insights influence both internal decision-making and client outcomes. She has shaped key financial and operational practices across the business and among the multinational clients she serves, strengthening Absa’s position as a trusted advisor in commercial real estate.
Somaya brings a strong track record across client-facing, risk, and operational leadership roles. She has built high-performing teams and fostered executive-level collaboration that drives continuous improvement and delivers value-enhancing solutions.
In 2023, she was named “Woman in Real Estate” at the Africa Property Investment Summit, reflecting her impact on the industry. Somaya is widely regarded as a thought leader with a clear strategic vision and a forward-looking approach to emerging opportunities and challenges in the sector.
Eileen Andrew
Vice President: Client Coverage, MSCI South Africa
Eileen’s role at MSCI provides her with a unique perspective on real estate investment strategy and portfolio optimisation. Now, as vice-president at MSCI, Eileen has experience working with both South African and multinational real estate funds, gathered from her 16 years with MSCI (previously IPD) both in South Africa and London. She holds a degree in Mathematics and Human Geography from Wits University. Eileen believes that the numbers tell the real story and that makes for better investment decisions.
Jason McCormack
CEO, Exemplar REIT
Jason joined McCormick Property Development (MPD) in 2002. At the time, the family-owned business employed less than ten people and owned minority stakes in six small rural shopping centres.
Nearly two and a half decades since Jason joined the team, MPD has now developed more than 60 retail assets and employs more than 100 people in the niche market of rural and township retail. Jason was appointed MD of MPD in 2011 and was personally responsible for 29 of those developments, totalling over half a million square metres in GLA.
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Given the rapid expansion of MPD under Jason’s leadership, a decision was taken to separate the development and ownership arms of the company. As part of the restructure, Exemplar REITail Ltd was listed on the JSE in June 2018, with 20 retail centres and Jason as the CEO.
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Exemplar’s portfolio has since grown to 28 centres with assets to the value of R1bn having been added.
At the age of 33 he was elected as the youngest director of the South African Council of Shopping Centres (SACSC) and in 2016 he received the SACSC’s inaugural “Young Achiever Award” for his contribution to the shopping centre industry.
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In April 2020 during the initial COVID-19 hard lockdown, Jason co-founded the One People Fund (OPF) which delivered food for over 7,5million meals to communities in need.
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Educated at Michaelhouse and Stellenbosch University, Jason is a licensed pilot, avid naturalist and conservationist at heart. He remains passionate about community upliftment and the potential that Exemplar and its assets have to fundamentally change the underprivileged and marginalised communities within which it operates; for good.
Mahir Hamdulay
Head of Financials and Property Equity Research, Absa CIB
Mahir Hamdulay joined Absa in July 2019 as a Senior Equity Research Analyst focusing on the listed real estate sector. Prior to Absa, Mahir spent three and a half years at Mazi Macquarie Securities as a real estate Research Analyst. He has consistently received top ratings in the Financial Mail survey since 2016. Mahir is a Chartered Accountant and completed his articles at EY.