ShapeShifter

Meet self-made millionaire (net worth – R400m!) property mogul Sisa Ngebulana

I grew up in a village outside of Mthatha.

Sisa Ngebulana

My first house took me four months to build and complete. It took me two months to sell. I made a decent profit, but lost it on my second property.

Sisa Ngebulana

On my first big shopping centre I lost a couple of hundred millions.

Sisa Ngebulana

Sisa Ngebulana is the CEO of Rebosis Property Fund Limited, the first black-managed and substantially black-held property fund to be listed on the JSE.

He is also the Founder, Executive Chairperson and sole owner of Billion Group Limited, a multi-billion rand property company.

SA Entrepreneurs Magazine estimates Ngebulana’s net worth to be around R400 million.

How did Ngebulana build his property empire?

The Money Show’s Bruce Whitfield interviewed him for his weekly “ShapeShifter” feature.

Listen to the interview in the audio below (and/or scroll down for more quotes from it).

I started the group about 17 or 18 years ago.

Sisa Ngebulana

We bought CBD buildings when the bank and insurance companies moved out.

Sisa Ngebulana

I’ve been in trouble a couple of times.

Sisa Ngebulana

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Article brought to us by Old Mutual.

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