RDC Property Group

rdc@rdc.bw

RDC announces new Board structure and bold vision for future growth

May 24, 2023

RDC Property Group, a leading real estate development and management company, has recently announced a revamped Board structure and a compelling new vision for the future. These strategic changes underscore
RDC’s commitment to excellence, innovation, and sustainable growth while serving the communities in which it operates in.
At the company’s Annual General Meeting held on May 24, 2023, RDC announced the retirement of two Independent Non-Executive Directors, Bogolo Kenewendo and Lesang Magang. The Boardexpressed sincere gratitude to both directors.
Ms. Kenewendo’s departure acknowledged with appreciation, recognising her valuable contributions throughout this period of transformation. Likewise, Mr. Magang’s exceptional contribution, support, and guidance over the last two decades were sincerely appreciated by the Board.
Considering these changes, RDC Property Group welcomes Sithabile Mathe as an Independent Non-Executive Director, extending a warm welcome to her and acknowledging the unique skillset she brings to the board. Ms. Mathe’s proven track record of success in the built environment and recent appointment to the Board signifies
RDC’s commitment to strengthening leadership and embracing diverse perspectives within its decision-making processes.
Ms. Mathe holds a degree in Architecture from Glasgow, Scotland, and is the founder of Moralo Designs, an esteemed architectural practice offering a wide range of services. Her expertise encompasses Urban Design, Architectural Design, Landscape Design, Interior Design, and Project Management. Ms. Mathe has also held key leadership positions in prominent organisations such as the Architect’s Registration Council of Botswana, the Botswana Housing Corporation Board, and the Architects Association of Botswana Executive Committee.
In her new role, Ms. Mathe will contribute to RDC’s Remuneration and Nomination Committee and the Investment and Property Committee, ensuring a comprehensive approach to decision-making and corporate governance. Her appointment reflects RDC’s commitment to fostering growth, innovation, and the inclusion of experienced professionals who understand the nuances of the industry.
Complementing the board restructuring, RDC Property Group has unveiled a powerful new vision statement: to become the leading Botswana-based international real estate company, recognised for expertise, innovation, sustainability, integrity, and a client-centric approach. This vision positions RDC as a strong player in the global real estate landscape, leveraging its extensive experience and a proven track record of success.
Driven by a clear purpose, RDC aims to grow shareholder value by owning and managing strategic property assets that add value to stakeholders and the communities it serves. This purpose-driven approach distinguishes RDC and ensures a sustainable and prosperous future. Founded in 1992, RDC Property Group has established itself as a reputable real estate development and management company. With a focus on commercial and retail properties, the company has expanded its operations to several African countries, as well as the United States and Europe (Croatia).
RDC ‘s portfolio comprises a diverse range of properties, including offices, retail centres, industrial parks, hotels, and residential buildings, all of which are known for their high quality and customer-centric design.
As a publicly listed company on the Botswana Stock Exchange, RDC Property Group boasts a portfolio value of P5.9 billion, with 75% of its assets located outside the country. This global presence and impressive portfolio underscore RDC’s commitment to driving growth and value creation on an international scale.
With the retirement of Ms. Kenewendo and Mr. Magang, and the appointment of Ms. Mathe, RDC Property Group
solidifies its position as a leading force in the real estate industry, poised for continued success and growth in the years to come.

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