Sisa Ngebulana Biography: Age, House, Net Worth, Private Jet, Qualifications, Wife, Career, Malls, Children

Admin November 4, 2024

Sisa Ngebulana Biography

Sisa Ngebulana is a prominent South African entrepreneur, attorney, and property developer. Born in 1966 in Mthatha, Eastern Cape, he was raised by his grandparents after his father’s passing. He pursued higher education, earning degrees from the University of Fort Hare, the University of Natal, and a Master of Laws (LLM) from the former Rand Afrikaans University.

In 1998, Ngebulana founded the Billion Group, a commercial and retail property development company. Under his leadership, the company developed several significant shopping centers, including Hemingways Mall, Forest Hill City, Mdantsane City, and B.T. Ngebs City.

In 2010, he established Rebosis Property Fund, which became the first black-managed and substantially black-held property fund to be listed on the Johannesburg Stock Exchange (JSE) in 2011. Rebosis’ portfolio included major shopping malls such as Baywest in Gqeberha and Hemingways in East London.

Sisa Ngebulana Age

Sisa Ngebulana is 58 years old as of 2024.

Sisa Ngebulana Early Life and Family Background

Sisa Ngebulana was born in 1966 in Mthatha, a town in South Africa’s Eastern Cape province. Raised primarily by his grandparents, Ngebulana grew up under their guidance after his father’s passing, which profoundly impacted his early life.

Sisa Ngebulana Educational Background

Sisa Ngebulana pursued his education with a focus on law, attending the University of Fort Hare, followed by the University of Natal, where he furthered his studies in legal disciplines. Sisa’s dedication to academics led him to complete a Master of Laws (LLM) degree at Rand Afrikaans University (now part of the University of Johannesburg).

Sisa Ngebulana Net Worth

Sisa Ngebulana’s net worth is estimated to be around R400 million (approximately $20 million). He has built his wealth through his successful career as an entrepreneur, investor, and CEO of Billion Group and Rebosis Property Fund Ltd.

Sisa Ngebulana Career and Achievements

Sisa Ngebulana is a distinguished South African entrepreneur and property developer, renowned for his significant contributions to the real estate sector. His career is marked by the establishment of pioneering enterprises and the development of landmark properties that have reshaped the South African commercial landscape.

Founding of Billion Group

In 1998, Sisa Ngebulana founded the Billion Group, a commercial and retail property development company. Under his leadership, the company undertook several large-scale projects, including the development of Hemingways Mall in East London, which opened in 2009. This mall became a significant retail destination in the region, showcasing Ngebulana’s vision and commitment to enhancing South Africa’s retail infrastructure.

Establishment of Rebosis Property Fund

In 2010, Ngebulana established Rebosis Property Fund, focusing on commercial and retail properties. The following year, in 2011, Rebosis made history by becoming the first black-managed and substantially black-held property fund to be listed on the Johannesburg Stock Exchange (JSE). This milestone was a testament to Ngebulana’s dedication to transforming the property sector and promoting inclusivity.

Expansion of Property Portfolio

Under Ngebulana’s guidance, Rebosis expanded its portfolio to include major shopping centers such as Baywest Mall in Gqeberha and Forest Hill City in Centurion. These developments not only provided retail spaces but also created numerous employment opportunities, contributing to local economic growth.

Leadership Roles and Board Memberships

Beyond his ventures, Ngebulana has held several leadership positions. He served as the Independent Non-Executive Chairman at Ascension Properties Ltd and was a director at Truworths International Ltd. His expertise and strategic insights have been instrumental in guiding these organizations toward achieving their objectives.

Challenges and Resilience

Ngebulana’s career has not been without challenges. In 2019, Rebosis faced financial difficulties, leading to a decline in its share price. Despite these setbacks, Ngebulana demonstrated resilience by implementing strategic measures to stabilize the company, reflecting his commitment to overcoming obstacles and sustaining growth. NEWS24

Philanthropic Endeavors

Committed to giving back to the community, Ngebulana has been involved in various philanthropic activities. He has supported homes for senior citizens and orphanages, distributed blankets during winter, and provided shoes to underprivileged children. In 2017, he donated over R1 million for the construction of classrooms with a computer lab at Ntaphane Junior Secondary School in Corhana village near Mthatha.

Retirement from Rebosis

In October 2021, Ngebulana announced his retirement as CEO of Rebosis Property Fund, effective December 1, 2021. This decision followed the announcement of a R6.3 billion sale of 32 office assets aimed at restructuring Rebosis’ balance sheet. His retirement marked the end of a significant chapter in his career, during which he played a pivotal role in shaping the company’s direction.

Sisa Ngebulana Awards and Recognitions

Sisa Ngebulana has received several awards recognizing his contributions to business and property development:

Entrepreneur of the Year Award (2006): Honored for his entrepreneurial achievements.
Property Developer of the Year Award (2009): Acknowledged for excellence in property development.
Pioneer Award (2014): Recognized for pioneering efforts in the industry.
African Business Excellence Award (2014): Presented at the UK House of Lords for outstanding business excellence.
Global Leadership Excellence Award (2016): Awarded by the Global Leadership Congress for exemplary leadership.

Sisa Ngebulana First Wife and Children

Sisa Ngebulana was previously married to Refiloe. Their marriage produced two children, one of whom, Sisa Ngebulana Junior, is known to be a race car driver. Details about their marriage, including the date of their union and the duration, are not publicly disclosed. Similarly, information regarding the reasons for their separation remains private, as both individuals have chosen to keep these aspects of their personal lives out of the public eye.

Sisa Ngebulana Current Wife

Sisa Ngebulana is married to Ayanda Ngebulana. The couple celebrated their traditional wedding in 2019 in Ayanda’s hometown of Pietermaritzburg. In June 2023, they hosted a lavish white wedding at Château de Challain-la-Potherie in France, attended by close friends and family.

Sisa Ngebulana House

Sisa Ngebulana is known for his significant contributions to the real estate sector. However, specific details about his personal residence, including its location, design, and features, are not publicly disclosed. This discretion is common among high-profile individuals who prioritize privacy regarding their personal lives and properties.

FAQs

Who is Sisa Ngebulana?

Sisa Ngebulana is a South African entrepreneur, attorney, and property developer, known for founding the Billion Group and Rebosis Property Fund.

What is the Billion Group?

Established in 1998 by Sisa Ngebulana, the Billion Group is a commercial and retail property development company responsible for several significant shopping centers in South Africa.

What is Rebosis Property Fund?

Founded in 2010 by Ngebulana, Rebosis Property Fund is the first black-managed and substantially black-held property fund listed on the Johannesburg Stock Exchange (JSE).

What notable shopping malls has Sisa Ngebulana developed?

Ngebulana has developed several prominent malls, including Hemingways Mall in East London, Baywest Mall in Gqeberha, Forest Hill City in Centurion, Mdantsane City, and B.T. Ngebs City in Mthatha.

What is Sisa Ngebulana’s educational background?

He holds degrees from the University of Fort Hare, the University of Natal, and a Master of Laws (LLM) from Rand Afrikaans University.

Has Sisa Ngebulana received any awards?

Yes, he has received several awards, including the Entrepreneur of the Year Award (2006), Property Developer of the Year Award (2009), and the Global Leadership Excellence Award (2016).