The Board of Group Five Limited announced Mr. Themba Mosai's appointment to the Board as Group Chief Executive Officer and Mr. Kushil Maharaj's appointment as Group Executive Committee (Exco) member of Investments & Concessions with immediate effect. Kushil has extensive experience in real estate deal structuring and development, infrastructure development and construction management. He worked in various roles in Group Five's E&C cluster for 10 years before moving to the I&C Cluster in 2004.

In 2007 he joined ABSA (Barclays Africa) where he drove the roll out of Absa's Financial Sector Charter affordable housing commitments. Kushil re-joined Group Five in 2011 and, under his leadership, the Group's property business was rebranded into G5 Properties and has progressively grown its asset base and project pipeline across the continent. In his capacity as Group CEO, Mosai will lead a management team with a long tenure and strong track record within the Group.

The team will be responsible for guiding the Group through the current challenging operating environment and delivering on its stated strategy.