Accelerate Property Fund Limited

JSE:APF Stock Report

Market Cap: R622.0m

Accelerate Property Fund Management

Management criteria checks 3/4

Accelerate Property Fund's CEO is Dawid Wandrag, appointed in Nov 2022, has a tenure of 1.33 years. total yearly compensation is ZAR3.80M, comprised of 100% salary and 0% bonuses, including company stock and options. directly owns 0.93% of the company’s shares, worth ZAR5.79M. The average tenure of the management team and the board of directors is 1.2 years and 4 years respectively.

Key information

Dawid Wandrag

Chief executive officer

R3.8m

Total compensation

CEO salary percentage100.0%
CEO tenure1.3yrs
CEO ownership0.9%
Management average tenure1.2yrs
Board average tenure4yrs

Recent management updates

Recent updates

Who Has Been Buying Accelerate Property Fund Limited (JSE:APF) Shares?

Feb 09
Who Has Been Buying Accelerate Property Fund Limited (JSE:APF) Shares?

Accelerate Property Fund's(JSE:APF) Share Price Is Down 88% Over The Past Five Years.

Nov 20
Accelerate Property Fund's(JSE:APF) Share Price Is Down 88% Over The Past Five Years.

CEO Compensation Analysis

How has Dawid Wandrag's remuneration changed compared to Accelerate Property Fund's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2023n/an/a

-R855m

Jun 30 2023n/an/a

-R725m

Mar 31 2023R4mR4m

-R594m

Sep 30 2022n/an/a

R245m

Jun 30 2022n/an/a

R125m

Mar 31 2022R6mR6m

R4m

Sep 30 2021n/an/a

-R692m

Jun 30 2021n/an/a

-R690m

Mar 31 2021R1mR1m

-R688m

Dec 31 2020n/an/a

-R807m

Sep 30 2020n/an/a

-R929m

Jun 30 2020n/an/a

-R886m

Mar 31 2020R394kn/a

-R844m

Compensation vs Market: Dawid's total compensation ($USD200.09K) is below average for companies of similar size in the ZA market ($USD324.78K).

Compensation vs Earnings: Dawid's compensation has been consistent with company performance over the past year.


CEO

Dawid Wandrag (71 yo)

1.3yrs

Tenure

R3,800,000

Compensation

Mr. Dawid J. Wandrag, Bcom Accounting, has been Executive Director of Accelerate Property Fund Limited since March 31, 2020 and is its Interim Joint CEO from 7 November 2022. He served as Independent Non-E...


Leadership Team

NamePositionTenureCompensationOwnership
Dawid Wandrag
Joint CEO & Executive Director1.3yrsR3.80m0.93%
ZAR 5.8m
Abri Schneider
Joint CEO2.2yrsR3.36mno data
Demetrios Kyriakides
Executive Directorless than a yearR3.44m0.10%
ZAR 644.7k
Pieter Grobler
Head of Treasury & Finance and Debt Officerno dataR2.86mno data
Marelise de Lange
CFO & Executive Directorless than a yearno datano data
Lynette Robinson
Head of Administrationno datano datano data
Angelique Grigoratos
Head of Legal & Complianceno datano datano data
Maria Varfis
Head of Marketingno datano datano data
Lauren van Staden
Head of Administrationno datano datano data
Maxi Henning
Head of Utilitiesno datano datano data
Karlien Kruger
Head of Financeno datano datano data
Andri Pienaar
Head of facilitiesno datano datano data

1.2yrs

Average Tenure

67yo

Average Age

Experienced Management: APF's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.


Board Members

NamePositionTenureCompensationOwnership
Dawid Wandrag
Joint CEO & Executive Director4.8yrsR3.80m0.93%
ZAR 5.8m
Abri Schneider
Joint CEOless than a yearR3.36mno data
Demetrios Kyriakides
Executive Director11.2yrsR3.44m0.10%
ZAR 644.7k
Marelise de Lange
CFO & Executive Directorless than a yearno datano data
Tito Mboweni
Independent Non-Executive Chairman2.1yrsR1.45mno data
Jacobus van der Merwe
Lead Independent Director3.1yrsR887.00kno data
Michael Georgiou
Non-Executive Director11.2yrsR1.99m30.13%
ZAR 187.4m
Kolosa Madikizela
Independent Non-Executive Director10.8yrsR595.00kno data
Abel Mawela
Independent Non-Executive Director4.8yrsR605.00kno data
James Templeton
Non-Executive Director2.1yrsR525.00kno data

4.0yrs

Average Tenure

61yo

Average Age

Experienced Board: APF's board of directors are considered experienced (4 years average tenure).


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