Executive Management Team

Our Executive management team has vast experience across the board in the Property industry with over 20 years’ experience in not only the Private sector but also the listed Property sector through investments held in Vukile Property Fund, as well as Property Financing and Structuring experience.

The Fundamentum management team have been involved in many property developments and investments throughout South Africa, inclusive of large scale retail developments such as the Vaal Mall through to shopping centres in the previously disadvantaged areas. They have recently developed a 23 000sqm shopping centre at Kwamnyandu Station in Umlazi, Durban.



Carlos Correia

Carlos Correia

Chief Executive Officer

Carlos has over 20 years of experience in the development of Residential, Retail and Commercial Property, specialising in developing shopping centres in disadvantaged areas across South Africa. In 2005, Lazarus Capital purchased a 25% stake from Sanlam in Vukile Property Fund where he served as a Director until 2011. From 2012, Carlos together with Sean Bergsma, Brendon Penn and Donavan Bergsma started Fundamentum Asset Management with the main objective to create a sizeable property portfolio of well-managed assets with strong income streams.

Brendon Penn

Brendon Penn

Director

Brendon has 19 years of experience in Finance, Banking and Property and has been involved in the Property Finance and Specialised Finance divisions of both BOE and Nedbank. He also has a further 10 years of experience in the Finance and Operations of various listed and private property-related businesses and projects. In 2012, Brendon joined the Fundamentum Group as a Director. He is involved in the Operations of the business, driving new acquisitions of investment properties, and securing the finances required for the group’s investments that asset manage a portfolio of high quality property investments.

Devon Donaldson

Devon Donaldson

Asset Manager

Devon entered the Retail and Commercial Property industry in 2006, where an opportunity followed in 2009 to assume the Property and General Management role for a privately-owned portfolio consisting mainly of Retail and Commercial Property assets. The insights and experience he gained was not only challenging but also highly rewarding and perfectly positioned him for the duties associated with the Asset Management position he has taken up with Fundamentum since May 2015.

Malcom Naidoo

Malcom Naidoo

Asset Manager

Malcolm qualified in Quantity Surveying and Building Management in 1998 and entered the Retail and Commercial Property industry later that year. In 2001 Malcolm accepted a management role for a listed portfolio consisting mainly of Industrial and Commercial Property assets, in Johannesburg. An opportunity arose in 2008, to assume the role of Portfolio Manager in a mixed portfolio in Durban. Malcolm’s vast knowledge base and experience in Retail, Commercial and Industrial sectors makes him an asset to any organisation. His skill and property grooming makes him the ideal candidate for the duties associated with the Asset Management position he has taken up with Fundamentum effective 1 July 2017.

Brendon Penn

Janice Thorpe

Executive Property Manager

Janice has over 35 years’ experience in Finance, Human Resources, Project/Operations Management, and all aspects of Property Administration in both the Residential, Commercial and NGO sectors. Janice has worked for Woodhaven Ltd (subsidiary of Goldfield Properties) in the developing and management of Residential Sectional Title and NBS Bank Ltd Property Division where she worked as the Senior Property Administrator in Property/Leasing Administration for the Commercial Property portfolio for both NBS owned properties and NBS branches leased from outside Landlords in shopping centres and other properties. In addition she gained 10 years of knowledge at the Diocese of Natal, managing a large portfolio of church-owned properties, which included buildings, rectories and properties held in urban, semi-rural and rural areas. In 2007 she joined Habitat for Humanity where she gained over 5 years of knowledge as an Administrative and Operations Manager working with the Communities, Department of Human Settlements and other Corporates building homes for disadvantaged families. Janice joined the Fundamentum Executive team in May 2013.

Bronwyn Adams

Bronwyn Adams

Financial Manager

Bronwyn earned her CTA Honours and completed her Articles at BDO South Africa Incorporated in 2013. She thereafter worked as a Financial Accountant at Reebok South Africa before joining the Fundamentum team in February 2015 as the Financial Manager.

Calvin Govender

Calvin Govender

Financial Manager

Calvin graduated with an Honours Degree in Management Accounting from UKZN. He went on to complete his Articles with a medium sized auditing practice called Brand Van Niekerk & Co Inc. and qualified as a professional accountant with the South African Institute of Professional Accountants. He also holds a CIMA Advanced Diploma in Management Accounting qualification with the Chartered Institute of Management Accountants. He worked at a supervisory level at Brand Van Niekerk & Co Inc. for three years after completing Articles and thereafter joined Fundamentum in March 2016.

NON- EXECUTIVE DIRECTORS

Calvin Govender

Dr Nomzamo Tutu

Dr Tutu qualified as a medical practitioner in 1995. Her qualifications include a Bachelor of Medicine and Bachelor of Surgery (MBChB), a Post Graduate Diploma in Occupational Health (DOH) and a Post Graduate Diploma in HIV/AIDS Management in the World of Work. In addition, she has a Bachelor of Science Degree (BSc).

At the beginning of 2012, she was appointed by the Minister of Public Works in South Africa, Mr Thulas Nxesi, as a member of the Fourth Engineering Council of South Africa (ECSA), in terms of Section 4 (4) of the Engineering Profession Act, Act No. 46 of 2000. She was to serve a four-year term.

Dr Tutu serves as Chairperson of the ECSA’s Transformation Committee. She is a governing body member of one of the most prestigious schools in South Africa – Michael House – based in KwaZulu-Natal. She currently serves as a Strategic Adviser to Busane Development Trust, a community-based organisation in Clermont, near Pinetown in the Greater Durban area.