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B.Proc, Masters in Business Management
Independent non-executive director

Elize, a lawyer, is CEO of the Johannesburg Housing Company, a position she has held since October 2009. She has served as the Country Director for International Housing Solutions from 2007 to September 2009 and was one of the founding trustees and CEO of the Gauteng Partnership Fund from 2000 to 2007.


Taffy Adler

BA, BPhil in African Studies, MSc in Building Science
Independent non-executive director

Taffy is the director of the Property Revitalisation Programme for the University of the Witwatersrand. He was previously CEO of the Housing Development Agency and the Johannesburg Housing Company. He is also the non-executive chairman of Indluplace..


Selwyn Noik

Independent non-executive director

Selwyn is a Chartered Accountant. After qualifying, he spent 11 years in a managerial position with a listed property company, Pioneer Holdings & Finance Corporation Limited. He was an executive director of the listed trade finance company Reichmans Limited for 10 years and after its acquisition by Investec Limited (“Investec”), he assumed the role of group secretary of Investec, a position he held for 13 years until his retirement in 2007. Thereafter, he filled a company secretarial and compliance role with Investec Property until the end of 2011. He is a non-executive director of Indluplace.


Matthew Nell

BSc (Building Science), MSc (Town and Regional Planning)
Independent non-executive chairman

Matthew has over 30 years’ experience in urban and housing development and manages a development consultancy, Shisaka Development Management Services Proprietary Limited.


Mark Kaplan

BBusSc, Finance (Hons)
Executive director – CEO

Mark is the co-founder and Chief Executive Officer of Arrowhead Properties Ltd, an Executive Director of Indluplace Properties Ltd and the CEO of Gemgrow Properties Ltd, all of which are listed on the JSE.
He was previously involved in running a large residential portfolio focused on affordable and student housing.


Imraan Suleman

CA (SA), BComm, (Hons) Acc
Executive director – CFO

Imraan is co-founder and Chief Financial Officer of Arrowhead, Director of Indluplace and Executive Director of Gemgrow. Imraan is a Chartered Accountant. He joined Java Capital in 2005 from one of the big four audit firms for which he had worked in both South Africa and the UK. Imraan advised clients on a wide range of transactions, capital raisings and empowerment transactions. He is a non-executive director of the Johannesburg Housing Company.



Executive director – COO

Riaz has a BCom degree from the University of the Witwatersrand and 13 years’ property experience in residential, retail, office and industrial property. He was previously a director of Excellerate Real Estate Services Proprietary Limited t/a JHI, and has been involved in the management of Arrowhead’s property portfolio from the company’s inception. His responsibilities include overseeing the performance of the portfolio, with particular focus on leveraging efficiencies at national level, debt management, lease negotiations and ensuring that income is optimized.