Sisa Ngebulana is a South African businessman. He is the founder and CEO of of Billion Group and also the founder of Rebosis Property Fund Ltd. In this article, we will discuss Sisa Ngebulana Net Worth, early years, career, personal life, awards and achievements.

Sisa Ngebulana Net Worth

Early Years

Sisa Michael Ngebulana was born in 1966 in Mthatha, South Africa. His path began with high goals and a drive for greatness. Sisa was raised by his grandfather after his father died in 1973. He received significant life lessons from a man with a spiritual soul. His early years were spent behind the counter at his grandfather’s business, where he sharpened his mathematical talents and gained a good awareness of numbers.

Sisa studied law, getting an LLB from the former Natal University and an LLM from the former Rand Afrikaans University. After finishing his articles with Jan S de Villiers Attorneys in Cape Town, he was admitted to the Cape High Court. Working with renowned attorney Mick Dower, Sisa got insight into property law, laying the groundwork for his future endeavours.

Career

Sisa Ngebulana’s first business, a trucking and transportation company, failed due to bad debtors, posing serious financial and health risks. He repaid his R800,000 bank debt in 32 months. His real estate career began with a land purchase at Kyalami Estate, which he developed alongside a business partner. Profits from this venture enabled him to gradually construct other properties, culminating in high-end clusters.

Ngebulana, an acknowledged attorney of the High Court of South Africa, formerly worked in commercial litigation before joining Eskom as legal counsel specialising in property and finance. He was president of the South African Council of Shopping Centres and a director of various corporations.

Ngebulana built numerous large retail malls in South Africa, including Hemingways Mall, Forrest Hill City, Mdantsane City, B.T. Ngebs City, and Baywest Mall. B.T. Ngebs City, valued at R21 billion, has a major shopping mall, a four-star hotel, and Mthatha’s first casino and entertainment complex. His developments had a tremendous impact on employment creation, with 25,340 jobs created between 2007 and 2015, making his company the largest investor and employer in the Eastern Cape.

Other

Sisa Ngebulana formed Billion Group Limited in 1998, and Rebosis Property Fund Limited in 2010. Rebosis’ portfolio comprised 35 buildings and one industrial site. By 2021, the firm was facing financial troubles, with a net debt of R9.5 billion and assets of R13.5 billion, resulting in a high loan-to-value ratio. Zunaid Moti, a shareholder, filed a lawsuit against the biggest shareholder, Amatolo Family Trust, alleging insolvency.

Rebosis stated on October 22, 2021, that it would sell R6.32 billion in office assets to decrease debt and enhance its loan-to-value ratio. Rebosis rebranded itself as a smaller, retail-focused REIT with important shopping complexes such as Hemingways Mall, Baywest Mall, and three Pretoria malls following the sale.

Personal Life

Ngebulana has two children with his ex-wife Refiloe. He later remarried to Ayanda Zulu. They had their traditional wedding on December 2019.

Ngebulana is the owner of Sisa Ngebulana Foundation, he donated more millions for the construction of classrooms and has distributed food and warm winter blankets to underprivileged communities of Mthatha, Ngqeleni, and Libode.

Awards and Achievements

He has been awarded the Entrepreneur of the Year Award, Pioneer award and African Business Excellence.

Frequently Asked Questions About Sisa Ngebulana

1. Who is Sisa Ngebulana?

Ngebulana is a South African visionary entrepreneur and property mogul.

2. When was Sisa Ngebulana born?

Ngebulana was born in 1966.

3. Where was Sisa Ngebulana born?

Ngebulana was born in Mthatha, South Africa.

4. What is Sisa Ngebulana’s net worth?

His net worth is at around R400 million.

5. What are Sisa Ngebulana’s educational qualifications?

Sisa holds an LLB from the former Natal University, an LLM from the former Rand Afrikaans University, and a B Juris degree from Fort Hare.

6. What is Sisa Ngebulana’s contribution to property development?

Sisa founded Billion Group, focusing on retail and commercial property development. He also founded Rebosis Property Fund, the first black-managed and substantially held property fund listed on the JSE.

7. Is Sisa Ngebulana married?

Yes, Sisa is married to Ayanda Zulu.

8. How many children does Sisa Ngebulana have?

Ngebulana has two children.