Shareholding and Management
MDV Developments is a 100 % subsidiary of Phindana Housing (Pty) Ltd, whose shares are held by Thebe Investment Corporation (a well known Black Economic Empowerment Company) and RAWW Investments, where management holds its shares.
Black Economic Empowerment
MDV Developments is, in unison with its associated companies, committed to empowering people at grassroot level, as illustrated by our approach and successes in providing housing in this market. Phindana entered into an agreement with Thebe Investment Corporation to acquire a 30% stake in the group, as they share our vision and support our initiatives in improving the lives of all previously disadvantaged people, by providing much needed houses at affordable prices.Thebe Investment Corporation is a well known South African company, established by its CEO Vusi Khanyile in 1992.The company is known for its investments in businesses that deliver excellent and relevant products, whilst providing sustainable benefits to the community. For more information visit Thebe’s website at www.thebe.co.za.
Experience and Quality of work
Since its inception MDV successfully provided residential developments in various sectors of the property market, ranging from affordable housing for the lower end of the market to serviced stands and completed sectional title units for the middle income market.All aspects of property development, including the purchase, rezoning and servicing of raw land to the construction of top structures, are undertaken by MDV.The management team consists of well qualified and experienced players, supported closely by a group of well-known and respected professionals such as attorneys, town planners, quantity surveyors and engineers.Although various building contractors are accredited with MDV, only financial stable contractors with the ability to build to the high standards and timeframes set by MDV, are utilised.MDV is registered as a Developer at the NHBRC and all the major banks.