Growthpoint Properties’ head of retail, Stephan Le Roux, has been appointed President of the influential South African Council of Shopping Centres (SACSC), it was announced last week.
Le Roux has more than three decades of experience in the property and retail industry. He takes over the reins from Broll Property Group’s Chief Executive Officer, Malcolm Horne, who was the 2017 SACSC president.
After studying and achieving degrees in accountancy and architecture, the property industry was a natural calling for Le Roux, as it combined the built environment with finance.
In the mid 90’s, Le Roux worked as general manager for City Properties and later joined Primegro as director when the company became listed in 1999. Following the Primegro and Growthpoint merger, Le Roux became Director, responsible for a R15 billion retail portfolio. He has been an Executive Director of the Sycom Property Fund since September 2015 and he has also occupied the position of Executive Director at Acucap Properties since April 2015.
No stranger to the SACSC, Le Roux was nominated to serve on the SACSC Board of Directors from 2016. He occupied the position of the SACSC Audit and Risk Committee Chairman between 2016 and 2017 and last year, he was the SACSC Vice President.
Le Roux said he was honoured to be a part of the SACSC and the opportunity to serve as president.
“I am looking forward to leading a board on which so many industry leaders are represented. As the national economy continues to struggle, we see the impact across the businesses of our members. During these difficult times the SACSC must fulfill an important role in aligning all of our members’ interests, ensuring better relationships and collaboration in order for South African retail and the shopping centre industry to remain relevant and successful,” he added.
Commenting on the change in leadership, Malcolm Horne said he was glad to hand over the reins to Le Roux, as “there was no better individual” to do so. “Stephan is truly a seasoned professional and I know his wealth of knowledge and industry know-how will benefit the SACSC. The organisation is in excellent hands and I wish him everything of the best with this new chapter in his successful career,” added Horne.
Meanwhile, Amanda Stops, CEO of the SACSC, said: “Stephan has a wealth of experience and knowledge in the retail sector. He is a widely respected industry player and we at the SACSC are honoured and we feel very privileged to welcome him as our new president. On behalf of our board, various committees, staff and members I wish him well and I know he will further assist to nurture and achieve the SACSC mandate”.
The SACSC is the official umbrella body of the shopping centre industry, including owners, developers, managing agents, brokers, professionals, retailers, marketers, service providers, financers and researchers. It was officially launched in 1991 to advance the retail and retail property sectors in South Africa.
The SACSC promotes the interests of the sector both in South Africa and internationally, while addressing issues and meeting challenges within the industry. It engages with associated sectors and other stakeholders on behalf of its members and highlights the role of shopping centres as a major resource for all communities in South Africa.
* Content edited by Suren Naidoo