New Turnstar Holdings Chairman, Butler Phirie says the company remains committed to creating shared value for shareholders and stakeholders of the business. Phirie said the directors will continue to flex muscle for the business to invest, manage and grow properties that bring real returns for communities and investors.

“Turnstar continues to work to create value and returns for stakeholders and shareholders, anchored by a sound and diversified strategy premised on low risk and high return, bringing sound dividends year after year,” said Phirie. He said additional effort is being made to reinforce the management team further, including leadership succession planning, the business is determined to show even greater resolve and returns in its value creation journey.

Phirie reiterated that a number of strategic developments to further entrench the sound and sustainable delivery of the business mandate are in the pipeline. The appointment of Phirie to chair the board comes after serving as a director since July 2021. And two new board directors have also been appointed - Solomon Seoketsi Mantswe and Amaresh Chetty, alongside Phirie. Meanwhile, Patrick Balopi and Pierre Bezuidenhout have resigned as Directors, having each served the requisite terms on the board.