Property Flash


Peter Levett, a stalwart of SA’s real estate industry, is leaving Old Mutual, after a quarter of a century at the financial services and pension fund manager, to pursue a new career in proptech.

Levett will join iShack Ventures as an executive director, as his career shifts to tech, and he pursues a venture where he will use technology services to enhance property owners and users in South Africa and abroad.

iShack is a fintech and proptech venture builder, founded by Wayne Berger, an entrepreneur.

“Historically, we have seen inefficiencies in companies, especially in finance. We have then delivered tech services to show these companies how to save costs and time. Time is any person’s most valuable commodity,” Berger said in an interview with Property Flash.

iShack has a suite of real estate sector technologies, which have been developed with an “App first” approach.

“We are seeing the great benefit that digital solutions are delivering to property companies whether this is to improve efficiency, to improve communication, to reduce risk or increase effectiveness across all aspects. We are bringing proptech services to clients to achieve these benefits without the capital cost and headaches of building and implementing such systems,” Levett said.

Levett says iShack and its related businesses have ambitions to operate in SA and abroad.

“We are excited about how we can grow our businesses to a wide cross-section of clients. After a fulfilling career at Old Mutual Property and at Goldman Sachs, I am excited about this new intriguing opportunity,” Levett said.

At Old Mutual, Levett helped to manage an extensive retail and office portfolio. Old Mutual owns the likes of The Zone @Rosebank in Johannesburg, Cavendish Square in Cape Town and Gateway Theatre of Shopping in Durban

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