November 10 2029 16:10
CFO and Executive Director of Texton Property Fund, Pienaar Welleman, resigned with effect from December 7 2026. The company has disappointed shareholders for more than a decade since Angelique de Rauville took over Vunani Income Fund to form Texton in 2014.
This was a hostile takeover which forced Rob Kane out of his CEO role. Since then Texton has been largely directionless and shareholders are unhappy. It’s unclear what the management’s strategy is and if it ever will reward its shareholders. Many are looking for an exit plan while the group’s AGM looms.
247@propertyflash.co.za
