This month we're excited to welcome Marius Maré to the GivenGain team as the head of digital marketing. Marius brings extensive experience to the stable, amassed over several years at some premier brands, and I look forward to seeing GivenGain attain the rapid recognisability and support it deserves under his expert guidance. Read more...
Riaan Basson joins us as the CEO of PayProp Holdings. Based in London, he will be responsible for PayProp's worldwide operations. Riaan is a Foundation Scholar of Queens' College in Cambridge where he received an LL.M. in 1993. He went on to practise law in Cape Town, Amsterdam and London, whereafter he joined MWEB as its business development director, and later served as the MD of the Korbitec, Property24 and Korbicom group of companies from 2005 to 2015. Riaan helped build market-leading businesses in Africa, the UK, Canada, the USA, Russia and the Philippines. He is married to Susan with three children (Margot, 19, Adriaan, 17 and Madeleine, 15). "Take a moment to think about the journey - the idea traversing our business from the moment Johannes and Jaco framed it for the first time to what we do with payments today," says Riaan. "We will be defined by the ways in which we collaborate, communicate, help each other, rely on each other, and respect and trust each other. I look forward to making a small contribution to how we continue to make that journey more and more effective, in a sustainable and profitable way."
After more than 15 years of using the GivenGain brand for our group identity as well as our Foundation and fundraising platform, the time has come to separate the group brand from the other two – which continue as before.
To this end we are proud and excited to announce a new logo and name change for our group to Humanstate. In essence, Humanstate is a collection of companies and brands including PayProp, our largest commercial entity, as well as GivenGain and the Foundation.
As our operating companies continue to go from strength to strength, a new group brand will bring greater focus and clarity to the work of our platforms on the one hand, and the people who own and built them on the other.
At the centre of the new name is the idea of a shared human experience or ‘state’ of being, in which it is possible to make lives better and gain greater perspective through connected platforms.
This holds true whether we’re talking about dissolving the complexity of property settlements or breaking down the barriers of privilege between and within us.
You will see the new branding filter through in the next while and in our ongoing marketing efforts as we work to update our online properties, print materials and other assets as required.
PayProp, the largest processor of residential letting transactions in South Africa, recently concluded a series of agreements that significantly change its shareholding. As of 1 March 2016, GivenGain International has again acquired a majority stake in the business through a significant investment in the South African operating entity.
In addition, a substantial minority shareholding was acquired by African Rainbow Capital (ARC), which forms part of billionaire Patrice Motsepe's stable. ARC's directors include Patrice Motsepe, former Sanlam CEO Johan van Zyl, and former Sanlam Investments CEO Johan van der Merwe.
Founded by GivenGain International in 2005 and trading under licence agreement in South Africa ever since, PayProp South Africa gained Naspers as a majority shareholder in 2013. In the three years since, PayProp continued to grow from strength to strength. The company is estimated to manage the trust funds of more than 25% of estate agency firms operating rental portfolios, and in doing so has processed more than R6 billion in rental payments over the past 12 months.
This investment by GivenGain International and African Rainbow Capital signals a strong commitment to investing in the South African economy in a manner that enables equity-based transformation in the technology and property industries.
In other group developments, GivenGain International has embarked on an aggressive international expansion drive of its operating entities. PayProp is on a rapid growth path in the United Kingdom, and expansion further afield is on the cards for this year.
We've been working on something very special over the last couple of months, and we're now ready to show it to you.
For us, it's always been about helping causes, their supporters, and those who do what they can to have a positive impact on the world.
With that in mind, we embarked on our next grand re-design, virtually from the ground up. We started by once more going through the laborious process of planning, building, polishing, testing, fixing and polishing some more.
Throughout, we were extremely fortunate to draw on the expertise of a group of seriously talented designers and usability experts, amazing front-end coders, passionate developers and some very fussy testers. And we wouldn’t have it any other way!
So what's new? A leaner, lighter, more intuitive, extremely focused – and may we say, more beautiful GivenGain.
Our tools for fundraising have been improved, with new functionality making it easier for Activists to share how they're changing the world.
Highlights for activists
- Explore - It's quicker and easier than ever to find a Cause you care about, set up a project and start making a real difference;
- Add multimedia - You can make your projects more personal by adding an image or video, giving it a richer description, attaching a photo gallery or adding a location;
- Share - Make your project easier to find by adding tags, and even easier to share by giving it a unique URL;
- Add updates - Keep your supporters in the loop with updates that support images, video and RunKeeper activities.
Causes get a cleaner interface, more intuitive tools for tracking donations and fundraisers, and integration into third party applications that will make managing their data even more effective.
Highlights for causes
- New dashboard - A dashboard that tells you everything you need to know at a glance;
- Campaigns instead of projects - Create new campaigns with ease and make them more informative with an image or video, rich descriptions or adding a location;
- Updates - Keep your supporters in the loop with updates that support images and video;
- Know your supporters - Powerful reporting that gives you a clear picture of donations, your donors and the Activists that fundraise for you;
- 3rd party integration - Integration with Salesforce, MailChimp and Campaign Monitor for automatic synchronisation and effortless management of your supporter data;
- New donation form - A brand new, mobile-friendly donation form.
We're also making it much easier for donors to give, manage how they're giving, and discover new Causes to support.
It is our pleasure and privilege to sponsor the first ever Kompos Composition Symposium, co-hosted by Kompos and the University of Stellenbosch. Our support for inaugural event is part of our pledge to give back to the communities where we live and work. If music be the food of love, we think it's because it is a universal language, breaking down the barriers between us.
The programme offers a feast of new works by young and established South African composers, performed by the Cape Town Philharmonic Orchestra.
KOMPOS is a student initiative of Stellenbosch University founded in 2010 by Antoni Schonken and Tricia Theunissen. During the last 5 years, KOMPOS has aided students in realising over 100 performances of their newly composed works. This symposium represents an organisational milestone, and is the culmination of many years of passionate music making and collaborations with musicians, performing artists and conductors.
Read more at http://www.kompossymposium.org/
When an estate agency was expelled from The Property Ombudsman Scheme recently, the importance of proper record-keeping and administration came under the spotlight once again.
This just to let you know that Johan le Roux has been elected to GivenGain International's board of directors and that Philip de Bruin is retiring after 14 years of service.
Johan completed a B.Comm degree in Institutional Investments at the University of Stellenbosch (2000), and spent 10 years working on the application of information-based strategies in retail credit before setting up Rational Expectations. He also serves on the board of many portfolio companies, as well as the JSE-listed Digicore Holdings Limited. He is married to Paula, lives in Cape Town, and has three children.
Johan's appointment to the board of our international holdings company (with Michiel le Roux as alternate director) follows the recent investment by Rational Expectations in our group. We believe their strong experience, especially in innovative financial services businesses, will be extremely valuable as our business continues to grow around the world.
Philip de Bruin's relationship with GivenGain International dates back to 2001, when he joined the company as director. A long-time resident of the Italian enclave of Campione d'Italia in Switzerland, Philip co-founded Epi-Use in 1994 – concluding, as its CEO, a software development and consulting partnership with SAP AG. Also under his leadership, Epi-Use expanded into an offshore holding group with more than 200 employees and subsidiaries in South Africa, the USA, UK and Australia.
Philip's contributions to our business are immeasurable and we owe him a huge debt of gratitude. He has provided valuable leadership, insight and guidance during our formative years and we will sincerely miss him.
Yes, the year is halfway done, and as always we are ready with the latest data, analysis and insights for investors in the South African residential letting market. Not only does the PayProp Rental Index give you all the statistics and trends to base better business decisions on, it also boasts an entirely new section this year, covering tenant risk.
This quarter, we again broadened our tenancy data set to better understand some of the underlying rental trends that we are seeing.
Some of the burning questions we address are: what influences rental increases; how are deposits priced; and what does an average tenant's risk profile look like? It's another great read. Enjoy the new insights!
A very big welcome to Dr. Benoît Merkt as he takes up his appointment as a director to the GivenGain Foundation board!
Benoît is an attorney at law and partner at Lenz & Staehelin, the largest law firm in Switzerland. His many distinctions include being a member of the Geneva, Swiss and International Bar Associations; the Legal Council of Swiss Foundations; and the Association of Swiss Grant Making Foundations.
He is also a member/former member of the board of several international public utility foundations; a regular speaker at Swiss and international conferences in the fields of competition law and philanthropy; and the author of numerous publications in those fields.
There can be few things as mortifying and damaging to a rental business as placing the wrong tenant. The credit check looked good on paper but the deal still went pear-shaped. What was missed?
Our PayProp Capital team solved this problem by developing a unique algorithm which combines tenants’ historic payment behaviour with their future propensity to pay – delivering deeper insight into tenant risk.
“There’s been a remarkable movement in the way businesses operate, driven by technology that allows them to be much more efficient than previously,” says Mark Hartley, a member of KPMG’s Shoreditch-based high growth technology group, which works with small businesses that have potential. “We’re seeing this happen in a number of areas such as marketing, creative industries and financial services. That’s now coming through into property. We’re about to see a lot of different solutions emerge.”
An example cited by Hartley is PayProp, an automated transactional platform that tellingly can be accessed via mobile...
Congratulations to our South African PayProp team: Their Rental Index has gained a serious following in its three short years of tracking local residential letting trends. As the largest processor of residential letting transactions in the South Africa, PayProp's local operations automates more than 2 million trust account transactions annually – and it is these transactional values that inform the PayProp Rental Index.
With this excellent basis, the Index became a valuable source of information to the industry over time, also attracting the attention of a number of high-profile organisations. One of these is the august Statistics SA, which will start using PayProp Rental Index data from this month onwards as a reliable indicator of the major trends concerning one of the largest expense categories of normal households.