UKZN Alumnus Now Property Development Player
UKZN alumnus and CEO of Ntaba Holdings Mr Skhulile “SK” Ndlovu is making an impact in the property development industry!
Ntaba Holdings - a turnkey property development company established in 2019 and co-founded by Ndlovu - aims to make it easier for first time owners and investors to acquire property.
Ndlovu, who graduated with a BCom degree in Supply Chain, Marketing and Human Resource Management from UKZN, says he had always been fascinated by property development but buying his first piece of real estate made him realise how complicated the process was and how many other young professionals were probably facing the same challenges. ‘I saw this as an opportunity to start my own real estate business that would make the process of buying property much easier, especially for first-time owners.’
Ndlovu has a wealth of experience in investment banking, having worked at the Hong Kong and Shanghai Banking Corporation (HSBC) and the Union Bank of Switzerland (UBS).
He attributes a large part of his success in the corporate and business sector to what he learned at UKZN and through his involvement in SIFE-UKZN, now known as Enactus UKZN. Enactus is an international, non-profit organisation that brings together students, academics and business leaders committed to using the power of entrepreneurial action to improve the quality of life and standard of living of people in need.
With a vision of becoming one of the biggest turnkey property development companies in Africa, Ntaba Holdings launched its first project early this year - Homestead Views Security Estate - which is a mix of a 100 apartment and standalone units at St Francis Bay in the Eastern Cape.
The company also launched Avoca Heights in Avoca, Durban, as an upmarket apartment project boasting 100 units worth a total of more than R100 million. Said Ndlovu: ‘This exciting new development offers two-bedroom units with full bath and double parking for less than R1 million. But what’s even more exciting is the location which is based just off North Coast Road with easy access to the N2 and the airport, and only a few kilometres away from Umhlanga.’
Ndlovu thanked his family, friends and business partners for their support in getting him to where he is now. He encouraged other entrepreneurs to start wherever they are and to be consistent in order for their business to succeed.
Ntaba Holdings is based in Johannesburg, with regional offices in Durban, and the Eastern Cape.
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Words: Hlengiwe Khwela