The South African Multifamily Residential Rental Association (SAMRRA) has appointed Palesa Mkhize as its first full-time Chief Executive Officer, marking a significant step in the evolution of the country’s multifamily rental housing sector.
The move reflects a strategic shift as this specialist real estate sector enters a phase of institutional growth and increasing capital flows. With more than R40 billion in assets and over 75,000 units now represented across its membership, SAMRRA is entering a new chapter that calls for full-time leadership.
Established in 2024, SAMRRA is the industry body representing institutional landlords and key stakeholders in purpose-built rental housing. Its mission is to promote transparency, improve access to capital, and align stakeholders in one of South Africa’s most dynamic emerging asset classes.
Dedicated leadership with purpose and depth
Palesa Mkhize brings more than 16 years’ experience across banking, infrastructure investment and housing finance, along with a deep commitment to housing as a driver of inclusive economic growth.
She joins SAMRRA from Standard Bank’s Investment Banking Division, where she was Head of Affordable Housing Development. In that role, she led large-scale housing delivery, developed integrated blended finance models, and secured green construction funding from institutions such as the International Finance Corporation (IFC). She also partnered on major projects with developers including Calgro M3. Her previous roles include housing and infrastructure finance at Old Mutual Investment Group.
“Multifamily is dignity, opportunity and stability, and it is a great investment,” says Mkhize. “SAMRRA is well placed to help shape a more inclusive and investable multifamily future for South Africa, and over the past 18 months has established excellent momentum. I’m honoured to help carry that vision forward.”
A property sector on the rise
“The appointment of a dedicated CEO reflects the growing scale and strategic importance of professionally managed rental housing in South Africa,” says Myles Kritzinger, SAMRRA’s founding and outgoing CEO. “We’ve laid a strong foundation built on data transparency, aligned communities and long-term value. The next phase is about deepening that impact and unlocking further growth. Palesa is the right leader for this moment.”
Mkhize’s appointment comes amid growing interest in South Africa’s multifamily rental housing sector, which is gaining institutional recognition for its resilience and performance. According to SAMRRA data, average occupancy rates exceed 95%, rent collections top 98%, and tenant arrears remain below 1%. These metrics rival, and often outperform, traditional commercial real estate, and as more data becomes available, professionally managed, purpose-built rental schemes are proving their worth both economically and socially.
A mandate for stewardship and shared value
As CEO, Mkhize will lead SAMRRA’s next phase, focused on three priorities: improving transparency, building investor confidence and enabling data-driven decisions.
“This sector has proven to be resilient, and the asset class has shown itself to be defensive, making it ideal for institutional investment,” she says. “The task ahead is therefore to increase investment.”
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RELEASED BY CATCHWORDS FOR:
SAMRRA – South African Multifamily Residential Rental Association
Palesa Mkhize, CEO
FOR MORE INFORMATION OR TO BOOK AN INTERVIEW:
Kindly contact Bronwen Noble at +27 83 453 6668 or bronwen@catchwords.co.za
