Tel:     021 946 1946
Fax:    021 946 2645

About Us

City Capital invests in the shares of private companies that have the sole purpose of owning commercial properties.The investors buy shares in the Company, which is a public company, and the Company in turn owns properties, or property companies. City Capital is a separate company and it is owned by the investors. The Company has one billion approved shares.  When a new investor buys shares, new shares are issued to that investor and that investor immediately becomes a joint shareholder in all of the assets of the company. The money from the sale of the shares is used to expand the property portfolio for the benefit of all of the shareholders.




Marc Conradie - Financial Director
Qualifications: B.Com(Wits), B.Acc (Wits), CA (SA)
1991-1994 - Sable Holdings Ltd - Financial Manager
1995-1998 - Altech Electronic Products (Pty) Ltd - Financial Manager
1998-2000 - Salcast, a division of Dorbyl Ltd - Financial Manager
2000-2008 - Apollo Brick (Pty) Ltd - Financial Director
1986-Current - MDC Financial Services- Partner

2009-Current - Financial Director of City Capital

 Dave Rundle

 Dave Rundle - Non-Executive Director                                                                                                                                                                               



Andrew Herweg - Audit Committee and Social & Ethics Committee Member
Involved in Financial Industry for 27 years
Joined Liberty Life in 1988
Set up an independent brokerage in 1990
Business owner of Aviva, a successful tourism business established in 2002
Owns and manages properties locally and onverseas and successfully manages offshore properties for 6 clients.
2009-Current - Non-Executive Director of City Capital

 Steyn 3

Steyn Boshoff - CEO
1991-1994 - ABSA
1995-Prism Consultants - Short term insurance brokerage
1995-1998 - Etosha Versekeringsmakelaars
1998-Current - Steyn Boshoff & Associates
2009-Current - Non-Executive Director and currently CEO of City Capital 

Latest News

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Suspension of share repurchases


The board has temporarily suspended the repurchase of shares in the light of high property portfolio vacancies and uncertainty regarding finance for the purchase of apartment blocks at OakHills Estate. Read more ...


All resolutions approved at the recent AGM


Shareholders approved all resolutions tabled at the recent AGM. Read more ...


COVID-19 update report

The board has issued a report to shareholders concerning the COVID-19 outbreak. Read more ...


Development progress


The development and construction of 17 on Cluver in Stellenbosch has been completed with the issue of an occupation certificate by the Stellenbosch Municipality on 11 December 2019.  Transfer of 16 sections that were sold has been registered by the deeds office. A further section that have been sold will be registered before 30 Aoril 2021.  All of the unsold apartments have been leased for 2021 at good rentals.  Marketing efforts are continuing to dispose of the remaining 9 sections. Click on for details.


On 26 March 2020, the Stellenbosch Municipality issued approval for the development of OakHills Estate outside Stellenbosch. A sales agreement, subject to the successful approval of finance, for 7 blocks of apartments has been signed with a purchaser. We await confirmation of finance approval that is expected by the end of March 2021. The remaining 5 blocks of apartments will be purchased by City Capital. In the interim the property has been handed over to the appointed civil contractor for preparation and security of the site.  Click on for details.


Dividend announcement


The board has made an announcement regarding a dividend for the second half of the 2019 financial year. Read more ...


Share repurchase at 60 cents per share


The board has announced an opportunity for shareholders of the company to dispose of their shares to the company at 60 cents per share.

Read more ...