TUHF Holdings Limited names its new Chairman

Cas Coovadia will lead the TUHF Holdings Limited Board as the new Chairman taking over from Samson Moraba.

Cas Coovadia will lead the TUHF Holdings Limited Board as the new Chairman taking over from Samson Moraba, who has ably led the board since inception. The appointment takes effect from April 2022.

The Trust for Urban Housing Finance (TUHF) specialises in financing property development projects in South Africa’s inner cities.

“It has been an honour to serve on the board under Mr Moraba’s leadership,” Cas says. “We have cemented our position as a leading impact investor during his tenure, and I look forward to working with the board and management team at TUHF to build on this foundation.”
 
“I am pleased that Samson will remain a member of the Board,” he continues. “His reputation in the industry is impeccable and we value his continued contribution to TUHF.”
 
Cas is the CEO of Business Unity South Africa, former MD of Banking Association of South Africa, chairman of the National Business Initiative, and chairman of Finmark Trust. He also serves on the boards of the Centre for Development and Enterprise, Nepad Business Foundation, Wits Business School, Youth Employment Services (YES) and on the Board of Governors of the International Organisation of Employers (IOE).

Paul Jackson, CEO of TUHF, says: “Cas’s longstanding relationship with TUHF, and his wealth of knowledge and experience in the financial services sector, has always been valuable to us. He is a prominent member of the business community and as chairman, he brings further continuity to our leadership as we continue on our path for growth.”
 
Despite the disruption caused by COVID-19 over the last two years, TUHF has maintained its position as a leader in several inner-cities and surrounds for affordable housing finance. TUHF adopted new ways of doing business during a very challenging time and demonstrated its ability to be responsive, sensitive, caring, and inclusive in its solutions. TUHF’s board remains confident that its market niche, especially affordable housing as an asset class, has shown resilience and is likely to show significant growth.
 
“We remain optimistic about the future,” Cas says. “The team at TUHF have done phenomenal work through the pandemic, and their resilience and commitment to make the transition to the new normal has been immense. Now, we need to build on the success of this effort to continue making an impact in our inner cities.”