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 - Chief Financial Officer
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 date - MDC Financial Services- Partner

2009 - Current date - Chief Financial Officer of City Capital

 Dave Rundle

 Dave Rundle - Audit Committee and Social and Ethics Committee member                                                                       2018 - Current date - Non-Executive director of City Capital                                                                                                   



Andrew Herweg - Audit Committee and Social and 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 date - Non-Executive director of City Capital

 Steyn 3

Steyn Boshoff - Chief Executive Officer
1991 - 1994 - ABSA
1995 - Prism Consultants - Short term insurance brokerage
1995 - 1998 - Etosha Versekeringsmakelaars
1998 - Current date - Steyn Boshoff & Associates
2009 - Current date - Non-Executive director and Chief Executive Officer of City Capital 

Latest News

Resumption of share repurchases


The Company has been successful in disposing of the remaining apartments at the "17 on Cluver" development and the board has resolved to enable shareholders to dispose of some of their shares for 100 cents per share.  The total repurchase amount is R 3 million over a period of six months on a first-come first-served basis. Read more ...


Development progress


The board is delighted to announce that all the student apartments at 17 on Cluver in Stellenbosch have been sold and that the development has been a resounding success.  Transfer of 25 sections that were sold has been registered by the deeds office. A further section that has been sold will be registered before 30 April 2022.  Click on for details.


On 26 March 2020, the Stellenbosch Municipality issued approval for the development of OakHills Estate outside Stellenbosch. The board regrets to advise that the purchaser of 7 blocks of apartments was unable to secure finance for the acquisition and that the sale agreement has lapsed.  The board has been in discussions with a private property fund for the disposal of the 7 blocks or the disposal of the entire development.  At this stage no agreements have been concluded.  Click on for details.


Dividend announcement


The board has made an announcement regarding a dividend for the second half of the 2022 financial year. Read more ...


All resolutions approved at the recent AGM


Shareholders approved all resolutions tabled at the recent Annual General Meeting. Read more ... 



Covid-19 update report


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