The story of REM began with a savings group in the Kingdom of Eswatini established and led by Tinashe and Naomi Chitambira in 2012. The savings group Way-To-Go (WTG) comprised members from various professions contributing monthly savings. Members achieved different goals, such as household upgrades and educational fees. After six years of successful operations, there were ambitions to raise savings for tangible investments such as real estate investments. The group welcomed the new direction, but there were evident challenges; only a few members afforded the suggested monthly contributions. Then something happened; in 2017, a colleague sent Naomi a YouTube video on property ‘stokvel’ concept. At that moment, Naomi realized the real estate investment dream was achievable, but they needed to look beyond the WTG savings group.
Watching that video was like “an idea whose time had come,” says Naomi.
After a year and a half, the founders of REM started selling the idea to other professionals. They invited capable couples to lunch at their home and shared the vision, making calls to a list of friends in different countries, and eventually, Real Estate Masters was born. Real Estate Masters was incorporated in November 2019 in South Africa as a private company as defined in the Companies Act, 2008.
The operations of Real Estate Masters (PTY) Ltd. are subject to the highest ethics of corporate governance, and are subject to:
The REM Board of Directors oversees the business’s operations and provides fiduciary oversight with respect to all the requirements of the law.
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