“The days of letting leases run without vigilance has come and gone we need to adapt to constantly changing economic circumstances that affect tenants and therefore their landlord’s pockets,” explains Trethewey. Second-up, the company’s lockdown-learnings enabled them to solidify their value proposition. Deon Botha, one of the founding members remains a minority shareholder.
OWNER OF RENTMASTER FULL
“Taking on a management buyout at the time when COVID was in full force was a challenge Peet and I were both up to, and demonstrates our conviction in the RentMaster business,” says CEO Shanaaz Trethewey. RentMaster provides the full-service suite of a payment processing hub, debt collection and legal evictions with the important combination of allowing landlords to have a full view of each tenant’s collection status and the comfort of cash-flowed rent paid on the first. With decades of finance, insurance and technology experience, the new owners of RentMaster, Chief Executive Officer (CEO) Shanaaz Trethewey and Chief Technology Officer (CTO) Peet van der Walt, have re-positioned the company in the Fintech space for optimal growth, evolution, and success going forward.įirst-up this Fintech duo focused their energy on building a new digital platform, giving landlords the comfort of full access to their property portfolios. RentMaster is a trailblazer of tenant rental guarantees, a title earned by being the first to provide a rental guarantee product in South Africa coupled with two decades – more specifically 240 months of cash-flowing landlords’ rental payment in their bank on the first.
RentMaster has emerged stronger after lockdown with new management at the helm ready to empower landlords to get paid on time and tenants to remain in good standing. The impacts of a further skewing of competition in this market, through ill-considered licensing of spectrum, will be long lasting and negatively affect the availability of services and prices to consumers,” he concludes.With a new year on the horizon, residential landlords and property investors are seeking better ways to protect their investments and collect rental income from financially strapped tenants. “The issue of a competitive landscape is key for the entire sector and not only Telkom. “Unfortunately, this did not happen and regrettably, we find ourselves in this position once again.” “We would have hoped that the withdrawal of the previous ITA and referral of the matter back to Icasa for reconsideration in terms of the court order during September 2021 would have been followed by extensive consultation to understand the challenges the previous ITAs presented and avoid repetition of these in the current version,” says Mahlangu. Potential bidders like Telkom are not able to take a holistic view of the availability and conditions of access for total available spectrum before making their submissions for the auction. This has serious consequences for the ITA that was published in December 2021. Icasa has indicated that it wishes to reconsider the timing of the licensing of the Woan. “This is further compounded by the lack of clarity around the wholesale open-access network (Woan) as the ITA for the Woan has not been published,” Mahlangu continues. The outcome of the legal proceedings, set to heard starting on 14 March 2022, will have a material impact on the availability of spectrum in this band.Īccording to Telkom’s group executive: regulatory affairs and government relations, Dr Siyabonga Mahlangu, the timing of the ITA is ill-conceived as the auction process does not consider the timing and impact of the findings of the legal challenge. This band is currently the subject of a legal challenge brought by e-tv. Telkom said it has serious difficulties with Icasa's decision to again include sub 1 GHz spectrum in the intended auction.