Fausto DI Palma (BCOMM LLB)
Fausto graduated from Rhodes University, Grahamstown, with a BComm LLB in 2011. He was elected President of the Law Students' Society and Chairman of the Law Students' Council in 2010. His career began at Rhodes where he tutored first-year Commercial Law students in 2010, and was then hired by the University to lecture Commercial Law to second-year BCom students in 2011. He then moved on to complete his articles of clerkship as a candidate attorney at Johannesburg-based law firm Mssrs Moodie & Robertson Attorneys, Notaries and Conveyancers, from 2012 to 2013, assisting in the primary practice areas of debt collection, civil litigation in general, and more specifically local government law and property law, including sectional title law. After completing his articles of clerkship at Moodie & Robertson Attorneys, he remained at the law firm as a Legal Professional for the duration of 2014, running his own High Court and Magistrates' Court trials and applications, and gaining high-level experience in company law, private property evictions, body corporate levy collections, municipal debt collections and pension fund disputes, amongst other areas. Since joining the BCBS team in June 2015, Fausto has established a highly systemised and functional legal department to monitor Body Corporate loans and levy collections, and the legal team which he manages offers high-level legal support to the BCBS group and its business. Fausto is an active member of the National Association of Managing Agents (NAMA) Regional Committee for Gauteng West where he participates in monthly seminars and activities in the sectional title industry. He consults closely with the BCBS group, and in a multitude of areas concerning the sectional title industry.
Justin Mason (B.Comm)
Having graduated from the University of Natal, with a B.Comm degree, Justin began his business career as a portfolio manager at Gradwells Real Estate Management in Johannesburg. Gradwells was then bought by Investec Bank, after which he and the other directors of Gradwells formed a new partnership. Their main business activities included property broking and residential Sectional Title development. Having completed a number of developments, the largest being the 201 unit Hazelwood complex, he formed his own company in 2001. At this point Justin decided to specialize, focusing all his business activities within the Sectional Title industry. His activities have included developing Sectional Title schemes, establishing various property syndications including a R260 million Sectional Title property portfolio. He has assisted various banks, most notably Standard, ABSA, First Rand and Nedbank with the development and implementation of the Joint Banks Sectional Title Training and Compliance Program. This program was implemented and managed by Voyager Property Management throughout the country in 2003/4. He has also conducted research on the establishment and maintenance of a national Sectional Title database on behalf of the Banking Association of S.A. Over the past seven years Justin has developed and established a financial lending package to assist financially distressed Bodies Corporate. These loan packages, which have as core elements a debtors rehabilitation program and a view that paying owners should not suffer any negative effects as a result of Body Corporate borrowing, have yielded fresh innovations in the financial arena of the Sectional Title industry. The phenomenal growth of this business bears testimony to the industries acceptance of this initiative. Justin has participated and continues to participate in a number of ground-breaking advancements within the Sectional Title industry. These include his active participation within the National Association of Managing Agents (NAMA) where he was instrumental in the funding, development and national road show of a code of conduct for Sectional Title managing agents, in association with Prof. Henk Delport. This code of conduct has been submitted to the Department of Trade and Industry and the EAAB for acceptance and implementation. He was recently awarded an Honorary Life Membership to NAMA. He also participated, with Prof. Graham Paddock, Prof. Corne van der Merwe and others, in various current and pending amendments to the Sectional Titles Act. The first of these was his participation, as part of a government research team, to Singapore and Australia in relation to the government's current proposal to amend the Sectional Titles Act to include an Ombudsman's office to regulate and control dispute resolution. These amendments have been signed off by the State President and are to be implemented in 2014. The second was various submissions to the Sectional Title Regulations Board and Parliament regarding the proposed amendments to Section 47(1) of the amended Sectional Titles Act as it then was.
Johnny Wates (B.Bus.Sci (Fin Honours), MSc Financial Analysis and Fund Management, CFA)
Johnny completed his Bachelor of Business Science (Honours) degree at the University of Cape Town in 2004. Having completed his degree Johnny furthered his studies in the United Kingdom gaining his Masters in Finance at the University of Exeter in 2006. During this period Johnny also completed the first and second levels of the CFA designation. Johnny returned to South Africa and joined Nodus Capital in 2007, at which time he also completed the third and final level of the CFA designation. During his time at Nodus Johnny was part of the team which originated and placed the first Corporate Bond in South Africa placed by a non-banking institution and transacted in various debt and equity deals. Johnny left Nodus Capital to join Nexus Asset Management in 2010 and managed the Corporate Currency Hedging Portfolio and long short equity managed futures hedge fund with Kevin Shames. Johnny also provided support to the Body Corporate Specialised Opportunities Fund, a Fund which sole focus was on Sectional Title lending and the purchase of municipal rates in association with Justin Mason. Johnny joined Justin Mason in 2012 as a partner in the BCBS group.
Lucinda started working in the Sectional Title industry with Justin Mason in 2006 and has completed various Sectional Title courses at the University of Cape Town with distinction. During the past seven years Lucinda has gained an in depth knowledge of the entire group and the functions performed by each. Lucinda has also participated in many of the Municipal initiatives undertaken by Justin Mason throughout the country including the successful purchase of the eThekwini Rates and Taxes Sectional Title debtor book in November 2010 as well as the current initiative with the Johannesburg Municipality to rehabilitate 1100 distressed sectional title complexes within their jurisdiction. Lucinda's strength lies in her attention to detail which has clearly assisted her in the successful running of the Operations Division. This includes the management of both the Johannesburg and Durban offices. Lucinda assists Johnny with various aspects pertaining to the administration and management of the BCBS loan book.