SA Home Loans Company Information

SA Home Loans: The Companies and People Who Drive It

SA Home Loans has three shareholders: Standard Bank Group Limited (50%), the Public Investment Corporation (authorised representative of the Government Employees Pension Fund) (25%) and Bolatja Hlogo Consortium (25%), giving our home loans business significant credibility and ensuring that our clients can have complete confidence in placing their mortgages with us.

SA Home Loans

Meet Our Shareholder Companies:


Standard Bank Group is one of the largest banks in South Africa and a global financial player, operating in 38 countries of which 17 are in Africa. The Group thus offers strong expertise in emerging markets, coupled with a global outlook.

Listed on the JSE Limited and the Namibian Stock Exchange, the Group had total assets of over R756 billion (approximately US$119 billion) at December 31, 2005, and a world-wide staff complement of over 40 000. It has played a central role in the development of the Southern African economy for more than 140 years, by delivering relevant banking and financial services to meet the evolving needs of the region’s economies.

THE PUBLIC INVESTMENT CORPORATION (authorised representative of the Government Employees Pension Fund)

The Public Investment Corporation (“PIC”) is the primary investment manager of the Government Employees Pension Fund (“GEPF”) and as one of Africa’s largest investment managers had more than R1.4 trillion in assets under management at 31 March 2013. PIC has a significant mandate from GEPF to invest in assets with a positive developmental impact.

The GEPF is Africa’s largest pension fund, with R1.2 trillion in assets and more than 1.6 million members and beneficiaries at 31 March 2013. GEPF is the single largest investor in JSE listed companies and has significant holdings in government bonds, property and unlisted investments. GEPF is a champion of responsible investing both in South Africa and on the African continent, with a commitment to a developmental investment strategy.

The Bolatja Hlogo Consortium is a broad-based BEE consortium funded by GEPF, whose shareholders have extensive experience in the financial services sector and significant experience and interests in mixed income and affordable housing development amongst their investments.

Meet Our Management Team:

Kevin Penwarden B Compt. (Hons); CA (SA)
Chief Executive Officer
Kevin’s career began after several achievements as one of the top ten chartered accountant students in the country. He has held numerous senior management positions in the financial services industry and joined SA Home Loans in 2002 as an executive director and Chief Operating Officer. He came to us from Flemings Southern Africa where he was MD and senior country officer, with duties that included stock broking, asset management and merchant banking. His extensive experience in the insurance and financial services industries brings both a solid operational management and sound strategic influence to SA Home Loans.

Crispin Swainston Harrison B.Com, B.Compt (Hons), ACMA, CA (SA), PGDipM
Executive Director: Sales and Marketing

A Chartered Accountant and Chartered Marketer, Crispin has extensive experience (local and international) in financial services companies in both the treasury and retail divisions. He is a founding member of SA Home Loans and has operated as a key member of the executive team in nearly all divisions. He currently heads up marketing and all sales channels.

Guy Saville B.Com CA (SA)
Director: Information Technology, Systems and Credit

Guy’s responsibilities combine new business initiatives and product development with IT systems development and technical infrastructure. He also heads the Credit function at SA Home Loans. His career has been a mix of business and IT management, with a strong banking influence. After eight years of international business and consulting experience gained in the UK and USA, he returned to South Africa and joined NBS Bank where he became General Manager: Information Technology. He then became a member of the Mortgage Loans executive team where he was responsible for all IT and mortgage support services at NBS/BOE. Guy joined SA Home Loans at the beginning of 2004.

Rob Kelso CA (SA)
Chief Financial Officer
A Chartered Accountant by training, Rob has wide-ranging experience in the financial services sector, having previously filled the position of Senior Manager in the Financial Services team at Deloitte where, among other duties, he had national responsibility for Debt Origination Services as well as being the lead client service manager on various diversified banking groups. In 2000 he achieved the notable distinction of being the top candidate in the country in the final qualifying chartered accounting board exams.

Rob joined SA Home Loans in 2005 and in his current position has overall responsibility for the finance, treasury, and analytics business units of the group, as well as playing an integral role in business development initiatives. In his tenure with the group he has also at various times had executive responsibility for the risk, compliance and loss control business units.  He has been a director of SAHL Life and SAHL Insurance since 2007.

Tim Bean BSc (Hons), MSc, FFA, FASSA
Director: Insurance

Tim is an Actuary who has spent most of his career specialising in life and short term assurance. His particular experience includes three years in actuarial consulting and 20 years in senior roles within leading Bancassurance businesses.  Tim joined SA Home Loans in 2005 with the mandate of the Managing Director to establish SA Home Loans’ own life assurance company. In 2006 SA Home Loans also decided to establish its own Short Term Insurance Company and, following the successful launch of SA Home Loans Life, Tim was given the similar mandate to set up SA Home Loans Insurance Company which was launched in December 2006. His experience, as part of the Executive Committee of the SAHL Group, extends across a wide range of responsibilities within both the Home Loans and Insurance businesses.

Colin Young B.Com, B.Agric Management
Director: Loss Control and Insurance Operations

Colin holds a B.Com with majors in economics and business administration as well as a B Agric Management degree and has 25 years of operations experience. Of these nine were spent in charge of operations with a leading Bancassurer. Colin joined SA Home Loans in 2005 as Chief Operating Officer of our life assurance company which he helped establish. He was also involved in setting up SA Home Loans Insurance Company which was launched in December 2006. The following year Colin joined the executive team of SA Home Loans where he held the portfolio of Operations Director.  In 2014, Colin was appointed to the role of Director: Loss Control and Insurance Operations.

Zakheni Dlamini B.Com (Hons), CA (SA)
Director: Business Development

Zakheni is a Chartered Accountant with over 12 years financial services experience and has also completed the Bankseta International Executive Development Programme. Zakheni joined SA Home Loans in 2007 as Risk Manager. In 2013, he was promoted to EXCO and took on the additional portfolio of affordable housing, leading the successful entry of SA Home Loans into the affordable housing market. Following his appointment as Director of Business Development in August 2015, he retains overall responsibility for the growth and performance of the affordable housing business unit as well as championing new market opportunities and strategic partnerships with the GEPF and GEHS.

Rashnee Pawaar B.Soc Sc
Director: Operations

Rashnee holds B. Soc Sc with majors in Psychology and honours in Social Work, and also completed the Management Advanced Programme (MAP) at Wits Business School. Having started her career as a clinical social worker for Child Welfare, she later also became involved with grassroots community development work of informal settlements in the broader Durban area. Her career then moved to corporate business where she has accumulated 19 years of experience in both General Business Management and Human Resource Management in different industries, including retail (FMCG), banking/financial, pharmaceutical and the movie industry. Rashnee joined SA Home Loans in March 2008 as HR Director, moving to become Operations Director in April 2016.

Nandi Manentsa B. Com (Hons) Industrial Psychology, MBA
Director: HR and Learning & Development

Nandi cut her teeth in core banking operations, but soon moved into people management practices. Her work experience of over twenty years includes financial services, communications / technology and the automotive retail sector. She joined SA Home Loans in April 2016.

Sipho Reginald Dlamini B.Com, Postgrad Cert Adv Taxation, MBA
Director: Risk & Compliance
Sipho holds a B.Com degree, Post Graduate Certificate in Advanced Taxation, Advanced Diploma in Financial Management, and Masters in Business Administration. He also completed an Advanced Leadership Development Programme through UKZN. He has 19 years work experience gained from the financial services and higher education sectors, local government, Petrochemical and sugar industries, where he occupied various Accountant roles, Finance Manager and Director for financial services. He joined SA Home Loans in April 2016. In his role as Director: Risk & Compliance, his responsibilities include enterprise risk, legal and compliance, internal audit and fraud investigations.