Board of Directors

The Board is responsible for the strategic direction and control of the Company. It exercises control through a governance framework that includes the review and implementation of detailed reporting presented to it and its subcommittees and the implementation of a continuously updated risk management programme.

The Board comprises eight Directors of whom five are non-executive and four are independent. The executive Directors are Gavin Mark Lucas (CEO), Steven James Horton and Stephen Charles Lucas.

The Board considers sound corporate governance practices to be a critical element in delivering sustainable growth for the benefit of all stakeholders. In conducting the affairs of the Company, the Board endorses the principles of fairness, responsibility, transparency and accountability advocated by the principles of the Code of Corporate Practices and Conduct set out in the King Report on Corporate Governance (“King IV”). We implemented the King IV after thorough consideration of the recommended practices. As a relatively new and growing business, we endeavour to evolve our corporate governance practices, policies and procedures in tandem with our business, taking guidance from the recommended practices outlined in King IV. Read more about our application of King IV principles here.

 In regularly reviewing the Company’s governance structures, the Board exercises and ensures effective and ethical leadership, always acting in the best interests of the Company, at the same time concerning itself with the sustainability of its business operations.

Graham Blackshaw :  Non-executive Chairman

A former lead development partner in the Faircape group of companies, Graham played an integral role in driving the formation of the Stor-Age Joint Venture between Acucap, Faircape and Stor-Age Property Holdings in 2010.

A qualified attorney, Graham practiced law at Herold Gie and Broadhead before joining the Cape of Good Hope Bank, where he went on to head up the Property Lending Division.
Sello Moloko :  Independent Non-executive

Sello is the co-founder and executive chairman of Thesele Group and has more than 27 years’ business experience. He is the former non-executive chairman of Alexander Forbes Group Holdings Limited, former CEO of Old Mutual Asset Managers and former deputy CEO of Capital Alliance Asset Managers.

He is currently the chairman (outgoing) of Sibanye Gold Limited and of Telkom, and a non-executive director of Prudential Investment Managers and MMI Holdings Limited.

Kelly-Maree de Kock :  Independent Non-executive

Kelly is specialised in the areas of corporate finance and investor relations, as well as mergers and acquisitions. She has more than 13 years’ commercial experience in the financial services sector and currently holds the position of Chief Operating Officer at Old Mutual Wealth Trust Company.

Kelly previously held the positions of Head of Institutional Business Development at Kagiso Asset Management and Investor Relations Manager: South Africa at Old Mutual plc.

Phakama Mbikwana

Phakama Mbikwana Independent Non-executive

Phakama has over 15 years of banking experience, where she has been exposed to all the industry segments. She left the banking industry as a principal at Barclays Africa where she held the role of sector head: construction and construction-related sectors in the corporate and investment banking devision. She has previously held roles at Standard Bank Group, Investment Solutions (Alexander Forbes Multi-Asset Manager) and Nedbank Corporate.

Phakama is currently CEO of Africa Rising Capital (advisory and investment holdings). She also holds the role of an independent non-executive director on the board of Wits Health Consortium Proprietary Limited.


John Chapman :  Independent Non-executive (lead independent)

John Chapman is currently an executive director of Rabie Property Group (Pty) Limited. He holds a Bachelor of Science degree (Construction Management), obtained from the University of Cape Town in 1983.

After university, John spent three years with Murray and Roberts Cape as a Project Engineer, before joining the Rabie Property Group where he has been for thirty-two years.


Mntungwa Morojele :  Independent Non-executive

Mntungwa has more than 33 years of business experience, having established and managed various companies including Briske Performance Solutions and Motebong Tourism Investment Holdings. He is currently the CEO of 3RE Connect South Africa, which is pursuing opportunities in the Renewable Energy sector.

Mntungwa is currently the lead independent director of Spur Corporation Limited, a position he has held since 2011, and has also previously served on the boards of Gray Security Services, Verifone Africa (Pty) Limited and Capital Eye Investments (previously the UCS Group Limited).

Gavin Lucas :  CEO

An entrepreneurial property developer backed by an experienced management team of professionals with a range of skills including investment banking, finance, property and construction, Gavin founded the Stor-Age Group in 2005.

Leading the organisation by providing a common vision and mission, Gavin is responsible for the strategic direction of the group, coordinating plans to meet strategic goals, overseeing the overall operations and stakeholder engagement.
Stephen Lucas :  Chief Financial Officer

Stephen is one of the founding shareholders of Stor-Age and has worked alongside Gavin and Steven in developing the Stor-Age business since its inception.

Stephen focuses on the group’s financial and operational management, human resources and developing and executing the operations strategy. He also has previous advisory experience in corporate finance and transaction support.
Steven Horton Executive

Steven is head of property and directs the group’s property growth strategy. He oversees the procurement of all opportunities and the development planning, development and property management of the portfolio.

Steven drives Stor-Age’s acquisition and expansion efforts in South Africa and the UK.