Balwin Properties, known for its secure, eco-conscious, and strategically located residential estates, has achieved substantial growth in its annuity income, primarily driven by its fibre and renewable energy services. Offering one-, two-, and three-bedroom apartments, Balwin developments cater to a diverse spectrum of home buyers and investors.
These apartments feature modern, energy-efficient kitchens, prepaid water and solar-assisted electricity systems, and eco-friendly appliances, with every unit fully fibre-enabled through Balwin’s dedicated subsidiary.
In the latest financial year, Balwin Annuities reported a 17% year-on-year revenue growth, reaching R65.8 million as of August 2024, up from R56.3 million in 2023.
Fibre installation and infrastructure services remained the largest revenue drivers, contributing 53% of the total annuity income.
Balwin Fibre saw a considerable increase in reach, connecting 9.63 million households in 2024, up from 8.61 million in the previous year, reflecting the company’s commitment to providing high-speed internet across its developments.
Balwin’s dedication to sustainability was further demonstrated by its solar initiative, Balwin Green Living, which has contributed positively to the company’s profit after tax for the first time. This program, focused on the installation and management of solar PV arrays, is part of Balwin’s broader mission to support renewable energy adoption within its residential estates.
New ventures launched in 2024, including Balwin Connect (an ISP for seamless connectivity), Balwin Maintenance (offering maintenance advisory for sectional title schemes), and Balwin Approved (a residential property trade-in service), together accounted for 4% of the annuity revenue.
Other significant revenue streams for Balwin include its commercial and residential rental assets and its financial services segment, which offers mortgage bond origination and insurance services.
As Balwin Properties continues to innovate and expand its range of services, its commitment to sustainability and connectivity positions the company as a key player in the South African property market, appealing to a new generation of eco-conscious and tech-savvy homeowners.
Curiosity often surrounds the compensation packages of top executives, particularly in publicly traded companies. In this context, Balwin Properties, a prominent player listed on the Johannesburg Stock Exchange (JSE), is no exception.
At the helm of this successful property group is Steve Brookes, the company’s CEO and founder.
Understanding the financial remuneration of such a key figure can provide valuable insights into the company’s priorities and financial health.
So, just how much is Balwin Properties paying Brookes?
Today, the company published its 2024 annual report that disclosed the salaries of the company’s executives.
The company revealed that Brrokes was paid R11.7 million in 2024 financial year versus R16.1 million in 2023.
He also owns more than 171 million indirect shares in the company, representing a 33.07% shareholding.
