Levitt founded multiple real estate, investment and asset management companies. He is best known for developing both auctions and logistics parks in Southern Africa.[1]
Early careeredit
While studying at the University of Cape Town, Levitt sold his first property in 1989.[1] In August 1992, he conducted his first auction on behalf of Absa Bank Ltd[2] and at the age of 21 founded his first auction company, Levco Auctions.[3] Three years later Levitt sold Levco Auctions to Seeff Holdings Ltd and merged the two companies. Levitt was appointed CEO of the merged company that was renamed Seeff Auctions.[4]
Auction Allianceedit
After the delisting of Seeff Holdings Ltd in 1998, Levitt completed a management buyout of Seeff Auctions, renamed the company Auction Alliance and became its CEO.[5][6] In 2006 Auction Alliance sold a 25.1% stake to Amabubesi Investments[7] and in 2010 a 31% stake to Transaction Capital.[8] By 2010 Auction Alliance's turnover was over R300 million, with sales of over R6 billion.[9] In 2011, after a well-publicized dispute arose at an auction, Levitt voluntarily closed Auction Alliance.[10]
Superpomedit
In 2012, Levitt acquired a bankrupt Pomegranate orchard at the Bonathaba Farms in Wellington, Cape Town and renamed it Superpom SA.[11] The company became South Africa's largest pomegranate exporter and Levitt became a non-executive Chairman of the company.[12]
Inospaceedit
In 2017 Levitt founded Inospace, an owner and manager of serviced industrial and logistics parks.[13] The company began with one industrial park in Epping, Cape Town and grew through acquisitions.[14] Under Levitt's leadership, Inospace grew its assets in South Africa and the United Kingdom to over R3billion.[15] In 2022 Inospace concluded a R1,25billion transaction with Fortress REIT Ltd.[16] In 2023 the company branched into the logistics sector offering outsourced warehousing and fulfilment services to e-commerce businesses [17]
Lift Airlineedit
Levitt is a founding shareholder of Lift Airline, which launched on 10 December 2020. Lift operates on major domestic routes from O. R. Tambo International Airport, Johannesburg using a fleet of Airbus A320 narrow body aircraft, operated by Global Aviation. Levitt is a non-executive director of the airline.[18]
Bookedit
It Takes a Tsunami (2022), published by Mercury.[19]
Community positionsedit
In 2010 Levitt was appointed as the Chairman of YAD.[20] He was appointed a trustee of the Rambam Trust, a board member of Glendale care services and the United Jewish Campaign. Levitt is the founding trustee of the Red Circle Trust, which focuses on entrepreneurial educational development.
Referencesedit
^ ab"On the fall of the hammer". The South African. 10 August 2013. Archived from the original on 10 December 2013.
^"Absa Bank Ltd". Absa Bank Ltd. from the original on 15 March 2011. Retrieved 19 June 2022.
^"Realised vision. WHAT IT MEANS". from the original on 12 December 2013. Retrieved 10 December 2013.
^"Auction Group Luanches". Independent Newspapers. from the original on 4 April 2022. Retrieved 4 April 2022.
^"Business Day". businesslive.co.za. from the original on 17 December 2018. Retrieved 17 December 2018.
^"South Africa: Property Boosts Auction Industry". All Africa. 2 December 2005.
^"Major BEE deal signed under Property Charter". mg.co.za. 4 May 2006. from the original on 4 March 2016. Retrieved 10 December 2013.
^Kamhunga, Sure (16 July 2008). "Transaction Capital acquires 31% of Alliance". BusinessLIVE. from the original on 19 June 2022. Retrieved 6 August 2012.
^"Auction group may face fine of R30m". iol.co.za. from the original on 24 September 2015. Retrieved 10 December 2013.
^Ny'Mumbo, Agola (28 May 2023). "It Takes A Tsunami: A Compelling Tale of Survival, Redemption, and Human Resilience". U Spiked. p. 1.
^"Pomegranate Farms". uff.co.za. from the original on 4 April 2022. Retrieved 4 April 2022.
^"Pomegranates" (PDF). sapomegranate.co.za. (PDF) from the original on 13 February 2022. Retrieved 4 April 2022.
^Wilson, Nick (27 March 2022). "Inofort has big plans for 'last-mile' logistics". The Sunday Times. p. 1. from the original on 3 April 2022. Retrieved 3 April 2022.
^Anderson, Alistair (20 August 2020). "Q&A Rael Levitt: Making industrial space more flexible". Business Day. from the original on 1 April 2022. Retrieved 4 April 2022.
^Bizcommunity, Journalist (30 November 2021). "The Origins of Inospace". Bizcommunity. from the original on 2 December 2021. Retrieved 3 April 2022.
^"Auction Alliance's Rael Levitt returns to property arena". BusinessLIVE. from the original on 17 December 2018. Retrieved 3 May 2019.
^Mhlanga, Denise (6 August 2023). "Inospace launches e-commerce fulfilment warehouse in Cape Town". Business Day. p. 1.
^Smith, Carin (11 December 2021). "Flexibility helped SA's youngest airline celebrate one year, says CEO". News24. from the original on 4 April 2022. Retrieved 4 April 2022.
^Sinxo, Zolani (26 November 2022). "'It Takes a Tsunami': A story of downfalls and success". IOL.
^(PDF). Cape Jewish Chronicle. Vol. 28, no. 2. March 2011. Archived from the original (PDF) on 23 September 2015.
rael, levitt, born, 1971, entrepreneur, author, business, leader, from, south, africa, double, master, degree, graduate, from, ucla, anderson, school, management, national, university, singapore, contents, career, early, career, auction, alliance, superpom, in. Rael Levitt born 10 May 1971 is an entrepreneur author and business leader from South Africa He is a double master s degree graduate from the UCLA Anderson School of Management and the National University of Singapore Contents 1 Career 1 1 Early career 1 2 Auction Alliance 1 3 Superpom 1 4 Inospace 1 5 Lift Airline 2 Book 3 Community positions 4 References 5 External linksCareer editLevitt founded multiple real estate investment and asset management companies He is best known for developing both auctions and logistics parks in Southern Africa 1 Early career edit While studying at the University of Cape Town Levitt sold his first property in 1989 1 In August 1992 he conducted his first auction on behalf of Absa Bank Ltd 2 and at the age of 21 founded his first auction company Levco Auctions 3 Three years later Levitt sold Levco Auctions to Seeff Holdings Ltd and merged the two companies Levitt was appointed CEO of the merged company that was renamed Seeff Auctions 4 Auction Alliance edit After the delisting of Seeff Holdings Ltd in 1998 Levitt completed a management buyout of Seeff Auctions renamed the company Auction Alliance and became its CEO 5 6 In 2006 Auction Alliance sold a 25 1 stake to Amabubesi Investments 7 and in 2010 a 31 stake to Transaction Capital 8 By 2010 Auction Alliance s turnover was over R300 million with sales of over R6 billion 9 In 2011 after a well publicized dispute arose at an auction Levitt voluntarily closed Auction Alliance 10 Superpom edit In 2012 Levitt acquired a bankrupt Pomegranate orchard at the Bonathaba Farms in Wellington Cape Town and renamed it Superpom SA 11 The company became South Africa s largest pomegranate exporter and Levitt became a non executive Chairman of the company 12 Inospace edit In 2017 Levitt founded Inospace an owner and manager of serviced industrial and logistics parks 13 The company began with one industrial park in Epping Cape Town and grew through acquisitions 14 Under Levitt s leadership Inospace grew its assets in South Africa and the United Kingdom to over R3billion 15 In 2022 Inospace concluded a R1 25billion transaction with Fortress REIT Ltd 16 In 2023 the company branched into the logistics sector offering outsourced warehousing and fulfilment services to e commerce businesses 17 Lift Airline edit Levitt is a founding shareholder of Lift Airline which launched on 10 December 2020 Lift operates on major domestic routes from O R Tambo International Airport Johannesburg using a fleet of Airbus A320 narrow body aircraft operated by Global Aviation Levitt is a non executive director of the airline 18 Book editIt Takes a Tsunami 2022 published by Mercury 19 Community positions editIn 2010 Levitt was appointed as the Chairman of YAD 20 He was appointed a trustee of the Rambam Trust a board member of Glendale care services and the United Jewish Campaign Levitt is the founding trustee of the Red Circle Trust which focuses on entrepreneurial educational development References edit a b On the fall of the hammer The South African 10 August 2013 Archived from the original on 10 December 2013 Absa Bank Ltd Absa Bank Ltd Archived from the original on 15 March 2011 Retrieved 19 June 2022 Realised vision WHAT IT MEANS Archived from the original on 12 December 2013 Retrieved 10 December 2013 Auction Group Luanches Independent Newspapers Archived from the original on 4 April 2022 Retrieved 4 April 2022 Business Day businesslive co za Archived from the original on 17 December 2018 Retrieved 17 December 2018 South Africa Property Boosts Auction Industry All Africa 2 December 2005 Major BEE deal signed under Property Charter mg co za 4 May 2006 Archived from the original on 4 March 2016 Retrieved 10 December 2013 Kamhunga Sure 16 July 2008 Transaction Capital acquires 31 of Alliance BusinessLIVE Archived from the original on 19 June 2022 Retrieved 6 August 2012 Auction group may face fine of R30m iol co za Archived from the original on 24 September 2015 Retrieved 10 December 2013 Ny Mumbo Agola 28 May 2023 It Takes A Tsunami A Compelling Tale of Survival Redemption and Human Resilience U Spiked p 1 Pomegranate Farms uff co za Archived from the original on 4 April 2022 Retrieved 4 April 2022 Pomegranates PDF sapomegranate co za Archived PDF from the original on 13 February 2022 Retrieved 4 April 2022 Wilson Nick 27 March 2022 Inofort has big plans for last mile logistics The Sunday Times p 1 Archived from the original on 3 April 2022 Retrieved 3 April 2022 Anderson Alistair 20 August 2020 Q amp A Rael Levitt Making industrial space more flexible Business Day Archived from the original on 1 April 2022 Retrieved 4 April 2022 Bizcommunity Journalist 30 November 2021 The Origins of Inospace Bizcommunity Archived from the original on 2 December 2021 Retrieved 3 April 2022 Auction Alliance s Rael Levitt returns to property arena BusinessLIVE Archived from the original on 17 December 2018 Retrieved 3 May 2019 Mhlanga Denise 6 August 2023 Inospace launches e commerce fulfilment warehouse in Cape Town Business Day p 1 Smith Carin 11 December 2021 Flexibility helped SA s youngest airline celebrate one year says CEO News24 Archived from the original on 4 April 2022 Retrieved 4 April 2022 Sinxo Zolani 26 November 2022 It Takes a Tsunami A story of downfalls and success IOL New chairman at the head of YAD PDF Cape Jewish Chronicle Vol 28 no 2 March 2011 Archived from the original PDF on 23 September 2015 External links edithttps www raellevitt com https www linkedin com in raellevitt Retrieved from https en wikipedia org w index php title Rael Levitt amp oldid 1177499137, wikipedia, wiki, book, books, library,
