Malusi began his 18-year career in property valuations at the eThekwini Municipality in Durban and went on to work in the private sector. This is where he broadened his experience whilst working for JHI, Nedbank Corporate Property Finance and Investec Specialist Bank leading up to FirstRand Group. His previous notable roles include Head of Property Risk: Johannesburg, Head of Property Risk: Eastern & Southern Cape both at Investec; Head of Valuations: Rand Merchant Bank and currently Head of Valuations: FNB Commercial property Finance, both subsidiaries of the FirstRand Group. Prior to being elected President in 2021, he served as the Deputy President of the South African Institute of Valuers and Deputy Chair as well as chairperson of the Northern Branch.
Malusi completed the National Diploma in Real Estate, B.Com. Honours in Property Valuation and Management, and a Post-Graduate Diploma in Business Administration. He is due to graduate in 2021 with a Masters in Business Administration, for which his research treatise is titled “The Future of the Property Valuation Profession in South Africa towards 2040”.
Malusi’s passion for PropTech has led him to be a significant voice in the development of an online valuation workflow system which provided qualitative and quantitative input into the Basel models, and delivering a Commercial Property Index