Shaun Rai

Shaun Rai is a Chief Executive Officer of Cape Empowerment Limited. He is also Executive Director of Ascension Property Limited.


Shaun Louis Rai, BComm (Hons), GDA(UCT), CA(SA) serves as Chief Executive Officer and Managing Director of Cape Empowerment Ltd.

Rai has been Acting Chief Executive Officer at Ascension Properties Limited since July 01, 2014.

He served as the Financial Manager at Emme Manufacturing from 1985 to 1989. In 1989, he founded Shaun Rai & Associates. He was involved in consulting to various empowerment structures including the empowerment structure and has assisted numerous Western Cape based black economic empowerment groups over the years. Mr. Rai served his articles of clerkship at Baker Musikanth from 1982 to 1985. He was employed by Woolworths Limited in a managerial capacity. He is an experienced businessman in diverse sectors ranging from property, services, security, financial services, gaming and engineering.

Rai served as an Acting Chairman and Director of Dynamic Cables RSA Limited. since May 10, 2000.

He served as Executive Chairman of Cape Empowerment Ltd. (formerly, Cape Empowerment Trust Limited). He has been an Executive Director of Command Holdings Limited since November 19, 2013. He serves as an Executive Director of Ascension Properties Limited since May 22, 2007. He has been a Director of Cape Empowerment Ltd. since April 26, 2010. He serves as a Shareholding Director of African Alliance Properties (Pty) Limited. He served as a Non-Executive Director of Purple Capital Ltd. from August 2007 to July 2, 2009. He served as a Non-Executive Director of Ambit Properties from 2007 to November 11, 2008. He has been a Member of AIPSA for at least three years.

He is a qualified Chartered Accountant from South African Institute of Chartered Accountants.

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