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, Head of Valuations: FNB Commercial property Finance and currently Provincial Head (KZN): FNB Commercial property Finance, subsidiaries of the FirstRand Group.
He was elected President of the South African Institute of Valuers in 2021, where he formerly served as the Deputy President, Deputy Chairperson and Chairperson of the Northern Branch.
Malusi has completed the National Diploma in Real Estate, B.Com. Honours in Property Valuation and Management, a Post-Graduate Diploma in Business Administration, Executive Management courses at Harvard and MIT, and 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.
Malusi is married with three kids, two girls and a boy. He enjoys playing golf and travelling during his spare time.