About Us

Unlocking the Commercial and Developmental Potential of PRASA’s National Asset Portfolio

Intersite Asset Investments (SOC) is a state-owned company and a wholly owned subsidiary of the Passenger Rail Agency of South Africa (PRASA). Established to fulfil PRASA’s secondary mandate, which is to generate income through sweating PRASA’s extensive assets including the real estate portfolio.

Intersite Mandate

Leverage PRASA’s property and commercial portfolio to create sustainable revenue streams.
Support PRASA’s broader transport and public service objectives by optimizing asset value and enhancing commuter experiences.

Intersite Asset Investments (Intersite) is PRASA’s strategic investment and commercial property arm, responsible for transforming transport-linked assets into high-performing, future-ready economic precincts. With a national footprint spanning high-traffic stations, retail environments, logistics corridors, investments and strategic land holdings, Intersite plays a pivotal role in enabling Private Sector Participation (PSP), urban regeneration and long-term national value creation.

Strategic Pillars

Driving Long-Term Value Across PRASA’s National Asset Portfolio

Intersite’s mandate extends beyond traditional asset management, being anchored in four integrated strategic pillars that collectively unlock commercial performance, operational efficiency and sustainable investments.

Through these pillars, Intersite applies forward-looking, commercially disciplined strategies to protect, optimise, and modernise PRASA’s national asset base – turning transport-linked properties into high-value catalysts for sustained economic growth and inclusive development.

Investment Focus Areas

Vision, Mission, Values

Our Commitment to Sustainable, High-Impact Asset Stewardship

Values

Fairness and Integrity

We treat our customers and our colleagues the same as we would like to be treated.

Teamwork

We work together with our colleagues to achieve a common goal and recognize each other’s strengths and contributions.

Service Excellence

We provide the kind of service that meets and exceeds customer expectations.

Safety

We ensure that we work safely, and that our customers and colleagues are safe.

Communication

We share information with our customers and colleagues in an open and honest way.

Performance Driven

We are performance-driven with the ability to venture into new areas of opportunity whilst offering a quality service to our customers.

VISION

To be a premier state-owned asset investment company in South Africa and beyond.

MISSION

To leverage on PRASA’s assets and build sustainable value while contributing to socio-economic growth through assets investment and ancillary services.

Board Leadership and Governance

Strategic Oversight Driving Long-Term Value Creation

Intersite’s Board provides the strategic direction, governance oversight and fiduciary leadership essential to managing and growing a national property investment portfolio. Anchored in accountability, commercial discipline, and public-sector integrity, the Board ensures that all investment decisions, precinct developments, and revenue-generating initiatives align with both PRASA’s mandate and South Africa’s broader economic objectives.

Through strong governance, rigorous risk management, and proactive strategic guidance, the Board enables Intersite to:

Safeguard and optimise the performance of transport-linked assets
Drive commercially sound investments that strengthen long-term portfolio value
Advance sustainable and inclusive development across key urban and transport precincts
Maintain transparency and ethical leadership in all operations and partnerships

This leadership framework ensures that Intersite remains a trusted commercial partner, a responsible custodian of national assets, and a catalyst for economic renewal across South Africa’s transport corridors.

BOARD | LEADERSHIP

Adv. Johnny Motlogelwa

Non-Executive Director.

Ms Annette Lindeque

Intersite CEO

Ms Thembalethu Ayanda Peter

Chief Executive Officer

Mr Brian Alexande

Board Member

Mr Don Luthando Saunders

Non-Executive Director

Ms Jacqueline Beukes

Board Member

Ms Lauriette Sesoko

Non-Executive Director

Ms Phumzile H. Maseko

Non-Executive Director

Mr Hisham Emeran

PRASA Group CEO

ESG & Sustainability

Building Greener, Smarter, and More Inclusive Transport Precincts

Sustainability is a core pillar of Intersite’s investment strategy. We are committed to embedding Environmental, Social, and Governance (ESG) principles across all our assets, ensuring responsible management of national infrastructure and long-term resilience for the communities we serve.

Our ESG approach strengthens operational efficiency, reduces environmental impact, and elevates Intersite’s role as a steward of public assets, aligning our work with national priorities for green growth, social development, and ethical governance.

Environmental Stewardship

We implement sustainable infrastructure solutions across the PRASA stations, including:

Renewable energy installations (solar PV across stations and depots)
Water harvesting and consumption optimisation
Energy efficiency upgrades and responsible utilities management
Environmental impact mitigation within development projects

These initiatives lower operational costs while enhancing environmental resilience.

Social Impact

Our social mandate focuses on creating safe, inclusive, and economically active precincts through:

Station modernisation and safety improvements
Support for small businesses and community enterprises
Job creation through precinct development and construction
Activation of spaces that enhance community access and services

This ensures transport-linked spaces serve as catalysts for social and economic upliftment.

Governance Excellence

Strong governance is central to our investment approach, we maintain

Transparent, ethical asset management practices
Rigorous risk and compliance frameworks
Responsible investment decision-making
Alignment with PRASA and national development strategies

This ensures accountability, strategic discipline, and trust across all stakeholder engagements.

Renewable Energy Investments

1 MWA Solar investment rolled out at Durban Station

The installation of smaller Solar plants at 17 core stations nationally underway.

SGR EAST		SGR WEST		NGR		KZN		WC		EC
Location	Size	Location	Size	Location	Size	Location	Size	Location	Size	Location	Size
Oldfonteins	5 KW	Kwezi	5 KW	Centurion	20 KW	Not yet	-	Strand	12 KW	Panmure	20 KW
Germiston - Ticket office	5 KW	Langlaagte	5 KW	Eerste Fabrike	20 KW					Wilsonia	20 KW
Germiston - Subway & platform lighting	5 KW	Inhlanzani	5 KW	Silverton	20 KW					Arnoldton	20 KW
Driehoek	5 KW	Midway	8 KW	Rissik	20 KW					Mdantsane	12 KW
Brakpan	5 KW	Kliptown	8 KW							Mt Ruth	12 KW
		Umlankuzi	8 KW
		Nanecfield	8 KW

Co-Investment Opportunities

No	Sites	Capacity in MWp
1	Springfield Rolling Stock Depot	2
2	Cape Town Railway Station	2
3	Paarden Eiland Rolling Stock Depot	2
4	Bellville CTC And Bellstar	2
5	Culemborg MLPS Rolling Stock Depot	1
6	Phillipi Railway Station	1
7	Nyanga Railway Station	1
8	Wolmerton Rolling Stock Depot	2
9	Braamfontein Rolling Stock Depot	2
10	Park Railway Station	3
11	Belle Ombre Railway Station	2
12	Gauteng Nerve Centre Station	1
SITES: 12		TOTAL CAPACITY: 21 MWp

Strategic Pillars