Dipula Income Fund Limited announced that Ridwaan Asmal has resigned as financial director (FD) of company with effect from 1 March 2023. Sudesh Moodley has been appointed to replace Ridwaan as FD with effect from the same date. Ridwaan will continue in a consulting capacity until the handover and transition is complete.

Sudesh is a qualified chartered accountant who previously held the position of Executive Head of Asset Management at Eris Property Group. He managed a R10 billion property portfolio after serving as chief financial officer of the company from 2012 to 2017. He has an extensive set of skills ranging from financial reporting, modelling and strategic asset management and was instrumental in the company's growth initiatives, enabling superior returns.

Sudesh has two decades of work experience, of which 16 years have been in property, and has previously held positions at various auditing firms including PwC, EY and BDO, both within South Africa and the USA.