MRI Software, a provider of real estate software and services, says it has created more than 250 new jobs over the last four years in South Africa.
The company recently revealed its new state-of-the-art office in Cape Town, which employs around 270 staff members, including its regional leadership team. An additional 80 staff members work in the Johannesburg office.
MRI attributes its expansion to accelerated demand for property technology (PropTech) in the region.
“The business has experienced rapid growth over the last five years, and with significant future growth predicted for PropTech in South Africa, we don’t expect the trajectory to slow down,” said Mark Fairweather, MD of MRI Software Africa.
“We’ve seen increased investment in PropTech as landlords, property developers and service providers look to enhance operational performance, reduce environmental impacts, and streamline processes through digitalisation, monitoring tools, and improved user experience,” he said.
Despite the constrained growth of the current property market, MRI said it has also seen an uptick in demand for advanced facilities management technologies, AI-powered property management tools, and continued growth in the affordable and social housing sector and student accommodation.
The newly created jobs span a range of functions, from software engineering to managed services roles. The company has created a Centre of Excellence in South Africa, servicing both local and global clients.
Fairweather said that as MRI continues to scale its South African operations, local employees have attractive career growth and development opportunities.
“We have been very impressed with the calibre of talent we’ve hired in South Africa,” said Fairweather. “Currently, around 70% of our local workforce has been tasked with servicing our global client base, particularly clients in the UK given the aligned time zones.”
“South Africa is an attractive investment destination for MRI,” reveals Fairweather. “The recent credit rating upgrade from Moody’s is an encouraging signal that the country is on the right trajectory when it comes to economic stability. Our significant presence in Cape Town acts as a good incentive for sought-after talent who often prefer to be based here.”
