THE Excellence in Yasana (provincial) Aspiration Award was awarded to Rewa Provincial Holdings Company Ltd (RPHCL), the commercial investment arm of the people of Rewa.
This accolade recognises RPHCL as the premier provincial company in Fiji, acknowledging its demonstrated sustainable strategy, elevated investment portfolio, and successful diversification that directly impacts community economic and social development.
According to the company, its journey has been about resilience and growth, having been established in 1992 to serve the commercial interests of the Vanua of Rewa.
“RPHCL began with a singular focus on property management, anchored by its primary asset, the ten-storey Ro Lalabalavu House in Suva,” the company said.
“Over the last three decades, the company has navigated economic fluctuations and regulatory changes to emerge as a pillar of indigenous business success.
“From its humble beginnings, the company has undergone a significant transformation. Today, the company boasts total assets valued at $23.1million.”
Reflecting on strategic leadership and diversification, RPHCL said this award was a testament to the tireless efforts of the board of directors and the management team, who have steered the company toward diversification beyond traditional property management.
Key strategic achievements contributing to this recognition include:
* Property development: the acquisition of prime freehold land on Brewster St, Toorak, for a luxury apartment complex, with construction slated to begin in early 2026;
* Asset optimisation: the successful negotiation of lease renewals and major refurbishments of Ro Lalabalavu House to ensure sustainable revenue streams:
* Future expansion: feasibility studies for the development of the 7.47-acre Koroibici land in Lokia for mixed use commercial and community purposes;
* Strategic investment: recognition as a Growth Investor by Fijian Holdings td (FHL) in 2024 for increasing equity stakes in national conglomerates.
* A blueprint for provincial success: RPHCL views this award not just as a victory for Rewa, but as a proof of concept for the iTaukei business community.
“The company’s trajectory offers a valuable learning opportunity for other provincial companies – success is born from good governance, prudent financial management, and strong, unified leadership.”
Board chairman Ro Nauludole Mataitini said their journey proved that when a provincial company adheres strictly to the Companies Act, implements robust internal controls, and separates traditional obligations from commercial realities, sustainable growth is inevitable.
“We have focused on our core values of integrity, accountability, and excellence, ensuring every investment decision maximises returns for our shareholders,” Ro Nauludole said.
Looking ahead, the company is poised for further expansion guided by its 2024-2026 strategic plan.
RPHCL said they were ready to execute ambitious development projects while maintaining consistent dividend payouts to the people of Rewa.
“The board and management dedicate this award to the shareholders and the Vanua of Rewa of their unwavering trust and support.”
Investment Fiji chairperson Jenny Seeto speaks at the Prime Minister’s International Business Awards at Sheraton Fiji Golf & Beach Resort, Denarau Island, Nadi.
Manoa Kamikamica garlanded at the Prime Minister’s International Business Awards at Sheraton Fiji Golf & Beach Resort, Denarau Island, Nadi.
