De Waal, a practising attorney and director of Oosthuizen and Co Meyer de Waal Inc (1998/23947/21), was admitted in 1988 as an attorney, conveyancer and notary in Cape Town. De Waal’s inspiration to start rent2buy and My Budget Fitness came from his company’s participation in raising funds and subsequently constructing houses in the Mfuleni township project:
A home owner had to enrol in a 6-month continual savings programme in order to qualify for a house
The challenges that these potential home owners had to overcome in order to acquire their homes, together with establishing a track record and maintaining such, planted the seed for De Waal to find a creative solution.
His other achievements include: