Financial Mail: The Little Black Book 2017

ANNUAL REPORT

WWW. FINANCIALMAIL.CO.ZA

BLACK EXECS: ANCHORING TRANSFORMATION

THE LITTLE B L A C K BOOK

2017

THE LITTLE BLACK BOOK

LB 114441L/9

I’M INVESTING FOR YOUR FAMILY’S FUTURE. AND MY OWN. Siboniso Nxumalo Joint Boutique Head Old Mutual Global Emerging Markets

We believe that when you are personally invested in something, you are even more driven to make it succeed. That’s why Siboniso Nxumalo invests his own money alongside yours.

Siboniso is a fund manager of the Old Mutual Global Emerging Market Fund and is joint boutique head of the Old Mutual Global Emerging Markets boutique. Emerging markets are fast becoming a driver of global growth and we offer exposure to quality listed companies across a diverse range of global emerging markets. This, coupled with the team’s focus on sound corporate governance and on-the-ground analysis of potential investments, contributes to their success. But this is more than just Siboniso’s success, it’s yours too.

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CONTENTS

Forewords ............................................................................. 4-5 The Panellists.......................................................................... 6 Analysis ..................................................................................... 7 Viewpoints ............................................................................ 8-9

Funeka Montjane, Raisibe Kgomara Morathi.................. 45 Godfrey Motsa, Derrick Msibi............................................ 46 Hloniphizwe J Mtolo, Blessing Mudavanhu..................... 47 Mthuli Ncube, Thandi Ndlovu ............................................ 48 Andile Ngcaba, Sisa Ngebulana........................................ 49 Marjorie Ngwenya, Phuthuma Nhleko.............................. 50 Vuyisa Nkonyeni, Nkosemntu Gladman Nika .................. 51 Sipho Nkosi, Vusi Nkosi ...................................................... 52 Mfundo Nkuhlu, Bongani Nqwababa ............................... 53 Nomkhitha Nqweni, Saks Ntombela ................................. 54 Nunu Ntshingila-Njeke, Sizwe Nxasana ........................... 55 Mthetho Nyathi, Nonkululeko Nyembezi-Heita............... 56 Alex Okosi, Izak Smolly Petersen ...................................... 57 Lorato Phalatse, Anton Pillay ............................................ 58 Sipho Pityana, Cynthia Pongweni...................................... 59 Tryphosa Ramano, Christine Ramon................................. 60 Diale Rangaka, Zyda Rylands............................................. 61 Sibongile Sambo, Andile Sangqu...................................... 62 Victor Sekese, Mothobi Seseli ........................................... 63 Dominic Sewela, Ajen Sita.................................................. 64 Thabang Skwambane, Nkululeko Sowazi ........................ 65 Carmen Stevens, Serame Taukobong .............................. 66 Timothy Tebeila, Michael Teke........................................... 67 Ciko Thomas, Fani Titi......................................................... 68 Sim Tshabalala, Srinivasan Venkatakrishnan................... 69 Dalikaya Rain Zihlangu, Azola Zuma................................. 70

BUSINESS LEADERS Hassen Adams, David Adomakoh ................................... 10 Lwazi Bam, Ntsiki Biyela....................................................... 11 Mary Bomela, Kennedy Bungane...................................... 12 Irene Charnley, Yolanda Cuba ............................................ 13 Salukazi Dakile-Hlongwane, Aliko Dangote .................... 14 Mzwandile Ezra Davids, Sonja De Bruyn Sebotsa ........ 15 Lindani Dhlamini, Khanyi Dhlomo ..................................... 16 Mzolisi Diliza, Nobuhle (Judy) Dlamini .............................. 17 Kuseni Dlamini, Thabo Dloti............................................... 18 Innocent Dutiro, Mustaq Enus-Brey.................................. 19 Nolitha Fakude, Kenny Fihla............................................... 20 Zellah Fuphe, Tsega Gebreyes-Lalude ............................ 21 Seelan Gobalsamy, Nonkululeko Gobodo ...................... 22 Sbu Gule, Robert Gumede.................................................. 23 Saul Gumede, Nolulamo Gwagwa..................................... 24 Phakamani Hadebe, Ferial Haffajee.................................. 25 Monhla Hlahla, Funke Ighodaro ........................................ 26 Vuyani Jarana, Mohamed Shameel Joosub ..................... 27 Albertinah Kekana, Malose Kekana .................................. 28 Itumeleng Kgaboesele, Vusi Khanyile ............................. 29 Andile Khumalo, Ufikile Khumalo ...................................... 30 Pulane Kingston, Ben Kodisang ........................................ 31 Basetsana Kumalo, Phumzile Langeni.............................. 32 Wendy Luhabe, Sindi Mabaso-Koyana ............................ 33 Priscillah Mabelane, Jabulani Mabuza ............................. 34 Mpumi Madisa, Ben Magara.............................................. 35 Peter Mageza, Sipho Maseko ........................................... 36 Daphne Mashile-Nkosi, Strive Masiyiwa .......................... 37 Daniel Matjila, Zanele Matlala........................................... 38 Peter Matlare, Portia Maurice............................................ 39 Norman Mbazima, Kennedy Memani ............................... 40 Mxolisi Mgojo, Ipeleng Mkhari .......................................... 41 Zwelibanzi Vincent Mntambo, Anna Mokgokong.......... 42 Thoko Mokgosi-Mwantembe, Dawn Mokhobo .............. 43 Collin Molepe, Sello Moloko .............................................. 44

FM editor: Rob Rose Projects editor: Brendan Peacock Production editor: Maseipati Tsotsotso Project Manager: Kay Naidoo

ACADEMICS ......................................................................... 71 Quarraisha Abdool Karim, Sizwe Mabizela ..................... 72 Tshilidzi Marwala, Thebe Medupe .................................... 73 Thabo Msibi, Thandwa Mthembu ...................................... 74 Vhutshilo Netshituni, Mpiko Ntsekhe ............................... 75 Ntobeko Ntusi, Sefako Ramotholo.................................... 76 Buyisiwe Sondezi ................................................................. 77 YOUNG LEADERS .............................................................. 78 Bruce Dube, Nkosinathi Maphumulo ............................... 79 Ludwick Marishane, Siyamthanda Maya.......................... 80 Trevoh Noah, Rapelang Rabana ....................................... 81 Refilwe Sebothoma, Bonnke Shipalana ........................... 82 Vusi Thembekwayo.............................................................. 83

Layout & cover: John Tsatsi, Tiro Moeti and Shaun Uthum

THE LITTLE BLACK BOOK published by

Sales/advertising executive: Crescentia Sigola Sales production: Jamie Kinnear Cover image: iStock

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October 19 2017

EDITOR’S FOREWORD

Too pale at the top There’s few black people at the top in corporate SA, writes Colleen Goko

Colleen Goko iversity in corporate leadership has been a topic of hot contestation for over two decades. The conversation has become more heated as SA moves further away from the rainbow nation rhetoric and closer to a real interrogation of the country’s racial dynamics.

Despite a rhetorical commitment, progress has been extremely slow in incorporating people of colour into the top ranks of the corporate hierarchy. Such moves are possible only when companies are committed to promoting previously disadvantaged groups into top leadership positions where they can make meaningful contributions to decision-making processes.

However, anecdotal evidence points to a general malaise in corporates to nurture, grow and promote black talent. Research papers have pointed to some of the factors that hinder people of colour from reaching the top ech-

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elons of a company. These include discrimination and bias by those in authority; lack of mentoring; exclusion from social and informational networks; and uneven distribution of low-status assignments.

Data from the Commission for Employment Equity backs the research.

The 2016/2017 report shows that whites occupy 72% of top management level positions in the private sector. The report also notes that a little over half of all the promotions and training opportunities are provided to whites.

The picture is similar at senior management level. Whites occupy 63.4% of positions there. However, 46.2% of promotion opportunities are to whites while 56.9% of training opportunities are given to people of colour.

Since 2014, there has been an increase of only 0.8% for the African population in top management level positions. For women, the situation improved by only 1.1%.

For companies listed on the JSE, there are additional barriers for people of colour. More recent scholarly research has identified the difficulty of achieving intergration if stakeholders and decision makers outside the organisation are not committed to the diversity 4 4

cause. In addition, companies which trade publicly are more prone to make decisions based on share value over meeting the needs of employees.

This in some cases impedes internal commitment to the racial integration of leadership positions.

The criteria that need to be met for these positions are also secretive and sensitive. The lack of transparency means the processes through which the top and senior management positions are filled are prone to be biased based on race.

There is a convincing argument that diverse work teams make business sense. Diverse teams are more likely to constantly re-examine facts and remain objective.

They may also encourage greater scrutiny of each member’s actions, keeping their joint cognitive resources sharp and vigilant.

By breaking up workplace homogeneity, employees become more aware of their own potential biases. People of colour in top and senior positions also help drive the diversity narrative and help to ensure more equal and fair treatment for those who come after them as well as access to promotion and opportunity — which can only benefit corporates and SA as a whole.

October 19 2017

SPONSOR’S FOREWORD

Anchoring transformation Urgent policy implementation is needed to address the BEE crisis in SA

Zanele Luvuno nterest is increasing in academic research, social media and in the media about the role of the human element in making decisions. We have seen the convergence of philosophy, history, economics, physical sciences and anthropology into a new field of behavioural science.

I recently started reading the works of Hungarian-American mathematician John von Neumann, who writes about the theory of games in economic behaviour. I have come to the conclusion that SA is experiencing a strong form of the prisoner’ s dilemma. The prisoner’s dilemma speaks of the social puzzles we face every day, where we have to decide between the conflict of acting purely out of self-interest or in the interest of the greater good, but seeking the best possible outcome for ourselves.

It is a situation where two

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players must engage strategically to make a difficult choice to resolve a situation.

The two players in SA are the previously advantaged white South Africans, and previously disadvantaged black South Africans. Through the black economic empowerment initiative set by the department of trade & industry codes of good practice, it seems each side has chosen cooperation. So why, then, has it yielded so little, and how do we start to anchor transformation so that fewer people are left behind?

The stats are dismal.

Looking at our history, economic exclusion of the black majority by white minority rule was structured over centuries — and remains in force. Apartheid’s success as an oppressive system was shaped around exclusion of the majority by the minority.

Political power transcended mere mental enslavement. Labour became a major capital input.

Hard manual labour, and slave labour under colonialism, was the bedrock of the economy. So

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where does this leave us, other than in a prisoner’s dilemma?

For most emerging black businesses I have come across, the biggest challenges are access to education and that black people have no assets to work with.

All over SA, phrases such as “radical economic transformation” are being bandied about. Though we agree that brute force and confiscating land is not the answer, some form of radical change is needed. We need to move beyond sloganeering.

Perhaps policy should be geared towards large commercial banks to “redistribute” their capital through credit enhancements to emerging black entrepreneurs.

Lastly, succession planning must be taken more seriously to address the crisis of a largely white male-dominated leadership structure in business. We need sustainable programmes between government, corporate and private citizens. There needs to be buy-in around policy and implementation of BEE.

October 19 2017

PANELLISTS

A fresh, revitalised list Whether as self-made entrepreneurs, corporate ladder climbers or academic stars, 2017’s list of achievers represents those who have carved out undeniable reputations e are entering a new phase in transforming the ownership of SA companies, as businesses realise that to be relevant in SA they need to have valueadding black shareholders.

This realisation has been driven strongly by the requirements of the BEE codes for 51% black-owned and controlled companies, and through state-owned companies’ procurement policies, as well as through having experienced black investors stepping up to the challenges and opportunities There is a movement away from passive shareholding to active black management and control of companies. This process has, however, been hampered by the current environment of state capture. We are looking forward to a future wherein opportunities are given to authentic black-owned and controlled companies In this environment multinational and large businesses are rightly concerned about choosing part-

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ners who can add value to helpful businesses in legitimate ways.

Many of these companies are looking for partners with real business experience to help them be more relevant in SA, through business development in maintaining existing market, and growing new markets; and driving transformation in the business via senior leadership For transactions to be success-

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There is a movement away from passive shareholding to active black management and control of companies. This process has, however, been hampered by the current environment of state capture 66

ful we believe it is equally important for black investors to do company selection in the same way companies previously managed partner selection.

BEE parties need to make sure that the companies are committed to the partnership that is envisaged in the transaction. Time needs to be taken to set the expectations of how the partnership are expected to develop and how each part will bring value to the table.

We believe that the successful executives and investors profiled in The Little Black Book – who meet the criteria of having significant corporate and business experience, track records of executing strategies in building businesses or indisputable influence in shaping the future cohort of black leaders in SA – are well-placed to drive the next phase of transformation of the ownership of the SA economy. *This year’s list was compiled by Transcend Talent Management and the Financial Mail.

October 19 2017

ANALYSIS

Gender still an issue Corporate SA remains a “boys’ club” despite women proving their mettle — writes BMF MD Busi Mavuso

Busi Mavuso omen in SA, and particularly black women, face enormous challenges in trying to advance to senior management positions. Our first challenge is our colour, the second is our gender.

Corporate SA remains Eurocentric and patriarchal. Men clearly set the rules of engagement, and women are considered a subordinate workforce.

We often get passed over for promotion due to preconceived notions about our roles and abilities. Many corporates require women to defeminise themselves to be recognised as effective and worthy.

Our leadership styles are generally regarded as lacking or ineffective, simply because they do not resemble those of men.

We are often told that our negotiating skills are poor, or that we lack confidence or problemsolving skills. We are expected to reflect masculine traits of being

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dominant and aggressive. And we need to prove our credibility beyond reasonable doubt.

I believe that the origins of these socioeconomic dynamics in corporate SA can be traced to the gender stereotypes introduced during childhood, and the paucity of black African females in leadership positions can also be traced to the manner in which our democracy was achieved.

Our country’s past, with its policies designed to benefit whites at the expense of other races, has left a legacy of significant socioeconomic differences between the population groups.

This legacy, which marginalised black people in general, has extended to corporate SA. The ongoing discrimination and exclusion is even more intense for black female professionals. For this reason, organisations such as the Black Management Forum were established to focus on the development and advancement of black managers and professionals.

While a lot has been done as far as the promulgation of antidiscrimination laws, these laws have not effectively eradicated inequalities. The solutions employed by

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corporates are merely intended to comply with the minimum requirements of the law, which often does not translate to real empowerment.

This is evidenced by the recruitment, promotion and skills-development patterns exercised by companies that still favour whites. If a “black executive” is considered, then a black man is top of mind.

When they think about “female executives”, then white women are top of mind. When a black woman is required, then Indian women are the norm — black and coloured women are overlooked.

And, should we secure a corporate executive position, we tend to be judged in more extreme ways.

As women leaders, I implore you not to bow to the external pressures imposed by society. We are often hindered by our own internal barriers. Ridding ourselves of these internal barriers is critical; career progression depends on us taking risks and advocating for ourselves.

Let us also pave the way for those who come after us, because it is only by having more female leaders that we will ensure equality, fairer treatment, and better working conditions for all women.

October 19 2017

VIEWPOINT

Dedicated to saving young lives New access to fields and sectors has opened doors for black specialists

Dr Vhutshilo Netshituni he enjoyment of the highest attainable standard of health is one of the fundamental rights of every human being.� Thus the SA constitution enshrines the right to health.

Three sections of the constitution provide for access to healthcare services, which includes basic health-care for children. The constitution does not discriminate or state that certain diseases are more deserving of attention than others. We are thus mandated to advocate equally vigorously for the child with cancer as we do for the child with diarrhoea or HIV. The field of paediatric oncology has grown dramatically in SA in the past two decades.

Provinces which did not have children’s cancer services now have accredited paediatric oncologists, giving more children access to these life-saving services.

Childhood cancer has not featured when setting health-care priorities in low and middle-

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income countries, presumably due to the low incidence rate.

Children born into poverty who develop cancer are doubly disadvantaged.

Half the malignancies (cancers) remain undiagnosed in SA, and if those children do eventually reach specialist centres, the disease is often advanced and the prognosis abysmal.

The published survival rate for children treated for malignancies in SA is 52%, falling woefully short of the rates exceeding 80% in high-income settings. It is disappointing that in post-millennial SA, where we have access to at least as many modalities as were available in the 1970s in high-income countries, we have yet to achieve the survival rates seen in highincome settings 40 years ago.

The challenge in SA is not to access so-called state-of-the-art agents or engage in personalised or precision medicine. The challenge is to diagnose and treat more children with proven regimens, to monitor and reflect upon their outcomes and to minimise late effects.

To improve survival rates, a clear collaboration, advocacy for greater investment by government

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in the field of paediatric oncology and formation and nurturing of strategic alliances within all sectors of our cancer community is needed. With this approach, we can achieve similar decreases in mortality.

Childhood cancer has been named as one of the priority cancers, along with the top five adult cancers, by the department of health, and we expect that this will help to improve services to children with cancer, especially in underserviced areas such as Limpopo.

Our survival rate compared with other provinces is very low because patients come to us when the disease is advanced and there is nothing we can do.

As the first black paedriatic oncologist in SA, my dream is to run awareness campaigns and encourage more people of colour to go into this type of career.

Medicine is a broad field, and career guidance has not really tapped into this particular field, which is vital as it saves the lives of SA’s future leaders.

A big and well-resourced oncology building in the country would be a bonus for me, and would save more young lives.

October 19 2017

VIEWPOINT

Breaking barriers Women are making waves in maledominated careers, writes Siya Maya

Siyamthanda Maya arriers and challenges are every where. My very first job was as an electrical technician. I was the first woman in the section with a team of 35 men. I remember walking the dusty streets locating faulty electrical networks, climbing poles, digging trenches and lifting heavy equipment — all in a day’s work. I have worked in other male-dominated environments, but each milestone in my career is enriched with stories of resilience, hard work, determination, collaboration and great courage.

I have had an amazing career in the engineering field and in entrepreneurship. I have had an opportunity to lead a kaleidoscope of people. It has brought me such joy to see young people grow and excel in their fields fulfilling their potential, as well as seeing older people learning to embrace change and participate in nationbuilding through skills transfer.

I have grown tremendously as a leader throughout my career.

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Launching into business has stretched my capabilities. I find myself working and collaborating with multinational companies. This has accelerated my leadership experience and opened up my perspective as a business owner.

To me the concept of BEE means optimism. I see an increasing opportunity to partner with large corporates through sustainable partnerships based on promoting business growth by harnessing the power of diversity.

Looking back at my career, I have learnt to change my perspective on failure. Failure can be a great resource in itself. I am learning to embrace and work with failure as it presents a learning opportunity. It is the greatest teacher of resilience and persistence. I have had to learn to push through doubt, to show myself love, encouragement and support.

I have had to be my own best friend — it can be lonely out here, especially when things seem to be going south. Inner strength becomes critical. Most of all, failure has taught me to seek help.

The toughest challenge has been competing with multinationals in imports and exports trades.

As a small business, we compete for the same market with the oil majors while having minimal

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resources and a relatively unknown brand.

I have found that it can be much easier to convince the international market than your local entities that you truly do have an offering of great value as a black woman-owned entity operating in SA. There is still more to be done as far as embracing diversity is concerned, in both the private and public sectors. Fair gender representation is still at much lower levels than the capacity in SA. A firm commitment to employment equity is needed, one that is seen as a value-add to the sustainability of the company rather than a tick-box exercise. This is not only in the form of internal processes but active collaboration with BBBEE companies to create a sustainable value offering.

My wish for SA is a significant increase in women-owned companies and women leadership in corporate and society in general. This form of transformation is well researched to yield positive results in boosting any economy. I am hoping for a truly enabling environment for women to reach their full potential — more women CEOs in listed companies, government entities and SMMEs. I want to see women and our economy thrive.

October 19 2017

BUSINESS LEADERS

Hassen Adams

David Adomakoh

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Hassen Adams is the founder and executive chairman of Grand Parade Investments — a Western Cape-based black-owned and managed holding company. It was established in 1997 and listed on the JSE with investments and operations in the SA gaming and leisure industry since February 2011. The Cape Town-based businessman has earned a reputation as one of SA’s most successful entrepreneurs. He developed Grand Parade Investments, which started with close to 20,000 shareholders from mostly humble backgrounds, into one of the JSE’s star performers. Part of the com

David Adomakoh is the chairman of Tiso Investment Holdings, co-founder of Tiso Group and served as its group MD. He has previously held positions of executive director at Chase Manhattan in London; head of Chase Manhattan Bank Southern Africa; executive director of Robert Fleming SA; and head of Africa corporate finance at JPMorgan. He serves as a nonexecutive director at Kagiso Tiso Holdings, and chairman of its investment committee. He also serves as nonexecutive

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pany’s success stems from the spectacular success of its relatively new crown jewel, the local fast food franchise of the US brand Burger King. Adams’s company also partnered with Spur, a local steakhouse restaurant chain, when it needed an empowerment partner.

Adams has extensive business experience and holds directorships in diverse industry sectors including construction, gaming, shipping, entertainment and leisure, and is the chairman of Sunwest International. He was voted EY’s SA Exceptional Entrepreneur for 2014.

He is a qualified civil engineer.

director of Nedbank and Nedbank Group. Adomakoh previously served on the boards of a number of SA, Nigerian and Ghanaian companies. He is founder trustee of the Tiso Foundation, and a World Fellow of the Duke of Edinburgh’s International Award.

He has a BSc Econ (Hons) from the London School of Economics & Political Science. He is the chairman of Tiso Blackstar group. He was nonexecutive director at Aveng (Africa) and Idwala Industrial Holdings.

October 19 2017

BUSINESS LEADERS

Lwazi Bam

Ntsiki Biyela

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Lwazi Bam became the CEO of Deloitte Southern Africa — the regional arm of the global professional auditing, financial advisory, risk management, and tax services consultancy — in 2012. He took up the position of CEO of Deloitte Africa in June 2013. The change of title followed the integration of Deloitte firms in Botswana, Ethiopia, Kenya, Malawi, Mozambique, Namibia, SA, Tanzania, Uganda, Zambia and Zimbabwe. He has served

Deloitte, which is a leader in auditing consulting, corporate finance, taxation services and risk advisory services, for 18 years. Before he joined the Deloitte board he was the company’s strategy leader and head of corporate finance. He qualified as a chartered accountant in 2000 and was made a partner in 2003.

His experience covers buy-side and sell-side advisory, capital raising, management buy-outs, valuations and due diligence services.

Ntsiki Biyela is a winemaker and businesswoman who is founder and director of Aslina wines. Previously, she was head winemaker at Stellekaya Wines, becoming one of the few black female winemakers in SA. Biyela grew up in Mahlabathini in KwaZulu Natal. She studied viticulture and oenology at the University of Stellenbosch in 1998, on a scholarship from SAA. Biyela had never tasted wine prior to starting her studies, but soon came to love what she describes as “the ever-changing content of wine”. Her lectures were primarily delivered in Afrikaans, which she did not initially speak, so she learnt most of the winemaking content via English notes. She was also able to get a part-time

job at a local winery, Delheim wine estate.

In 2009 Biyela was named SA’s Woman Winemaker of the Year.

She started her career as winemaker for Stellekaya Wines in 2004. Her first red wine won a gold medal at the Michelangelo Awards. In 2016 she left Stellekaya to start her own brand of wine. In 2017 she launched Aslina Wines, a self-funded wine business. To produce the wine, Biyela is using grapes from local vineyards, as she does not yet have the capital to invest in her own vineyard.

There will be four Aslina varietals: Chardonnay, Sauvignon Blanc, Cabernet Sauvignon and a Bordeaux blend that will echo her 2014 collaboration with California winemaker Helen Keplinger.

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October 19 2017

BUSINESS LEADERS

Mary Bomela

Kennedy Bungane

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Mary Bomela is CEO of the Mineworkers Investment Company (MIC) — a private equity arm of the Mineworkers Investment Trust that specialises in making latestage investments in listed and unlisted mature businesses. Bomela joined the MIC in 2010. She previously served as a nonexecutive director of MIC from 2008 to 2010.

Before joining the MIC, Bomela was the CFO at Freight Dynamics.

Prior to this, she was an executive in the corporate services division of the SA Institute of Chartered Accountants.

Bombela also held executive positions in the resources, media,

Kennedy “KGB” Bungane is the CEO of the specialist private equity firm Pembani Group. He leads a high-calibre team with a track record of making transformational investments. He previously served 20 years in the Standard Bank Group and later became chief executive of Barclays Africa’s operations outside SA. Pembani holds many investments in resources and industrial companies such as Engen, BHP Billiton Energy Coal SA, Exxaro and Afrisam. The company

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utilities and financial services sectors.

She serves on the boards of a number of the company’s strategic investments. These include Primedia, FirstRand Group, Metrofile Holdings, Peermont Global Holdings and Torre Industries.

Bombela has a BCom degree from the Nelson Mandela Metropolitan University, a BCom (Hons) in financial management from the University of Cape Town, a BCom (Hons) CTA from the University of Natal. She is a chartered accountant and has an MBA from the University of Pretoria (Gordon Institute of Business Science).

recently merged interests with the Shanduka Group to create a black-controlled natural resources and industrial holdings group with a gross asset value in excess of R13.5bn. Bungane chairs the Bungane Trust, which founded the Kennedy G Bungane Maths & Science Academy in 2014. He holds a BCom (Hons) from the University of KwaZulu Natal, an MBA from the University of Pretoria and completed an advanced management programme at Harvard.

October 19 2017

BUSINESS LEADERS

Irene Charnley

Yolanda Cuba

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Irene Charnley is the CEO of Smile Telecoms Holdings, a Mauritius-based Pan-African telecommunications group with operations in Nigeria, Tanzania, Uganda, the DRC and SA. She was a director of Johnnic Communications, MIH Group, Pontso Investment Holdings and previously Times Media. Charnley is head of division services at the National Union of Mineworkers and a nonexecutive director at Metropoli-

tan Life. She was a nonexecutive director at MTN Group. In 2017 Charnley was named as the winner of the Entrepreneur Recognition Award.

This accolade was in recognition of the business she founded — Smile Communications — which is trailblazing across the continent, in the telecommunications space. The award was part of the MTN Group’s Women in ICT: Partnership for Change Awards.

Yolanda Cuba is CEO of Vodafone Ghana and executive director of Vodacom. She is also a nonexecutive director in the Absa Group. She is a chartered accountant who previously served as CEO of Mvelaphanda Group, where she was one of the youngest-ever CEOs of a JSE-listed company. She has been nonexecutive director at Mvelaphanda Resources, independent

nonexecutive director at Steinhoff International Holdings, nonexecutive director at Barclays Africa Group, nonexecutive director at SAB, nonexecutive director at Health Strategic INV Ltd and independent nonexecutive director at Vodacom Group. Cuba obtained a BCom in statistics from the University of Cape Town and a BCom (Hons) from the University of KwaZulu Natal.

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October 19 2017

BUSINESS LEADERS

Salukazi DakileHlongwane

Aliko Dangote

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Salukazi Dakile-Hlongwane is CEO of Nozala Investments, an investment company with interests ranging from hospitals and education to construction materials and telecoms. Dakile-Hlongwane started her career at the Lesotho National Development Corp in 1977.

She served as country programme officer of the African Development Bank (AfDB) from 1983 to 1995 and also served as principal corporation officer. She later spent two years at the Development Bank of Southern Africa.

She has been an independent nonexecutive chair of the Don Group and Medi-Clinic Corp, which

are subsidiaries of Nozala. She is an independent nonexecutive director of Exxaro Resources and a nonexecutive director of PPC. She serves as a director of various Nozala subsidiaries and serves as a trustee of Nozala Trust and Chancellor House Trust. She also serves as a director of Drake & Scull FM (SA) and a director of MultiChoice. Dakile-Hlongwane lectured in business economics at the National University of Lesotho (NUL) and holds a BA in economics and statistics (NUL), and an MA in economic development, from Williams College, Massachusetts (US).

Aliko Dangote is a Nigerian billionaire, and owner of the Dangote Group, which has interests in commodities in Nigeria and other African countries including Benin, Ethiopia, Senegal, Cameroon, Ghana, SA, Togo, Tanzania and Zambia. As of February 2017, he had an estimated net worth of US$12.5bn. Dangote is ranked by Forbes magazine as the 67th richest person in the world and the richest in Africa, and peaked on the list as the 23rd richest person in the world in 2014.

Dangote owns 64% of Sephaku

Cement, a Cape Town-based SA cement company worth R3bn. The Dangote Group was established as a small trading firm in 1977, the same year Dangote relocated to Lagos to expand the company. In July 2012, Dangote approached the Nigerian Ports Authorities to lease an abandoned piece of land at the Apapa Port, which was approved. He later built facilities for his flour company there. Dangote has a bachelor’s degree in business studies and administration from Al-Azhar University, Cairo (Egypt).

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October 19 2017

BUSINESS LEADERS

Mzwandile Ezra Davids

Sonja De Bruyn Sebotsa

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Mzwandile Ezra Davids is the chairman of corporate mergers and acquisitions at pan-African law firm Bowman Gilfillan Africa Group.

He specialises in mergers and acquisitions, capital markets, and securities law. He is ranked among the global top 10 in his trade and arguably the best in Africa by the International Who’s Who of Mergers and Acquisitions Lawyers. He has been the lead adviser on highprofile transactions such as SABMiller’s R1.5 trillion deal with ABInbev, PPC’s response to the

approach by Afrisam for a proposed amalgamation of the companies and acted for the Tokyo Stock Exchange-listed Kansai Paint Company in its R3.3bn successful hostile bid for JSE-listed Freeworld Coatings Ltd and many more. He is the relationship partner for a number of firms’ major clients, a regular contributor to international mergers & acquisitions and equity capital markets publications and a co-contributor on the mergers chapter of the Modern Company Law textbook.

Sonja de Bruyn Sebotsa is cofounding shareholder and principal partner at Identity Capital Partners, an investment, financing and advisory firm she established with Polo Radebe.

She has accumulated considerable experience in the areas of finance, business and the empowerment of women in SA. She was vice-president of the investment banking division at Deutsche Bank (previously Morgan Grenfell Corporate Finance), which she joined in January 1997.

She led several large BEE acqui-

sitions as executive director of Women’s Development Bank Investment Holdings between 2002 and 2007.

These included Bidvest, FirstRand, Discovery and AngloCoal Inyosi. She has an honorary doctorate from Canada’s Simon Fraser University. She also has an LLB (Hons) from the London School of Economics, an MA in economic policy management from McGill University (Canada) and SFA (UK), and completed an executive management programme at Harvard.

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October 19 2017

BUSINESS LEADERS

Lindani Dhlamini

Khanyi Dhlomo

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Lindani Dhlamini is co-founder and CEO of SekelaXabiso, the country’s second-largest black accounting firm, which came about with the merger of Sekela Consulting and Xabiso Chartered Accountants in 2012.

In 2003, Dhlamini co-founded Xabiso, and has been involved in various high-profile projects including but not limited to being the lead Xabiso partner on the joint audit of the Government Employees Pension Fund; being the lead Xabiso partner on the joint audit of Mibfa. In 2007, she was appointed as a member of the board of management of the SA Commercial, Catering & Allied Workers Union (Saccawu) national provident fund. She started her

career as a trainee accountant at Deloitte & Touche. Dhlamini serves as chair of SkX Financial Services. She is an independent nonexecutive director of Mustek, and director of Findevco; Xabiso Consulting; Saccawu provident fund; SA Quantum; Nkwenkwezi Investment; and Xabiso CAs. She previously served as director of the SA Nuclear Energy Corp and nonexecutive director at the Industrial Development Corp. She is a seasoned entrepreneur and business leader. Dhlamini won the BBQ New Entrepreneur Award.

She is a chartered accountant with a BCom, BSc in computer science and a post-graduate diploma in accounting, all from the University of Cape Town.

Khanyi Dhlomo is MD and CEO of Ndalo Media. Dhlomo is a media mogul and founder of Luminance, a high-end fashion line. In 1995, at age 20, she made history as the first black newscaster for SABC1, and became the country’s media sweetheart. In 1995 at age 22, Dhlomo became editor of True Love magazine, one of SA’s biggest lifestyle women’s magazines. In 2003 she left for Paris, where she was appointed manag-

er of SA’s Tourism Board. She later enrolled for an MBA at Harvard Business School. She returned to SA and founded Ndalo Media, which publishes Destiny magazine and Destiny Man, two thriving high-end lifestyle magazines. She is a director of The Foschini Group and sits on the advisory board of the University of Stellenbosch Business School. In 2010 she was named World Economic Forum Young Global Leader.

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October 19 2017

BUSINESS LEADERS

Mzolisi Diliza

Nobuhle (Judy) Dlamini

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Mzolisi Diliza is executive chairman at Strategic Partners Group. He completed his advanced studies in labour administration & employment promotions at the University of Oxford (England). He is the nonexecutive chairman of the Black Management Forum investment company.

He is also a nonexecutive and BEE structure stakeholder at

Growthpoint Properties, Uthingo Management Services (casino operator of Gold Reef City), and MPF Management Services. He is former director on the Chamber of Mines Building Company and Chamber of Mines Services. Diliza is nonexecutive chairman of Crux Technologies, and a commissioner of the Black Economic Empowerment Commission.

Nobuhle (Judy) Dlamini is chair of Aspen Pharmacare Holdings and a nonexecutive director of RRL Holdings, Gijima Group, Imithi Investments, Northam Platinum and nonexecutive director of Aspen Pharmacare Holdings. Previously she was a nonexecutive director at Wits Donald Gordon Medical Centre and Discovery and a director of Discovery and Woolworths Holdings.

Dlamini founded Malekane Health & Wellbeing, and serves as its executive chair and MD. She is founder and chair of Mbekani Group. She served as senior manager of HSBC Bank, with a main interest in energy, where she was closely involved in advising and structuring BEE transactions. She

was previously employed by HSBC Investment Services (Africa) as a consultant for the transport and energy team in the corporate finance and advisory division.

Dlamini worked as a medical doctor for 10 years and as an occupational health practitioner for four years before changing careers.

She served as independent nonexecutive director of Anglo American and is founder and Trustee of Mkhiwa Trust. She was director of Woolworths Holdings from 2007 to 2008.

Dlamini received her medical degree from the University of KwaZulu Natal, her MBA from Wits University, and her diploma in occupational health from the University of the Free State.

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October 19 2017

BUSINESS LEADERS

Kuseni Dlamini

Thabo Dloti

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Kuseni Dlamini is the chairman of JSE-listed Aspen Pharmacare Holdings, the leading pharmaceutical manufacturer in the southern hemisphere with operations in over 50 countries. He is the former CEO of Old Mutual SA and Emerging Markets. Prior to this he was the head of Anglo American SA and a member of the executive committee of Anglo American plc. in London and was Director of Anglo Platinum Ltd. He is former executive chairman of Richards Bay Coal Terminal Company and a former chairman of Anglo Operations.

He held a number of senior positions at Anglo Gold Ashanti and De

Beers Consolidated Mines in SA and the UK. Kuseni is a graduate of the Universities of KwaZuluNatal, and Oxford, where he was a Rhodes Scholar. In he was named Young Global Leader by the World Economic Forum, one of his many accolades as a business executive.

Kuseni is active in professional bodies and charities which include the SA Institute of International Affairs (Saiia), Common Purpose and the advisory board of the GIBS Business School. He is also a member of the Council of the University of Pretoria and former chairman of the board of SA National Parks.

Thabo Dloti is the former group CEO at Liberty Holdings.

He was previously CEO of Stanlib.

He served as the chief executive of the institutional and asset management cluster at Liberty Holdings and was previously chief executive of its investment business. Dloti served as executive general manager of group schemes from 2002 and executive manager of employee benefits investment services at Old Mutual from 2000. He served as the chief

executive officer and director of Old Mutual Investment Group. He was MD of corporate at Old Mutual from 2006 to 2009. He joined Old Mutual in 1992. Dloti served as an executive director of Liberty Holdings and served as a director of Old Mutual Life Assurance (SA).

Dloti graduated from the University of Cape Town with a bachelor of business science degree in actuarial science, and completed an advanced management programme at Harvard (US).

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October 19 2017

BUSINESS LEADERS

Innocent Dutiro is the CEO of Adcorp. He was previously CEO of investments and savings at MMI Holdings. Adcorp is a global workforce solutions company. Dutiro has more than 20 years of experience as a senior business leader and executive manager in the banking, consumer goods and engineering sectors. He was a

partner in the Johannesburg office of Bain & Company from 2012, forming part of their global financial services team and heading their Johannesburg and Africa practice. Prior to that, Dutiro led the financial services consulting business of Deloitte Consulting in SA. He has a BSc (Hons), an MSc and an MBA.

Mustaq Enus-Brey is chairman, CEO and executive director of Brimstone Investment Group. He was nonexecutive chairman of Oceana Group and Life Healthcare Group Holdings. He serves on the boards of Lion of Africa Insurance Company; Aon Re Africa; House of Monatic and International Frontier Technolo-

gies. Enus-Brey was appointed as director of Nedbank and Nedbank Group in August 2005. He is also founder of M Bray & Associates.

Previuously he served as a director at Imperial.

He has also won the Cape Times/KPMG Business Personality of the Year Award. He holds a BCompt (Hons), CA (SA).

Innocent Dutiro

Mustaq EnusBrey

FINANCIAL MAIL THE LITTLE BLACK BOOK

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October 19 2017

BUSINESS LEADERS

Nolitha Fakude

Kenny Fihla

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Nolitha Fakude is an executive director at Sasol SA and a nonexecutive director on the Anglo American board. Fakude served as group executive at Nedbank. She was director of group human resources and head of corporate affairs at Woolworths Holdings. She served as MD of the Black Management Forum as well as its national president. She is chair of the board of Datacentrix Holdings where she is also independent nonexecutive deputy chair. She is an independent nonexecutive director of African Oxygen and serves as a nonexecutive director of Harmony Gold

Kenny Fihla is CEO of Standard Bank’s Corporate & Investment Banking (CIB) division. Fihla has been chief executive of CIB at Standard Bank Group since May 2017. He served as deputy chief executive of CIB at Standard Bank Group from November 2016 until May 2017 when he became CEO. In addition to heading CIB SA, he was responsible for corporate client relationship management

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Mines and BMF Investment Company. She served as nonexecutive director on the board of Woolworths and is a trustee of the National Empowerment Fund. In 2004 she was named one of the Most Influential Businesswomen by the Financial Mail. She also won the Impala Platinum Young Entrepreneur Award and the National Honour by the Golden Key International honour from the University of Johannesburg. She holds a BA (Hons) from Walter Sisulu University, and completed a senior executive programme from Harvard Business School.

across 20 African countries and major financial centres outside Africa. He joined Standard Bank SA in 2006 as head of investor services. In 2007 he was appointed to the CIB executive committee. In 2008 he was appointed CIB head of transactional products and services SA. He holds an MSc from the University of London and an MBA from Wits University.

October 19 2017

BUSINESS LEADERS

Zellah Fuphe

Tsega GebreyesLalude

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Zellah Fuphe is the MD of Dimension Data, (formerly Plessey SA), Africa’s leading provider of turnkey telecoms infrastructure. She is responsible for driving the firm’s strategy and investment opportunities in subSaharan Africa. She also chairs the boards of Afric Oil and Pembani Coal Carolina. She joined the oil industry in 1990 and has held various strategic and management

positions. She serves on the boards of AECI and Engen.

She is a former member of the IPM Publications Board and an executive committee member of the World Petroleum Council. She served as chair of Oil Pollution Control SA, the SA National Committee of the World Petroleum Council and the 18th World Petroleum Council. She has a BA degree in social science.

Tsega Gebreyes-Lalude is cofounder, CEO and managing partner at Satya Capital. She serves as a senior advisor to TPG Growth, leading the firm’s efforts in Africa. She serves as senior adviser to Zain Africa BV. She was previously head of strategy and business development at Celtel International. She also led the competitive mergers and acquisitions process and served as the chief business development and strategy officer of Bharti Airtel Africa BV and as executive at Citigroup. She also served at McKinsey & Company as a member of the executive management team.

Gebreyes-Lalude was a found-

ing partner at Zephyr Opportunity Fund LLP (formerly New Africa Opportunity Fund, LLP). Her previous experience also includes various positions at Citibank and McKinsey Associates. She has been an independent director of SES SA since 2013. She serves as a director of Hygeia Nigeria. She has been nonexecutive director of Sonae SGPS SA since 2015.

Gebreyes-Lalude serves as a member of the investment committee at Investment Fund for Health in Africa. She has an MBA from Harvard Business School and a BA double major in economics and international studies from Rhodes College (US).

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October 19 2017

BUSINESS LEADERS

Seelan Gobalsamy is head of emerging markets at Liberty Group, which includes Stanlib Africa. He was previously CEO and chairman of the Stanlib asset management unit, an organisation within Liberty Holdings, since 2014. Prior to that he was CEO of Liberty Corporate for over three years. He previously spent a

decade at Old Mutual Corporate in various senior roles — including financial director, head of corporate distribution, and MD. A chartered accountant, he has a BCom (Hons) in accounting and law from Rhodes University, a certificate in advanced taxation from Unisa, and has also attended Harvard Business School.

Seelan Gobalsamy

Nonkululeko Gobodo

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Nonkululeko “Nonku” Gobodo is the founder and CEO of Nkululeko Leadership Consulting.

She was also founder of Gobodo Incorporated and the first black woman to qualify as a chartered accountant (CA) in SA. In 2011, she was part of the successful merger that formed SizweNtsalubaGobodo (SNG), the largest black home-grown SA accounting firm. During her tenure SNG was awarded several significant contracts, including a five-year multimillion rand audit

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contract by Transnet, and started expanding into the rest of the continent. She is also executive chair of White Harvest Holdings.

Gobodo’s love for the profession began when she was working as a bookkeeper at her father’s panel beating shop during her gap year.

Her father’s shop was being audited by Prof Wiseman Nkuhlu’s firm. Nkuhlu was SA’s first black CA. She holds a BCom (Hons) from the University of Transkei in 1981. She qualified as a CA (SA) in 1987.

October 19 2017

BUSINESS LEADERS

Sbu Gule

Sbu Gule is the chairman of Norton Rose Fulbright SA Inc. He is also vice-chairman of Norton Rose Fulbright, vice-president of the Council of the Law Society of the Northern Provinces (LSNP), a member of the LSNP ethics and guidance and judicial appointments committees, council member of the Law Society of SA and the Gauteng Law Council. Gule has been practising in labour and employment law for over 20 years, having been involved in landmark cases as reported in labour and

employment law reports. Over the years he has represented major corporate clients locally and overseas across a diversity of industries. He acted as a judge in the labour court and assessor in the high court. Gule was awarded the Lifetime Achievement Award for Excellence in Labour Law at the inaugural SA Professional Services Awards 2014. He holds a BA LLB from the University of KwaZulu Natal and a certificate in leading professional services firms from Harvard Business School.

Robert Gumede is the founder and executive chairman of the Guma Group and executive chairman of Gijima Group. He has led the Gijima Group in various capacities. Armed with a law diploma from the University of Zululand, he served in key positions at Sokhulu

Holdings and LTA (now Grinaker LTA) Holdings. In the mid-1990s he registered several Gijima companies. He has received recognition for his entrepreneurial abilities and was voted as SA candidate for the World Entrepreneur of the Year in 2005.

Robert Gumede

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October 19 2017

BUSINESS LEADERS

Saul Gumede is executive director at Dipula Income Fund.

Gumede worked for Old Mutual Properties holding various positions including accountant, financial manager, regional investment manager (managing a team of investment analysts responsible for property acquisitions) and regional property manager handling the R3.2bn portfolio of the Johannesburg region. In 1990 Gumede joined Sebo, a Bophuthatswana government pension property

portfolio valued at R800m, and held the position of assistant general manager. In 1998, he founded Dijalo Property Services, where he was CEO. He joined Deloitte & Touche and completed his articles in 1985. He has a certified property manager (CPM) qualification issued by the Institute of Real Estate Management (US).

Gumede completed a BCom (Hons) in accounting from the University of Zululand (then Ongoye).

Dr Nolulamo “Lulu” Gwagwa is the CEO of Lereko Investments, a black-owned investment company. She also serves as nonexecutive director of FirstRand, Massmart and Sun International and chair of Aurecon Africa. After studying abroad, she was appointed as senior lecturer at the University of Natal’s department of town and regional planning. As deputy director-general in the department of public works, she led the development of policy for transformation of the construction industry and served as the pres-

idential appointee on the Commission on Provincial Government and deputy chair of the Ministerial Advisory Committee on Local Government Transformation. In her tenure as CEO of the Independent Development Trust, she transformed it from a grant-making to a development management agency. Her qualifications include a BA (UFH), master’s degree in town and regional planning (University of KwaZulu Natal), an MSc (cum laude, London School of Economics and Political Science) and PhD (University College, London).

Saul Gumede

Nolulamo Gwagwa

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October 19 2017

BUSINESS LEADERS

Phakamani Hadebe

Phakamani Hadebe is the former CEO of Barclays Africa Corporate & Investment Banking.

Prior to this he was CEO of the Land Bank. He was recently named SA’s CEO of the Decade by the Association of Black Securities & Investment Professionals.

The award was conferred on the prominent business leader at its Financial Services Sector Awards.

Hadebe was the CEO of the Land Bank from July 2008 before joining Barclays Africa in 2016. His first job

Ferial Haffajee is editor-at-large at The HuffPost SA. She was previously the editor-in-chief of the City Press newspaper. She is former editor of the Mail & Guardian and the first woman editor of this major SA newspaper. She was also senior editor at the Financial Mail. She is former chair of the SA National Edi-

was in 1992 as a junior lecturer in economics at the then University of Durban-Westville (now University of KwaZulu Natal) where he stayed for four years. In 1996 Hadebe joined the department of finance (national treasury) as deputy director, where he stayed for 13 years. When he left he was the deputy director of assets and liabilities. He later joined the Land Bank, before moving to Barclays, where he was CEO of Corporate & Investment Banking until mid-2017.

tors Forum. Haffajee sits on the boards of the International Women’s Media Foundation, the World Editors’ Forum, the International Press Institute and the Inter Press Service.

She has a BA degree from Wits University. Haffajee has won numerous awards for her work as a journalist and as an editor.

Ferial Haffajee

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October 19 2017

BUSINESS LEADERS

Monhla Hlahla

Monhla Hlahla is chair of Royal Bafokeng Holdings, nonexecutive director of Liberty Holdings and nonexecutive director of Exxaro Resources. She was MD and CEO of Airports Company SA from 2001 to 2011. In 2010, Hlahla received an acknowledgment from the African Women Chartered Accountants Association as its Woman of Substance for 2009. The year before, the Black Management Forum bestowed upon her the Business Personality of the Year Award. In 2005, she was the Businesswomen’s Association’s Businesswoman of The Year and also that of the Black Business Quarterly, and was named the Most Outstanding Woman Manager in a state-owned

enterprise by the International Quality & Productivity Centre. In 2001 and 2002, she was ranked in the Top 12 of the Top 300 Business Personalities. In 2002, the Prestige Award from Rapport/City Press recognised her as one of SA’s Inspirational Women Achievers. Tribute magazine named her one of its Women of Substance in the same year. In 2014 Hlahla was awarded the Chevalier de la Légion d’Honneur by the president of France. Bishop emeritus Desmond Tutu and Nadine Gordimer are previous recipients.

Hlahla holds a BA Hons (economics) from Pomona College in the US and a master’s in urban & regional planning from the University of California (US).

Funke Ighodaro is the former CFO and executive director at Tiger Brands. She left in 2016 to become executive director of finance at 9Mobile Telecom, based in Nigeria. She is also former director of Nigeria’s Dangote Flour Mills and an independent

nonexecutive director of Datatec.

Ighodaro was previously CFO of Primedia and an executive director of Kagiso Trust Investment company. She has a BSc (Hons), FCA Institute of Chartered Accountants in England and Wales. She is former CFO of Etisalat Nigeria.

Funke Ighodaro

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October 19 2017

BUSINESS LEADERS

Vuyani Jarana

Vuyani Jarana is the CEO of SAA. He was previously chairman at Storage Technology Services and chairman at Vodacom Business Africa Group. He also served as chairman at Vodacom Business Nigeria and chief officer of the enterprise business unit at Vodacom Group. He is on the board of directors at The Eastern Cape Rural Development Agency, Vodacom and Vodacom SA. As chief officer of the enterprise business unit at Vodacom Group, he was responsible for driving business growth through

the enterprise business segment and for co-ordination and execution of the enterprise business in markets where Vodacom has a presence. He has been a nonexecutive Director of YeboYethu Limited since November 2012. He serves as a director of Vodacom SA, a member of the Vodacom Capital Investment Review Board and a trustee of the Vodacom Foundation. He serves as a board member of the Nelson Mandela Museum. Jarana holds a BCom (Hons) from Unisa and an MBA from Stellenbosch University.

Mohamed Shameel Joosub is the CEO of Vodacom Group. He was promoted to the CEO of Vodafone Spain, one of the largest companies in the Vodacom Group, in April 2011. Joosub joined Vodacom in 1994 after completing his accounting articles, and has held various positions within Vodacom.

He holds a BSc accounting

(Hons) from Unisa and an MBA from the University of Southern Queensland (Australia), and is a member of the SA Institute of Commercial and Financial Accountants, and the SA Institute of Chartered Accountants. He served as a speaker for the Tomorrow’s Leaders Convention, one of SA’s most prestigious events.

Mohamed Shameel Joosub FINANCIAL MAIL THE LITTLE BLACK BOOK

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October 19 2017

BUSINESS LEADERS

Albertinah Kekana

Malose Kekana

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Albertinah Kekana has been the CEO of Royal Bafokeng Holdings since 2012. She is the former chief operating officer of the Public Investment Corp, where she also served as an executive director and headed the operations division, which was responsible for supporting the company’s investment units. She has extensive asset management, investment banking, corporate finance, and business leadership experience. She has served on the boards of PwC, Kagiso Finan-

Malose Kekana is the founder of Belelani Capital and group CEO of Pareto. He became group CEO when Belelani bought into Pareto — one of SA’s largest retail property companies with a portfolio value in excess of R25bn.

Kekana’s consortium bought the stake from the Government Employees Pension Fund, which owned 100% of Pareto prior to the introduction of Belelani as an investor. The company owns premier shopping centres such as Cresta, Sandton City (Johannesburg), Pavilion (Durban) and Tyger

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cial Services, NM Rotschild and UBS. She currently serves as a nonexecutive director of Anglo Platinum, RMB Holdings, Vodacom Group, Mineworkers’ Investment Company and Harith General Partners. She served on the board of Impala Platinum Holdings until 2017. She is a chartered accountant and holds a postgraduate diploma in accounting and a BCom from the University of Cape Town. She also completed an advanced management programme at Harvard.

Valley (Cape Town). He previously served as CEO of Umsobomvu Youth Fund until 2010. He started Baswa Investment Company to participate in BEE transactions as a youth investment group and also served on the board of Black Management Forum (BMF) Investment, an investment company of the BMF. He serves on the council of the University of Limpopo and was recently appointed to the council for the support of national defence, which is charged with supporting the National Reserve Force and the SA National Defence Force.

October 19 2017

BUSINESS LEADERS

Itumeleng Kgaboesele

Vusi Khanyile

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Itumeleng Kgaboesele is cofounder and CEO of Sphere, an investment holding company. He sits on a number of boards of companies that Sphere has invested in, as well as Telkom SA and Old Mutual Investment Group (SA) Holdings.

He has extensive investment banking experience gained in different companies in SA and the UK, including his term as vicepresident of Citigroup’s invest-

ment banking division and senior positions held at Merrill Lynch and Deutsche Bank.

He has also acted as adviser to the SA government and several local and international companies on mergers and acquisitions as well as capital-raising projects. He is also on the board of the Europe, Middle East and Africa Entrepreneurs’ Organisation. He is a chartered accountant with a BCom from UCT.

Vusi Khanyile is founder and MD of Thebe Investment Corp.

He was a pivotal figure in its establishment in 1992. Before that he was an activist for many years as the ANC’s head of finance, chairman of the Educational Development Trust and the National Education Co-ordinating Committee founding chairman. He served as a special assistant for the vice-chancellor at the University of Cape Town and later joined the finance division of Anglo

American. He later founded his own finance company. His qualifications incude a BCom (University of Birmingham, UK), BA economic science (Hons) from the University of Transkei and honorary doctor of commerce (Walter Sisulu University). He has served on the boards of a number of listed and unlisted companies such as Shell SA Refinery and Vodacom SA. He is also independent chairman of Santam and lead independent director of the JD Group.

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October 19 2017

BUSINESS LEADERS

Andile Khumalo

Ufikile Khumalo

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Andile Khumalo is chief investment officer at MSG Afrika Investment Holdings.

He served as chief financial officer at BioScience Brands Ltd since 2006. In 2004 he joined Investec Corporate Finance. He left Investec to start an investment company of his own. In early 2004, he joined the Deloitte office in Houston, Texas, where he served as a senior auditor on the financial and compliance audit of Duke Energy. He started his career in auditing and financial management with Deloitte & Touche. Khumalo served as an analyst at Quartile Capital, and chairman of

MetropolitanRepublic (SA) brand engagement company. He serves as a nonexecutive director of Curious Pictures and a director of Sasol Inzalo Group. He also served as a director of SAA and Continental Outdoor Media, The Communications Firm and Quarto Press. He served as a nonexecutive director of BioScience Brands.

In 2011, he became the 11th president of the Association for the Advancement of Black Accountants of Southern Africa. He is a chartered accountant with a BCom (accounting) degree and a postgraduate diploma in accounting from the University of Natal.

Ufikile Khumalo is the president and CEO of Foskor, a vertically integrated SA phosphate producer. He has been an executive chairman and nonexecutive board chairman of Scaw Metals. He joined Foskor from Scaw Metals, where he spent three years. At Scaw Metals he provided leadership to create and manage change and also attract appropriate strategic partners into the group while working closely with Scaw’s majority shareholder, the Industrial Development Corp (IDC). Prior to this he worked at the IDC for 14 years, including 10 years as an executive committee

member. Previous experience includes senior roles at Bevcan (a division of Nampak), Eskom and Sasol. He has served as a nonexecutive director on the boards of many unlisted companies such as Credit Guarantee Insurance Corp and Incwala Resources, and listed companies Digicore Holdings and Exxaro Resources. He holds a BSc (electrical engineering), an MSc, and has completed a management advancement programme and senior executive development programme at Harvard, and the advanced management programme at Insead Business School in France.

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October 19 2017

BUSINESS LEADERS

Pulane Kingston

Ben Kodisang

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Pulane Kingston is a partner in corporate practice at Webber Wentzel. She joined Webber Wentzel from Absa Capital, where she was managing principal. In 2003 Kingston cofounded Sphere Holdings, a newgeneration investment holding empowerment company focusing on financial services, industrial services and infrastructure. Her other leadership positions include advisory mandates aimed at establishing and maintaining positive dialogue with the SA government, which she under-

Ben Kodisang joined Sanlam investments as CEO of Sanlam Alternatives in June 2016. He manages the alternative businesses, which comprise Single Manager Hedge Funds, Direct Property, Private Equity and Africa Investments.

He is nonexecutive director of Sphere Holdings.

Kodisang joined Sanlam from Stanlib, where he was MD of Africa and responsible for leading and directing Stanlib’s asset management expansion into the continent.

Stanlib has a direct presence in Namibia, Swaziland, Lesotho, Botswana, Kenya, Uganda, Tanzania, South Sudan and Ghana.

Kodisang also spent a decade

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took for Lafarge and Xstrata.

Kingston’s career in law has included time with Shepstone & Wylie Attorneys in Durban, as well as Edward Nathan & Friedland Inc (now ENS) and White & Case LLP in Johannesburg. Her qualifications include an International Baccalaureate diploma from the International School of Moshi (Tanzania), an LLB from the University of Wales College of Aberystwyth (UK), and an LLM from the University of Nottingham (UK). She is a member of the International Bar Association.

as senior executive with Old Mutual, primarily as MD of their property business, and led the company through its most significant growth phase from 2004 to 2012.

He was also head of strategy, distribution and marketing for the Old Mutual Investment Group. He was chief investment officer of the African Harvest Fund Managers growth team. Kodisang is a past chairman of Wesgro and SA Corporate Real Estate Fund and a former president of the SA Property Owners Association. He holds a BCom and BCompt (Hons) and started his career at Liberty Asset Management after qualifying as a chartered accountant with EY.

October 19 2017

BUSINESS LEADERS

Basetsana Kumalo

Phumzile Langeni

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Basetsana “Bassie” Kumalo is CEO and chair of Basetsana Woman Investment Holdings. She is also a former Miss SA, winning the title in 1994, becoming one of the first black Miss SA title holders. Kumalo is a brand ambassador for numerous SA corporates and blue chip companies. She is the director and vice-chair of LoveLife SA. She is a director at Travel with Flair SA, Tswelopele Group, Union Alliance Media, Unipalm Holdings, Uzalile Investments, Leungo Investment Holdings and the Nelson Mandela

Institute for Education & Rural Development. She is the spokesman for the Pampers Unicef Tetanus Campaign and nonexecutive director at Tawana Resources. Kumalo is chair of PHAB Property Holdings and executive chair at Tswelopele Productions. She was awarded the Young Global Leader Award in 2011 by the World Economic Forum and won the Fashion Icon Award at the Cape Town Fashion Awards. She has a BA degree from Unisa and a diploma in marketing from Damelin College.

Phumzile Langeni is the executive chair of Afropulse Group and Astrapak. She is a director of two Top 40-listed companies in SA and nonexecutive chair of the Mineworkers Investment Company. She has served as an executive director on the boards of Atlatsa Resources Corp, Anooraq Resources Corp and BJM Securities and nonexecutive director at Imperial Holdings, Transaction Capital, Massmart Holdings, Metrofile Holdings, Primedia, MIC and Peermont Global Holdings,

among others. She was a founding member of Mazwai Securities, where she served as executive director.

She has published articles on black economic empowerment and was instrumental in the formation of the People’s Bank/Sowetan Investor Education & Savings Programme. She is a fellow of the SA Institute of Stockbrokers. She has a BCom (Hons) from the University of KwaZulu Natal, and has completed a JSE stockbroking course from Wits.

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October 19 2017

BUSINESS LEADERS

Wendy Luhabe

Sindi MabasoKoyana

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Wendy Luhabe is a businesswoman, social entrepreneur and author. She gained 10 years of national and international corporate experience with Vanda Cosmetics and the BMW Group.

In 1991, Luhabe founded Bridging the Gap, her first exercise in social entrepreneurship. In 1994 she pioneered the founding of Women Investment Portfolio Holdings. In 1999 she was also honoured as one of the 50 Leading Women Entrepreneurs of the World.

Luhabe serves as director in a number of corporate companies

in SA. She has a BCom degree from the University of Lesotho, a BCom (accounting and marketing) from the University of Fort Hare, a BA degree from Wits, and completed a management advancement programme at Wits Business School. She was chancellor of the University of Johannesburg in 2006. In 2017 she received an honorary doctorate in commerce from the University of Kwazulu Natal, in recognition of her unwavering and invaluable contribution to women empowerment in business.

Sindi Mabaso-Koyana is the chair of AIH Ltd, an investment holdings company for the African Women Chartered Accountants.

She is also chair of the Advanced Group of Companies, which is invested in mining services. Mabaso is a chartered accountant and former group MD for Viamax and executive chair of Advanced Capital, which she co-founded. She is an independent nonexecutive director of MTN Zakhele. She is also one of the founding members of Gobodo Inc. She served as

group CFO of the Passenger Rail Agency SA, executive partner at EY and CFO at Transnet. MabasoKoyana played a pivotal role in the establishment of African Women Chartered Accountants and formed AWCA Investment Holdings to keep it financially sustainable. She was named one of the country’s 20 most powerful businesswomen by the Financial Mail, and was a finalist for the 2004 Businesswoman of the Year Award. She studied at the University of KwaZulu Natal.

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October 19 2017

BUSINESS LEADERS

Priscillah Mabelane

Jabulani Mabuza

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Bafelelang Priscillah Mabelane became the first black female CEO at BP SA in August 2017. She had been chief financial officer of BP Southern Africa since 2011.

Mabelane held the position of executive director: finance at the Airports Company SA (Acsa) from 2008 to 2011 and prior to that was the tax director at Ernst & Young (now EY) for two years.

From 1999 to 2006 she held several executive positions at Eskom Holdings, where her last position was that of general manager, finance and business support: transmission. She is also a nonexecutive director of Acsa. She has been an independent nonexecutive director of Vodacom Group since 2014. She is a chartered accountant.

Jabu Mabuza is the executive chairman of Sphere Holdings and Telkom SA. He is also a director of Amalgamated Beverage Industries and a nonexecutive director of Ace Insurance Company (Puerto Rico).

He is MD of Southern Sun Gaming Investments, and served as group CEO and executive chairman of Tsogo Sun Holdings.

He also served as CEO of the Foundation for African Business & Consumer Services as well as group advancement manager for SA Breweries. He served as the country adviser to United Bank of Switzerland (UBS), and as an executive director at Hosken Consolidated Investments. He has been chairman of the Africa board of Anheuser-Busch InBev SA/NV

since October 2016. He served as chairman of SA Tourism, Mpumalanga Development Corp and Future Bank. He served as a member of the board of directors of Tanzania Breweries and Castle Brewing Company in Kenya.

Mabuza is president of Business Unity SA. He is the most recent recipient of the 2004 Impumelelo Top 300 Empowerment Awards as a Top Black Business Personality of the Year. He completed the effective leadership programme at the Wharton School, University of Pennsylvania, US, in 1996 and the executive development programme in financial statement analysis at the John E Anderson Graduate School of Management at the University of California in 1999.

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October 19 2017

BUSINESS LEADERS

Mpumi Madisa

Ben Magara

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Mpumi Madisa is executive director of the Bidvest Group.

She is the former chief director of the Gauteng department of agriculture, conservation and environment.

During her nine years in the Bidvest Group, she has held various senior management and executive board director positions such as general manager of business development, divisional director business devel-

Ben Magara is the CEO of Lonmin Mining. He is a graduate mining engineer from the University of Zimbabwe and has attended various management programmes including the accelerated development programme at the London Business School (UK), and the AMP at the Gordon Institute of Business Studies. Magara has extensive mining experience in both underground and surface mining as well as soft and hard

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opment, corporate affairs director and sales and marketing director.

She is also a director of numerous Bidvest subsidiaries. She was a finalist in the Businesswomen’s Association of SA’s 37th annual Businesswoman of the Year Awards. She holds a master’s in finance and investment, a BCom (Hons) in economics and a BSc in economics and mathematics.

rock mining. He also has experience in the energy and logistics industries. Magara serves as chairman of the board of trustees at St Peter’s School Foundation. Previously he was executive head: engineering and projects at Anglo American Platinum. He was nonexecutive director at Anglo American SA. He was also CEO at Anglo Coal SA and formerly vicepresident of the SA Colliery Managers’ Association.

October 19 2017

BUSINESS LEADERS

Peter Mageza is independent nonexecutive chairman of Ethos Private Equity. He was executive director and group chief operations officer of Absa Group.

Mageza is an independent nonexecutive director of Bidvest, Rainbow Chicken, Sappi and MTN Group.

He is a chartered accountant and fellow of the Association of Certified Chartered Accountants.

He serves as an independent nonexecutive director at Sappi, Remgro, MTN Group, RCL Foods, Clover Industries, Extract Group and Anglo American Platinum.

Sipho Maseko is the CEO of Telkom SA. He was pivotal in an agreement signed between the telecommunications giant and unions representing the bulk of its employees, marking a significant milestone in the implementation of the company’s three-year turnaround strategy — ending a yearlong collision course with the unions. He started his career when he trained as a lawyer at

Wits University. Upon completion he joined the Financial Services Board rather than practising as a lawyer. BPSA recruited him in 1997 and he quickly rose through the ranks to become its CEO. He left BPSA in 2012 to join Vodacom, and later became the company’s MD. He is a director of the Centre for Development & Enterprises as well as Afrox. He has a BA and LLB.

Peter Mageza

Sipho Maseko

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October 19 2017

BUSINESS LEADERS

Daphne MashileNkosi

Daphne Mashile-Nkosi is the owner and CEO of the Kalagadi Manganese Mine in the Northern Cape and one of a handful of powerful women in SA’s mining industry. The mine is said to be the largest in the world and one of the most eco-friendly. She and her late husband, Stanley, received a licence to prospect for manganese in the Kalahari Basin in 2005 and started Kalahari Resources — a mining venture that is now valued at over R7bn. Mashile-Nkosi is an executive chair of Kalahari

Resources, the holding company for the Kalagadi Manganese Mine.

She is also founder and director of Temoso Technologies. The mine has about 3,000 jobs. She is a trustee and chair of the Women’s Development Trust and chairs Women’s Development Bank Investment Holdings. She has won various awards, including CEO of the Year at the African CEO Forum held in Geneva in 2014. She holds a small business management diploma from Wits Business School.

Strive Masiyiwa is the group executive chairman of Econet Wireless Holdings. He is a businessman, entrepreneur, and philanthropist.

He is a director of Econet Telecom Lesotho and founder and group chairman of Econet Wireless Zimbabwe. Masiyiwa is a member of the global advisory

board at the Council on Foreign Relations. He is a nonexecutive director of Unilever and chairman of the Alliance for a Green Revolution in Africa. He’s involved in the development of Africa’s independent media.

Masiyiwa has a degree in electrical and electronic engineering from the University of Wales (UK).

Strive Masiyiwa

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October 19 2017

BUSINESS LEADERS

Dan Matjila is the CEO of Public Investment Corp, where he was previously chief investment officer. He was also previously senior manager of quantitative research analysis at Stanlib Asset Management and Anglo American respectively. Matjila is chairman of Entabeni Holdings and a director at Harith Fund Managers. He

holds a BSc (Hons) in applied mathematics, a postgraduate diploma in mathematical finance, an MSc in applied mathematics, a doctorate in philosophy and a PhD in Mathematics. He completed an advanced management programme and a senior management programme.

Zanele Matlala is the CEO of the JSE-listed ferrochrome company Merafe Resources. The company generates revenue and operating income primarily from its chrome venture with mining and marketing major Glencore. Earlier this year, Merafe shares received a significant boost due to upped production and improved safety reports. Matlala joined the Merafe board in 2005, having previously served as an independent nonex-

ecutive director. She was appointed Merafe’s CFO in 2010 and CEO in 2012. She is a nonexecutive director of Dipula Income Fund, Stefanutti Stocks and Old Mutual.

Matlala is a member of the social, ethics and transformation board committee. She is also an invitee to the audit & risk committee and the remuneration & nomination committee. She has a BCom and BCompt (Hons), and is a chartered accountant.

Daniel Matjila

Zanele Matlala

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October 19 2017

BUSINESS LEADERS

Peter Matlare

Peter Matlare is the deputy chief executive of Barclays Africa Group and former CEO of Tiger Brands. He has been an executive director of commercial at Vodacom SA since 2005. He served as an executive director of Tiger Brands from 2008 until December 2015 during his tenure as CEO. He has been the chief of strategy and business development officer of Vodacom Group since 2007. He began his career with the Urban Foundation and Citibank. He held various executive positions in the Chamber of Mines, Primedia group and served as group CEO of the

Portia Maurice is the chief officer of corporate affairs at Vodacom Group. She is also a member of the Vodacom Group executive committee. Maurice was previously Vodacom’s chief officer of public affairs and sustainability.

She has been CEO of environmental management company Tedcor and Nehanda Group, a

SABC. He served as a nonexecutive director of YeboYethu. He serves as a director of Sea Harvest Corp and has been an independent nonexecutive director of the Oceana Group since 2008.

He has been a nonexecutive director of Dangote Flour Mills Plc since 2012 and an executive director of Barclays Africa Group since 2011. Matlare served as a director of Empresas Carozzi SA, director of Absa Bank and nonexecutive director of Kumba Iron Ore. He holds a BSc (Hons) and a master’s degree (Southern African studies) from the University of York (Canada).

women’s investment company of which she remains a nonexecutive board member. She was general manager at the MTN Group. Maurice is nonexecutive director of Ga Ra Geng Travel. A former journalist, she has worked at a range of media houses including The Argus, Mail & Guardian, Sowetan and the SABC.

Portia Maurice

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October 19 2017

BUSINESS LEADERS

Norman Mbazima

Norman Mbazima is deputy chairman of Anglo American and former CEO of Kumba Iron Ore. He was previously deputy finance director of Anglo American Corp of SA and CEO of Scaw Metals. He served as CEO of the thermal coal business at Anglo American as well as a series of positions within the mining giant. He served as CFO at Konkola Copper Mines.

He began his mining career at Zambia Consolidated Copper Mines (ZCCM). He spent 17 years with Deloitte & Touche, including 11 years at partner level. Mbazima serves as a director

Kennedy Memani

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Kennedy Memani is the principal and director of KREM Investment Holdings, KREM Capital and XKM & Associates. He is a director of Vuwa Investments. He serves as chairman of Nexus Connection and the Eskom Pension Fund. He sits on the boards of various listed and unlisted companies and provided executive oversight at Neotel when the CEO and CFO were placed on special leave in 2015. He is credited with the creation and management of a

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of Anglo Zimele Empowerment Initiative and Rustenburg Platinum Mines. He served on the boards of directors such as Zambia Sugar, Farmers House, Indo Zambia Bank, ZCCM Investment Holdings and the Zambia Centre for Accountancy Studies.

He served as nonexecutive director of Exxaro Resources, and is a fellow of the Association of Chartered Certified Accountants and the Zambia Institute of Chartered Accountants. He completed his accounting studies at West Bromwich College of Commerce & Technology in the UK in 1980.

benchmarking process comparing SA’s performance and processes for privatisation with worldwide best practice. He also played a key role in the restructuring, privatisation and corporatisation of state entities like Telkom (partial privatisation) and the Airports Company SA. He participated in the National Framework Agreement process on privatisation and prepared the master plan for the privatisation of Transnet. Memani is a chartered accountant.

October 19 2017

BUSINESS LEADERS

Mxolisi Mgojo

Ipeleng Mkhari

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Mxolisi Mgojo is the CEO of Exxaro Resources and the president of the SA Chamber of Mines. Mgojo took over when Sipho Nkosi retired as CEO in April 2016. He was previously executive general manager of base metals and industrial minerals and manager of marketing and logistics.

He is a nonexecutive director at Talent10, an investment holding company. He has held senior posi-

tions within the mining industry, including at Société Générale Investment Banking. He has a BSc in computer science from Northwestern University in Illinois (US).

He has completed an advanced management programme at the Wharton Business School of the University of Pennsylvania and a BSc Hons in energy studies from the Rand Afrikaans University (now University of Johannesburg).

Ipeleng Mkhari is founder and chief operations officer of Motseng Investment Holdings.

She is an independent non-executive director for KAP International Holdings. Mkhari is also founder of Phosa Iliso CCTV. Mkhari was named the Cosmopolitan Mover of the Year in 2006. She has been an Independent nonexecutive director at Nampak since 2013. She serves as a nonexecutive director of SA Corporate Real Estate Fund Managers. She has been an Independent nonexecutive director of

Ambit Properties since 2003. She serves as a director of Inter-Alia and Dano Textiles and Old Mutual Investment Group Property Investments. Mkhari is a director of St John’s Diocesan School for Girls and a council member of the Durban University of Technology. In 2007, she received the Archbishop Tutu Fellow award from the African Leadership Institute. Mkhari holds a BA Social Science degree from the University of Natal, and has completed the executive development programme (Wits).

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October 19 2017

BUSINESS LEADERS

Zwelibanzi Vincent Mntambo

Anna Mokgokong

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Vincent Mntambo is a nonexecutive director at Exxaro Resources. He is the founder of Sediba Consulting and Sediba Accords. Mntambo served as a senior lecturer at the University of Natal. He also served as directorgeneral of the Gauteng provincial government. He is executive chairman of ASG Business Solutions and serves as chairman of the CCMA and Eyesizwe Mining.

Dr Anna Mokgokong is an entrepreneur, cofounder and executive chair of Community Investment Holdings. She served as interim CEO of Afrocentric Investment Corp, where she is nonexecutive chair.

She is chair of Rebosis Property Fund and the Council of the University of SA. She has been chair of Cape Resources and nonexecutive chair of Jasco Electronics Holdings. She is nonexecutive chair of Air Liquide Healthcare and Tshwane International Convention Centre.

She is a nonexecutive director at Schneider Electrical SA and serves on the boards and subsidiaries of numerous companies.

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He served as executive director of IMSSA. He serves as nonexecutive director of Eyesizwe Coal and Everest Systems Solutions. He also served as independent nonexecutive director of Aveng.

He is the executive chairman of ASG Business Solutions.

Mntambo has a BJuris and an LLB from the University of North West and an LLM from Yale University (US).

She has been nonexecutive director of Adcock Ingram Holdings.

She has also been an independent nonexecutive director at Shoprite Holdings and was president of the SA Women Entrepreneurs Network and the International Women’s Forum of SA. In 1994, she was elected Soroptimist Community Person of the Year and was selected as a delegate on President Nelson Mandela’s task team to visit Britain. She joined the women leadership board of the Harvard JF Kennedy Business School in Boston in 2002. Mokgokong was SA’s Businesswoman of the Year in 1999. She has a medical degree and a doctorate in economics.

October 19 2017

BUSINESS LEADERS

Thoko MokgosiMwantembe

Dawn Mokhobo

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Thoko Mokgosi-Mwantebe is founder and CEO of Kutana Investment Group.

She was CEO of HewlettPackard and has held a number of executive positions in global pharmaceutical and ICT companies.

She started her career as product manager for pharmaceutical giant GlaxoSmithKline, Merck, Sharp and Dohme. She was executive for the consumer segment at Telkom, divisional MD at Siemens Telecommunications and CEO of Alcatel SA. She held a senior position at Lucent Technologies and was chair of Mintails Mining SA. She is a director at Knorr-

Bremse (SA), Yebo Yethu and In 2 Food Group. She is an independent nonexecutive director at Balwin Properties, Aveng, Royal Bafokeng Platinum, Paracon Holdings, Absa Bank and Vodacom Group.

She has won various business awards. Mokgosi-Mwantembe has a BSc from the University of Swaziland and an MSc in medical chemistry from Loughborough University of Technology (UK). She completed a senior executive programme at Wits Business School and at Harvard, a managing corporate resources programme from IMD (Swaziland) and a diploma in teaching from Swaziland.

Dawn Mokhobo is nonexecutive chair of Wesizwe Platinum mining company and an independent nonexecutive director for Allied Electronics Corp. She was the first black woman to be elected to the management board of Eskom. Makhobo is an independent nonexecutive deputy chair at Sabvest, at Africa International Advisors, at Khulisa Social Solutions and is a member of the Businesswomen’s Association.

She is on the board of directors at Allied Electronics Corp; Sabvest; Partnership Investments, Altron Finance; Financial Services Board Foundation Trust; Gidani;

Ingwazi Resources; Sasol Inzalo Public Funding; Scinta SA; Cricket SA; and Engen. Makhobo was previously independent nonexecutive director at Massmart Holdings. She was senior manager of divisional health education at Anglo American and executive director of Eskom Holdings SOC. She also served on the board of Nozala Holdings. Makhobo holds a BA degree in social sciences from the University of the North (formerly Turfloop) and completed a programme in strategic transformation from the Graduate School of Business (University of Stellenbosch).

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October 19 2017

BUSINESS LEADERS

Collin Molepe

Sello Moloko

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Collin Molepe is the chief operations officer at Zurich Insurance Company SA. He joined Zurich from Absa Insurance, where he was chief operations officer. Prior to this he was Absa Insurance general manager of claims cost control. Molepe also worked as divisional manager at Discovery Health, where he was responsible for developing

and implementing the strategic direction for the health claims processing unit. He has been an executive director at Zurich Insurance since October 2014.

Molepe completed various executive management programmes from Unisa and the University of Cape Town Graduate School of Business between 1995 and 2006.

Sello Moloko is the deputy chairman of Sycom Property Fund. He was nonexecutive group chairman at Alexander Forbes, nonexecutive director at Prudential Portfolio Managers, Industrial Development Corp and General Reinsurance Africa. He is the executive chairman at Thesele Group. He was previously the nonexecutive director at Acucap Properties, CEO at Old Mutual Asset Management and and actu-

arial assistant at Alexander Forbes. He is the national president of the Association of Black Securities & Investment Professionals.

He holds a BSc (Hons) from the University of Leicester (UK), completed in 1988. He also completed an advanced management programme from Wharton Business School (US) in 2003 and a postgraduate certificate from the University of Leicester in 1989.

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October 19 2017

BUSINESS LEADERS

Funeka Montjane

Raisibe Kgomara Morathi

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Funeka Montjane is CEO of Standard Bank Personal Business Banking. She has steadily risen up the Standard Bank hierarchy over a number of years. Being at the helm of this important division of SA’s biggest bank in terms of market value makes Montjane one of the most influential executives at the bank.

She joined Standard Bank in 2008 and was appointed as CFO of Personal & Business Banking

Raisibe Morathi is the CFO of Nedbank. She also serves as Nedbank’s international finance director. She served as chief operating officer and executive vicepresident of sectors at the Industrial Development Corp. She was seconded to the office of the deputy president of SA as economic adviser. She previously served as CEO of group services at

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SA (PBBSA). In 2010 she was appointed head of credit at PBBSA. She was a partner at PwC before joining Standard Bank.

Previously she was chief financial officer, head of home loans, head of credit at Standard Bank Personal & Business Banking and worked as a chartered accountant at PwC. She has a BCom and a master’s degree in commerce from the University of Johannesburg.

Sanlam, and currently serves as a director of AfriSam (SA). Morathi serves as a director of Land and Agricultural Development Bank of SA. She also served as a nonexecutive director of Santam.

Morathi is a chartered accountant and completed an advanced management programme from Insead (France) and a higher diploma in taxation from Wits University.

October 19 2017

BUSINESS LEADERS

Godfrey Motsa

Derrick Msibi

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Godfrey Motsa has been the CEO of MTN SA since March 2017. Motsa previously served as the vice-president of South & East Africa at MTN Group from January 2017 to March 2017. He has also served as the CEO of Vodacom DRC. Motsa served as chief officer of consumer business unit at Vodacom Group from April 1, 2015 to January 12, 2016. He served as chief officer of regional operations

at Vodacom Group. Motsa joined Vodacom SA in 2005 as head of brand marketing. He has held a number of senior roles, including MD/CEO of Vodacom Lesotho and Vodacom Congo. He has more than 10 years experience in the mobile telecoms industry. He holds a BCom from the University of Botswana, Lesotho and Swaziland and an MBA from Thames Valley University (UK).

Derrick Msibi became the CEO of Liberty Asset Management cluster and Stanlib SA in 2017. Msibi has 17 years’ experience and a proven track record in the asset management industry, ranging from a portfolio manager in the alternative assets class to the managing director of the largest multimanager in SA. Msibi’s responsibilities will be to drive strategy and provide leadership to

the combined LibFin and Stanlib teams. He will also be a member of the Stanlib board and the Liberty Group executive committee.

The newly appointed CEO comes from the Alexander Forbes Group, where he held the positions of managing director of investment solutions and joint head of the institutional businesses. He holds a BCom, an MSc and BBusSci from UCT.

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October 19 2017

BUSINESS LEADERS

Hloniphizwe J Mtolo is the chairman of the board of Shell companies in SA. These include Shell SA Holdings, Shell SA Energy and Shell Downstream SA. He is also a board member at Sapref, SA’s largest refiner of oil products.

Mtolo is also general manager of Shell International’s retail busi-

ness in SA. He is a qualified medical laboratory technician.

He has completed a management advancement programme and executive leadership programme from the Mendoza College of Business at the University of Notre Dame in the US.

Blessing Mudavanhu grew up in Zimbabwe. He is the president and founder of Dura Capital, a financial engineering and risk management company with branches in SA, Harare and New York. The self-confessed mathematics nerd founded Dura Capital in New York in 2006. He received his PhD in mathematics from the University of Washington (US) and master’s in financial engineering from the University of California at Berkeley (US) and immediately joined American International Group (AIG) in New York as a senior risk analytics associate. He later joined Bank of America Merrill Lynch as director in

global risk. In 2009 he joined African Banking Corp (BancABC) as group chief risk officer, based in Johannesburg. He left BancABC in January 2017, having served as acting group CEO. He was professor of risk management in the financial mathematics at Baruch College of The City University of New York. He is a visiting senior lecturer in advanced mathematics at Wits University’s Business School. He has published several mathematics and financial engineering journals.

Mudavanhu is a recipient of the US Fulbright Scholarship and is listed in Who’s Who in America.

Hloniphizwe J Mtolo

Blessing Mudavanhu

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October 19 2017

BUSINESS LEADERS

Mthuli Ncube

Mthuli Ncube is MD of Quantum Research Lab, the research arm of Quantum Global Research Group. Quantum Global Research Lab is an independent research partner to African countries. Prior to this he was chief economist and vice-president of the African Development Bank (AfDB) until 2016. Zimbabwe-born Ncube was previously dean of the faculty of commerce law and management at Wits University and proffessor of finance at Wits Business School. He was previ-

Thandi Ndlovu is executive chair of Motheo Construction Group. She received her MB ChB from the University of Zambia, and is a former commander and medical officer for Umkhonto we Sizwe, the ANC’s military wing.

She is the independent nonexecutive director at Truworths International. She is chair of the SA

ously dean and professor of finance at Wits Business School.

He led Wits Business School to a point where it was rated number 45 globally by the UK’s Financial Times in 2007.

He obtained PhD in mathematical, pricing options under Stochastic Votality at the University of Cambridge in England. He has extensive experience as an investment banker (25 years), and was founding chairman of Barbican and Selwyn Capital, which are involved in investment banking.

Wine Industries Trust and deputy chair of the Private Practice SA Medical Association. Ndlovu also chairs Women’s Development Bank Investment Holdings. She is chair of the SA Wine Industry Trust, an executive chair at Motheo Group, national president of the SA Women in Construction and president of the Black Business Council.

Thandi Ndlovu

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October 19 2017

BUSINESS LEADERS

Andile Ngcaba

Sisa Ngebulana

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Andile Ngcaba is the founding partner and chairman of Convergence Partners Investments, an investment management firm.

He has a doctoral degree in commerce, accounting, economics, and management-related subjects from the University of Fort Hare.

He is executive chairman of Dimension Data Holdings and a board member at Telecom-Interna-

tional Telecoms Union. He is also an adviser in digital inclusion at Harvard University Law School.

Ngcaba is founder of the Institute for Software & Satellite Applications and founder of the Centre for Development of Information & Telecom Policy. He is co-chairman of the Presidential Commission on Information Society and a board member at the State Information & Technology Agency.

Sisa Ngebulana is founder and CEO of Billion Property Development Group and was Rebosis Property Fund CEO until 2012.

Ngebulana established Billion in 1998 and Rebosis in 2010. An attorney, Ngebulana worked for Jan S de Villiers Attorneys in commercial litigation before spending seven years with Eskom as legal counsel specialising in property and finance. He is the former president of the SA Council of Shopping Centres, and has been a director of the Attfund Group, Truworths International and the Construction Industry Development Board. Ngebulana single-

handedly developed several regional shopping malls in SA, including Hemingways Mall and Mdantsane City Mall (East London), Forest Hill City Mall (Centurion), BT NGebs City (Mthatha) and Abacus Bay West City (Port Elizabeth). He has won various awards including the Entrepreneur of the Year Award (2006), Pioneer Award (2014), and African Business Excellence Award (2014).

Ngebulana has a BJuris from the University of Fort Hare, an LLB from the University of KwaZulu Natal and an LLM in international finance from the University of Johannesburg (then the Rand Afrikaans University).

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October 19 2017

BUSINESS LEADERS

Marjorie Ngwenya

Phuthuma Nhleko

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Marjorie Ngwenya is president of the UK Institute & Faculty of Actuaries (IFoA), and former group executive for strategy at Liberty Group SA (2016). She is a Zimbabwe-born actuary who became the first non-British person to be appointed president of the institute. She has served in various positions in companies such as Old Mutual, Liberty Group SA and Deloitte UK. She completed her advanced levels in Harare and moved to the UK to begin a BSc actuarial science degree at The London School of Economics.

She started working as a tax associate and later moved to an actuarial role. She later qualified as

a fellow of the Institute of Actuaries.

Ngwenya also studied for a Sloan MSc, leadership & strategy at the London School of Business.

She was manager at Deloitte UK before joining Swiss Re as vice-president and senior risk actuary.

In 2009 she was appointed editor of The Actuary. In 2011 she joined Mazars, a global audit group and later joined Mazars UK as a director. She was chair of the Southern African Actuarial ConneXion (SAAX). She has also worked at Old Mutual Group as chief risk officer (Africa).

Phuthuma Nhleko is the former group president and CEO of MTN Group. MTN’s wide reach currently spans 21 countries in Africa and the Middle East. Under Nhleko’s leadership, MTN’s mobile subscriber base grew to more than 185m users and earned over US$15bn in annual revenue. The company’s market capitalisation also increased from US$6bn in 1994 to over $35bn. MTN is currently the sixth-largest company on the JSE by market capitalisation. Nhleko was instrumental in leading the management leveraged a transaction in 2003. At US$700m, the transaction was the largest of its kind in SA’s history.

Nhleko was the recipient of the prestigious SA Business Leader of Year Sunday Times award in 2009.

He is chairman of the Pembani Group of companies, an investment holding company he cofounded in 1994, and is also chairman of Worldwide African Investment Holdings. Nhleko has been nonexecutive drector on the boards of BP and Anglo American, Afrisam (chairman), Pembani Remgro Infrastructure Fund (chairman) and was appointed as nonexecutive chairman of MTN Group. He holds a BSc in civil engineering from Ohio State University (US) and an MBA in finance from Atlanta University (US).

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October 19 2017

BUSINESS LEADERS

Vuyisa Nkonyeni

Gladman Nkosemntu Nika

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Vuyisa Nkonyeni is the CEO of Kagiso Tiso Holdings.

He has more than 20 years’ experience in investment banking and private equity, having served as a director of investments at Tiso Group. Previously, he served as financial director of Worldwide African Investment Holdings and as associate at Deutsche Bank corporate finance. He served his articles at PwC, and has been a nonexecutive director of Emira Property Fund and O-Line Holdings, Africa Cellular Towers and

MMI Holdings. He has been a nonexecutive director at Kagiso Media since 2016. He served as a board member of Idwala Industrial Holdings and has been a nonexecutive director of Kagiso Sizanani Capital since 2012. He has been an independent nonexecutive director of Exxaro Resources since 2014. He also served as a director of Actis LLP. Nkonyeni is a chartered accountant (SA), and has a BSc (Hons) computer science and a post-graduate diploma in accounting.

Gladman Nika is nonexecutive director at Convergenet Holdings (now Stellar Capital). He has previously served as chief financial officer of the SA Gas & Oil Corp (PetroSA). A chartered accountant, Nika completed his articles with Hoek & Wiehahn in Umtata (Eastern Cape). He held various positions at the Shell oil company in Johannesburg and in London. He was also senior general manager of audit services at Eskom. Nika was chief financial officer at the Development Bank of Southern Africa. He qualified as

a chartered accountant in 1987 with the firm of accountants WL Nkuhlu & Company (in association with Hoek & Wiehahn, which subsequently merged with PwC).

In 1988 he joined Anglo American as an internal auditor. During his time at Eskom, he was active with the Institute of Internal Auditors and the development of the internal audit profession and functions in the country. At PetroSA he championed the aspects of transparency and governance within the state-owned company context.

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October 19 2017

BUSINESS LEADERS

Sipho Nkosi

Vusi Nkosi

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Sipho Nkosi is an SA business icon who has created a mining empire. In 2016, Nkosi retired as CEO of Exxaro Coal. His credentials include being former president of the Chamber of Mines SA, a nonexecutive director of Sanlam and one of the founders and CEO of Eyesizwe Coal, which eventually merged with Kumba Resources and became Exxaro Coal. He has been a director of Tronox since June 2012. He began his career as a market analyst with Ford Motor Company SA in 1980, later serving as marketing co-ordi-

Vusi Nkosi is the CEO of Umnotho weSizwe, which he co-founded in 1997. He has been involved in developing the portfolio of Umnotho to include diamonds, platinum, chrome and coal assets, thereby gaining substantial experience in the African resources sector. He serves as a board member of a number of Umnotho-related companies which include Kago Diamonds,

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nator at Anglo American Coal in 1986. After a stint at Southern Life Association as senior manager, he accepted the position of marketing manager, new business development at Trans-Natal Coal Corp, which later became Ingwe Coal Corp. Nkosi joined Asea Brown Boveri (ABB SA) in 1997 as vicepresident of marketing and ABB Power Generation MD in 1998. He has a BCom degree from the University of Zululand, an honours degree in commerce (economics) from Unisa and an MBA from the University of Massachusetts (US).

the empowerment partner to Petra Diamonds. He is also part of Umnotho’s team that is involved in identifying opportunities for the company in other sectors such as renewable energy and he serves as a director of Nebula Solar, a solar water heater manufacturing company. He holds an MPhil in international management from the University of Pretoria, SA.

October 19 2017

BUSINESS LEADERS

Mfundo Nkuhlu

Bongani Nqwababa

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Mfundo Nkuhlu has been chief operating officer and executive director at Nedbank Group and Nedbank Corporate since 2015. He has overall responsibility for the rest of Africa division, balance sheet management, information technology, human resources, marketing, communications and corporate affairs and strategic planning. He served as MD for corporate banking at Nedbank Corporate.

He has served as managing executive of corporate banking at Nedbank. He also served as MD at Nedbank Africa. Nkuhlu previously served as GM of strategy and

planning at Sars. Prior to that he was with the department of trade & industry. Nkhulu served as vicechairman and director of the Industrial Development Corp. He received the award for Top Corporate Banker from the Association of Black Securities & Investment Professionals. Nkhulu has a certificate in executive development from Wits University’s Gordon Institute of Business Studies. He has a BA (Hons) from the University of the Western Cape, a BA (Hons) in strategic management in banking from Insead business school (France) and an AMP degree from Harvard University (US).

Bongani Nqwababa is the joint CEO and president of Sasol with Russell Cornell. Nqwababa was previously the CFO and executive director at Sasol. Nqwababa is a member of Sasol’s Health & Environment Committee as well as being a member of the Capital Investment Committee. Before he joined Sasol, he was the finance director at Anglo American Platinum. He has been finance director for Eskom Holdings and trea-

surer and CFO for Shell SA. He is a nonexecutive director at Old Mutual and was chairman of the SA Revenue Services’ Audit Committee. He has worked in many different countries around the globe such as the UK and The Netherlands. He has a BA (Hons) in accounting (University of Zimbabwe) and an MBA from the University of Manchester. He qualified as a chartered accountant after serving his articles at PwC.

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October 19 2017

BUSINESS LEADERS

Nomkhita Nqweni is Barclays Africa/Absa CEO for wealth & investment management and insurance. She is responsible for assets worth about R240bn. She was previously at Alexander Forbes as an executive in investment solutions multi-management, running strategy for the Alexander Forbes Group CEO

and MD of Alexander Forbes Financial Services Holdings. She served for much of her career at Alexander Forbes, where she started in 1997. She has a BSc (Hons) and a post-graduate diploma in investment management. Nqweni serves as a board member of the SA Mint and SA Bank Notes companies.

Nomkhitha Nqweni

Saks Ntombela

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Sakhiwo Ntombela is the CEO of Hollard Insurance Group, SA’s largest independent insurer.

He was previously at Nedbank as MD of vehicle finance and transactional banking, managing executive at retail banking services, then managing executive for retail.

He was also head of retail product at Absa Bank. Ntombela is a nonexecutive director of the Wealth Associates Group and pro-

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vides strategic input into the business as well as corporate governance oversight. He has a BSc in mechanical engineering and an MBA from the University of Cape Town’s Graduate School of Business. He has also completed the advanced management programme at Harvard Business School in Boston, US, and brings a wealth of experience to the group.

October 19 2017

BUSINESS LEADERS

Nunu NtshingilaNjeke

Sizwe Nxasana

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Nunu Ntshingila-Njeke is the CEO of Facebook Africa.

Nunu Ntshingila-Njeke became CEO of Facebook Africa in 2016.

She is one of the highest-ranking women in advertising and former chair and director of SA’s largest agency group, Ogilvy SA, since 2012. She became the first woman to be inducted into the Loeries Hall of Fame in 2016. The Loeries Awards are the highest accolades for creativity and innovation across the Southern African region and the Middle East. In her many years at Ogilvy, she oversaw the agency’s evolution into a diversified communications group that continues to

Sizwe Nxasana is the chairman of the National Student FinancialAid Scheme (NSFAS) and founder of the Sifiso Learning Group. He started his career at Unilever and is the co-founder and chairman of the National Education Collaboration Trust. He was appointed chairman of the Ministerial Task Team developing a new funding model for students who come from poor and “missing middle” backgrounds. He was CEO of FirstRand until 2015. Nxasana is executive director of NBS Boland Bank and the Development Bank of Southern Africa. He was CEO of Telkom SA and chairman of the audit committee at

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deliver integrated, effective and award-winning work for SA’s biggest and most well-recognised brands. She started her career as a trainee account manager at the agency. In early 2011, she was appointed to the Ogilvy & Mather WW board. She served as an independent non-executive director at Telkom SA. She has served as a director on the boards of Old Mutual, the V&A Waterfront and Transnet. In 2012, she was awarded both the AdReview and AdFocus Lifetime Achievement Awards, for her contribution to the advertising community and industry of SA. She has a BA (Hons) and an MBA.

Sars. Nxasana has a BCom, BCompt (Hons) and a CA (SA).

He has been conferred with honorary doctorates by the Universities of Fort Hare, the Durban University of Technology, the University of Johannesburg and the Walter Sisulu University. He was the national managing partner for Nkonki Sizwe Ntsaluba Inc. He also served as the chairman of Mesele-Hoskens Insurance Group and a member of the Income Tax Special Court. He also served as vice-chairman of the Sars board.

He serves as an independent & non executive director of MMI Holdings and a nonexecutive director of Vodacom Group.

October 19 2017

BUSINESS LEADERS

Mthetho Nyathi

Nonkululeko NyembeziHeita

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Mteto Nyati is the group CEO of Allied Electronics Corp and an executive director at the company. He served as CEO at MTN SA from 2014 to 2017. He joined MTN from Microsoft, where he served as GM for Middle East and Africa (MEA) Emerging Regions. He served as head/MD of Microsoft SA for Microsoft Corp from 2008. Nyati also served as a director of Global Technology Services for South and Central Africa at IBM, as well as serving in a number of senior executive roles.

He led three large business units at IBM telecommunications, small

Nonkululeko Nyembezi-Heita is the CEO of IchorCoal.

She previously served as CEO of ArcelorMittal SA. She was also CEO of mergers & acquisitions for the Vodacom Group, where she was chief corporate strategy officer until 2005. She began her career as an engineer at IBM’s premier research and development facility in Raleigh, North Carolina (US). She served in various roles at IBM in the US, SA and Namibia. She served as CEO of Alliance Capital. She has been an independent nonexecutive chair of the JSE since May 8, 2014. She serves as chair of the

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and medium business. He served as an independent nonexecutive director at Advtech from January 2014 to August 2015. He served as a non-executive director of Blue Label Telecoms from October 2010 to October 2011. He was awarded a Rhodes scholarship in 1985. In 2004, he was named one of Yale University’s World Fellows on Global Leadership. He is the joint winner of the 2013 IT Personality of the Year. Nyati holds a BSc in mechanical engineering from the University of Natal and an MBA from Wits. He also studied at Yale University (US).

board at Arivia.kom and the bond exchange, director of Bigen Africa Consulting Engineers and trustee of the Thabo Mbeki Trust, ComMark Trust. Nyembezi-Heita is also nonexecutive director of Universal Coal. She is an independent nonexecutive director of Old Mutual and a director at Macsteel International Holdings.

Nyembezi-Heita holds a BSc (Hons) in electrical engineering from the University of Manchester Institute of Science & Technology (UK), an MSc from the California Institute of Technology (US) and an MBA from the Open University Business School (UK).

October 19 2017

BUSINESS LEADERS

Alex Okosi

Izak Smolly Petersen

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Alex Okosi is executive vicepresident and MD of Viacom International Media Networks Africa. Okosi is a Nigerian-born, US-educated media executive responsible for developing and launching MTV Africa (MTV Base) in February 2005. He was previously vice-president and GM of MTV Network Europe, responsible for strategy and business development of MTV Network International. He later became director, manager, strategy and business development manager.

He has also spearheaded the launch of other localised Viacom brands in Africa including Nickelodeon and Comedy Central. He

is responsible for managing the growth and development of the Viacom International Media Networks Africa business — a multichannel portfolio that reaches over 100m viewers and includes MTV, MTV Base, Nickelodeon, VH1, BET International and Comedy Central. Okosi is the creative force behind the MTV Africa Music Awards, a high-profile event that has helped talented African artists raise their international profile and status. His mission in Africa has always been to develop quality content and experiences for audiences. He has a BSc degree from Saint Michael’s College in the US.

Izak Smolly Petersen is the founder and CEO of Dipula Income Fund. He was recently appointed chairman of the SA Reit Association, which represents the SA listed (real estate investment trust) sector. Petersen was previously employed at Deloitte and at PSG Investment Bank, first as group management accountant and later as a transactor in structured finance and products. After a short stint at a boutique-structured finance and asset management company in

Cape Town, Petersen co-founded the Mergence Africa Group. In 2006, he co-established Mergence Africa Property Fund, which was involved in asset management, property and equity derivative structuring and broking. Mergence was later merged with Dipula Property Fund for the establishment and listing of the Dipula Income Fund.

He serves as an executive committee member on various industry bodies and sits on the boards of Mergence-related companies.

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October 19 2017

BUSINESS LEADERS

Lorato Phalatse

Lorato Phalatse is the CEO of Nozala Investments. She is also an independent nonexecutive director of Pick n Pay Stores and chair of Bidvest. Phalatse served as a senior civil servant in both provincial and national government, at one point heading the private office of the president of SA. She began her career in the corporate sector with companies such as Johnson & Johnson, Unilever and Nedperm Bank. Phalatse serves as a nonexecutive

director of Peermont Global and as a director of Old Mutual’s Masisizane board. She served as an independent nonexecutive director of Bidcorp. She also serves as a member of the Alexander Education Trust, the Buffelshoek Trust, and is a governor of Michaelhouse Boys School. Phalatse holds a BA (Hons) in political science from the University of Leeds, UK, and an MA in Southern African development studies from the University of York, UK.

Anton Clarence Pillay is the CEO of Coronation Fund Managers responsible for operations, marketing, finance, human resources and corporate finance.

He also serves as CEO of Coronation Asset Management. He served as COO of Coronation Fund Managers for seven years.

He previously worked for BoE,

where he held a number of key positions and directorships. He has extensive knowledge and experience in the investment and banking industry. He serves as chairman of Namibia Asset Management. He is a chartered accountant and has completed Harvard University’s advanced management programme.

Anton Pillay

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October 19 2017

BUSINESS LEADERS

Sipho Pityana

Cynthia Pongweni

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Sipho Pityana is the executive chairman of Izingwe Capital and MD of Laetoli Investments Corporate. He is a nonexecutive director at AngloGold Ashanti and Bytes Technology Group. Pityana is a member of the prestigious Black Business Executive Circle in Johannesburg and a member of the Nepad Business Group steering committee, an executive member of Tshwane University of Technology and the Human Sciences Research Council. Pityana is also nonexecutive deputy chairman of the National Student Financial Aid Scheme of SA and chairman of the Mandela Bay Development Agency. He is

Cynthia Pongweni is the financial director of Mineworkers Investment Company (MIC), a position she has held since 2008.

She is also responsible for investments and serves on the boards of a number of MIC’s investee companies, including Metrofile Holdings, Primedia, Tracker Holdings and Rand Merchant Bank (divisional board member). Pongweni is also an independent

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nonexecutive chairman of Onelogix Group and nonexecutive vice-chairman of Aberdare Cables.

He served on several boards such as Scaw SA, OneLogix and as director-general of the department of foreign affairs. He was also chairman of of African Renaissance and International Co-operation Fund, director-general of the department of labour, board member of the University of Cape Town Graduate School of Business and registrar at the University of Fort Hare. Pityana holds a BA (Hons) in government and sociology and an MSc in politics and sociology from the University of Essex (England).

nonexecutive director of Consol Glass. She served her accounting articles with Deloitte & Touche (Zimbabwe) from 1996 to 2000 before transferring to Deloitte & Touche SA as audit manager in 2003, and was appointed an audit partner in January 2007.

She has a BCompt Hons, CA (SA), CA (Zimbabwe), an MBA (University of Chicago Business School).

October 19 2017

BUSINESS LEADERS

Tryphosa Ramano

Christine Ramon

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Tryphosa Ramano is the CFO of PPC SA. She is a nonexecutive director at Adcorp Holdings and independent nonexecutive director at Real Africa Holdings.

She was previously CFO at SAA and at Wiphold. She served as the CFO, president and executive vicepresident of SAA. Ramano served as president of the African Women Chartered Accountants. She also served as portfolio manager and head of the Institute of Excellence at RMB Asset Management and headed the asset and liability division of national treasury. She was instrumental in the listing of

Christine Ramon is an executive director and CFO at AngloGold Ashanti. She was previously executive director and CFO at Sasol. She also served as CEO and financial director at Johnnic Holdings. She has served on a number of boards. Ramon is nonexecutive director of Lafarge and MTN Group. She serves as deputy chair of the Financial Reporting Standards Council of SA and serves on the advisory committee of the JSE. She has previously served on the boards of Transnet and Johnnic Communications. She was nominated as a Young Global Leader by the World Economic Forum. She

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Telkom on the JSE and NYSE and enforcing the payment of R10bn in dividends by public entities to government. She is executive director of Wipcapital, Old Mutual Investment Group Property Investments and Sasol Mining. She holds a BA from the University of Lesotho and an MA from the University of Ghana. She has a BCom accounting and a post-graduate diploma in accounting from the University of Cape Town, a certificate in executive leadership development from Harvard Business School and is a registered chartered accountant.

served as an audit manager at Coopers & Lybrand in Umtata and in Verona, Italy. She later became deputy director at the Independent Electoral Commission. She serves as chair of Autopax Passenger Services and deputy chair of the Financial Reporting Standards Council of SA. Ramon is a director of Tsogo Investment Holdings and a few other corporate entities. She is a chartered accountant. Ramon holds a BA accounting science (Hons) from the University of SA. She completed the senior executive programme at Harvard Business School in conjunction with Wits Business School.

October 19 2017

BUSINESS LEADERS

Diale Rangaka

Zyda Rylands

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Diale Rangaka is the founder of M’hudi Wines. He was previously director of public relations at the North West University and principal at the University of Johannesburg (Soweto campus).

M’hudi Wines, which he cofounded with his wife Malmsey, is SA’s first wholly black-owned wine tourism farm. The name M’hudi is derived from the Setswana word “Mohudi”, meaning “harvester”. A novel by Sol Plaatje of the same name, the first novel written by a black South African and published in English, was the inspiration behind the name. M’hudi Wines’ success is down to the hard work of the

Zyda Rylands is the CEO of Woolworths SA. Born and educated in Cape Town, Rylands completed a BCom degree at the University of Cape Town and a BCom (Hons) at the University of the Western Cape.

She also attended and completed Harvard University’s advanced management programme. She then completed her articles at Kessel Feinstein (Grant Thornton International) and qualified as a chartered accountant in 1993. Rylands then joined Caltex Oil (SA) as a financial analyst. During her 20 years at Woolworths, she worked as an audit manager, then rose through the ranks and in

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Rangaka family. As a young girl, Malmsey travelled to the Western Cape and saw for the first time the grapes and vines from which wine is cultivated. This made a big impact on her. The Rangakas later bought a property with a small vineyard in Stellenbosch.

Their next-door neighbour, prizewinning wine maker Jeff Grier, mentored the couple to success.

M’hudi Wines made a name overseas before it made a mark in SA. British retail giant Marks & Spencer approached M’hudi for the exclusive rights to the wines in the UK. Diale holds a BA and master’s in English literature from the University of Sussex (UK).

2006 she became the first female executive director on the Woolworths Holdings board. She was later appointed chief operating officer: support services, then as MD for Foods. During her time at Woolworths Foods, the business had 83% growth in turnover as well as 240% growth in profit. She serves as nonexecutive director in various corporates and NGOs in SA. Rylands has won various awards, including the Impumelelo/BMF Top 10 Black Business Personalities Award. In 2012 she won CEO magazine’s Most Influential Women in Business Award and a Government Award in the retail category.

October 19 2017

BUSINESS LEADERS

Sibongile Sambo

Andile Sangqu

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Sibongile Rejoice Sambo is founder and owner of SRS Aviation, the first 100% black female-owned aviation company.

Her company offers clients professional and personalised flights to destinations around the world. As a child growing up in Bushbuckridge, Sambo gazed in wonder as planes soared past and dreamt of being a passenger in one of those giant, graceful creations. However, all her attempts to be an air hostess were rejected due to her height. She had no option but to go the skills route. She holds a BAdmin degree from the University of Zululand, BAdmin (Hons) from Unisa, and attended the

advanced programme in organisational development at Unisa. She also holds a marketing certificate from the Institute of Marketing Management and attended a mining executive preparation programme at Wits. She is studying towards a master’s degree in management of technology and innovation in aviation, and is training to become a pilot. She has won several business awards, including the Black Women in Business Award in London in 2006 and the Impumelelo Top Female Entrepreneur Award in 2007. She has strategic relationships with Woman of Colour in Aviation & Aerospace in the US.

Andile Sangqu was appointed to the position of executive head of Anglo American SA (AASA) in 2015. He works with SA-based AASA business to deliver on the group’s strategy in the region, provide leadership for the group’s stakeholder relations initiatives in SA and facilitate regional alignment with the group’s central functions. He serves as an executive director on the AASA board. He has extensive commercial, mining and

stakeholder relations experience.

He was previously the group executive responsible for sustainability and risk at Impala Platinum (Implats). Before joining Implats, he was the executive director of Glencore-Xstrata SA. He is the Chamber of Mines’ vice-president and sits on its national development plan committee and held executive and nonexecutive roles at Kagiso Trust Investments. He holds a BAccSc (Hons), a BCom, and an MBL.

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October 19 2017

BUSINESS LEADERS

Victor Sekese

Mothobi Seseli

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Victor Sekese is the chief executive of SizweNtsalubaGobodo — SA’s largest black-owned accounting firm in SA. He has extensive audit and accounting experience in various key industries such as information communication technology, logistics, energy and the public sector. Under his leadership, the company has become increasingly active in various parts of the African continent and extended its footprint to the rest of the world through its international affiliation to Morison Inter-

national. Sekese is also chairman of the Senior Partners’ Forum, an interest group consisting of CEOs of major accounting firms. He is a member of the University of Pretoria Accounting Department Advisory Council, a trustee of Thuthuka Bursary Fund, a board member of the Mandela Children’s Hospital Fund, and a board member of Capital Appreciation. He is a chartered accountant who has won the Black Business Executive Circle Leadership Award and been a finalist for the CEO Global Titans Award.

Mothobi Seseli is co-founder and deputy executive chairman of Argon Asset Management, one of Southern Africa’s top performing investment management firms. He founded Argon in 2005 with zero assets under management, and in 12 years his business has grown organically and manages in excess of R32bn in client assets. Seseli has won numerous awards including Business Personality of the Year 2016 Award by the Black Management Forum (2017); Top Performing Entrepreneur of 2016 Award (14th National Business Awards); Best Financial CEO, Africa Award 2016, (The European Magazine); Best Asset Manage-

ment CEO (2016) by Global Brand Magazine; Best Asset Management CEO in SA (2016) Award by Global Business Outlook; Best Asset Management CEO in SA (2015) Award by Global Banking & Finance Review; and Best Asset Management Industry CEO in Africa (2015) awarded by IAIR. Seseli also recently set up Argon Securities, a JSE-licensed stockbroking firm. Qualifications: MA (economics) Rand Afrikaans University, IoD (SA) certified director and fellow of the IoDSA, EPGC (Stanford University Graduate School of Business) US, postgraduate diploma in global business (Oxford University) UK.

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October 19 2017

BUSINESS LEADERS

Dominic Sewela is the CEO of Barloworld Equipment southern Africa. He was instrumental in the R500m deal with Agri Sizwe Empowerment Trust.

Previously he was director of support services at Eskom and High Beam Trading. He was the founding MD at Exel Petroleum

and deputy medical director at Afgri company. Sewela was also deputy CEO at Afgri Financial Services agriculture agriculture, forestry and fisheries. He was previously deputy medical director and deputy CEO of Afgri. He has a BSc from Tuskegee University (US).

Dominic Sewela

Ajen Sita

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Ajen Sita is the CEO of EY sub-Saharan Africa. In the six years that he has been at the helm of the company, he has grown it into one of Africa’s success stories, with one African executive team, one integrated operating model across 33 countries in Africa, with 280 partners and more than 5,700 employees.

In the past year – while emerging markets experienced a slowdown — EY made its largest acquisition to date, IT advisory business

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Izazi; started implementing an investment plan of US$100m over the next five years; and achieved Top Employer Africa certification in eight countries and was among SA’s Top 10 Employers for the 10th consecutive year. He is chairman of the Thuthuka Education Upliftment Fund and a board member of Endeavour SA. The Africa Attractiveness Report that Sita commissioned in 2011 has become a benchmark in the industry.

October 19 2017

BUSINESS LEADERS

Thabang Skwambane

Nkululeko Sowazi

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Thabang Skwambane is the MD of FCB Joburg, the flagship agency within the FCB Africa group. He is a well-known social entrepreneur and businessman with a flair for successfully combining capitalist and philanthropic principles. He had no formal marketing or advertising experience, but left a successful career in banking at Standard Bank to cofound Kaelo, a health-care company focusing on HIV/Aids. He is the chairman and founder of Aluwani, formerly The Lonely Road Founda-

Nkululeko Sowazi is the chairman of Kagiso Tiso Holdings and co-founder of the Tiso Group. He is also chairman of Tiso Blackstar Group (SA) and core chairman of Tiso Investment Holdings. He has over 20 years’ experience in investment and operational management. Sowazi serves as a director of the board of Grindrod, Actom Investment Holding, Vanguard Group (Ghana) and Idwala Industrial Holdings. He also serves as a director and trustee of non-profit institutions including the Tiso Foundation, Housing for HIV Foundation Washington DC, (US), the Home Loan Guarantee

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tion, which enables rural communities to take care of orphans and vulnerable children. Skwambane is a banking veteran with 10 years’ experience in multiple jurisdictions including SA, Nigeria and the UK. Thabang left banking in 2006 to become a social entrepreneur. He holds a BCom degree from the University of Cape Town and a master’s in public administration from the Harvard Kennedy School of Government. In 2010 he was the Archbishop Desmond Tutu Leadership Fellow.

Company, Idwala Industrial Holdings and Idwala Holdings. He has served on the boards of a number of JSE-listed companies including Exxaro, Litha Healthcare Holdings and Aveng. Sowazi served as manager of Emira Property Fund.

He is a nonexecutive chairman and director of Litha Healthcare Group and was executive deputy chairman of JSE-listed African Bank Investments, independent nonexecutive director of MTN Group and holds executive positions in various companies. He holds an MA degree in Urban and Regional Planning from UCLA (US) and a BA degree from the US International University.

October 19 2017

BUSINESS LEADERS

Carmen Stevens

Carmen Stevens is a wine maker and founder of Amani Vineyards and was SA’s first black winemaker. Stevens grew up in Kraaifontein and Belhar in Cape Town. As a young girl she read Mills and Boon novels, where most of the settings involved vineyards, wine cellars or wine. This sparked the idea of her making wine one day. A friend’s uncle worked at Stellenbosch Farmers Winery, and he introduced her to winemaking. She had to study winemaking at Elsenberg College or at Stellenbosch University. At Elsenberg she was told that only white students were accepted.

However, after much persistence she was finally admitted in 1993 and graduated in 1995, the first black person to qualify as a winemaker in SA. After a few years as an assistant winemaker for Zonnebloem wines, she became winemaker for the new Tukulu brand, a black empowerment project of Distell, Africa’s leading producer and marketer of spirits, fine wines, ciders and ready-to-drink beverages. She later spent eight years at Amani Vineyards, where she won several awards, including Winemaker of the Year 2015. She donated R1.3m to the Peninsula School Feeding Association.

Serame Taukobong is commercial director of General Electric Ghana. Prior to that he was CEO of MTN Ghana, and previously MTN’s chief marketing officer. Taukobong was appointed group marketing and sales executive for MTN International in 2002, after joining from M-Net Channels, where he was marketing director. Two years after

joining MTN, he became the chief operations officer at MTN Uganda.

In 2006, he assumed the role of sales and distribution executive at MTN Irancell, and in 2009 he became the chief marketing officer of MTN SA. He also worked in strategic brand management with SA Breweries. He has a BA from the University of Cape Town.

Serame Taukobong

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October 19 2017

BUSINESS LEADERS

Timothy Tebeila

Michael Teke

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Timothy Tebeila is co-founder, chairman and CEO of Sekoko Group and ETN Group, comprising of 10 companies. He is also founder and patron of the Tim Tebeila Foundation (TTF), which has collaborative agreements with various local and international entities. Tebeila served as a trustee of the Board of Business Unity SA and was president of the National Federated Chamber of

Michael Teke is CEO of Seriti Resources Holdings. He is also president of the SA Chamber of Mines, former CEO of Optimum Coal Holdings and chairman of the Richards Bay Coal Terminal. His executive positions include board member at Rolfes Technology Holdings, executive chairman and controlling shareholder of Harmony’s Masimong mine and human resources (HR) director at Impala Platinum. He was previously vicepresident of human resources at Ingwe Collieries and at Bayer and Samancor. A former teacher, Teke joined Elida Ponds as HR officer.

He then joined BHP Billiton in

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Commerce & Industry. EY recognised him as a leading entrepreneur in 2010, where he was nominated in the World Entrepreneur Awards.

In 2011, Tebeila was named in the Top 20 Forbes Africa Person of the Year list. In 2013 he received an honorary doctorate from the Interdenominational Theological Centre for his humanitarian contribution.

2000. He is nonexecutive chairman and director of Anchor Group. He was director of Zimplats Holdings and a member of the Institute for People Management (IPM). He is deputy chairman of the University of Johannesburg.

Teke has a BA degree in education from the University of Limpopo, a BA (Hons) degree from the University of Johannesburg and an MBA from the Unisa School of Business Leadership. He completed a human resources management programme, and has a certificate in management and an advanced diploma in management from Unisa.

October 19 2017

BUSINESS LEADERS

Ciko Thomas

Fani Titi

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Ciko Thomas is the head of Nedbank’s Retail and Business Banking division. He joined Nedbank in January 2010 as group executive: group marketing, communications and corporate affairs.

Thomas has wide-ranging marketing and business experience in the financial services, consumer goods and motor industries. He joined Nedbank from Barloworld, where he was the group market-

ing director of the automotive division. Thomas was previously GM of retail banking marketing at Absa. He has also held various management positions at SA Breweries, Unilever and M-Net. He holds a BSc (Hons) from the University of Cape Town, an MBA from Wits, and completed an advanced management programme from Harvard Business School (US).

Fani Titi is the former principal partner of Tiso Group. He serves as a director and chairman of Tsiya Group. Titi was founding CEO of Kagiso Media.

He joined Anglo American’s Kumba Iron Ore board in 2012, and his tenure as chairman and nonexecutive director of the company’s board ended in September 2017. He is a nonexecutive chairman of Investec Bank, and joint chairman of Investec plc and Investec.

He is a nonexecutive director of a number of companies asso-

ciated with the Investec Group. He is also a nonexecutive director of MTN Group and chairman of the MRC Media group. He was previously nonexecutive chairman of AECI and deputy chairman of the Bidvest Group. Titi served as an independent nonexecutive director at Advtech and executive director of African Bank Investments and Exxaro Resources (formerly Kumba Resources). He holds a BSc (Hons) and a master’s in mathematics from the University of California at Berkeley and an MBA from Wits Business School.

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October 19 2017

BUSINESS LEADERS

Sim Tshabalala

Srinivasan Venkatakrishnan

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Simphiwe “Sim” Tshabalala is the CEO of Standard Bank, becoming the first black person to head one of Africa’s biggest banks.

He had been joint group CEO of Standard Bank Group since 2013. He joined the project finance division of Standard Corporate & Merchant Bank as head of structured finance in 2000, and rose through the ranks, becoming a director and MD of Stanbic SA.

In 2006 he was appointed CEO of personal and business banking SA. In 2008, he became chief executive of Standard Bank SA and Business Leadership SA, and is the chairman of the Banking Association of SA. Tshabalala holds a BA and LLB from Rhodes University, and attended the advanced management programme at Harvard University. He has a higher diploma in tax from Wits University.

Srinivasan Venkatakrishnan is the CEO of AngloGold Ashanti.He is a nonexecutive director at Exxaro Resources and an independent nonexecutive director at Unicorn Capital PNR. Venkat was CFO of AngloGold Ashanti before becoming CEO. He also served as finance director of Ashanti Goldfields from 2000 to 2004. Prior to

joining Ashanti, he served as a director in the reorganisation services division of Deloitte & Touche in London. He has been an executive director of AngloGold Ashanti since August 2005.

He holds a BCom, ACA (ICAI) from the Universidad Pontificia Comillas de Madrid (Spain), a BSc engineering (mining) and an MBA from Wits University.

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October 19 2017

BUSINESS LEADERS

Dalikaya Rain Zihlangu

Azola Zuma

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Dalikhaya Rain Zihlangu is founder and CEO of Eyabantu Resources, whose core business focus is the oil and gas, mining and property sectors. He is an independent nonexecutive director at Sentula Mining and Exxaro Resources, a member of the Southern African Institute of Mining & Metallurgy and the Engineering Council of SA, the Association of Mine Managers SA, and CEO and director at Eyabantu Capital Consortium. He is on the board of directors at Eyabantu Royale Energy. Zihlangu was pre-

viously nonexecutive director at the Petroleum Oil & Gas Corp of SA. He also served as CEO of Alexkor Soc, having started his mining career at Impala Platinum.

He later joined Vaal Reefs Gold Mining Company. In 1989 he became the second black mining engineer in SA. He received his undergraduate degree in mining engineering and an MBA from Wits University. His key expertise lies in mining, mining legislation, deal structuring, corporate governance as well as the directing of boards and board committees.

Azola Zuma is the CEO of Sanlam Investment Management.

She is CEO of the traditional asset management business, which includes the equities, fixed income, absolute return and balanced fund teams. Prior to joining Sanlam, she served as head of group strategy & business development at Vunani Fund Managers, one of the new names among black-owned asset man-

agers. She was also executive director at Vunani Fund Managers and investment banking executive at Vunani Capital. Zuma has 12 years’ experience in the industry.

She holds an MA in international business from Anglia Ruskin University in Cambridge, and an MBA in international business and management from the Hanze University in Groningen, Netherlands.

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October 19 2017

ACADEMICS

Black academics - inspiring the leaders of tomorrow SA’s tertiary institutions have been making slow progress in churning out experts in fields that were previously inaccessible to some sections of society his is the first year in which the Little Black Book features a separate section for academics. If the student protests over the past two years have illustrated anything, it is that progress in fully transforming SA’s institutions of higher learning has been inadequate.

23 years into democracy it seems to defy all reasonable expectations that far less than half of all the country’s professors are black. Even accounting for the career grooming of young academics — from undergraduate

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degree to doctorate and beyond — the lack of representational transformation on our campuses is a blight on the academic landscape. While it is obvious that funding — which is, according to the theme of this year’s Little Black Book — remains a major constraint behind effectively transforming the student cohort of the country, mirroring the political constraints pre-democracy, there are other factors that need to be addressed. The campus culture, bias of academic inquiry and framing of bodies of knowledge

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Without doubt our universities are headed for a period of substantial and irreversible change from their business models to the curricula they deliver

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still dominant in SA’s universities are patently problematic for the majority of those now attending classes, and the changes required have been given increasing amounts of attention in traditional media and across social media.

Without doubt our universities are headed for a period of substantial and irreversible change, from their business models to the curricula they deliver. As part of this change, and with the quality of education delivered to young South Africans urgently in need of attention to address and reverse the country’s slide in economic performance — it has become essential to integrate the country’s leading black academics into the Little Black Book.

From academic institutions and their role models, this is where the ideas that will change the world of tomorrow are born. It is time to recognise the trailblazers.

October 19 2017

ACADEMICS

Quarraisha Abdool Karim

Sizwe Mabizela

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Quarraisha Abdool Karim is an SA epidemiologist who was awarded SA’s highest honour, the Order of Mapungubwe, for her outstanding contribution to science research in the field of medicine. She is a professor at both the University of KwaZulu Natal and Columbia University in the US. In March 2016 she received the prestigious L’OréalUnesco Award for Women in Science, for helping to combat HIV and improving the lives of African women. Karim is a member of the Academy of Science of SA, the African Academy of Sciences and the National Academy of Medicine

in the US. In 2014 she was named winner of the 2014 TWAS-Lenovo Science Prize from the World Academy of Sciences. She is the first woman to have received the $100,000 prize. She has also received the Olusegun Obasanjo Prize of the African Academy of Sciences. She has a BSc from Wits University, a BA (Hons) in public service management (cum laude) from the University of Pretoria, an MSc from Columbia University (US), a doctorate in philosophy from the University of KwaZulu Natal and a PG diploma Ed from the University of DurbanWestville.

Sizwe Mabizela is a mathematician and vice-chancellor of Rhodes University. He previously served as deputy vice-chancellor: academic and student affairs and senior lecturer at the University of Cape Town in mathematics and applied mathematics. He obtained his MSc and BSc Hons (cum laude) in mathematics at the University of Fort Hare, where he was the recipient of the Abe Bailey Travel scholarship and the CSIR post-graduate scholarship. In 1991 he received his PhD in mathematics at the Pennsylvania State University (US) where he was the

recipient of the EOC/IIE Overseas Scholarship and the Penn StateUCT Share Fellowship. He is a professional member of many international mathematical societies including the SA, American and Japanese Mathematical Societies, and is a member of the Association of Black Scientists, Engineers & Technologists. Mabizela is the author of many publications, including Upper Semicontinuity of Parametric Projections, Set-valued Analysis. He is often invited to conduct national and international mathematical conferences and seminars.

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October 19 2017

ACADEMICS

Tshilidzi Marwala

Thebe Medupe

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Tshilidzi Marwala is the vicechancellor and principal designate at the University of Johannesburg, where he was deputy vice-chancellor for research and internationalisation and dean of engineering. He is a professor of electrical engineering and has been the Carl and Emily Fuchs chair of Systems & Control Engineering as well as the SARChI chair of systems engineering at Wits. He was a councillor of Statistics SA and on the National Advisory Council on Innovation. He is a recipient of the Order of Mapungubwe. He was the first African engineer to be awarded the President Award by the National

Research Foundation of SA. He holds a BSc in mechanical engineering (cum laude) from Case Western Reserve University (US), an MSc (University of Pretoria), a PhD from St John’s College, Cambridge (UK), completed a programme for leadership development at Harvard Business School and accountancy and finance at the National University of Singapore. He was a post-doctoral research associate at the Imperial College of Science, Technology & Medicine (UK). He has published over 300 papers and 12 books.

He was a visiting fellow at Harvard, Wolfson College, Cambridge and the University of California.

Thebe Medupe is an astrophysicist and founding director of Astronomy Africa. He is best known for his work on the Cosmic Africa project that attempts to reconcile science and myth. Medupe grew up in a poor village in Mafikeng, North West Province, without electricity, lights or television, where he sat near the fire under the African sky, listening to the elders tell traditional Setswana stories. His family made sacrifices to send him to high school in Mmabatho, where modern Western science and mathematics captured his imagination.

At the age of 17 Medupe won a Science Olympiad and was award-

ed a trip to England to visit science institutions. He later won a scholarship to study at the University of Cape Town (UCT). There he completed a first degree in physics and a master’s and doctorate in astrophysics. Medupe received his doctorate in astronomy from UCT. He is a professor at the North West University’s (NWU) Mafikeng campus, and chairman of the National Astrophysics & Space Science Programme Consortium (NASSP).

NASSP is a multi-institutional initiative aimed at producing MSc graduates in areas pertaining to astronomy, astrophysics and space science.

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October 19 2017

ACADEMICS

Thabo Msibi

Thandwa Mthembu

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Thabo Msibi is head of the University of KwaZulu Natal’s School of Education. At 34, he is the youngest dean in the country.

He has an extensive research record in highly reputable scholarly platforms. Part of his responsibilities include serving on the editorial boards of five international and local journals such as Gender and Education, Journal of LGBT Youth, Gender and Language, Perspectives in Education & Transformation in Higher Education. Msibi completed his undergraduate degree in education at the University of KwaZulu Natal, then won a scholarship to Columbia University

to do an advanced master’s degree and completed a PhD at Cambridge, courtesy of the Gates Cambridge Scholarship Programme. He is focused on changing attitudes to masculinity in SA as well as gender, homophobia and HIV/Aids. He lectures in HIV/Aids education at the University of KwaZulu Natal and observed that attitudes to homosexuality are changing among young people, but there is still a lot of prejudice, including among teachers. He also looks at how male teachers construct their sexual and professional identities in post-apartheid SA.

Thandwa Mthembu is vicechancellor and principal at the Durban University of Technology (DUT). He is an experienced academic and leader who has been in university leadership in SA for over two decades. Born and raised in KwaZulu Natal, Mthembu is a mathematician who completed his PhD in mathematics at the age of 28. He attended the University of Fort Hare where he completed his BSc (Hons) in mathematics. He did an MSc at Vanderbilt University (US) and a PhD at Wits. Prior to joining DUT, he spent 10 years as vice-chan-

cellor and principal of Central University of Technology (CUT) in the Free State. He has served in various executive positions such as vice-principal and deputy vicechancellor: partnerships and advancement at Wits; deputy vicechancellor: academic and research at the University of Durban-Westville; and as principal at the Welkom Campus of Vista University. He has published mathematics papers in international journals.

He serves as regional chairman: Central-Eastern-Southern Africa of the International Association of University Presidents.

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October 19 2017

ACADEMICS

Vhutshilo Netshituni

Mpiko Ntsekhe

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Vhutshilo Netshituni is SA’s first black paediatric oncologist. She is a consultant at Pietersburg Hospital in Polokwane, Limpopo. She did her internship and later became a medical officer at Polokwane Mankweng Hospital Complex in Limpopo, from 2006 until 2010.

She did her registrarship in paediatrics at the University of Stellenbosch. Born in Tshilafene village in Venda, Netshituni discovered her love for the medical profession while visiting her cousin at a medical campus as a young girl.

After completing matric she

enrolled for a medical degree at Sefako Makgatho Health Sciences University (formerly Medunsa) in 1999, where she completed her MBCHB in 2005. As a medical student doing rounds at hospitals, she discovered a love for working with children, which influenced her decision to specialise in paediatrics. She completed a diploma in paediatric child health in 2008.

In 2014 she completed her fellowship in paediatrics at the University of Stellenbosch. In 2016 she obtained a certificate in oncology from the College of Medicine SA (University of Stellenbosch).

Mpiko Ntsekhe is head of the cardiology division at the University of Cape Town (UCT).

He serves as the Helen & Morris Mauerberger professor and chairman of cardiology (UCT) and as head of clinical cardiology at Groote Schuur Hospital. Prior to this he was director of the Catheter Laboratory and senior consultant in the division of cardiology. He is a regular reviewer for a number of prestigious jour-

nals and also serves as an editoral board member for a few. He is a frequent speaker at local and international congresses and society meetings. He has a BA from Brown University (US); doctor of medicine (MD) from Columbia University (US); master of philosophy from UCT; PhD (UCT); FCP (SA); certificate in cardiology (SA) and is a Fellow of the American College of Cardiology (FACC).

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October 19 2017

ACADEMICS

Ntobeko Ntusi

Sefako Ramotholo

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Ntobeko Ntusi is head and chairman of the department of medicine at the University of Cape Town (UCT). Cardiovascular disease is a leading cause of death throughout the world, and Ntusi has broadened the understanding of the epidemiology, biological mechanisms and clinical outcomes in cardiomyopathies and infective and autoimmune forms of inflammatory heart disease, particularly in Africans. He obtained his BSc (Hons) in cellular and molecular biology from Haverford College (US), and an MB ChB in medicine and surgery from UCT, before completing a four-year Fellowship at the College of Physi-

cians through the Colleges of Medicine of SA. He obtained a DPhil in cardiovascular medicine at the University of Oxford, and completed his MD in cardiology at UCT. Ntusi has garnered considerable recognition as a student and as a researcher. He won the WW Smith Prize and the Howard Hughes Fellowship, both for academic distinction. While at medical school, he was awarded UCT’s Frank Forman Prize as well as the Bernard Pimstone Award (for the best research presentation by a medical student). As a registrar, he later received UCT’s Oates Award and the Medical Research Council of SA’s Specialist Award.

Sefako Ramotholo is an astrophysicist and one of the first three black astrophysicists in SA. His research interests include multiwavelength studies of blazars and pulsar-driven nebulae to unravel how these objects produce high energies, up to gamma rays. Sefako matriculated from Khukhune High School in BothaBothe, Lesotho, and obtained his BSc degree at the University of Lesotho. He received his doctorate

in astronomy from the Potchefstroom University for Christian Higher Education. In 2005, he joined the SA Astronomical Observatory (SAAO) as a post-doctoral fellow, and later a Southern African Large Telescope (SALT) astronomer. He is the head of the Telescope Operations (TOPS) Division at SAAO. He has published various journals in collaboration with other physicists around the world.

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October 19 2017

ACADEMICS

Buyisiwe Sondezi

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Buyisiwe Sondezi became the first woman in Africa to obtain a doctorate in experimental physics of highly correlated matter when she graduated at the University of Johannesburg in 2014, where she is a lecturer. She is the first born of 10 siblingsfrom Newcastle, KwaZulu Natal, where she learnt science at a rural school which had no laboratory. She graduated with a BSc in physics, chemistry and statistics.

Sondezi worked briefly as a teacher in 2003. In 2005, she lectured in fundamental physics at the then Rand Afrikaans University (now University of Johannesburg). She holds a master’s in physics,

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researching properties of solar cells. The SA Nuclear Energy Corp employed her as a scientist between 2005 and 2007. In 2007, she joined the University of Johannesburg as a lecturer. In 2009, she won the department of science & technology’s Women in Science Award and was nominated as one of Cosmopolitan magazine’s Fun and Fearless Women. In 2012 she was named one of the Mail & Guardian’s 200 Young South Africans in the Science & Technology category. She has written publications in collaboration with various physicists based around the globe.

October 19 2017

YOUTH LEADERS

Young execs finally at the high table The country’s young business leaders are changing the face of business and taking their place in the sun

or many years the connotations associated with young business executives were mostly negative — that younger people would be more prone to take unnecessary risks, be less contemplative of important strategic decisions and less well versed in the dynamics of their industries.

However, in the past two decades it has been clear that more talented and demonstrably capable young people have been finding their way to the head of the boardroom table. The simple truth is that the factors that used to act as barriers to the integration of those under 50 into executive roles have largely been removed, and factors that count in favour of having younger executives are in

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The simple truth is that the factors which used to act as barriers to the integration of those under 50 into executive roles have largely been removed FINANCIAL MAIL THE LITTLE BLACK BOOK

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the ascendancy.

In a global marketplace connected to customers online, change in every industry has accelerated beyond what any executive could have imagined just 20 years ago. Technology has rapidly reshaped the way businesses, workers and leaders not only interact but remain productive. Brands now target consumers on a highly personal level and harvest information in ways that seem to evolve from one day to the next.

New disruptive business models are also continually arriving and changing the face of markets, and these are nearly always the result of young upstarts using new technology in unpredictable and unforeseen ways.

This is not to say that older executives have been outmanoeuvred. But it is clear the barriers to the boardroom have been broken down and young executives are proving themselves.

Businesses run and managed by young people are not only competing with established players, in some cases they are threatening outdated business models all together.

October 19 2017

YOUTH LEADERS

Bruce Dube

Nkosinathi Maphumulo

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Bruce Dube is MD of Nine80 Digital Media. The 29-year-old executive’s company is a PanAfrican digital media firm that targets Africa’s youth demographic.

Nine80 Digital Media owns numerous digital media platforms ranging from reference sites, youth portals, classifieds, gaming platforms and online communities in countries such as SA, Botswana, Kenya, Nigeria and Zimbabwe. Dube’s entrepreneurial zest was inspired by his mother, who owned small businesses in the Eastern Cape. He briefly studied information technology at Unisa before moving to focus entirely on building his digital

media enterprise. In 2012 he was named one of the top 60 Global Changemakers in the World by the British Council. In 2013 he was also named one of the top five prominent young people in Africa and Latin America by the World Bank. In 2013 he was named one of the emerging leaders and speakers selected globally to attend the German Marshall Fund of the US’s Emerging Leaders Summit in Morocco. In 2014 he was nominated and selected for DHL’s Tomorrow’s Leaders Program. In 2017 he appeared on the Forbes Top 30 African Entrepreneurs To Look Out For list.

Nkosinathi Maphumulo, AKA DJ Black Coffee, is a record producer and DJ. The internationally renowned DJ began his career around 1995 and has released five albums as well as a live DVD under his Johannesburg-based record label, Soulistic Music. Durban-born Black Coffee started DJing at the age of 17. He has a band called Shana, which stands for Simply Hot And Naturally African.

He developed his skills when he studied music at the then Natal Technikon (now Durban University of Technology). Black Coffee was signed to a record company in England called Melt 2000 while he was still studying music. His biggest achievement remains the

Africa Rising DVD. He has a foundation called the DJ Black Coffee Foundation.

Awards: BET Award for Best International Act: Africa 2016; Best Deep House DJ trophy at this year’s DJ Awards, held in Ibiza 2017; SA Music Award (Sama) Album of the year 2016; Sama Best Dance Album Award 2016; Sama for Best Engineered Album of the Year 2016; DJ Award for Best Breakthrough 2015; Sama Male Artist of the year 2010; Sama Best Urban Dance Album 2010.

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October 19 2017

YOUTH LEADERS

Ludwick Marishane

Ludwick Marishane is the MD the Headboy Industries.

Marishane became SA’s youngest patent holder when he invented DryBath. All because he didn’t want to bath. He realised that welloff people liked DryBath as much for its convenience as poorer ones do for its disease-combating hygiene in the face of water scarcity. This opened a profitable third segment globally. He is project ambassador and MD at Headboy Industries. He was previously analyst intern at Goldman Sachs in London and EMEA campus ambassador at the University of Cape Town. The Google Ambassador Programme was cre-

Siyamthanda Maya

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Siyamthanda Maya is the MD of ZAS Pretroleum. Maya is a seasoned business professional in the energy sector. She was with Eskom SOC from 2002 to 2015, working her way up from a protection technician to senior manager in transmission Northern Cape Grid. During her collegiate career, Maya earned a bachelor’s degree in technology from the Cape Peninsula University of Technology. She also obtained a certificate in strategic management from the University of SA as well as a master’s in business administration from Stellenbosch University Business School. She founded ZAS

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ated in 2006 to support outstanding students in computer science and a variety of other majors such as business and marketing. He was entrepreneur in residence at Zando.co.za and tutor and mentor and head of IT at UCT’s Leo Marquard Hall Residence. He was also project manager of the university’s BMF Student Chapter. In 2012 he was named Google Zeitgeist Global Brightest Young Mind, and Best Young Entrepreneur by Forbes Africa magazine in 2015, among the many accolades he received. He holds a BA and MA and an MPhil Inclusive-Innovation from the University of Cape Town.

Petroleum with specific focus on imports of crude oil and petroleum products as well as exports of petroleum products globally. In a short time, the company grew from strength to strength, exporting fuel in its first year of operations from the Chevron refinery in collaboration with international entities. ZAS had become a crude oil importer for BPSA. Its turnover was R32m in its first year of operation, and it has had a steady increase in its trading portfolio through importation of crude oil in its second year. It continues to build relationships, developing new markets in Africa and inland SA.

October 19 2017

YOUTH LEADERS

Trevoh Noah

Rapelang Rabana

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Trevor Noah is the host of US TV The Daily Show. Noah began his career as an actor, presenter and comedian in SA. He held several television hosting roles with the SABC, and was the runner-up in their fourth season of Strictly Come Dancing in 2008.

Noah was the creator and host of Tonight with Trevor Noah on MNet and DStv. His stand-up comedy career attained international success, leading to appearances on American late-night talk shows and British panel shows. In December 2014, Noah became the senior international correspondent for The Daily Show, an Amer-

ican satirical TV news programme.

The next year, he was announced as the successor of long-time host Jon Stewart. Noah’s tenure has been favourably reviewed. He won the prestigious Emmy Award for his show, and beat big names such as Ellen Degeneres to win Best Host Award at the 2017 MTV Movie & TV Awards, a Glaad Award, and two NAACP Awards in the Literary Work category: Debut Author and Outstanding Literary Work Biography/Autobiography for his book Born a Crime. He was nominated for the Writers Guild Award. Born a Crime is a New York Times bestseller.

Rapelang Rabana is the CEO of Rekindle Learning.

She is founding CEO of Yeigo, an innovative startup that developed some of the world’s earliest mobile VoIP applications in 2006. She was previously the executive director of Nisela Capital, World Economic Forum Global Agenda Council for Software & Society. She was also with Standard Chartered Bank Botswana Education Trust, Meniko and Moro Group. She has 11 years’ experience in technology, ICT and business management with a focus

on technology, ICT, financial services and venture capital. She serves as a member of the advisory board at KnowledgeFox GmbH. She has been featured on the cover of Forbes Africa magazine and was selected as a Fast Company Maverick, and named Entrepreneur for the World by the World Entrepreneurship Forum.

She has a BA and an MSc property studies from the University of Cape Town. She also has a bachelor’s degree in business science from the University of Cape Town.

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October 19 2017

YOUTH LEADERS

Refilwe Sebothoma

Bonnke Shipalana

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Refilwe Sebothoma is founder and MD of PBM creations.

Pretoria-based PBM Creations was founded in November 2013. At the time Sebothoma was working fulltime for one of the leading mining companies in SA. The 100% black woman-owned PBM Creations manufactures and supplies personal protective equipment. Shell and PPC are two of its clients.

Sebothoma lists the sensitivity of the industry as the number one challenge to her business, which has a staff complement of 10.

Sebothoma was born and raised in a village called Wonderkop near Marikana in the North West

Bonnke Shipalana is the CEO of The Communications Firm.

He was previously brand manager for PepsiCo sub-Saharan Africa and SABMiller before that, Shipalana’s focus was to position the agency as SA’s leading integrated marketing and communication solutions agency. His diverse experience gained over the past decade within the marketing and communications world has enabled him to work on some of the country’s leading FMCG and telecommunications brands such as Standard Bank, SABMiller, PepsiCo and Cell C, which has contributed towards his understanding of brands, con-

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province. She was raised by a single parent and was inspired and motivated by her mother who worked hard to raise her children.

Sebothoma always wanted to start her own business but was not sure what business model she could follow and what product and service to offer. She approached Lonmin about her idea and was then referred to Shanduka Black Umbrellas (SBU). She visited the SBU offices in Mooinooi and discussed her idea. “Shanduka Black Umbrellas helped me to have a clear and focused business model and product and service to offer to the market.”

sumer perceptions, reputation management and maximisation of the correct communication channels to convey messages. He has vast experience in strategic marketing, brand management, reputation management, trade and sales operation, innovation and new product development. His knowledge of the industry has successfully positioned his company beyond client and industry expectations. He is a valued player with foresight, dedication and broad experience that he continues to impart to his team. Shipalana holds a BCom from the Nelson Mandela Metropolitan University.

October 19 2017

YOUTH LEADERS

Vusi Thembekwayo

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Vusi Thembekwayo is a nonexcutive director at RBA Holdings. He was previously MD of Watermark Advisory. At the age of 17, Thembekwayo was ranked 1st in Africa for motivational speaking. He has delivered speeches in four of the seven continents to over 250,000 people each year.

Motivational speakers and keynote speakers globally have come to revere his talent and humorous delivery style. Former prime minister of Australia John Howard called Thembekwayo the “rock star of public speaking” and global

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strategist Clem Sunter said he was “simply riverting”. He was awarded World’s Best Speaker, Dragon investor on the TV show Dragon’s Den, a show featuring entrepreneurs pitching their business ideas in order to secure investment finance. He holds a management advancement programme (cum laude) from Wits Business School. He also has an MAP qualification (mini-MBA) in general management expertise and exposure — focus on finance, marketing and key business functions (Wits).

October 19 2017

ADVISORY | CAPITAL | TALENT

LITTLE BLACK BOOK

2017

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October 19 2017