Our People

EXECUTIVE DIRECTORS

MARY BOMELA

Chief Executive Officer

CA (SA), MBA

Mary joined the MIC in 2010 and previously served as a Non-Executive Director from March 2008 to 2010. Before joining the MIC, Mary was the Chief Financial Officer at Freight Dynamics. Prior to this, she was an executive in the Corporate Services division of the South African Institute of Chartered Accountants. Mary also held executive positions in the resources, media, utilities and financial services sectors. She serves on the boards of a number of the company’s strategic investments. These include: Primedia, Metrofile Holdings Ltd, and DN Invest (DNI).

NCHAUPE KHAOLE

Chief Investment Officer

Bcom (Hons), MBA

Nchaupe joined MIC in 2012 after a stint with the Development Bank of Southern Africa (DBSA) as a Senior Investment Officer. Nchaupe has in excess of 15 years’ experience within private equity and corporate finance and has served as a director on the boards of a number of portfolio companies in his previous roles and continues to do so within MIC’s portfolio of companies. Nchaupe’s current role includes leading the MIC investment team and taking responsibility for the investment process (from screening to realisation) at MIC. His previous roles include the following:

Senior Investment Officer: Development Bank of Southern Africa

Private Equity and Corporate Finance Executive: Safika Holdings

Deputy MD: Tandem Capital (a private equity partnership between Safika Holdings and RMB Corvest)

Board Representation:

First National Bank (FNB), Peermont Holdings (Pty) Ltd, Universal Industries and DN Invest (DNI).

CYNTHIA PONGWENI

Chief Financial Officer

CA (SA), CA (Zimbabwe), MBA

Cynthia joined the MIC in 2008. Before joining MIC, Cynthia was an audit partner at Deloitte & Touche.

Cynthia serves on boards of Primedia, Tracker Connect and RMB Divisional Board (member).

She is also an independent non-executive director at Consol Holdings (Pty) Ltd

NON-EXECUTIVE DIRECTORS

PHUMZILE LANGENI

Independent Chair, Remco Chair, Member: IC

BCom (Honours), MCom

Phumzile joined the MIC board as a non-executive director in October 2006. She is the Executive Chairperson of Afropulse Group, a woman led Investment, Investor Relations and Corporate Advisory house.

She was the Economic Advisor to the former Honourable B P Sonjica, Minister of Minerals and Energy (DME), and also serves as President Ramaphosa’s Special Investment Envoy.

Phumzile was previously an executive director of junior platinum miner, Anooraq Resources; she is an independent non-executive Director of Imperial Holdings, Delta Property Fund and Massmart Holdings Limited.

QUINTON DICKS

IC Chair

BA, LLB, P. GrDip.Tax, LLM, MBA

Quinton Dicks joined the MIC Board in December 2016. After obtaining his first qualifications; two degrees BA Laws and BA Arts from the University of Natal in 1988, he went on to obtain a Post Graduate Diploma in Taxation in 1994, which he followed up with a Master of Laws degree from then Rand Afrikaans University in 2001. In 2004, he completed his MBA with the University of Cape Town.

Quinton is currently the Managing Director of the Johannesburg Eye Hospital. He also serves as an Independent Non-Executive Director , Chairman of the Risk and Social and Ethics Committees and a member of the Audit and Remuneration committees at Consol Holdings Limited, as well as a Non-Executive Director on Allegrow Fund in Namibia.

RAMS RAMASHIA

Member: SET & Remco

BIuris, LLB, LLM

Rams Ramashia joined the MIC Board as Non- Executive Director in December 2016.  Rams is an advocate of the High Court of South Africa and practices law as a member of the Pretoria Association of Advocates. He is also Non-Executive Chairman of Rand Refinery, one of the world’s largest precious metals refinery site. Rams is an independent non-executive director of AECI, a JSE listed company where he also serves on its Risk committee, Social and Ethics Committee, Nominations Committee and Remuneration Committee. He is also a board member of Anglo American South Africa, where he chairs the Social and ethics committee and also serves on the Risk and Audit Committee.

SIMPHIWE NANISE

Member: Remco, SET

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Simphiwe Nanise is the Chief Operating Officer at Mineworkers Investment Trust and Director at Mineworkers Recycling Services, Marula Natural Products, J B Marks Education Trust Fund, Elijah Barayi Memorial Training Centre, Numprop, JB Marks, Mineworkers Development Agency, and EBMTC.

CLIFFORD ELK

SET Chair, Member:  IC & ARC

BArch

Clifford was appointed as the first Chief Executive Officer on MIC’s founding. He was instrumental in laying the foundation for the initial phase of the company and executing many of  MIC’s landmark transactions during the period 1995 until 2003. He has since then served continuously as a non-executive director on the Board and its various sub-committees including investment, audit and socio-economic and transformation.

Clifford is a social entrepreneur, ‘creative thinker and disrupter’. He is an architect by training that has worked in the NGO, developmental and commercial sectors.

Other than serving on the MIC board, Clifford has founded and is active in a number of small businesses. He has executed programmes driving change and excellence in the public education sector, and currently manages Connect Channel, an emerging local content originator.

MAKGABO WILLIAM MABAPA

Member:  SET

Diploma in Labour Law & CPIR

Makgabo William Mabapa started his NUM service as branch chairperson at Anglo Platinum Mogalakwena section in 1994, and served in various capacities in the NUM at numerous branches until 2015 when he was elected as the Deputy General Secretary at the 15th National Congress of the NUM.

LWAZI KOYANA

ARC Chair, Member: IC

CA (SA)

Lwazi is the founder and managing director of Nations Capital Advisors (Pty) Ltd. He is a non-executive director of Mineworkers Investment Company (Pty) Ltd, Steve Biko Academic Hospital (chairman) and the South African Qualifications Authority (independent chairman of the audit committee). He is the former independent non-executive director of Afgri Ltd, SecureData and the W&RSETA. Lwazi currently serves as an independent non-executive director at the Spar Group Limited, Steve Biko Academic Hospital, the South African Qualifications Authority and the Wholesale and Retail Sector Education and Training Authority.

AMANDA DAMBUZA

Member: IC

BA

Amanda is the Chief Executive Officer of Uyandiswa; a project management consulting firm she founded 7 years ago. She is also the Founder and Director of Leadership Development Strategies, a company founded in 2016 with the purpose of mentoring, coaching, identifying talent and team development. She was until recently also the Financial Services Director of the JSE listed software organisation, Adapt IT.

Prior to founding her own companies, Amanda had spent most of her 13-year corporate career in Information Technology within the Financial Services industry. She held various senior roles at all four major banks in South Africa with her last role as a Chief Information Officer at Barclays Africa where she drove a change budget close to R1bn for the functions of the bank. This was spread across the 13 countries in Africa, including South Africa.

Her clients were the most senior Executives heading up the various Divisions within the bank. These were Finance, Compliance, Risk, Sourcing, Marketing and Corporate Affairs, Corporate Real Estate, Security, Internal Audit, Legal, Treasury and Barclays Shared Services. She drove demand management, prioritisation, execution as well as service management and support.

Her span of accountability further extended to the Technology Competency Centres of SAP, SharePoint and Reconciliations where she led multiple teams locally and internationally to deliver all IT services to the Enterprise Shared Functions.
She has solid experience as a Board member and has served as Chairperson of Grindrod Bank. She currently serves as an Independent Non-Executive Director of Redefine Properties, a leading South African-based Real Estate Investment Trust (REIT), invested in a diverse property asset platform.

CLIFFORD ELK

SET Chair, Member:  IC & ARC

BArch

Clifford was appointed as the first Chief Executive Officer on MIC’s founding. He was instrumental in laying the foundation for the initial phase of the company and executing many of  MIC’s landmark transactions during the period 1995 until 2003. He has since then served continuously as a non-executive director on the Board and its various sub-committees including investment, audit and socio-economic and transformation.

Clifford is a social entrepreneur, ‘creative thinker and disrupter’. He is an architect by training that has worked in the NGO, developmental and commercial sectors.

Other than serving on the MIC board, Clifford has founded and is active in a number of small businesses. He has executed programmes driving change and excellence in the public education sector, and currently manages Connect Channel, an emerging local content originator.

HLONELA LUPUWANA- PEMBA

Member: SET

BSocSci, MBA

Hlonela has over 20 years of experience in leadership, Executive and management roles, spanning across the Public and Private Sector. During this period she had a particular focus on SMME development in financial and non-financial support, Enterprise and Supplier Development (ESD) and BBBEE. She also has extensive experience in Policy, Governance, Advisory, Strategy Development and Implementation. Until 2020, she was the Executive for Commercial and Enterprise/Supplier Development (ESD) at the Barloworld Group responsible for ESD, Stakeholder Management, Social Impact and Empowerment.

Prior to joining the Barloworld Group, she was the Managing Director of Anglo American Zimele, a debt and equity SME fund for Anglo American SA primarily focusing on development of mining and labour sending communities. She served as the Chief Operating Officer at Department of Trade & Industry (2003-2008), and Chief Executive Officer for the Small Enterprise Development Agency (SEDA) from 2008-2013.

Hlonela was Chairperson of the Board of the Small Enterprise Finance Agency (Sefa) from 2016-2019 and was the founding Chairperson of the South African Micro Finance Apex Fund (SAMAF) from 2005-2008. She is the current Chairperson and Trustee of Balemi Trust, an ESD entity for Tiger Brands.

SHILUBA MAWELA

Member:SET, ARC

BCom (Acc), BCom (Hons), CA(SA)

Shiluba is a Chartered Accountant with over ten years’ experience in the investment and finance sector. She is currently the Secretariat Co-Lead for the National Task Force for Impacting Investing. This Task Force was instituted as a voluntary, multi-stakeholder partnership to further this effort and promote public-private coordination in growing domestic impact investment.

Additionally, Shiluba is the Managing Director of Tshiamo Impact Partners, a fund that invests in high-growth, early-stage social venture opportunities addressing education, healthcare and energy challenges on the continent. Prior to this, she was the Corporate Finance Transactor for Identity Advisory, which is a boutique corporate finance advisory firm providing corporate finance and debt advisory services to both the private and public sector including both listed and unlisted companies.

Before joining Identity Advisory, Shiluba was the Senior Project Manager for Youth Employment Service (YES) South Africa, a business-led initiative supported by the President to create more jobs for unemployed youth. She focused on stakeholder engagement and finance as well as leading fundraising activities. As the Corporate Finance Officer for the Johannesburg Stock Exchange (JSE), she supported the approval of new listings and corporate actions in terms of the JSE listing requirements.
Shiluba was Audit Senior for Ernst & Young, where she managed an audit team for a private equity real estate investment firm in New York.

She has recently been invited by the University of Cape Town to be a guest lecturer on the social impact investing module.

MANAGEMENT

NANGAMSO (NAN) MANKAI

Senior Investment Manager
CA (SA), MBA

Nan is a seasoned investment and finance professional with 16 years’ experience in audit, corporate finance, private equity, project finance, investment management and strategy development across South- and Sub-Saharan Africa.

Nan’s experience spans across all aspects in the investment lifecycle from fund-raising, analysis and post-investment management in various sectors, and she has extensive board experience having served on a number of boards and board committees in various capacities.

She currently serves as an independent board member and chairs the Audit & Risk Committee for the JSE-listed Curro Holdings Limited. She is also a volunteer on SAICA’s Legal and Compliance Committee.

Nan is extremely passionate about the development of the youth and women, something she is able to do through volunteering work at her church.

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THATO NTSEARE

Impact Investment Manager
CA (SA)

Thato started his career at Deloitte and Touche Woodmead in the financial services department and gained exposure across various sub sectors such as long-term insurance, credit providers and banking institutions, and furthermore spent a period in the Deloitte Los Angeles office.

Subsequently Thato joined a boutique management consulting firm called Step Advisory where he gained significant experience in strategy development which involved developing a strong competence in competitor, value proposition and customer segmentation analysis and development. He led a number of project teams in his previous role and has facilitated the development of strategies for a number of clients. He also honed his skills in business analysis, financial modelling, strategy facilitation and strategic communication in his previous role.

Currently he has assumed leadership of the firm’s research activities around the evolving discipline of sustainable and impact investing and is responsible for developing and growing our impact investing portfolio, where these companies are sourced and acquired based not only on their financial performance but also on their ability to address specific social objectives which we have identified. He also assists on the execution of special projects for the CEO as well as identifying areas where our investee companies are able to assist in providing unique benefits for NUM members. He is also currently studying towards a Masters in Development Finance from the University of Cape Town’s Graduate School of Business”

OREN FUCHS

Senior Stakeholder Manager
BA, MSc (DP)

Oren Fuchs is the Senior Stakeholder Manager for the Mineworkers Investment Company (MIC), which he joined in 2005.

He completed a BA in Economics and Political Science at Wits University in 1993 and then went on to study an MSc Development Planning at Wits which he completed in 1995. He also completed a Finance Certificate at GIBS in 2010.

Oren started his career in 1992 at Robin Lee Associates, a consultancy working in the development sector, and subsequently moved to the Johannesburg Metropolitan Council where he worked on urban and regional economic planning. After joining the Gauteng Treasury in 1998, he was appointed to manage setting up Blue IQ, a strategic economic infrastructure agency for the province, in 1999.

In his capacity as General Manager, Financial Viability, he was responsible for the programme management of the Newtown, Constitution Hill and Innovation Hub initiatives, as well as heading up the marketing portfolio. In 2002 Oren joined the SABC on a contract basis as Corporate Strategy Manager, where he was involved in a number of strategic initiatives such as regional television licenses and outsourcing of certain technologies within the corporation.

Oren also represents MIC’s interests on various investee boards, trusts and foundations, and heads up the marketing and corporate social responsibility portfolios.

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ZAMAMPONDO NQADOLO

Investment Analyst
CA (SA)

Zamampondo joined MIC in October 2018 as an investment analyst. Prior to joining MIC, she spent a year and half at Benguela Global Fund Managers as an equity analyst where she gained experience in building and maintaining financial models, generating detailed research reports and keeping abreast of stock market.  At Benguela she covered FMCG, Travel and entertainment and the healthcare sectors. She completed her articles at PwC in Energy, Utilities and Mining.

ZAHEER ABDULLA

Senior Investment Manager
B.Sc Ac Sci (Hons)

Zaheer Abdulla holds a Bachelor’s Degree and Honours in Actuarial Science over 10 years of corporate finance and investment management experience.

He has extensive experience across all aspects of private equity from origination to exits and joined the Mineworkers Investment Company in 2012.

Currently, Zaheer is an investment manager with the Mineworkers Investment Company (Pty) Ltd (MIC).

Zaheer started his career at Macquarie First South Securities in the Trading and Stockbroking division.

Zaheer serves on the boards of many of MIC’s strategic investments which include Tracker Connect, Vox, Multiknit and Metrofile Holdings.

LEBOHANG STOROM

Group Financial Manager
(CA) SA, MBA, MSc(Tax)

Lebohang was previously the the Group Financial Manager: Technical and Reporting & Finance Enterprise Resource Planning and Implementation Lead at AdCorp. He is a Chartered Accountant who also has a Masters of Commerce in Taxation and an MBA.

Lebohang serves on the board of Metrofile Holdings as an alternative Director.