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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

Tshepiso POHO
Chairman of the Board, Member: IC
CA(SA)

Tshepiso is a Chartered Accountant (SA) and experienced director, having previously chaired the Risk Management Committee for the Public Protector SA as well as sitting on several Audit & Risk Committees including the South African Council for Architectural Profession (SACAP). Tshepiso is a council member of the Performing Arts Centre of the Free State (Ministerial appointment), the flagship of theatre activities in the Free State. Tshepiso’s current boards/subcommittees include Mineworkers Investment Trust (Audit Committee Chairman), Competition Tribunal ( Audit & Risk Committee Chairman), South African Heritage Resources Agency (Council members), and Bonitas Medical Fund (Deputy Chairman of the Audit & Risk Committee).

Colman MPHAHLELE
Deputy Chairman, Member: ARC, IC
NDip, BBus

Colman Mphahlele is the Founder and Executive Chairman of Mashcorp2008 (Pty) Ltd, an IT Consulting, Services and Advisory company. Colman has over 20 years of experience in Management and Leadership positions, having served as an IT Manager for the Democratic Nursing Organisation of South Africa (DENOSA), National Union of Mineworkers (NUM), Onderstepoort Biological Products (SOC) and South African National Space Agency (SANSA).

Colman holds a National Diploma in Computer Systems and a Bachelor’s Degree in Business Information Systems – both from Tshwane University of Technology.

Carmen MPELWANE
Chair: ARC, Member: IC
CA,CFA

Carmen holds a Bachelor of Business Science with Finance Honours and a Postgraduate Diploma in Accounting from the University of Cape Town. She is a Chartered Accountant and a CFA Charterholder. Her professional journey began at Deloitte, where she completed her accounting articles, focusing on the finance sector, before transitioning into the investments sector.


Carmen’s career is marked by her roles as a credit analyst, investment analyst, and portfolio manager responsible for various equity portfolios. Her investment coverage spans both global markets and South African equities, working with multinational and local asset management firms over the past 17 years. She has specialised in sectors such as mining and resources, healthcare, food, and apparel retailers.


Carmen is currently an independent consultant as well as undertaking the role of non-executive director on various boards and as the chairperson of audit committees.

Koketso MABE
Chair: IC, Member: ARC
BAccSci

Koketso has been working in investment banking and asset management for 21 years in various capacities. His last position was as the Executive Head of Private Equity and Structured Investment Products at the Public Investment Corporation, the largest asset manager in Africa with R2.0 trillion or US$160 billion under management. Koketso oversaw a portfolio of approximately 12.5% of PIC’s assets under management i.e. R250bn in Alternative Asset in Sub-Saharan Africa. He formed part of PIC’s top management serving as a member of EXCO, Portfolio Management Committees and Valuations Committee. Koketso has strong board experience where he drives value creation for investors, he is currently a board member of the following companies: Afgri Group & Rand Mutual Assurance. He was previously a board member of the following: Bayport Management Ltd, Ethos Fund VI, Medu Fund II & III, Menlyn Maine Investment Holdings.


Koketso Mabe holds a Bachelor in Insurance & Actuarial Science.

Carol ROSKRUGE
Chair: SET, Member: ARC
BArch

Ms Carol Roskruge has more than 14 years board experience, proven leadership capability and extensive experience in Strategy, Finance, Audit & Risk Management, Human Resource. She is an entrepreneur, with more than 20 years business and general management experience gained at senior management and executive levels, with a long track record of operational and strategic leadership. She is the Owner and Managing Director of Imi Mat (Pty) Ltd, a project management agency offering capacity and solutions in supply chain, commercial, risk management, investments, finance and ICT. She also manages her two investment companies which has interests in Information Technology, Home Decor and Beauty. She has also co-founded, Link-Vantage Supply Chain Solutions, a company that offers Supply Chain Services to the FMCG sector.


Prior to venturing into the entrepreneurial space, Carol held a number of Executive roles leading and driving Innovation, Supply Chain Risk and Transformation Projects, B-BBEE and Supplier Diversity, Value Engineering, Route-to-Market Planning and Execution at various private sector companies. Carol has a Bachelor of Science Honors (Bsc Hon)-Biotechnology, Masters of Science (Msc) – Biochemical Engineering and a Masters of Business Leadership (MBL) – Finance and Corporate Governance.

Desmond MFULOANE
Chair: RemCom, Member: SET
BTech, Ndip

Desmond has over three decades of experience in various leadership roles within the public and private sectors. His academic credentials include a Postgraduate Diploma in Labour Law from the University of Johannesburg (UJ), a Certificate in Practical Labour Law from the University of Cape Town (UCT), a BTech Degree in Human Resource Management from CUT’s Free State Campus, an NDip in HRM & Practices from Maccauvlei Learning Academy, and a National Certificate in HRM & Practices from the same institution. He completed his secondary education at Rauwane Sepeng High School in 1987.

Desmon’s career commenced in 1988 at Anglo Platinum – Precious Metal Refiners, where he began as a Process Controller. His leadership capabilities saw him elected to serve as the Regional Health & Safety Secretary from 2000 to 2005, and as the Regional Secretary and NEC Member from 2006 to 2009, and again from 2015 to 2017.

Desmond’s career is marked by a steadfast commitment to fostering equitable labour practices, promoting health and safety standards, and driving organizational excellence. His extensive experience and dedication to ethical leadership make him an invaluable asset to any organization he serves.

Mtho XULU
Member: SET, RemCom
LLB, LLM

Adv. Mtho Xulu holds a Bachelor of Laws (LLB) degree and a Master of Laws (LLM) degree from the University of South Africa (UNISA). His areas of specialization include Commercial Law and Corporate Governance. After completing his LLB degree, Adv. Xulu was admitted as an Advocate of the High Court of South Africa in 2011. As a National Business leader, he holds the positions as the founding CEO and director of JSX Investments (Pty) Ltd (an investment holding company with business interests in 8 economic sectors in South Africa), President of the South African Chamber of Commerce and Industry (SACCI), Member of the Institute of Directors in South Africa (IoDSA) and Chairman of the BRICS Business Council Trade and Investment Working Group. He is a former director of the Small Enterprise Development Agency (SEDA) and Business Unity South Africa (BUSA).

Lentswe GOPANE
Member: IC, RemCom
Bcom (Hons), Bcom

Lentswe is an Executive Director at Legacy Africa Fund Managers; a Non-Executive Director at Legacy Africa Capital Partners, Legacy Africa Multi Strategies, Legacy Africa A Property Partners and Kelpack Manufacturing. He is also an Investment Committee member of Legacy Africa Capital Partners Fund I and Legacy Africa Property Fund.

Lentswe has 22 years of experience in the financial services industry, including 17 in the distribution of investment products to institutional clients having also worked at Alexander Forbes, Lekana Benefits Solutions and Old Mutual prior to Legacy Africa Fund Managers.

Lentswe has a Bachelor of Commerce (Business Informatics), Bachelor of Commerce (Honours in Financial Analysis & Portfolio Management) and Bachelor of Science (Agricultural Science).

Ntebo NKOENYANE
Member: ARC, SET
LLB, LLM

As a professional attorney with over 23 years’ experience, Ntebo has worked for some of South Africa’s leading blue-chip companies. Her industry peers describe her as a highly accomplished attorney who has had experience across all facets of business, amongst which the ability to work in high-pressure environments and deliver world-class outcomes. Her technical expertise is one of her top talents and she is regularly called upon by C-suite executives to provide highly complex solutions on legal matters. She has been involved in establishing large compliance and legal divisions within highly complex environments. She has dealt with stakeholders across the entire business landscape and established policy frameworks that remain in place. Her skills vary from providing opinions on legal matters at a strategic level to more technical legal aspects such commercial contracts, compliance and risk. She has an LLB and LLM.

Bongisizwe MPONDO
Member: SET, RemCom
BSc

Bongisizwe, a Social Entrepreneur, has extensive experience in the fields of transportation planning, development planning, project management and strategy development. Presently Managing Director and founder of SAFIRI (Pty) Ltd, a transportation planning company, he has served in Board positions at the Cross-Border Roads Transport Agency, the Gauteng Transport Management Agency (Freight Transport Expert) and African Tramways. Until recently served as a Non-Executive Director on the South African Airways (SAA) Board.

Prior to venturing into managing his own businesses, he was employed at the Council for Scientific and Industrial Research (CSIR – Transportek), the Gauteng Provincial Government’s Office of the Premier (Director for Growth & Development) and the Road Freight Association (Policy and Regulation Head). Amongst his various activities, he is also a co-founder of the Institute for Transport & Sustainable Development (ITSD) whose major objective is to provide sustainable transport solutions. His portfolio of projects range from Freight & Public Transport Plans, Freight Databanks & Freight Logistics Hubs amongst others. Awards he has received include the 2001 CSIR: Transportek Outstanding Achievers Team Award, the 2002 CSIR: Transportek Young Professional Award and a nomination for the 2003 CSIR Young Professional Award. He is also the co-author of numerous works in the transportation field.
Bongisizwe has a University of the Witwatersrand: Bachelor of Science (Hons), Town & Regional Planning.

Nomathemba THEMBA
Member: SET, RemCom
BSc(Hons), MSc, PHD

Dr. Nomathemba Themba is an accomplished Non-Executive Director and seasoned professional with over 20 years of experience in environmental science, sustainability, and governance. She holds a Doctor of Philosophy in Environmental Science, a Master of Science, and an Honours degree, and has a proven track record in strategic leadership, policy development, and driving impactful environmental and social initiatives.


Themba previously served as the Managing Director of Enhle Consultancy, a safety and environmental consulting firm she founded and successfully led, as well as Managing Director of Ntate Aviation and Security, a training company specializing in aviation training and consulting. She has also served on the advisory board for Vaal University of Technology and held various management and executive positions across industries, including steel manufacturing, aviation, and waste treatment facilities.


As the current Editor-in-Chief of the Global Journal of Environmental and Sustainability Sciences (GJESS), Nomathemba oversees business development, sustainability initiatives, and funding acquisition while championing groundbreaking research in sustainability and environmental science. This role further solidifies her reputation as a thought leader in the field.

Oren FUCHS
Group Stakeholder Manager
BA, MSc (DP)

Oren Fuchs is Group Stakeholder Manager for the Mineworkers Investment Company (‘MIC’), which he joined in 2005. He has extensive experience in development and corporate social investment work, communications and stakeholder management, as well as transformation, having worked in both the public and private sectors. He holds a BA degree in Economics and Political Science, an MSc Development Planning from WITS, as well as a post graduate certificate in Finance from GIBS.


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, including MIC Capital Partners, Yebo Yethu, FirstRand Empowerment Foundation, and the Peermont trusts, as well as heading up the marketing, communications and corporate social responsibility portfolios.

Zamampondo NQADOLO
Investment Manager
BCom (Hons) CA (SA)

Zamampondo Nqadolo is currently an investment manager at Mineworkers Investment Company (Pty) Ltd and contributes to the growth and diversification of the company’s portfolio across various sectors and industries. She has 10 years’ experience spanning across private equity, asset management and audit She is responsible for deal origination, deal execution and post-transaction portfolio management. She serves as a non-executive director on Digital Ecosystems (Subsidiary of DNI Group) and African Marine Solutions (AMSOL). She previously served on the board of Switch Mobile (Subsidiary of DNI Group) and was a board observer on Ster Kinekor Theatres. She is a qualified chartered accountant having completed her articles at PriceWaterhouseCoopers (PwC) in 2016. She holds BCom (Hons) and BCom degree from University of Johannesburg.

Zaheer ABDULLA
Senior Investment Manager
B.Sc Ac Sci (Hons)

Zaheer is a seasoned investment professional having spent many years originating, managing and growing businesses in South Africa. He holds various non-executive board directorship on listed and unlisted boards, and has been actively involved in driving companies strategy and performance.

Zaheer started his career at Macquarie First South as an investment banker and moved into private equity with the Mineworkers Investment Company. He serves on the boards of many of MIC’s strategic investments which include Tracker, Vox and Multiknit. He previously served on the board of General Electric Southern Africa Technologies, Metrofile Holdings and Nimble Advisory.

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.

Tebogo MOGADIME
Investment Manager
BCom; BCompt (Hons); CIMA Adv Dip MA

Tebogo is an experienced finance professional with a demonstrated history of success in banking, professional services, other financial services, and telecommunications. She has over 10 years’ experience in various strategic and advisory roles, including leveraged finance, pre- and post-transaction management. Tebogo has successfully led management consulting and corporate transaction teams in previous years, and is a founder of Millemo Group, a strategy and consulting company.

Tebogo holds a Bachelor of Commerce in Financial Accounting from UCT; a Bachelor of Accounting Sciences Honours in Management Accounting from Unisa; and an Advanced Diploma in Management Accounting from CIMA.

Mthabisi NCUBE
Investment Analyst
(BAcc), (CTA), CA(SA)

Mthabisi holds a Bachelor of Accounting Science (BAcc) degree and a Postgraduate Diploma in Accounting Sciences (CTA), and is a qualified CA(SA).

He brings over seven years of audit and corporate finance experience, with strong expertise in M&A, valuations, and capital markets analysis.

His track record includes building robust financial models, supporting live transactions, and preparing JSE-compliant fairness reports across multiple sectors.

Siyabonga SHANDU
Senior Investment Manager
CA (SA)

Siyabonga completed his articles at EY after which he joined Standard Bank’s Corporate Finance team. He then joined an Africa-focused investment holding company, working closely with the CFO on a USD 100m fundraise and gaining exposure to the primary agriculture and agri-processing sectors. After a period of consulting which included a CFO role for a logistics company, he moved to PSG Capital. At PSG Capital Siyabonga built and led the Corporate Finance Advisory division in Johannesburg. In addition to leading the team, Siyabonga was responsible for business development, deal execution as well as stakeholder engagement and management.