Executive committee



    Chief executive officer
    CA(SA), BSc (Hons) Computer Science

    Vuyisa has more than 20 years’ experience in investment banking and private equity. He is a chartered accountant by training, having served his training contract with PricewaterhouseCoopers between 1994 and 1996. He joined Deutsche Bank in 1997 where he gained investment banking experience, primarily in corporate and project finance advisory work, over a four-year period. He also served as the financial director of Worldwide African Investment Holdings and director at Actis LLP.



    Chief financial officer

    Frencel has more than 20 years investment management and commercial experience since qualifying as a chartered accountant in 1995. He previously held positions as head of corporate finance at the Development Bank of South Africa as well as Deputy head: Public finance at African Merchant Bank. Frencel also worked as an investment principal at Actis Africa Empowerment Fund. Immediately prior to his current position he was the chief investment officer for the National Empowerment Fund (NEF) for a period of four years where he was instrumental in the development of the NEF as an institution. Frencel was appointed as group financial director of KTI in January 2011 and became chief financial officer of KTH post the merger. Frencel serves as a non-executive director on the boards of Kagiso Media where he also chairs the audit committee. He is also a non-executive director of Juta.

Non-executive committee



    Non-executive director, non-independent Chairman
    BA (United States Int’l University), MA (UCLA)

    Nkululeko is the chairman of KTH and in 2001 was a co-founder of the Tiso Group.
    He is also chairman of Tiso Blackstar Group (South Africa) and co-chairman of Tiso Investment Holdings. He has over 20 years’ experience in investment and operational management. Nkululeko serves as a director on the boards of Grindrod, Actom Investment Holdings, Vanguard Group (Ghana) and Idwala Industrial Holdings. He also serves as a director and trustee on a few not-for-profit institutions including the Tiso Foundation, Housing for HiV Foundation (Washington DC) and the Home Loan Guarantee Company. He has previously served on a number of JSE listed companies including Exxaro, Litha Healthcare Holdings and Aveng.



    Non-executive director, non-independent
    BSc (Econs) Hons (London School of Economics), Diplome de Langue et de Civilisation (La Sorbonne, Universite de Paris)

    David is co-chairman of Tiso Investment Holdings, a co-founder of the Tiso Group and served as its group managing director. He is a former director of Chase Manhattan, London; head of the Chase Manhattan Bank, Southern Africa; executive director of Robert Fleming South Africa; and head of Africa Corporate Finance at JP Morgan. He currently serves as a non-executive director of KTH, and chairman of its Investment Committee. He also serves as a non-executive director of Nedbank and Nedbank Group Limited.
    His experience spans 25 years in executive management and investment banking, and includes principal investing, corporate and project finance advisory work, debt capital raising, and financial derivatives in a number of countries predominantly in Africa and Europe. He previously served on the boards of a number of South African, Nigerian and Ghanaian companies. He is a founder trustee of the TisoFoundation, and a World Fellow of the Duke of Edinburgh’s International Award.



    Non-executive director, non-independent
    BAcc (Hons); CA (SA); H Dip (Tax)

    Jan joined Remgro 13 years ago as a tax manager and was subsequently appointed as investment manager for the last nine years. He previously worked for UBS in the UK and Ernst & Young in Cape Town. He holds directorships in Unilever South Africa Holdings, PG Group and Wispeco Holdings.



    Non-executive director, non-independent
    CA(SA), M COMM SA and International Tax

    Paballo completed his Articles at KPMG and is currently the chief finance and investment executive of KT, where his primary role is to oversee the investments of KT and its finance operations. He has been involved with KT for nearly 10 years. Paballo has recently been appointed as the chief operations officer of Kagiso Capital, an investment company that has been formed and owned 100% by KT. He serves on the boards of various businesses that KT has an interest in.



    Non-executive director, non-independent
    BA LLB (University of Witwatersrand)

    Vhonani is the founder and chief executive officer of Muvoni Technology Group (formerly Ideco Technology Group) – a black owned technology business specialising in security and forensic solutions. An admitted attorney of the High Court of South Africa, Vhonani also serves on the boards of some leading South African corporations and philanthropic organisations.



    Non-executive director, non-independent
    Diploma in theology, bachelor of theology; Honours in theology, LLB, LLB masters and certificates in Project Management, Effective Director Management and Public Finance Management Act

    Dean Zwo Nevhutalu is currently the chairperson of KT and has been involved with KT since 1986. He is a pastor by profession and has spent a number of years working as the superintendent general of the Limpopo Provincial Department of Education. He has an in-depth knowledge of the political landscape of education in South Africa. Dean Zwo has acted as chairperson of the Independent Electoral Commission in Limpopo Province, as chairperson of the Institute of Contextual Theology and Educational Aid Programme, Transvaal branch. His involvement in community programmes includes being chairperson of Ecumenical Confessing Fellowship and Educational Aid Programme. He was also involved in the monitoring of the DRC presidential elections. He is a member of the National Project Consolidate Advisory Working Group, chairperson of Kagiso Trust Consultancy and served on the boards of Transitional National Development Trust, CODESA, and Mulweli Counselling Centre.



    Non-executive director, independent
    CA(SA), MBA (Bond University), HDip Banking Law

    Babalwa is an entrepreneur, a shareholder, and the Chief Executive Officer of Sinayo Securities, a qualified Chartered Accountant and astute leader with a highly regarded business acumen. She completed the Women in Leadership Programme at Harvard University, Boston in 2008.
    She sits on Board and Audit committees of Implats and Barloworld and Group Five, amongst others. She is currently a member of an Advisory Committee appointed by the Deputy President of South Africa on Employment and Labour related matters.
    She is the former Chief Financial Officer of Safika Holdings, the former acting Chief Executive Officer of Black Business Council, and she was also the Group Chief Internal Auditor of Nedbank. Having been an audit partner at Nkonki and thereafter in Deloitte’s Financial Institutions Services Team division, her clients included banks, treasury, private equity, and stockbrokers as well as divisions of two of the bigfour banks in South Africa. She was also a lead partner in the audit of one of the leading women’s financial services groups in the country. Babalwa received a BBQ Business Visionary Award in 2008 recognising her ability to surmount the impossible by achieving success while maintaining humility and willingness to serve the people of South Africa as a mentor, guide and leader. Her contribution towards driving awareness of women in the profession has seen her earn The Star 2005 Twenty Top Women to watch as well as being selected as one of Enterprise Magazine’s 2004 Top Businesswomen of theYear.



    Non-executive director, non-independent
    BSc (Environmental Management), BSc Hons, and Msc

    Mankone Ntsaba is a management consultant and runs her own company, Tsinde Development Consultants. She is a Trustee of KT and serves as a member of the Boards of, Kagiso Shanduka Foundation Trust Advisory Board and RISIMA Housing Finance Corporation. She spent a number of years as a researcher and consultant at the CSIR. She is also a management training facilitator at the National School of Government. She was a member of the Ministerial Advisory Council at the then Department of Water Affairs and Forestry (DWAF). She has contributed to the establishment of a number of NGOs and CBOs whose purpose was to facilitate access to economic empowerment opportunities in rural areas. She is a member of the Institute of Directors (IoDSA).



    Non-executive director, independent
    B Bus Sci, MBA, B Com (Hons) in Business Data Processing

    Shams career included being an Investment analyst for Norwich Union Life Assurance (1973 – 1975) and AGM (Investments), Colonial Mutual Life (1975 – 1987). He was an executive director (Investments) of Southern Life Assoc. (1987 – 1996), and executive director of Real Africa Holdings of Real Africa Asset Management (chief executive 1996 – 2003). Shams currently serves as the non-executive chairman of Coronation Fund Managers Limited and the Centre for Proteomics and Genomics Research, and as a non-executive director of Oceana Group and Lungisa Holdings. He is a Trustee for the University of Cape Town (UCT) Foundation, Ukukhula Trust (UCT), Imvula Trust (Coronation) and a member of the Joint Investment Council at UCT.



    Non-executive director, non-independent
    BA Economics, Advanced Financial Management Diploma, Cambridge Advance Leadership Programme

    Kgotso Schoeman is currently the chief executive officer of Kagiso Capital, a new investment company KT established. He has been involved with KT for over 15 years. He successfully managed KT’s transition from being dependent on international grants from donors such as the EU, Japanese government and Swedish Development Agency, to a trust that is now self-financed through its investment company. He was responsible for managing the R260 million annual budget of KT.
    Over the years he led the design of very strategic and important programmes for KT and partner organisations. He led the team responsible for the design and implementation of the current strategy of KT, which has unlocked partnership funding agreements with the private sector and government. The two flagship programmes of KT are the R190 million partnership agreement with the Free State Education Department and the R400 million partnership agreement between Shanduka Foundation, KT and the Free State Education Department.
    Kgotso serves on the FirstRand Group board and is a member of the directors’ affairs and governance and transformation monitoring committees. He also holds directorships on the following external companies: Kagiso Activ Training, Kagiso Capital, Kagiso Enterprises Rural Private Equity Fund, KTH, Kagiso Trust Consultancy and Kagiso Trust Strategic Investments (RF).



    Non-executive director, non-independent
    BSc Engineering, MBA

    Pieter, has been a member of the management board at Remgro since 1 April 2013 and served as chief executive officer of Vodacom Group, from 2008 to 2012. Pieter serves on various boards including DarkFibre Africa, Grindrod, Grindrod Bank, Seacom and Mediclinic International Limited.