Equity Partners
Talent10 Holdings
Talent10 Holdings is an investment holding company with a diverse portfolio of assets across a variety of industries including mining, energy, agricultural processing, technology, financial services, and media. Its key investments include Exxaro (mining and renewable energy), Kinetiko Energy Ltd (gas and coal exploration), Andrada Mining (critical minerals including tin, lithium, and tungsten), Tronox (titanium oxide pigment production), Innotegy (green energy transition), Pineapple (digital insurance), IoT.nxt (B2B technology), Nthibah Pictures (film production) and Talent Digital (game development). Talent 10 is the largest shareholder in Mabele Fuels.
Founded in 2012 and headquartered in Midrand, Talent10 is majority (96.9%) black-owned, 19.8% black woman-owned, and a Level 3 BEE contributor. Talent 10 is a permanent capital vehicle with a long-term investment horizon.
Talent10’s key management include:
- Sipho Nkosi (Chairman and Co-founder). Currently serves as Director of Tronox and Sanlam, and was previously CEO of Exxaro Resources and Chairman of Sasol. Sipho founded Eyesizwe Holdings and served as CEO before its merger into Exxaro in 2006.
- Mxolisi Mgojo (Director and Co-founder). Currently serves as the President of BUSA and was previously CEO of Exxaro Resources. Mxolisi is one of the founding members of Eyesizwe Holdings.
- Dr Humphrey Mathe (Director and Co-founder). Currently serves as the independent Chairperson of Empowerment Capital and Abela Trust and was previously CEO of Scinta South Africa. Humphrey is a qualified geologist and has served various executive roles in mining companies throughout his career.
- Wayne Fitzjohn (CEO and Co-founder). Has a proven track record in originating, building, and scaling businesses across the energy, mining, technology, and financial services sectors.
- Micky Wostenholm (Director). An experienced transactor with various roles in corporate finance, leverage finance and private equity.
For more information, click here »
National Empowerment Fund
The National Empowerment Fund (NEF), established under the National Empowerment Fund Act No. 105 of 1998, serves as a pivotal institution in advancing black economic participation in South Africa. Its mission centres on being a catalyst for Broad-Based Black Economic Empowerment (B-BBEE), devising innovative investment and transformation solutions to further sustainable black economic involvement in the nation’s economy.
Upheld by legislative mandates such as the Public Finance Management Act and aligned with governance principles from sources like the King III Report, the NEF aspires to be the leader in groundbreaking transformation solutions, fostering an economically inclusive South Africa. Beyond financing, the NEF also emphasises the importance of cultivating a culture of savings and investment among black South Africans.
For more information, click here »
Central Energy Fund
Central Energy Fund (CEF) is a state-owned energy company responsible for co-ordinating and securing the supply of energy in South Africa. Its scope includes both petroleum (oil and gas) and electrical (including renewable) energy sources. The company’s mandate arises from the CEF Act (38 of 1977), and it reports to the Department of Mineral and Petroleum Resources.
CEF is the owner of several subsidiaries, including:
- PetroSA, a petroleum company involved in exploration and operating a gas-to-liquids refinery
- Petroleum Agency SA, which promotes and regulates oil and gas exploration and production
- Strategic Fuel Fund, which is responsible for acquiring, managing, and storing strategic crude oil and petroleum infrastructure and stock
For more information, click here »
Public Investment Corporation
The Public Investment Corporation (PIC) is a state-owned entity responsible for managing assets on behalf of public sector clients, the largest of which is the Government Employees Pension Fund. The PIC is governed by the Public Investment Corporation Act 2004. With over R3 trillion in assets under management, it is the largest asset manager in Africa.
The PIC invests across multiple asset classes, including fixed income, listed equities, private equity, and property. These holdings include over 10% of JSE-listed equities by value. Its Isibaya Fund focuses on unlisted investments across agriculture, mining, manufacturing, financial services, and infrastructure development.
For more information, click here »
