Makalani Management Company
Thesele partnered with Rand Merchant Bank, Tamela Holdings and Women Development Bank Holdings to establish Makalani Holdings and, through a listing on the Johannesburg Stock Exchange, raised funds amounting to R2.5-billion from institutional investors.
Makalani sought to provide solutions to signatories to the Financial Services Charter who committed to provide capital to fund transactions aimed at black economic empowerment.
Both Thesele executive chairman Sello Moloko and executive director Thabo Leeuw were involved in the drafting of the Financial Services Charter. Their involvement in the establishment of Makalani demonstrated their commitment to ensuring that the objectives of the charter were realised.
Sello served as a non-executive director of the listed Makalani Holdings, while Thabo sat on the board of the Makalani Management Company.
Following a strategic review, we exited this investment in May 2008.