Prudential Investment Managers
Thesele Group has a 22% stake in Prudential Investment Managers (PIMSA), one of South Africa’s largest investment managers. As of June 2016, PIMSA manages third-party assets worth more than R200-billion.
In line with our investment philosophy to make use of opportunities with sound prospects, we first acquired 15% of PIMSA in September 2006.
A bit more than five years later, in January 2012, we acquired a further 10%, giving us an effective shareholding of 22% post the dilution (owing to the management and employee share scheme).
We continue to play a role in the key operational processes within this business, and are represented by Thabo Leeuw and Sibusiso Mthembu, who both serve on the Prudential Board.