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ABOUT US

The SA SME Fund was established by members of the CEO Initiative - a collaboration between government, labour and business to address some of the most pressing challenges to the country's economic growth - as an avenue of support for the SME sector.

We are passionate about nurturing our country's vast entrepreneurial spirit by strengthening the local SME ecosystem, through providing much-needed capital, as well as business support and mentorship in equal measure. Where there are existing structures that are already efficient, we will support these, instead of duplicating efforts.

The Fund is a registered standalone investment vehicle managed by an executive management team, which reports to an independent board of directors. An independent investment committee is responsible for approving appropriate investable funds that will enable the SME Fund to fulfil its mandate.

BOARD OF DIRECTORS
The SME Fund is governed by a highly experienced board of directors, consisting of respected business leaders.
ADRIAN GORE
CHAIRMAN
Adrian Gore is the founder and Chief Executive Officer of the Discovery Group. He launched Discovery in South Africa in 1992, with a simple and core purpose of making people healthier and enhancing and protecting their lives. Discovery has since evolved into a diversified and multinational financial services group.
JUDY DLAMINI
Dr Judy Dlamini is the founder and executive Chairman of the Mbekani Group. She is the former Chairman of Aspen Pharmacare Limited, a JSE-listed South African pharmaceutical manufacturer with more than 60 established business operations in more than 50 countries and product distribution in more than 150 countries.
BRIAN JOFFE
Brian Joffe, the CEO of recently listed Long4Life Limited, is also the founder of the JSE listed Bidvest Group, a business he built into one of the leading corporations in South Africa. Bidfood was established as a result of the unbundling of the food-services business out of Bidvest, and Bidcorp.
LISA KLEIN
Lisa Klein is Head of M&A at Discovery Limited, in which role she led the negotiations for the establishment of Discovery’s partnerships with insurers in China, Asia, the US, Europe, Japan and Canada. She, along with Adrian Gore and Brian Joffe, have been instrumental in conceptualising and setting up the SA SME Fund.
JABU MABUZA
Jabu Mabuza is the Chairman of Eskom and Telkom SA SOC Limited, as well as the Executive Chairman of Sphere Holdings. He also serves as the chairman of the Casino Association of South Africa, and has been appointed as the Africa Chairman of the merged Anheuser-Busch InBev and SABMiller.
DANIEL MATJILA
Dr Daniel Matjila is the CEO of and Executive Director of the Public Investment Corporation of South Africa – the largest asset manager in Africa with assets under management in excess of R2 trillion, investing on behalf of the Government Employees Pension Fund. He has over 22 years’ experience in the investment management industry.
DOLLY MOKGATLE
Dolly Mokgatle is an Executive Director of Peotona Group Holdings, as well as the Chairperson for Total SA and the Unisa School of Business Leadership. She serves as non-executive director on the boards of Kumba Iron Ore and Bid Corporation. She is an attorney by training and made her mark in the field of General Human Rights.
NIGEL PAYNE
Nigel Payne is chairman of Mr Price Group, and a director of Bidvest Group, Bidcorp, JSE Limited, Vukile Property Fund and BSi Steel. He generally chairs the risk committees of these companies. He is also a director of unlisted companies, including PPS Insurance, PPS Investments and Strate.
CHRISTO WIESE
Christo Wiese is the chairman of Pepkor Holdings and Shoprite Holdings. He holds significant interests in Brait SE, Steinhoff International Holdings, Tradehold and Invicta Holdings. He is the former chairman of the Industrial Corporation of South Africa.
EXECUTIVE MANAGEMENT TEAM
The Executive Management team is responsible for the day-to-day activities of the Fund, including due diligence of potential investable funds, monitoring of funds and investee companies, reporting on the Fund's performance and driving the non-investment initiatives.
THIRU PATHER
INVESTMENT PRINCIPAL
OLWETHU MAFANYA
INVESTMENT PRINCIPAL
DINILESIZWE GEYA
ASSOCIATE PRINCIPAL
CARYN WINTER
FINANCIAL DIRECTOR
INVESTMENT COMMITTEE
An independent investment committee has been established to evaluate potential investment funds and opportunities on a regular basis. These individuals have extensive private equity and SME experience.
GLORIA MAMBA
Gloria Mamba is a highly experienced investment professional who has worked with USAID, African Development Bank, International Finance Corporation, and other Development Finance Institutions.
NAZEEM MARTIN
Nazeem Martin is a former CEO of Business Partners with more than 18 years of experience in providing risk finance (capital) and mentorship, technical assistance and business premises exclusively to SMEs, on scale.
ANDRE ROUX
Andre Roux is the founder and former CEO of Ethos Private Equity. André is currently the Deputy Chairman of Ethos and Chairman of the African Council of the Emerging Markets Private Equity Association.
OUR STAKEHOLDERS

More than 50 listed businesses, as well as a number of government-mandated institutional funds, have committed approximately R1.4 billion to the SME Fund. Contributions were made according to the businesses' market capitalisation and is voluntary in nature.

Real capital preservation is our benchmark return for the Fund, and as it is operated as a commercial fund, we aim to provide our investors with market-related returns over time.

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