Morris Mtombeni
(Independent Non-Executive Acting Chairman)
BProc, LLB, B Juris, MBA (Finance), PhD Fellow (UP)

Morris is currently a lecturer in the University of Pretoria’s Gordon Institute of Business Science, a governance practitioner and a mass-tech entrepreneur.

Previously, Morris pursued a two decade executive level career in financial services where he, amongst other roles, served as Chief Executive Officer ("CEO") of a large investment management business and executive director of a large insurance based financial service company.  


Morris chairs the Audit and Risk committee and serves on the Remuneration, transformation, ethics and sustainability committee

Alethea Conrad
(Independent Non-Executive director)
BA, LLB, Management Advancement Programme (Wits Business School), International Executive Development Programme (Wits Business School and London Business School)

Althea ("Lea") has extensive experience serving on the board of a JSE-listed company and is well skilled in scenario planning on future policies, strategy development and implementation as well as developing governance frameworks. Whilst serving on the board of Oceana, Lea led the process to ensure that Oceana’s inclusion on the JSE’s Socially Responsible Investment Index was retained for 10 consecutive years. Lea also created and established the Oceana Empowerment Trust in 2006, through which more than 2 600 black employees now own 13.8 million shares in the Oceana group.

Lea is a member of the Institute of Directors of Southern Africa

Lea chairs the Remuneration, transformation, ethics and sustainability committee

Nonzukiso Siyotula (“Zukie”)
(Independent Non-Executive director)
CA(SA), MBA (Gordon Institute of Business Science) Executive Leadership Programmes at INSEAD, Harvard Business School and Oxford Business School.

Zukie was CEO of Thebe Capital at Thebe Investment Corporation where she was responsible for managing a portfolio of strategic investments. Prior to joining the Thebe Group, Zukie held various senior positions at the Barclays Africa Group, Old Mutual Retail Mass, Royal Bafokeng Holdings and South African Breweries.

Zukie serves on the Audit and Risk committee.

Mahlatse Kabi
(Independent Non-Executive director)
CA (SA), BCom (Wits) Bachelor of Accounting Science (Honours), MBA (GIBS).

Mahlatse has over 22 years' experience in management of which 14 years was in finance and the remainder in investments and structuring of BEE transactions. She is the Chief Financial Officer of the Gordon Institute of Business Science. She has held senior finance positions at Standard Bank, South African Breweries and Multichoice SA before joining Mineworkers Investment Company ("MIC") in 2005 to establish the finance function.

She later joined the Investment Transaction team as a Senior Investment Manager involved in investment execution - deal origination, transaction structuring, due diligence, valuations, strategic oversight, divestitures, performance monitoring and reporting.

She currently serves on the boards of Stangen Insurance Company, Verimark Limited, JM Busha Asset Management Company and Rand Water Foundation. She previously served on the boards and sub-committees of various portfolio companies of MIC.

Mahlatse serves on the Audit and Risk committee

Mathura
(Independent Non-Executive director)
CA(SA), BCom (Honours,) PGD and MBA.

Reshma has over 18 years' experience in financial management. She is the executive Director of Finance at Unisa, where her responsibilities cover all aspects of financial management including financial planning, asset management, governance and compliance as well as financial reporting. Prior to joining Unisa, Reshma served as the Chief Financial Officer for the National Regulator for Compulsory Specifications for more than four years. Reshma also worked as a senior manager at the Road Accident Fund and director for financial control services at the Department of Defence and the SA Police Services. .

Reshma is chair of the Audit and Risk committee

Samuel Sithole ("Sam")
(Non-Executive director)
CA(ZIM), Leadership Development from Harvard Business School.

Sam is the CEO and co-founder of Value Capital Partners Proprietary Limited and a current shareholder in African Phoenix. Sam previously served as the Group Financial Director of Brait SE for eight years and was a member of the Brait Investment Team for five years. Before that he was the Audit Leader for the Deloitte and Touche Group.

Sam is currently a non-executive director for Allied Electronics Corporation Limited and Adcorp Holdings Limited.

He is a member of the South African Institute of Chartered Accountants, the Institute of Chartered Accountants in England and Wales and the Institute of Chartered Accountants in Zimbabwe.

Sam is Chairman of the Board's Investment Committee and serves on the Audit and Risk Committee.

Executive directors

Siya Nhlumayo
(Chief Executive Officer)
BCom, CA(SA), Post Graduate Diploma in Accounting (UCT)

Siya joined African Phoenix after a 10 year career at Medu Capital, a black-owned Private Equity firm where he was a partner and responsible for deal origination, transaction structuring and investment execution.

He spent five years at PWC, where he initially undertook his articles and later became a manager of Transaction Services. From 2010 to 2017, Siya served as the treasurer for the Southern African Venture Capital and Private Equity Association (SAVCA).

Siya is an independent non-executive director of Kunene Motor Holdings Ltd.

Shafiek Rawoot
(Chief Financial Officer)
BA Business Science; Finance Honours (UCT)
BCom ; Honours (University of KwaZulu-Natal)

Shafiek joined African Phoenix after being part of the finance team at Brait since 2008. Before that he worked as a Senior Analyst at Goldman Sachs International in London and prior to that worked with Old Mutual in Cape Town.

He undertook his articles at KPMG in 2003 and qualified as a Chartered Accountant in 2006.