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

Daniël Vlok
(Independent Non-Executive director)
BCom, MBA

Daniel ("Danie") has worked in merchant banking for at least twenty years and also gained a wealth of experience in the banking industry whilst employed at the South African Reserve Bank for five years.

Danie served as an executive director of Real Africa Holdings, as well as on the board and committees of all its subsidiary and investment companies. In addition he served as a non- executive director on the board and committees of a number of companies operating in the banking, life assurance, asset management, technology and engineering and manufacturing industries. 


Danie serves on the Audit and Risk 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

Carmen Le Grange
(Independent Non-Executive director)
BCom, CA(SA), Post Graduate Diploma in Accountancy (Natal University)

Carmen has 22 years experience in auditing and consulting in the accounting profession and was previously a partner at PricewaterhouseCoopers Proprietary Limited (“PwC”). She has had operational responsibility for a number of partners and associate directors of PwC where her focus was the development of the strategy for growth, identification and development of resources and growing the value in the area of business resilience.

Carmen is a member of, the South African Institute of Chartered Accountants, the Independent Regulatory Board of Auditors and the Black Management Forum.

Carmen serves on the Audit and Risk 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.

Oyama Andrew Mabandla
(Independent Non-Executive director)
BA in Political Science (University of California), Juris Doctorate (Columbia University's School of Law)

Oyama joined the Johannesburg Bar as a practising advocate in January 1999 after working as an investment banker for the Union Bank of Switzerland (UBS). He was then headhunted by South African Airways as general counsel, later becoming the Deputy CEO of the airline.

He has held various positions during his career, including chairman of Vodacom Group Limited and Consol Glass Proprietary Limited, director of Group Five Limited, Mvela Group Limited, as well as a member of the JP Morgan African Advisory Board.

Oyama serves on the Board's Investment Committee as well as on the Remuneration, Transformation, Social and Ethics 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.