• Welcome to African Phoenix Investments Limited

About us

African Phoenix is an investment holding company that is closely aligned to the Peresec Group.

It had a rich history as a Johannesburg Stock Exchange (JSE) Limited listed company, until it was de-listed from the exchange on 29 June 2020.


Investment strategy

The Company's primary aim is to create and sustain long-term value and to invest in assets over a three to five year horizon.

The Company will have a primary investment focus of a portfolio of equity interests in listed and unlisted companies with achieving above average returns.

It will have a secondary investment focus of holding cash, bonds, debt instruments, derivatives, collateralised notes and fund participations.

The company is not expected to pay any dividends before June 2024.



Board of directors


Oyama Mabandla
EXECUTIVE CHAIRPERSON

Oyama joined the Johannesburg Bar as a practicing advocate in January 1999, after working as an investment banker for the Union Bank of Switzerland. 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 board chairperson at both Vodacom Group Limited and Consol Glass Proprietary Limited; director of Group Five Limited and Mvela Group Limited; and as a member of the JP Morgan African Advisory Board. Oyama is currently a Director of Peresec Prime Brokers Pty Limited.



Andrew Hannington
EXECUTIVE DIRECTOR / CHIEF FINANCIAL OFFICER

Andrew is CEO of enX Group and CFO of Zarclear Holdings Limited as well as a non-executive director of Texton Property Fund Limited. Furthermore, Andrew is an independent corporate consultant and advises a number of non-profit organisations in the religious and education sectors. Previously Andrew was CEO of Grant Thornton in Johannesburg, and prior to that CEO and National Chairman of PKF. He was a member of the South African Institute of Chartered Accountants Senior Partners Committee and during his career acted as the reporting accountant on several JSE listings.



Warren Chapman
EXECUTIVE DIRECTOR

Warren is the CEO of Peresec South Africa, which was formerly Peregrine Securities. He has been part of the same group since 1999 and has substantial experience in listed markets, derivatives, hedge funds and financial technology. He has steered Peresec to become one of the largest brokers on the JSE and is committed to the development and well-being of South African capital markets.



Mr Neal Steffan Sennett ("Nick")
INDEPENDENT NON_EXECUTIVE DIRECTOR

Nick is the founder and current Chief Investment Officer at Colourfield Liability Solutions (Pty) Ltd, a liability driven asset management company that has over R 600 billion in assets under its management. Nick has extensive experience in the financial services sector and has previously held positions of Head of Treasury at African Merchant Bank, Head of Interest Rate Deriva

Nick previously lectured Actuarial Sciences and Statistics at the University of Witwatersrand and is a fellow at the Faculty of Actuaries in Scotland.



Noah Nookalu Gungia Naidoo
INDEPENDENT NON_EXECUTIVE DIRECTOR

Noah has lived, studied and worked locally and abroad. Noah obtained scholarships to Harvard Business School and Carl Duisberg Gesellschaft (Institute) in Germany. His qualifications include BSc, BCom, MBL, Management Development Programme (Germany) and AMP Harvard. Noah has extensive executive and board experience at both Corporate and NPOs.

Noah previously was a director at Tongaat Hulett and sat on Divisional Board. He served as the CEO for a diversified holding company in the Middle East with turnover in excess of US $ 500million and was previously employed as senior Director at both Standard Bank and ABSA/Barclays Africa. Very good understanding of regulatory and King Code of governance.

Dineo Maithufi
INDEPENDENT NON_EXECUTIVE DIRECTOR

Dineo is currenting the managing member of Orban Printers CC. Dineo completed her CA (SA) training contract in 2007 in the financial services sector. After qualifying as a Chartered Accountant, she moved to financial risk management where she gained extensive experience in credit risk management. Dineo's core expertise lie in finance, audit, compliance, and risk management. Dineo has served as non-executive Director on a number of boards including Litsamaiso (Pty) Ltd and the Rea Vaya Bus Operating Company. She currently serves as Audit Committee Chairperson on the Board of the Gauteng Enterprise Propeller.




Memorandum of Incorporation


Investor relations

IR Contact:

cosec@phoenixinvestments.co.za
B-BBEE Certificate

B-BBEE Annual Compliance Report



Announcements
  24th December 2019 - Disclosure of beneficial interest in securities  (67.7k)
  24th December 2019 - Dealings in Securities by an Associate of a Director  (61.1k)
  18th December 2019 - Update to small related party transaction  (80.6k)
  11th December 2019 - Annual financial statements 2019  (935.2k)
  11th December 2019 - Condensed consolidated financial results for the year ended 30 September 2019  (243.6k)
  3rd December 2019 - Distribution to shareholders  (156k)
  3rd December 2019 - Proposed merger and cautionary announcement  (214.7k)
  18th November 2019 - Changes to the board of directors  (106.3k)
  14th November 2019 - Results of extraordinary general meeting of shareholders and change to the board  (271k)
  7th November 2019 - Changes to board of directors  (132.7k)
  5th November 2019 - Dealings in securities by an associate of a Director  (60k)
  14th October 2019 - Shareholder Meeting Notice  (2.4m)
  14th October 2019 - Distribution of notice  (92.6k)
  1st October 2019 - Disposal of Stangen update  (58.7k)
  20th September 2019 - Dealings in securities by an associate of a Director  (107.1k)
  13th September 2019 - Demand for meeting of shareholders  (0b)
  11th September 2019 - Appraisal Rights update  (93.2k)
  5th September 2019 - Quarterly update as at 30 June 2019  (214.6k)
  16th August 2019 - Change to the Board  (225.2k)
  7th August 2019 - Dealings In Securities By An Associate Of A Director And Disclosure Of Beneficial Interest In Securities  (116.8k)
  7th August 2019 - Change to board of directors- resignation of director  (108.4k)
  2nd August 2019 - Appraisal rights update- Notice of motion to oppose  (61.2k)
  24th July 2019 - Appraisal Rights update  (188.1k)
  24th July 2019 - Disclosure of beneficial interest in securities  (291.2k)
  16th July 2019 - Availability of B-BBEE Annual Compliance Report  (104.4k)
  28th June 2019 - African Phoenix disposes of Stangen  (70.2k)
  12th June 2019 - Changes to board of directors  (86.7k)
  7th June 2019 - Scheme repurchase finalisation announcement and timetable  (71k)
  5th June 2019 - Further update on the proposed transactions – Scheme repurchase court approval  (89.4k)
  4th June 2019 - Reviewed Condensed Consolidated Interim Financial Statements for six months ended 31 March 2019  (3m)
  29th May 2019 - African Phoenix appoints Thiru Pather to the board  (83.2k)
  9th May 2019 - Establishment of the API Capital Fund  (103.8k)
  5th April 2019 - Further update on proposed transactions  (19.3k)
  4th April 2019 - Further update on the proposed transactions  (19.8k)
  4th April 2019 - Notice of motion  (25.5k)
  29th March 2019 - Update on proposed transactions  (71.7k)
  26th March 2019 - Update on the proposed transactions and changes to the board of directors  (130.3k)
  20th March 2019 - Results of AGM  (119.9k)
  20th March 2019 - Results of General Meeting  (83k)
  19th March 2019 - Dealings in securities by an associate of a director  (107.8k)
  15th March 2019 - Electronic participation at meetings of shareholders and supplementary frequently asked questionsQUENTLY ASKED QUESTIONS  (17.4k)
  14th March 2019 - Dealings in securities by an associate of a director  (110.6k)
  4th March 2019 - Dealings in securities by an associate of a director  (287.2k)
  27th February 2019 - Dealings in securities by an associate of a director  (63.5k)
  22nd February 2019 - Dealings in securities by an associate of a director  (88.8k)
  22nd February 2019 - Disclosure of beneficial interest in securities  (79.4k)
  18th February 2019 - SENS Proposed transactions to preference and ordinary shareholders  (442.5k)
  18th February 2019 - AGM Notice  (2m)
  31st January 2019 - Update regarding Annual General Meeting  (147.8k)
  18th January 2019 - Renewal of cautionary  (145.8k)
  13th January 2019 - Change of financial year end  (76.4k)
  1st October 2019 - Demand for meeting of shareholders–extension of date of distribution of notice  (108.5k)
Announcements
  4th December 2018 - Change of audit firm  (78.8k)
  3rd December 2018 - Renewal of cautionary  (74.8k)
  29th November 2018 - Condensed Audited Consolidated Financial Results for the year ended 30 September 2018  (200.2k)
  29th November 2018 - African Phoenix Trading Statement  (13.8k)
  22nd October 2018 - Renewal of cautionary  (145k)
  17th October 2018 - Results of AGM  (179k)
  7th September 2018 - African Phoenix voluntary transaction and cautionary announcement  (38.8k)
  16th August 2018 - African Phoenix changes to the board  (462.2k)
  6th July 2018 - Withdrawal of notice and rescheduling of annual general meeting  (11.8k)
  27th June 2018 - Reviewed condensed consolidated financial results for six month period ended 31 March 2018  (183.3k)
  18th June 2018 - Resignation of non-executive director  (250.5k)
  14th June 2018 - African Phoenix Trading Statement  (108.2k)
  29th May 2018 - APIL appoints Shafiek Rawoot as Finance Director  (252.4k)
  26th April 2018 - Notice of AGM  (13.8k)
  28th March 2018 - Notification in Terms of Section 122(3) of the Companies Act and Paragraph 3.83(b) of the JSE Listings Requirements  (146.7k)
  2nd March 2018 - Conclusion of Financial Director's tenure  (183.4k)
  1st February 2018 - APIL appoints Siyabonga Nhlumayo as CEO  (253.3k)
  31st January 2018 - Release of 2017 Integrated annual report and no change statement  (11.3k)
  16th January 2018 - Resignation of director  (249.7k)
Announcements
  8th December 2017 - Condensed audited consolidated financial results for the year ended 30 September 2017  (292.5k)
  1st December 2017 - End of CEO tenure  (181.3k)
  24th October 2017 - African Phoenix notice of acquisition of beneficial interest  (149.2k)
  22nd September 2017 - African Phoenix appointment of non-executive directors  (193k)
  20th September 2017 - African Phoenix trading statement  (249.7k)
  25th August 2017 - Morris Mthombeni appointed as Chairman of the Board  (105.4k)
  31st July 2017 - African Phoenix appoints Morris Mthombeni as Acting Chairman  (107k)
  24th July 2017 - Dealings in securities by a director  (150.4k)
  19th July 2017 - Results of African Phoenix AGM  (194.3k)
  19th July 2017 - Resignation of directors  (229.5k)
  27th June 2017 - Modification of notice to annual general meeting  (263.3k)
  23rd June 2017 - African Phoenix reviewed condensed consolidated financial results for the 6 month period ended 31 March 2017  (297.7k)
  14th June 2017 - African Phoenix notice of acquisition of beneficial interest of preference shares  (153.8k)
  14th June 2017 - African Phoenix further trading statement  (146.8k)
  12th June 2017 - African Phoenix notice of acquisition of beneficial interest  (153.8k)
  6th June 2017 - Notification in terms of Section 122(3) of Companies Act  (155.1k)
  12th April 2017 - African Phoenix withdraws cautionary  (108.4k)
  6th April 2017 - African Phoenix notice of acquisition of beneficial interest  (153.9k)
  29th March 2017 - African Phoenix appoints two new directors  (192.5k)
  14th March 2017 - African Phoenix notice of acquisition of beneficial interest  (153.8k)
  14th March 2017 - African Phoenix notice of acquisition of beneficial interest  (153.8k)
  7th March 2017 - African Phoenix notice of acquisition of beneficial interest  (153.8k)
  7th March 2017 - African Phoenix issues cautionary announcement  (108.8k)
  3rd March 2017 - Update on run-down credit life portfolio of Stangen  (249.2k)
  24th February 2017 - African Phoenix notice of disposal of beneficial interest  (153.3k)
  17th February 2017 - African Phoenix notice of acquisition of beneficial interest  (153.9k)
  16th February 2017 - African Phoenix notice of acquisition of beneficial interest  (153.8k)
  14th February 2017 - African Phoenix notice of acquisition of beneficial interest  (153.7k)
  6th February 2017 - African Phoenix notice of disposal of beneficial interest  (112.8k)
  6th February 2017 - African Phoenix notice of acquisition of beneficial interest  (153.3k)
  31st January 2017 - ABIL trading statement  (155.6k)
  24th January 2017 - Finalisation announcement in respect of the name change  (252.9k)
  3rd January 2017 - ABIL quarterly update for 31 December 2016  (384.8k)
Announcements
  21st December 2016 - Condensed Audited Financial Results for the Year Ended 30 September 2016  (510k)
  15th December 2016 - Change in function of directors  (11.3k)
  31st October 2016 - ABIL Change in function of director  (175.7k)
  3rd October 2016 - ABIL quarterly update  (348.6k)
  3rd October 2016 - ABIL changes to the board - Appointment and change in function  (199.6k)
  23rd September 2016 - ABIL name change update announcement  (119.6k)
  21st September 2016 - ABIL appointment of directors  (186.8k)
  7th September 2016 - ABIL change to the Board  (200.7k)
  6th September 2016 - ABIL results of annual general meeting  (185.6k)
  18th August 2016 - ABIL Name change announcement  (130.9k)
  12th August 2016 - ABIL corrective announcement March 2016 interim results  (196.5k)
  8th August 2016 - ABIL Notice of AGM  (16.3k)
  25th July 2016 - ABIL agreement with BEE companies  (165.1k)
  30th June 2016 - Consolidated reviewed financial results for period ended 31 March 2016  (388.3k)
  25th May 2016 - Succesful implementation and termination of business rescue proceedings  (36k)
  22nd April 2016 - Condensed audited financial results for the six month period ended 31 March 2015  (24k)
  22nd April 2016 - Condensed audited financial results for the year ended 30 September 2015  (23.5k)
  22nd April 2016 - Condensed audited financial results for the year ended 30 September 2014  (26.9k)
  16th April 2016 - ABIL creditors meeting  (21.3k)
  12th April 2016 - ABIL creditors meeting  (21.3k)
  14th March 2016 - ABIL creditors meeting  (21.2k)
  29th February 2016 - ABIL creditors meeting  (78.8k)
  24th February 2016 - Publication of Business Rescue Plan  (68.1k)
Announcements
  19th November 2015 - ABIL creditors meeting  (80.3k)
  9th September 2015 - Disposal of Stangen  (42.6k)
  31st August 2015 - Change of sponsor  (31.9k)
  6th August 2015 - Quarterly operational update for the third quarter ended 30 June 2014, changes to the board, trading statement and cautionary announcement  (26.5k)
  3rd August 2015 - Resignation of company secretary  (40.5k)
  16th July 2015 - Publication of The Standard General Insurance Company Limited (“Stangen”) annual financial statements for the year ended 30 September 2014 and the interim financial statements for the six months ended 31 March 2015  (52.1k)
  14th July 2015 - Further cautionary announcement: Sale of the entire issued equity held in the Standard General Insurance Company Limited (“Stangen”)  (38.9k)
  30th June 2015 - Quarterly update in terms of Section 1.10(c) of the JSE Listings Requirements  (43.7k)
  30th June 2015 - Cautionary announcement: Offer received for the sale of the entire issued equity held in the Standard General Insurance Company Limited (“Stangen”)  (46.9k)
  11th June 2015 - Publication of African Bank Investments Limited Results  (39.3k)
  5th June 2015 - ABIL voluntary commencement of Business Rescue  (72.7k)
  16th April 2015 - Further cautionary announcement and continued suspension of all debt securities of the Bank and equity securities of ABIL  (46.6k)
  31st March 2015 - Unaudited interim results and Preference Cash dividend declaration for the six months ended 31 March 2014  (375.7k)
  27th January 2015 - Further cautionary announcement and continued suspension of all debt securities of the Bank and equity securities of ABIL  (46.2k)


News


Results & reports


Presentations


In the media


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African Phoenix Investments Ltd
Registered office:
9th floor Bidvest Bank Building
(Katherine Towers)
1 Park Lane
Wierda Valley
Sandton
(entrance opposite 38 Weird Rd West)
Tel: +27 11 722 7330

Company Secretary
MCC Contracts Pty Ltd
9th floor, Bidvest Bank Building
(Katherine Towers)
1 Park Lane
Wierda Valley
Sandton 2196
Tel: 011 722 7330

Independent external auditor
BDO South Africa Incorporated
(Partnership practice number 905526)
Wanderers Office Park
52 Corlett Drive
Illovo 2196

Share registrars
JSE Investor Services (Registration number 2000/007239/07)

Tel: +27 11 713 0828

13th Floor, Rennie House, 19 Ameshoff Street, Braamfontein, 2001

PO Box 4844, Johannesburg, 2000, South Africa

investorservices@jse.co.za
Fax: +27 86 674 4381; 086674 1990