As a credible commercial BEE partner our aim is to grow South African enterprises while contributing to the broad-based South African society and economy through social initiatives. Khulasande is deemed to be 100% black-owned, with 51% of voting rights and economic interests vested in the hands of black South Africans.
The ED Trust is a charitable trust with black beneficiaries focusing on South African economic development through educational and entrepreneurial activities.
As a BBBEE vehicle with access to our own funds and the backing of one of the most prominent investment teams in the country, Khulasande offers your enterprise a competitive advantage.
*This score was based on the 2007 BEE Codes of Good Practice
Khulasande Capital Founder & CIO
Sthembile Nkabinde
Sthembile Nkabinde is the founder of Khulasande Capital. She is a qualified chartered accountant and has 9 years auditing, corporate finance, leverage finance and private equity experience. After qualifying with PricewaterhouseCoopers, Sthembile joined the corporate finance division of Investec. She later joined the Private Capital team dealing with debt and equity funding in the unlisted space.
Investment Committee Member
Fani Titi
Fani Titi is the founding CEO of Kagiso Media and the founding chairman of the private equity firm Tiso Group. He’s currently the chairman of Investec PLC and non-executive chairman of Investec Bank Limited. Fani also serves on the board of the MTN Group and Kumba Resources.
Investment Committee Member
Stephen Koseff
Stephen Koseff is the CEO of the Investec Group, as well as non-executive director of the South African Banking Association. Stephen was former non-executive director of the Bidvest Group and the JSE, as well as former chairman of the Independent Bankers Association.
Investment Committee Member
Luyolo Poswa
Luyolo Poswa is the founder and CEO of Poswa Incorporated. He previously worked as a consultant in the debt capital markets division of Absa and as a senior legal advisor in the Investec Capital Markets division.
Investment Committee Member
Happy Masondo
Happy Masondo is currently a director at Werkmans Attorneys. She’s the former Executive Vice President – Legal Services and General Counsel at South African Airways (SAA). Happy also previously worked as the Assistant Legal Adviser to former President Nelson Mandela and sits as a Trustee on the Constitutional Court Trust. She is a Morris Zimmerman Scholar and a Thomas Franklin Fellows.
Investment Committee Member
Constance Mashaba
Constance Mashaba has been with Black Like Me Products since inception in 1985, working as Finance Manager. She took over as Managing Director in 2005. Constance has been a board member of Deutsche Bank Africa Foundation since 2009 and also serves as non-executive chairman of The Energy Company. She serves as a non-executive director of African Equity Corporation.
The Entrepreneurship Development Trust is an active and credible development vehicle for delivering innovative entrepreneurial activity and educational enrichment that contributes to South Africa’s upliftment. The value created in Khulasande will contribute towards benefiting the ED Trust and therefore uplifting its beneficiaries.
Investec Equity Partners has been delivering returns for more than ten years, with a remarkable track record of successful partnerships with respected brands and management teams across the globe. The partnership with IEP provides Khulasande access to an experienced private equity team with an extensive track record, helping Khulasande add value to its partners and enabling them to grow.
The Industrial Services Holdings Group (InServe) is the holding company of the following entities:
- Concord Cranes – Provider of mobile crane hire and rigging services (holding company of Anglo V3, Elcon Crane Hire, Castle Crane Hire and Concord Namibia)
- Goscor Group – suppliers of premium equipment including forklifts, access equipment, earthmoving and compact equipment, power products and compressors
- Prowalco – Fuel dispensing solutions to the retail, commercial and fuel storage depots
- Uni-Span -Provider of manufacturers and rental of prime scaffolding and formwork as well as the manufacturing of steel tubing.
The Entrepreneurship Development (ED) Trust’s objective is to give back to the nation by providing educational and entrepreneurial enrichment to previously disadvantaged South Africans.
Underprivileged black students who have shown potential at high school level are awarded scholarships through the University of the Witwatersrand Foundation. The scholarship students study vital skills needed for the South African economy, including medicine, engineering, actuarial science and accounting.
Promaths offers extra tuition for Grade 10, 11 and 12 learners in Soweto, helping them improve their performance in maths and science. The Promaths model, in partnership with other funders, has been expanded to over 15 clusters in South Africa.
This initiative provides students with scholarships to study at Johannesburg’s best high schools. Students who show academic excellence and financial need are identified and supported.
The ED Trust provides young and upcoming entrepreneurs with the opportunity to get exposure to other entrepreneurs and start-ups in Israel and Palestine, enabling them to develop networks that contribute to the their personal and business growth.
Latest Blog Entry - 14th April 2015
The Khulasande Team is delighted to introduce Khulasande Capital, a private equity vehicle which has been formed as a partnership between Investec’s private equity division, Investec Principal Investments, and a charitable trust set up for black beneficiaries – the Entrepreneurship Development Trust.
The team is made up of a majority of black individuals with a depth of experience across various fields, therefore making a valuable contribution to the growth of Khulasande.
If you would like to get in touch with us, please fill out all of the fields the following form.