SOMLOLO COMPANY PROFILE · 2020-03-24 · Management. Directors Profile. 13 Directors Profile Thami...

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SOMLOLO GROUP INVESTMENT HOLDINGS COMPANY PROFILE

Transcript of SOMLOLO COMPANY PROFILE · 2020-03-24 · Management. Directors Profile. 13 Directors Profile Thami...

Page 1: SOMLOLO COMPANY PROFILE · 2020-03-24 · Management. Directors Profile. 13 Directors Profile Thami Msimango ... Advanced Capital, Safika Investment Holdings, Mion Holdings, Izingwe

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SOMLOLOGROUP INVESTMENT HOLDINGS

SOMLOLOGROUP INVESTMENT HOLDINGS

COMPANY PROFILE

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ContentsAbout Us 4

Why invest in Africa? A good

story to tell 5

Industries 6 - 8

Strategic Partners 9

Core Team10

Directors Profiles 11 - 18

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About us

We are a private company incorporated in South Africa and registered in Hongkong, started by South African black entrepreneurs with business interests in the following areas:

Transactionary advisory servicesManufacturingEnergy & MiningBuilding & constructionFood & Beverages

In a big business environment we run our company with the determination and commitment evident in a small business heart.

- Over time we have developed a strong transactionary advisory services capability for capital raising and arranging for general infrastructure and energy projects

- Our vision is to become a black owned diversified industrial and financial services group of the future invested businesses in key growth sectors that can broaden the company globally

Our goal is to become a USD1 billion turnover company by 2025, listed in both the Johannesburg & Hongkong stock exchanges

We have an established footprint in South Africa, Mainland China & Hongkong with plans to extend to Mozambique, Angola, Namibia, Ghana, Kenya, Zimbabwe and Zambia

Our team of experts & strategic partners bring both operational and strategic experience based on extensive industry knowledge & hands on experience.

Our Strategic partners are reputable professional companies based in SA, China & Hongkong

We are headquartered in Johannesburg with satellite offices in HongKong

SOMLOLOGROUP INVESTMENT HOLDINGS

About Us

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Why invest in Africa ? A good story to tell

Trade between China and Africa exceeded USD 200 billion mark in 2013

China has committed to invest USD24bn in Africa on infrastructural development over the next 3 years with a focus on Angola, Mozambique, Nigeria and Ghana

China is now South Africa’s biggest trading partner , pipping Germany

China is now the fastest growing inbound tourism market to South Africa

South Africa has the most diversified and sophisticated economy in Africa

Chinese investors are entitled to a 3 year business permit for investing minimum of RMB1 million RMB in South Africa with unlimited travel in and out of South Africa

South African government will invest USD79billion in the building of new and the upgrading of existing infrastructure over the three years from 20/13/14

South Africa has the world’s largest reserves of manganese, platinum group metals and the largest reserves of gold, diamonds, chromite ore vanadium

South Africa’s banking system is ranked no 5 globally

ICBC the number one biggest bank globally by assets in the world own 25% equity in Standard Bank South Africa , the number one biggest bank by assets in Africa

China Bank has a strategic partnership with Nedbank, one of the 4 biggest banks in South Africa

China Construction Bank, Bank of China have offices in South Africa

Why invest in Africa? A good story to tell

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1. Somlolo Trading(PTY)(LTD) – Food and Beverages

Supplier of Wines, Fruit Juices, Energy Drinks, Fish, Rice and other commodities

Primarily South African ProductsSourcing some products from selected Africa countries i.e. Mozambique for FishHave Exclusive agreements with major suppliers in South Africa and selected African countriesSourcing some products i.e Rice from Asia to Africa

Main Activity:Research Food and Beverage IndustryNegotiate Exclusivity Agreements with selected companiesSource National and International Buyers for productsRun marketing Campaigns and PromotionsManage Purchase Orders, Shipping and ClearingAfter Sales and Support - Manage Supplier and Customer Relationship

2. Gabeaxon Trading(PTY)(LTD)

Main Distribution Partner for all of Somlolo Products into the China Market

Main Activity:Create an opportunity for product show and tell events (small intimate)

Negotiate Exclusivity Agreements with Food and Beverage Buyers in China e.g. SDIC etc

Look for new product demand from China lead Somlolo with customer demand requests

Source new opportunities and relationships on any product e.g. Minerals, Investments, etc

Organise and Run in country marketing Promotions

Manage Sales and distribution of all Somlolo products

Manage Supplier and Customer Relationship in China

Industries

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3. Transactionary advisory services

Focus onGeneral infrastructureMining Building & construction Energy

Strategic partner:Zambesi Capital

Main Activity:Generate Deal Pipeline on selected projectsMatchmaking Capabilities for Asia/Africa investment partnersDeal Brokerage ServicesFundraising and arranging for general infrastructure & energy projects

4. Mining

Focus onGold CopperZincLead

Strategic Partners:Dragon Mining Global Group – HongkongGohvani Resources – South Africa

Main Activity:Mobilise funding for brownfield mining operations to increase production capacityMobilise technical capacity to improve efficiencies

Industries

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5. Building & Construction

Focus on building of:Railway lines, Roads, Ports, Dams, Housing, Commercial & Government buildings

Strategic partner:China Railway International Group – ChinaSouth South Financial Services - Hongkong

Main Activity:Research and identify key priority projects in South Africa & selected African countriesEvaluate & assess viability based on investment criteria of strategic partnersRaise and arrange funding for the local partner’s equity contribution in the SPVAdvise on funding & shareholding structure for the SPV

6. Manufacturing

Focus onManufacturing of value add products & equipmentDistribution of value add products & equipment

Strategic Partners:Tailong Mechanical Engineering Group Co.Ltd – ChinaChina Railway International Group - China

Main Activity:Research and identify key priority growth sectors / industries in South Africa & selected African countriesUnderstand Industry value chain for priority sectorsIdentify product and equipment needs that are in short supply Identify potential manufacturers in Asia and China in particularSet up joint ventures with potential manufacturers on viable projects in South Africa and selected African countries

Industries

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Company Industry CountryGabeaxon International (China) Food & beverages China

Tailong Mechanical Engineering Group Manufacturing China

Govhani Resources (RSA) Mining South Africa

China Railway International Group Building, Construction & Energy China

South South Financial services Financial Services Hongkong

Dragon Global Group Mining Hongkong

Zambezi Capital Transactionary Advisory services South Africa

Somlolo Group Investment Holdings

(PTY)(Ltd)

Somlolo Steel Manufacturing

(Pty)(Ltd)

Somlolo Transactionary Advisory (Pty)(Ltd)

Somlolo EnergyHoldings

Somlolo Building & Construction (Pty)(Ltd)

Somlolo Food &beverages (Pty)(Ltd)

Strategic Partners

Somlolo Water Chemical treatment solutions

(Pty) Ltd

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ChairmanGcobani Mangcotywa

Director Mark Fung

Director Hillary Molotsi

Director Andile Mjamekwana

Director Esethu Dazana

Core Team

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Directors Profile

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Directors Profile

Gcobani Mangcotywa

Gcobani is General Manager for Asia Pacific Region who has been based in Hong Kong for 5 years responsible for Sales with China, Japan, India and Australia as priority growth markets. Prior to this role he was Executive Head of Strategy, Analytics and Marketing for Nedbank Corporate Banking with assets of over R70 billion. Prior to this he held various Senior roles at FirstRand Bank with his last role of a Senior Business Development Executive at FNB Corporate Banking division.

Prior to this role he was CEO for Public Sector for the Public Sector Banking Division of First National Bank. He previously had roles of SAA’s General Manager for the Africa region & as Country Manager for Australia and New Zealand based in Sydney for a period of 3 years.

Prior to these roles, he worked for Delloitte and Touche’ Consulting a Research Associate responsible for conducting feasibility studies on new business ventures.

He undergone Military Officer’s training at the Indian Military Academy and qualified as an Army Officer. He holds extensive experience in Commercial Banking and Aviation Industry over a combined period of 18 years as well as international experience based in Sydney and Hong Kong.

He has managed large teams of over 100 people with revenue budget of over R2 billion per annum. He holds qualifications in B.Comm, PDM, Post Grad in Finance & Masters in Management.

Directors Profile

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Directors Profile

Thami Msimango

Thami is the Managing Director of Cipal Telecommunications with over 26 years experience at Telkom SA servicing at executive level. He was responsible for running SBC’s Richardson Data Support Office, now AT &T in Dallas.

Thami was headhunted by Vodacom SA as the COO of Vodacom Business and in 2009 he was appointed CEO of Multilinks Telecommunications, Nigeria. His strength is in deal making, operational execution and conflict resolution. He served on numerous boards, non-executive director of Telcom 180 Pty, Terrace Projects (Satellite Communications), TEDAKA Technologies (SA), Expert Solutions (Spain) , Trudon Pty, Mweb Africa and Africa Online (Mauritius).

Directors Profile

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Directors Profile

Esethu Dazana

Esethu is a qualified Chartered Accountant and has worked for Nedbank Corporate as a Transactor in the specialised debt Division with the following responsibilities:

• Providing investment & funding structure solutions (senior, higher risk debt and preference shares with recourse or appropriate exit) for BEE transactions, Leverage Buy Outs/Ins, Management Buy Outs/Ins, Mergers & Acquisitions, company restructuring & other complex transactions whilst enhancing the profile of Nedbank in the marketplace, Increasing market-share, optimising NII, assets and NIR.

• Originate transactions from external parties. In this regard, she has worked on originating mostly BEE deals involving companies such as Calulo Investments, Advanced Capital, Safika Investment Holdings, Mion Holdings, Izingwe Capital.

• Overall/joint responsibility for the assessment (including inter alia, credit risk, pricing, taxation, regulatory, accountants, legal, due diligence investigation, valuation reviews and financial modelling) of transactions.

• Overall/joint responsibility for the negotiations and executions of transactions.

• Client retention and satisfaction: Client entertainment, client interaction in terms of deals, supervision of client queries, problems, and resolution thereof.

Prior to this role, she worked at the Standard Bank Group as a Financial Manager at Group Finance with the following key responsibilities: • Preparing budgets • Revising budgets in accordance with budgeting periods• Overall financial management of a medium-sized department • Variance analysis

She did her articles at Delloite and Touche and is currently studying towards a Masters Degree in Development Finance.

Esethu worked as a Senior Associate at Phatisa which is a private equity fund which seeks to make a positive impact on African agriculture and food production, through a truly pan-African investment approach in response to the continent’s food security.

Her role entailed originating, screening & structuring deals in the African continent which fit into Phatisa’s investment mandate as well as interaction with the African & European Development Finance Institutions which are investors into the fund.

Esethu currently works for the Land Bank in her capacity as a Structured finance specialist proving investment and funding structure solutions. Her role at Land Bank entails promoting transformation of the agricultural sector through structuring and funding strategic BEE and expansionary transactions in the sector.

Directors Profile

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Directors Profile

Mark Fung

Mark Fung Yun Tai was born in year 1953 in Malaysia, moved to Hong Kong together with his Hong Kong born wife in year 1987.  Mark had more than 30 years of trading experience particularly in steel products, iron ore and investment.

Global head of steel in an America company called Cargill based in Hong Kong.

Head of Asia iron ore division in Mercuria Energy Trading based in Beijing, China.

Now as a consultant for a Chinese trading company based in Beijing and Hong Kong.

Directors Profile

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Directors Profile

Innocentia Pule

Innocentia is a qualified Chartered Accountant and further holds a Global Executive Development Qualification from GIBS and a Transition to General Management certificate from Ansead. She joined Ernest and Young Corporate Finance Advisory Services (Pty)Ltd where she gained Due Diligence and Valuation experience. She then moved to Ernest and Young, London office to join the Risk Management Advisory department for over two years. In 2006 she joined Nedbank Limited as a Finance Executive within the Corporate Cluster, where she was responsible for coordinating reporting of all businesses within the cluster. In 2007 she became the Executive Head of finance for Nedbank Corporate banking with assets over R70 billion. She served as a member of the audit committee of The National Empowerment Fund until she joined the NEF in September 2012 as a Chief Financial Officer.

Directors Profile

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Directors Profile

Andile Mjamekwana

Andile Mjamekwana is a qualified Chartered Accountant with more than 7 years Investment Banking Experience. Andile currently works at Thebe Investment Corporation in the Business Development and Strategy division mainly dealing Power and Infrastructure. Andile currently is a board member of Jeffreys Bay Wind Farm (RF) (Pty) Ltd, De Aar Solar Power (RF) (Pty) Ltd and Droogfontein Solar Power (RF) (Pty) Ltd. He is Chairman of Audit Committee for Accentuate Ltd, an Altex listed company on the JSE. He previously worked at Absa Capital’s Investment Banking Advisory for 2 years as an Associate Director. The main transactions he was involved were take private of Cipla Medpro SA by Cipla India, sale of ABSA stake

in ABSA Private Equity and also empowerment transaction of the DeBeers Diamond Trading division. Prior to working at ABSA Capital he was an Associate Director at HSBC’s Investment Banking Advisory division where he worked for 5 Years. The main transactions he worked on were the sell down of MTN Nigeria by local partners to MTN Group, privatisation of Gabon Telecoms and sale of Transnet non-core assets. He spent almost two years at PriceWaterhouse Coopers Corporate Finance (Valuation and Strategy division). He did his articled at SizweNtsaluba vsp.

Directors Profile

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Directors Profile

Hillary Molotsi

Hillary is the founding member and director of Apogee Management Projects, a multidisciplinary company whose major focus is construction , Project management and related services.

Hillary has over 18 years of multi-sectoral experience, including IT, Telecoms, Financial services and construction. Over the years he has gained training and qualifications in the sectors he worked in. He holds an honors in IT, Master in Economics and Masters in Construction and Project Management.

Hillary has worked for some world class corporates among them IBM, Accenture and Firstrand, were he held senior strategic roles. He has been involved in assisting to develop an Africa growth strategy for Firstrand and other South African retail chains. In 2010 he was involved in Project managing some 2010 world cup soccer projects and over the years he has project managed various multimillion rand construction projects.

Hillary is a full member of Project Management South Africa (PMSA).

Directors Profile

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Company Information

1. Company secretariat: Linomso Corporate Governance (Pty) Ltd

2. Company Auditors: Van Wyk Accountants

3. Bankers:Standard Bank

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Think Africa.Think Somlolo.

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SOMLOLOGROUP INVESTMENT HOLDINGS

Flat 1706, 17/F Nam Fung Towel, 173 Des Voeux Road, Central,

Hongkong

+852 2543 6814

35 Hamilton Avenue; Brynston, Johannesburg, Gauteng 2191

South Africa

+27 12 645 1019

www.somloloinvestments.co.za