Phuthuma Nhleko (Chairman)

Phuthuma Nhleko is the chairman of the Pembani Group, a resources and energy investment company. He is the former CEO of the MTN Group and under his leadership MTN increased operations from five to 21 countries across Africa and the Middle East. He now chairs MTN and also serves on a number of boards including Anglo American Plc and BP Plc. He holds a BSc in Civil Engineering from Ohio State University and a Master of Business Administration from Atlanta University.



Raymond Ndlovu

Raymond is an investment executive at Remgro Limited, and joined in July 2015, from his previous role as investment executive at Invenfin, the venture investment division of Remgro. He serves on the Remgro management board and as a non-executive director of several group investee companies, including Grindrod Limited, Dark Fibre Africa and Invenfin. Raymond has 27 years’ experience in various fields in the financial services industry and holds a B. Business Studies (Honours) from University of Zimbabwe.


Kofi Adjepong-Boateng

Kofi Adjepong-Boateng is a merchant banker with over 30 years of banking experience. He co-founded FAH (formerly First Africa Holdings) in 1995 as a joint venture with S.G. Warburg & Co. Under his stewardship, FAH’s corporate finance subsidiary, First Africa, became a leading corporate advisor in Africa and was sold to Standard Chartered Bank in 2009. Following the sale, Kofi became a vice chairman at Standard Chartered. At different times in his career, Kofi was involved in private equity and project finance transactions across Africa. In addition to his involvement at Pembani Remgro, Kofi is a Member of the Board of Trustees of the School of Oriental and African Studies (SOAS), University of London and sits on the SOAS Nominations & Governance Committee. He also chairs the Advisory Board of the Economic Advancement Program of the Open Society Foundations, of which the Soros Economic Development Fund forms a part and was, until recently, Chairman of the Policy Committee of The Centre for the Study of African Economies at Oxford University. Kofi will put the experience gained over many years in Africa to work for the benefit of Pembani Remgro as a senior advisor to the group.

Herc van Wyk

Herc van Wyk is the Chief Executive Officer of Pembani Remgro and has 26 years of experience in merchant banking, project finance and investing in infrastructure, with a strong focus on the African continent. Before joining Pembani Remgro, Herc was Managing Director of Kagiso Financial Services Limited, now part of the KTH Group and Chairman of the Infrastructure Finance Corporation Limited. During this time he was involved in a number of infrastructure transactions in the region including the Nairobi Toll Road, the Gautrain, the Neotel rollout for the Tata Group, a pumped storage power station, a wind energy transaction and the new Mototolo platinum mine. Prior to that, he spent fifteen years working in the banking sector in London, first at Hill Samuel Bank and then at Bankgesellschaft Berlin where he was Co-Head of the Global Infrastructure Project Finance team. During this time he was also involved in several infrastructure transactions in Southern Africa, including the Petrozim Pipeline in Zimbabwe, the Lesotho Highlands Water project, the N4, N3 and N4 West toll roads as well as the first PPP prison projects in South Africa. He returned to South Africa in 2005 and joined the Kagiso Group in Johannesburg. Herc has a BAcc (Hons) qualification from the University of Stellenbosch and qualified as a chartered accountant at Deloitte Haskins & Sells in Cape Town.