INFRASTRUCTURE: InfraSec Strengthens Core Business Capability with Three New Appointments
Recent Western Cape Business News
INFRASEC Fund Managers, a joint-venture between Sanlam and Africa Infrastructure Securities, specialising in making infrastructure investments (energy, transportation, renewable energy, social infrastructure sectors) today announced three new top-level appointments which will work to strengthen the company’s offering.
InfraSec and Sanlam joined forces earlier this year to form the Sanlam InfraSec Africa Infrastructure Fund. The fund gives investors access to sustainable long-term infrastructure and development capital in Africa with an emphasis on economic growth, social upliftment and energy. The Fund has a target size of USD500m.
According to Kholofelo Molewa and Michael Brooks, co-founders and executive directors of InfraSec, “the new positions are in line with us building a formidable infrastructure team to create a robust infrastructure fund offering for investors. The new appointments add to our overall offering and ensure we have the right skills to strengthen our capability.”
Mamokoeng Maitlala has been appointed Principal at InfraSec Fund Managers. She is part of the deals team and her responsibilities include deal origination and execution as well as portfolio management. She has extensive experience as an infrastructure financier including projects in South Africa and Africa. Prior to joining InfraSec, Mamokoeng was a senior manager on the Industrial Development Corporation’s (IDC) Infrastructure team. She is a qualified Chartered Accountant and holds a B Com (Accounting) degree and a H Dip (Accounting) (Honours) degree from Wits, as well as a Masters degree in Development Finance from UCT’s Graduate School of Business.
Thabo Thobejane has been appointed Principal at InfraSec Fund Managers. He joins the team from Nedbank Capital Investment Banking where he has held a number of positions since 2010. He was most recently part of the Upstream Oil and Gas project finance team and brings extensive technical and financial acumen within infrastructure and project finance. He holds a Commerce degree in Financial Accounting and an Honours degree in Financial Management from the University of Pretoria. He also has a National Diploma in Engineering (Civil) from the Nelson Mandela Metropolitan University.
Memory Mashingaidza has been appointed Principal at InfraSec. Her responsibilities include deal origination, execution and overall fund and portfolio management as well as investment strategy. She has extensive experience in infrastructure and renewable energy, gained over 12 years. Prior to joining InfraSec she headed up the energy investment team at the Public Investment Corporation (PIC) where she managed investments in over 14 renewable energy projects with an investment value of over USD 800 million. Prior to that she was on the infrastructure team at International Finance Corporation covering sub-Saharan Africa. Her main focus was on energy investments in East Africa and renewable energy projects in South Africa. Memory is a qualified Chartered Accountant.
“The opportunity for growth in this sector is exponential and, with the right team and partnerships in place, we believe we are in a strong position to maximise the growth opportunities presented by the current infrastructure investment gap in Africa,” concludes Molewa and Brooks.
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