The role of the Secretariat is the overall implementation of the activities of Impact Investing SA. It is responsible for driving and executing the organisation’s strategy, with guidance and support from the Board and Taskforce members. The Secretariat is currently hosted by UCT’s GBS Bertha Centre for Social Innovation and Entrepreneurship.
The role of the Board is oversight of the overall strategic direction of Impact Investing SA. It provides guidance and direction to the Secretariat for the execution of the organisation’s strategy.
The role of the Impact Investing SA taskforce is one of advocacy and advisory. Taskforce members are responsible for identifying key levers to accelerate growth in the impact investing market. They activate their networks to foster the impact investment ecosystem.
Misha Morar Joshi is a Senior Project Manager in the Innovative Finance team at the UCT GBS Bertha Centre for Social Innovation and Entrepreneurship. She is an Economist with an MEcon Sci and BSc Hons in Advanced Mathematics of Finance from the University of the Witwatersrand. The early stages of her career were spent in Corporate Finance and Economic Consulting, exposing her to economic modelling, monitoring & evaluation, behavioural economic and financial modelling. She has worked on various impact assessments for entities such as Eskom, the National Energy Regulator of South Africa, South African Breweries, Naspers, the Financial Services Conduct Authority (previously FSB) and the Department of Trade and Industry. Amongst others, she has been involved in the design of Eskom’s Emerging Miners Fund, developing a strategy for forwarding Universal Healthcare Coverage in SA for a multinational life science company and an evaluation of Namibia’s government funds supporting SMEs. She comes with strong technical, leadership and project management skills. Her goal is to always affect real, positive changes in her team and society. She hopes to do just this through her work in the impact investing community.
Shiluba Mawela is a chartered accountant who leads Tshiamo Impact Partners which is establishing an Agriculture Value Chain Impact Fund. She is currently consulting as the Secretariat Co-Lead for the National Taskforce for Impact Investing via the UCT Bertha Centre. Shiluba has broad capital markets and impact investment expertise. Her corporate finance experience includes mergers and acquisitions, valuations, commercial due diligences and transaction structuring gained at the Johannesburg Stock Exchange and a boutique corporate finance firm. She also served as Senior Project Manager on the Youth Employment Service (YES) - a national business-led initiative supported by Government through the office of the Presidency where she was responsible for overall project management, finance and fundraising and led the work that resulted in a legislative change to promote job creation. Prior to that, she worked at Ernst & Young (EY) in their banking and capital markets division in both the Johannesburg and New York office. While at EY, she was Project Co-ordinator for an entrepreneurship social responsibility initiative that worked in partnership with Endeavor. She is a World Economic Forum Global Shaper Alumni and Mandela Washington Fellow. She also sits on the board of the FirstRand Foundation.
Motshegwa is a consultant that specialises in sustainability and development projects who has a Bachelor of Business Science degree specialising in Finance. Her role as a consultant has afforded her the opportunity to work on a variety of projects across various sectors, including but not limited to financial services, pharmaceuticals, mining and the public sector. Across these sectors she has both developed strategies as well as implemented them for clients, write business plans and reports, as well as measure the impact of their projects and initiatives using Social Return on Investment methodology. She also has experience training organisations, foundations and state-owned enterprises on how to measure their own impact.
A key project that Motshegwa prides herself on is her role in developing a strategy for a large multinational mining company to create over 140 000 jobs in mining communities to stimulate economic growth and contribute to the meaningful existence of community members through assisting them attain sustainable livelihoods. Her role as a sustainability and development consultant has also made her impact orientated, and as a result she has developed a passion for impact investing. She continues to learn about the investment philosophy through her masters degree where her area of research is impact investing, as well as her role as a consultant for Impact Investing South Africa where she is a part of the team growing awareness and building the ecosystem for impact investing in South Africa.
Elias is the Executive Chairman of DNA Economics, Commissioner of the 1st & 2nd National Planning Commission. His previous roles include CEO of the PIC, Head of Policy Analysis at Sanlam, Act. Deputy Director General for Economic Policy at the South African National Treasury and Director of Research, Central Bank of Swaziland.
Currently he serves as Chairman of several influential entities in South Africa, namely V&A Waterfront, Absa Asset Management, Capital Harvest and Economic Research Southern Africa and serves on several boards including Multichoice SA, Alternative Prosperity Holdings, Future Planet Capital in London, Avior Capital Markets, Strate, Absa Financial Services and CA Sales.
Previously, He was also a member of the Boards of the South African Reserve Bank, the Government Employee Pension Fund, the Airports Company SA, as well as the UN Global Compact Board & Chairman of the (UNGC) SA Local Network.
He is founder of many initiatives such as the Financial Sector Charter Council, Economic Research Southern Africa (ERSA), Social security and retirement reform in South Africa, UNGC Africa Implementation Agenda for the SDGs, Macroeconomic and Financial Management Institute for Eastern and Southern Africa (MEFMI) previously ESAIDARM and the Ratepayers Association network in Swaziland, amongst others.
Claudia has a diverse skill set, having occupied senior positions in a number of companies within the private sector as well as in the public sector over the past 25 years.
She has spent the last 15 years mainly in the investment area, initially as an investment transactor at a development finance institution, focusing on the infrastructure sector, later as a shareholder and executive director of an investment holding company, and most recently as a Board non-executive director on the Boards of a DFI and a large asset manager.
Claudia currently serves as a non-executive director on the boards of listed pharma company, Adcock Ingram, and also chairs the Board of Mondi Zimele, an enterprise development initiative of the Mondi South Africa group.
From 2010 until the end of 2103, she served as Managing Director of DAI Johannesburg, an international development consultancy. The company provided development solutions to a wide range of clients in the public sector, DFIs, international donors as well as to private companies, specialising in Enterprise Development, Agribusiness and small holder farmer support, and had extensive experience of analysing value chains with a view to facilitating the opening up of company supply chains to small businesses.
Before joining DAI, Claudia was Executive Director of the investment holding company that she co-founded, Sangena Investments, which acquired shares in a number of listed and unlisted companies. She has previously served as a non-executive director on the Boards of Basil Read, the DBSA and the PIC.
Dean Alborough is currently the Head of ESG (environmental, social and governance) at Old Mutual Alternative Investments (OMAI). OMAI is one of the largest private alternative investment managers in Africa, with US$4 billion under management, made up of four main business units; Infrastructure (AIIM), general Private Equity, Impact Funds and International Fund of Funds. Dean leads the team of four ESG specialists, taking responsibility for all ESG matters across the group. Dean is an experienced ESG practice lead in the private markets, with more than 13 years’ experience in ESG, integrated environmental management, sustainability and environmental science. Dean was the first full-time ESG specialist in the AIIM infrastructure business of OMAI, and over 5 years has built the ESG practice across the OMAI group, designing and implementing market leading ESG risk and positive impact frameworks, fit-for-purpose ESMSs and ESG data management and reporting. Dean is also experienced in building the ESG brand of a business, recently working with a leading digital brand agency to develop an ESG brand strategy, communications strategy and the first digital Sustainability Report for OMAI (www.investingwithsignificance.com). Over the years he has published various international articles and spoken at international conferences.
Dean has experience in the broad discipline of ESG including Environmental and Social (ES) Screening, ES Impact Assessments (ESIAs), ES Due Diligence, Risk Assessment and ES Management Systems (ESMS). His experience includes working with and applying specialist biodiversity, biophysical and socio-economic knowledge, including climate change related work from mitigation to adaptation.
Dean leads the ESG data management across the group, with extensive experience across a broad set of ESG metrics, having also completed courses in Data Science.
He is responsible for all ESG related client management and engagement.
Dean has strong working knowledge of governance, including structural and functional aspects of governance in a business. Dean been a Non-Executive Director for Cookhouse Wind Farm, Umoya Wind Farm and REISA Solar PV Farm in South Africa. He has been the chairperson for the ESG subcommittees of these companies, while also a member of other ESG board subcommittees throughout Africa. Dean implements the King Code for Governance, and integrates good governance practice throughout the investment lifecycle. Dean currently sits on the OMAI Risk Committee and has regular engagement at the OMAI Executive Committee.
Heather, head of Impact Investing at Ashburton Investments, has 26 years of capital market experience. She is a member of the executive committee of Ashburton that also coordinates and drives the overall impact investing strategy into the overall FirstRand Group. Prior to joining Ashburton, Heather founded a successful impact division at Atlantic Asset Management where the team developed impact investing strategies by forming strategic partnerships with National Treasury, WWF, and USAID amongst others. This business was acquired by FirstRand in 2016. Heather established her fund management reputation by heading up a number of traditional fixed income teams, including Investec and Prudential and was a founding director and partner of African Harvest Value Managers (1999).
She is deeply involved in advocacy and remains the founding chair since 2008 of the Responsible Investing subcommittee at the Association for Savings and Investment in South Africa (ASISA) as well as a member of ASISA Savings and Infrastructure Committee and was a founding member of CRISA. She is currently chair of ANDE SA Chapter (Aspen Network for Development Entrepreneurs) which promotes SGB’s. In addition, she participates regularly in National Treasury’s Sustainable Finance Working Group as well as their Working Group on Municipal Finance.
Jonathan First is a lead specialist within the Structured Products Group and a member of the DBSA’s Innovation Hub. He works with the DBSA’s origination teams to conceptualize, develop, structure and distribute funding for large infrastructure projects in South Africa and sub-Saharan Africa in the sectors of water, energy, ICT and transport/logistics. He is also leading the DBSA’s initiative that is working towards creating a Climate Finance Facility within DBSA to offer credit enhanced debt funding to catalyse blended finance in “green related” infrastructure projects and transactions.
Mr. First qualified as solicitor in South Africa and then spent 22 years in investment banking in Johannesburg, Toronto and the City of London. He represented the Canadian Banks on the Brazil, Argentina and Mexico debt restructuring committees during the 1980s South American debt crises. Mr. First originated several debt syndications for South African private and SOE enterprises post the 1994 elections when South Africa could once again access the Debt Capital Markets.
Patmanathan (Pat) Pillai is Founder/CEO of LifeCo UnLtd SA; Chair of the African Venture Philanthropy Alliance – Southern Africa and Board member of pan AVPA; Board member of the Global Social Entrepreneurship Network; Board member of Tendrel SA.
Pat has also been an entrepreneur in the private sector for the last 30 years.
Tanya joined SAVCA in March 2017, after a rewarding 10-year career at the Gordon Institute of Business Science (GIBS) with her last role being Director of Academic Programmes where she also served on the board of the Executive MBA Council (EMBAC), an international academic association that represents the Executive MBA industry. Tanya is passionate about human and organisational development. During her time as a learning and development specialist focusing on management and leadership development, Tanya gained valuable experience working with various companies across a wide range of sectors. She holds an MBA and Post-Graduate Diploma from GIBS where her MBA research focused on methods to develop a global mindset. Tanya also holds a BCom Informatics and Honours in Business Management from UNISA.
Tanya is also passionate about developing the private equity and venture capital sector in Southern Africa. Through personal experiences, Tanya understands the complexities entrepreneurs face during the various stages of their business lifecycle and is a regular contributor at various events to help entrepreneurs, and investors, understand the value and impact of private equity and venture capital.
Tanya is the mother of a stunning young man, a motorbike/car enthusiast and a South African PowerLifter.
Tracey joined Palladium in 2015 to build Palladium’s impact investing practice which included the building of a Venture Capital Fund investing in northern Nigeria. In addition to her core role she leads bespoke impact investment advisory mandates for major influencers including blue-chip companies/DFIs/institutional investors active/embarking on impact investing.
Tracey draws upon a 17-year career centered in finance in emerging markets. Her experience ranges from investment banking—where she started at Barclays in the infrastructure and natural resources division—to managing a fund-of-funds (DFID Impact Fund) for the UK’s development finance institution, CDC Group plc. She also brings hands-on investment experience garnered from managing a portfolio of distressed mining assets in Australia and Colombia for one of Europe’s largest hedge funds, BlueCrest Capital LLC. Tracey’s understanding of investment fundamentals and core business operations, across many countries and sectors, enable her to work effectively across impact investing globally.
In June of 2018, Tracey will join Omidyar Network as Head of Investment Management for the Governance and Citizen Engagement Initiative.
Heleen is currently the Head of Alternative Investment Services at RisCura. Previous to this, she held the position of Private Equity Associate at RisCura. She is involved with the development of Impact Fund of Fund products and Impact reporting within RisCura. She has also served as an Assurance Director, Technical Partner for IFRS as well as the Head of Corporate Finance for PKF Cape Town. She believes that future opportunities that IISA may be well place to undertake are:
1. Educating institutional investor about the nature of Impact vs ESG
2. Trying to put together a very, very basic reporting framework that allows investors to aggregate info across investments. This is a very long-term goal, and there are as many opinions as people, but Heleen considers it essential.
Mabatho has an honours degree in Economics and Marketing from the University of Wales, Aberystwyth College; an honours degree in Financial Analysis and Portfolio Management from the University of Cape Town and an MBA from the University of Hull. She serves as an independent trustee or chairperson on several boards of management of pension funds. She chairs the Strategic Investment Committee of the second largest fund in South Africa, the Eskom Pension and Provident Fund and also serves as an Independent Investment Committee Member of the National Treasury Jobs Fund. She chairs the Investment Committees of two Impact Investing Funds, the Sagole Affordable Housing Fund and the Transport Sector Truck Stop Fund that aims to develop integrated one stop facilities that caters for the needs of truck drivers along major routes which, aside from selling fuel, includes facilities such as safe parking bays for trucks, accommodation and ablution facilities for drivers, maintenance facilities and a restaurant amongst other.
She is currently a non-executive director of Metropolitan Lesotho and has had the pleasure of serving as a non-executive director of Futuregrowth Asset Management in the past. She served on the Advisory Committee of the Southern African Pension Fund Investment Forum for more than five years and is currently a member of the Asset Owners Forum, which aims to facilitate collaboration amongst large pension funds to participate in infrastructure investments. She is a member of the Institute of Directors Southern Africa. Mabatho’s past work experience includes working in sales, industrial and international trade development, new business development in the oil industry and management consulting. She joined the Financial Services Industry at the beginning of 2001 in private equity as an Assistant Portfolio Manager for Infrastructure Investments at Old Mutual Asset Management. In 2003 she became a Director and Head of Institutional Business Development and Marketing for Cadiz Asset Management until March 2007. From 2008 to 2017, she also ran a small company called The Bridge which focused on teaching and facilitating personal development and the acquisition of self-leadership skills for women. Through her work she aimed to contribute to enriching leadership diversity.
In order for the South African economy to grow, there has to be significant inflows of investments into the real economy. There is sufficient financial muscle in the country and a viable opportunity set for growth and investment returns that is not captured in the listed market across the spectrum from Agriculture, Manufacturing, Affordable housing, SME development, Education, Health Care etc. In order for us to see this flow of assets in the real economy, the opportunity set needs to be structured into viable and well packaged projects, there has to be collaboration and innovative funding structures that can potentially reduce risk and make project more attractive for investors. Policy is also a very attractive tool that can create an enabling environment and create incentives for investments. IISA seems well placed to be a key driver in all the key pillars that are necessary for successful impact investing in South Africa.
Tshediso currently leads a multidisciplinary team of experts supporting the National Planning Commission in the Presidency, which is the think-tank responsible for long-term planning and promoting the National Development Plan - Vision 2030. His roles involve strategic advice and consulting at highest level (cabinet), and networks with leaders in business (CEOs), labour, the media, academics and the consulting industry.
His previous roles include Eskom Executive, Director-General (DG) of Public Enterprises (Department) and DG of Trade and Industry (DTI). Tshediso has over 25 five years of public sector leadership experience, inter alia in the fields development/planning; world trade; industrial policy; investment; economic regulation; BBBEE/enterprise development; and Corporate Governance. He has led large, complex organisations with significant transformational impacts on business and the economy, across several industries and state-owned enterprises.
Tshediso brings deep, crosscutting grasp of critical economic and social sectors that constitute the impact investing space, strategic planning skills, along with established stakeholder networks with the state’s key policy implementing arms and private sector actors.
He was part of the expert steering committee for the UNDP SDGs Investor Map undertaken with the UCT GSB’s Bertha Centre which identified impact investment opportunities in agriculture, healthcare, education and infrastructure. He believes that IISA is central to taking this process forward, and a low hanging fruit are student accommodation, early learning provision, low-fee private schooling and digital infrastructure for low-income communities.