(The Money Show is brought to you by Nedbank. See Money Differently.)
For the amount of money we spend on education as a nation, the outcomes are not what they should be.
— Itumeleng Kgaboesele, Sphere Holdings
We wanted to make long-term investments in long-term partnerships… At the outset, we gifted 20% of the business to non-profit organisations…
— Itumeleng Kgaboesele, Sphere Holdings
We invested in Old Mutual as part of the Wiphold transaction… it did well for the black shareholders…
— Itumeleng Kgaboesele, Sphere Holdings
Itumeleng Kgaboesele is the CEO of Sphere Holdings, an investment holding company he co-founded in 2003.
He is also a Non-Executive Director of Old Mutual Emerging Markets Limited.
Kgaboesele has considerable investment banking experience, honed during his vice-presidency at Citigroup and stints at Merrill Lynch and Deutsche Bank.
He serves as Chairperson of the Board of Trustees of the Student Sponsorship Programme, an NGO providing poor schoolchildren with mentorship and funding to attend some of the best high schools in South Africa.
Kgaboesele, a qualified chartered accountant, has a BCom degree and a Post Graduate Diploma in Accounting from the University of Cape Town.
The Money Show’s Bruce Whitfield interviewed Kgaboesele for his weekly “ShapeShifter” feature.
Listen to the interview in the audio below (and/or scroll down for more quotes from it).
Notwithstanding what’s going on… I’m proud to be a chartered accountant.
— Itumeleng Kgaboesele, Sphere Holdings
Certainly, they [investment bankers] do [add value]… The bankers who provide capital are more helpful than those who don’t…
— Itumeleng Kgaboesele, Sphere Holdings
For good ideas… there is always capital…
— Itumeleng Kgaboesele, Sphere Holdings
Today we took 30 CEOs… and have them spend time with principles… at some of the inner-city schools…
— Itumeleng Kgaboesele, Sphere Holdings
We’ve got problems [in education]… my experience of seeing kids previously prone to vandalism, getting engaged in the school… has given me a lot of hope. There are challenges but there is stuff we can fix.
— Itumeleng Kgaboesele, Sphere Holdings
We’re trying to avoid competing for assets…
— Itumeleng Kgaboesele, Sphere Holdings
Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:
Read More
The Money Show’s Bruce Whitfield interviews Pillai for his weekly (on a Wednesday) “ShapeShifter” feature.
The Money Show’s Bruce Whitfield interviews Rain CEO Willem Roos for his weekly “ShapeShifter” feature.
South African Revenue Services' Mark Kingon has the most dreadfully important job. Bruce Whitfield interviews him...
[Strong language warning] Jordan Belfort, played by Leonardo DiCaprio, opens up about his sordid past and inspirational new life.
The Money Show’s Bruce Whitfield interviews Maree, Chairperson at Liberty Holdings (and former CEO of Standard Bank).
“Why try and make retirement more palatable? Why not just abolish it completely?” says headhunter Johann Redelinghuys.
Popular articles
Lead SA: Gadeeja Abbas expands on the campaign, which reaches out to anyone who has experienced gender-based violence.
Certified financial planner Paul Roelofse on choosing and unlocking the value of loyalty programmes.
Rudie Heyneke outlines Outa's objections to the traffic demerit system signed into law this week.
Mail & Guardian investigative editor Thanduxolo Jika unpacks the Public Protector's legal battles.
