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.
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:
Recommendedby NEWSROOM AI
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.
We need to understand the principle of affordable housing versus social housing - versus gap housing.
An advertising and branding expert chooses his favourite and least favourite advertisements of the week.
When should a company chief jump in on social media when there's a problem with his company's service delivery?
SAA has secured R3.5 billion in loan from the Development Bank of Southern Africa, needed to run the airline during the business rescue process.
Cell C cannot pay its debts. The company has defaulted on the payment of interest on a US$184-million loan.
SA Flyer Magazine editor Guy Leitch gives his take as Development Bank of Southern Africa pledges R3.5bn funding.
Agri Eastern Cape president Doug Stern says the province carries a third of the country's livestock numbers.
Joanne Joseph spoke to AutoTrader CEO George Mienie to find out.
Community development worker Mmakwena Ramashu says the grandmother approached her after police and the school did not assist her.
Eyewitness News reporter Nkosikhona Duma has more on the story.