Tshepo Mahloele Biography
Tshepo Mahloele is a 56 years old South African known as the founding CEO of Harith Africa and one the richest men in South Africa. He is a key contributor to the creation of the $630 million Pan African Infrastructure Development Fund (PAIDF). In September 2020, he transitioned to the role of Group Executive Director, where his focus shifted towards steering the growth initiatives of the Group throughout the African continent. Prior to this, Tshepo Mahloele held leadership positions, including heading the Corporate Finance Division and overseeing the Isibaya Fund at the Public Investment Corporation (PIC), South Africa’s largest investment manager with a substantial portfolio exceeding USD 300 billion.
Under Mahloele’s visionary leadership, Harith has made strategic investments in prominent infrastructure assets. These include ventures such as MainOne, a prominent digital communication company in West Africa; Dark Fibre Africa, a significant player in the South African telecommunications landscape; the Henri Konan Bedie Bridge in Cote d’Ivoire; the Lake Turkana Wind Farm in Kenya; and Lanseria International Airport in South Africa, among others.
Tshepo Mahloele’s transition to the role of Group Executive Director underscores his commitment to driving the growth agenda of Harith across the diverse landscapes of the African continent. His notable track record in corporate finance, coupled with his strategic leadership, has played a pivotal role in Harith’s success in securing and managing impactful infrastructure investments throughout Africa.
Tshepo Mahloele Career
Tshepo Mahloele previously led the Corporate Finance and Isibaya Fund Division at the Public Investment Corporation (PIC), the largest investment manager in South Africa, overseeing a portfolio exceeding USD 90 billion.
During his tenure at the PIC, Mahloele actively implemented the organization’s Black Economic Empowerment (BEE) strategy, resulting in the introduction of several new industrial players into the South African economy. Over a span of three years, he successfully concluded transactions totaling R13 billion. Mahloele played a pivotal role in redefining the strategy for the Isibaya Fund at the PIC, achieving remarkable returns of 45% for the 2003/2004 financial year and 40% for the 2004/2005 financial year.
Before his role at the PIC, Tshepo Mahloele served as the Manager of Corporate Finance and Credit Department at Rand Merchant Bank, where he focused on privatization and contributed to the bank’s strategy for Black Economic Empowerment (BEE).
Subsequently, he joined the Commonwealth Development Corporation (CDC) as an investment executive, overseeing an annual investment budget exceeding R700 million in South Africa. His responsibilities included examining and supervising the bank’s developmental impact strategy.
Tshepo Mahloele later took charge of the Private Sector Investment arm of the Development Bank of Southern Africa (DBSA), managing a portfolio worth R4 billion with 12 project managers reporting to him. Within one financial year, he significantly increased the unit’s approvals from R320 million to R2.1 billion and raised disbursements from R300 million to R870 million during the 2002/2003 financial year.
Moreover, Tshepo Mahloele played a crucial role in the DBSA’s strategic involvement in the New Partnership for Africa’s Development (Nepad), cultivating relationships with various funders and project sponsors in the infrastructure financing sector.
Tshepo Mahloele Net Worth
Tshepo Mahloele has a net worth of $10.7 billion, a testament to his notable accomplishments in the financial services sector and infrastructure projects. His success reflects a combination of perseverance, creativity, and a steadfast commitment to advancement.
Mahloele’s journey stands as an inspiring example of resilience and progress, showcasing his prominence as a figure from Pretoria who achieved success through unwavering determination and foresight. His significant experience at Rand Merchant Bank, where he formulated strategies for corporate finance and Black economic empowerment, contributed significantly to his achievements.
Sage is a financial/consumer journalist and senior editor, personal finance, of TrendsHQ. EXPERTISE: Personal Finance, Careers, Jobs, Scholarships, and Entertainment.