SHARES IN BOURSE
4AX chief welcomes Harith stake deal
Harith General Partners CEO Tshepo Mahloele has been added to the exchange’s six nonexecutive directors
Harith General Partners CEO Tshepo Mahloele had bought an unspecified stake in 4 Africa Exchange (4AX) through LeBashe Financial Services, the new bourse said on Monday.
Mahloele has been added to the exchange’s six nonexecutive directors, which include Maponya Group CEO Chichi Maponya and Kagiso Trust co-founder Johnson Njeke.
"Mahloele is a superb inclusion to our super squad," 4AX CEO Fay Mukaddam said.
Harith, with offices in Johannesburg and Ivory Coast, manages a $630m pan-African infrastructure fund.
Mahloele is one of its originators. He holds a BProc obtained from Rhodes University and has also completed the Harvard Advanced Management Programme. Before joining Harith, Mahloele headed the corporate finance and Isibaya Fund division of the Public Investment Corporation.
Mukaddam said LeBashe and Mahloele offered immense strategic value in expanding 4AX, which has three companies listed on its market.
"The 4AX solution is tailored for the diverse Mzansi market, making it accessible to shareholders from all walks of life, as well as a cost-effective and seamless transition to a regulated space.
"As such, we look forward to exploring these synergies further and identifying innovative ways to leverage on the shareholder partnership to drive opportunities for the institutional and retail investor communities of SA," Mukaddam said.