SOME of the personalities behind two established investment companies have teamed up to launch the JSE’s sixth special-purpose acquisition company, Hulisani.Hulisani was seeking R500m through a private placement of shares to list on the JSE’s main board this week. The funds will be used to buy energy companies with growth potential in SA and Mozambique.The movers and shakers behind Hulisani are Asanda Notshe, a fund manager at Mazi Capital; Malungelo Zilimbola, Mazi’s chief investment officer; and Marubini Raphulu, MD of Calulo Renewable Energy (CRE).Hulisani will have significant black shareholding, which energy companies need to meet government’s broad-based black economic empowerment requirements.Raphulu, Hulisani’s chief investment officer, is a lawyer who worked for Nedbank Capital before joining CRE.He says the decision to form Hulisani arose out of discussions between CRE and Mazi about innovative ways to participate in the energy industry.Mazi, on behalf of its clients, also...
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