Chief Investment Officer
B COMM (HONS) (Accountancy), Certificate in the Theory of Accountancy (CTA), Higher Certificate – Financial Markets
Mr Wessels joined the company from Absa/Barclays in 2007. He has a BCom Honours, Certificate in the Theory of Accountancy (CTA ), Higher Certificate Financial Markets. Before joining Harith, Mr Wessels had over 10 years of experience as Senior Consultant for Absa Capital and he was responsible for Project and Infrastructure Finance. Prior to this he occupied different positions (Business Consultant, Financial Manager/Director, Managing Director) in companies operating in the manufacturing and construction industries.
Head: PAIDF 1
CA (SA), MBA
Sipho has over 10 years’ merchant banking experience. Prior to joining Harith, he worked for Investec Bank, Coronation Capital and African Merchant Bank in South Africa, with a focus on aircraft and plant and equipment financing, and various acquisition finance transactions. He is responsible for PAIDF’s CIVH (DFA) and Main One Investments.
Emile Du Toit
Head: PAIDF 2
Mr Du Toit, (CA) SA was Head of Corporate Finance at the Development Bank of Southern Africa in South Africa. He has over 11 years of relevant Corporate Finance experience, having joined the DBSA as an Investment Officer. He has been involved in many high profile transactions and currently serves as a Director and trustee in the governing boards of several institutions.
Senior Investment Director
BSc Actuarial Mathematics (University of Montreal, Canada), MBA (ESSEC, France)
Souleymane joined Harith in 2007. He has led a range of private and PPP transactions in the ICT, energy and transport fields across Africa. Previously he spent five years at AfDB, where he was successively a senior investment officer in the Infrastructure Finance Division, a senior financial analyst and a senior analyst in the Treasury Department. He was involved in a number of projects including a power project in Uganda, water projects in Burkina Faso and Nigeria, and transport programmes in Morocco and Senegal. Before this he was an Investment manager in charge of the development of new financial products at Dexia Public Finance Souleymane’s experience includes stints at Parabas Affaires lndustrielles and Lazard Freres & Cie.
Head: Deal Origination
Orville was employed by Nedbank Capital in South Africa as an investment banker prior to joining Harith.
He has extensive experience in project and infrastructure finance, having specialised in the provision of advisory services and finance to large projects and concessions. He has over 24 years’ field experience and has been Involved in the preparation, funding and implementation of a wide variety of Infrastructure projects including the new Limpopo bridge between South Africa and Zimbabwe, the N4 Maputo Corridor toll road, the new rail line and upgrading of existing railway lines between Beitbridge and Heavy Junction in Zimbabwe, and the first limited recourse BEE [Eyesizwe] mining transaction.
Head of Project Development
M.Com; T.H.O.D and CAIB qualifications.
Sollie joined Harith General Partners in November 2012 as Head of Project Development. His core responsibility is to establish an infrastructure project development entity that will support the early stage preparation and development of infrastructure projects in Africa. Prior to this Sollie was responsible for selecting, appraising and managing infrastructure equity investments on behalf of Absa Capital, on the African continent, focusing on equity and mezzanine investments in infrastructure concessions, operating companies and service delivery organizations.
Sollie also managed Absa Capital's investment in external infrastructure funds, which included Harith’s Pan African Infrastructure Development Fund (PAIDF) and headed up the Project Finance Infrastructure Division, responsible for debt origination in the PPP, Infrastructure with particular emphasis on PPP initiatives and limited recourse funding as well as for limited recourse transactions in the industrial sector. Earlier in his career, Sollie held the position of Associate Director, Structured and Project Finance at PSG Investment Bank as well as Assistant General Manager for four years at Nedcor Investment Bank in the Public Sector Project & Structured Finance Division. From 1981 to 1995, Sollie was employed as General Manager at the Development Bank of Southern Africa responsible for all project funding activities in Northern and Eastern Regions of South Africa, and funding in Southern Africa.
Senior Investment Director
Erik Wandrag has a B.Sc (Honours), he spent over six years as an Independent Consultant working in Strategy, management, business and project development consulting services to a variety of clients, including Sasol, Standard Bank and Royal Bafokeng Holdings to name a few. Erik then spent three years as Head of Business Development at Cennergi (Pty) Limited which is a joint venture between Tata Power, the largest independent power producer in India, and Exxaro Resources, the second largest coal producer in South Africa. His key responsibilities included business development, strategy and financial management.
Erik is currently the Senior Investment Director at Harith General Partners, where his responsibilities include enhancing the performance of investments, actualising new investments, establishing strategic partnerships and building brand equity.
Investment Director - Legal
BSocSci, LLB (UCT), LLM (Wits), LLM (Vrije Universiteit, Amsterdam)
Admitted attorney to the High Court of the Republic of South Africa
Pearl is an Investment Director for legal. She is responsible for legal matters relating to Harith’s investments including due diligence, structuring, negotiation, legal risk analysis and mitigation as well as the oversight of all shareholder, project and transaction documents. Prior to joining Harith, she worked at Absa Capital as senior legal adviser in the leverage and structured finance team advising on all finance related matters including project finance. Prior to Absa, she worked in the banking and finance departments of Norton Rose Fulbright and Clifford Chance.
Investment Director - CEO's Office
Bcom Honours; MBA
Lesiba has significant finance and telecommunications experience, with financial and management expertise gained from both the private and public sectors. He joined Vodacom SPRL in the Democratic Republic of Congo in 1999 as Head of Financial Management, has worked for Vodacom South Africa in Midrand, the Limpopo Economic Development agency in South Africa as Group Finance Director and also served as a Chief Operating Officer. He serves in various boards, including the South African Road Agency, Limpopo Province, and Checkers/Shoprite (Propriety) Limited – Thohoyandou, Limpopo Province.
Virginia de Ujfalussy
Investment Director: Legal
BA, LLB, LLM
Virginia is responsible for all legal matters regarding Harith’s investments including due diligence, structuring, negotiation, vetting, comprehensive legal risk analysis and mitigation as well as the oversight of all shareholder, project and transaction agreements. Prior to joining Harith, Virginia worked for South Africa’s premier development finance institution, the Industrial Development Corporation (IDC) . Virginia has worked in equity, debt and project finance in several cross-border Africa investments and projects.
She is an admitted Attorney of the High Court of the Republic of South Africa.
BA (Economics and Statistics), MA (Economics with Finance), ACCA Certificate, Certificates in Project Management, Business Process Improvement and private Equity
Ernest has over 15 years experience and heads Harith’s West Africa Office in Accra, Ghana. Before joining Harith, he occupied key positions of accountability in Ghanian organisations Involved with pension fund management, private equity fund management, investment and development banking and economic research. He has worked on multi-million dollar projects spanning ICT, banking and finance, energy real estate, manufacturing and hospitality across Africa. He has published finance and Investment articles in world journals including the Journal of Small Business Management and the International Journal for Financial Services Management.
BCom (Accounting and Economics), Higher Diploma in Investment Management
Beryl has over 10 years’ experience in structuring and executing project/structured financing and M&A transactions, with a focus on energy and infrastructure. She was a senior account manager in the Corporate and Structured Finance department of the Industrial Development Corporation South Africa.
Prior to joining the IDC, she worked for Fieldstone for seven years, an international project finance advisory firm specialising in energy.
BEcon (Hons) (Economics) MBL
Thenjiwe is an economist at Harith. Previously she ran the PIC’s Fund of Funds Unit. Thenjiwe made a total of 7 fund investments totalling ZAR 2 billion during her period at the PIC. Prior to joining PIC she worked for the National Treasury Asset and Liability Division responsible for restructuring state owned enterprises in the telecoms and energy sectors. She brings to the team 15 years experience in corporate finance, private equity and development finance, having worked for Standard Bank, Wesbank corporate finance as well as the Development Bank of Southern Africa.
Senior Investment Analyst
Lumka is a Senior Investment Analyst within the Harith investment team. Lumka has over six years of experience in deal-making, financial analysis and modelling, and conducting due diligence.
Prior to joining Harith, she worked as an Account Manager at the IDC, where she worked on a number of transactions across different sectors such as agro-processing, forestry, metals and renewable energy, among others. Prior to this she was a Financial Analyst within the Assets and Liabilities Management (“ALM”) team at the National Treasury.
BSc: Actuarial and Financial Mathematics
Xavier is an analyst in the investment team. Xavier obtained BSc: Actuarial and Financial Mathematics from UP and is a student member of the Chartered Financial Analyst (CFA) Institute.
He covers a number of different sectors as an analyst, inter alia, infrastructure, energy and other wider-field areas. This has allowed him to develop a broad understanding across a wide variety of sectors and business areas. He also has a good quantitative background that has equipped him with the excellent technical skills, particularly in a number of modeling languages such as Matlab, SAS and Excel VBA.