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.
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.
Investment Director in the Office of the CEO
Mr Morallane has a BCom Honours and an MBA. He 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.
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.
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.
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.
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.
Head - International
Somdatt Kurdikar, based in London, is responsible for Harith’s fundraising from international investors and unlocking global capital for deployment in Africa. He will also be sourcing opportunities and partners globally to invest alongside Harith. Harith is the exclusive fund manager for Pan African Infrastructure Development Fund – a US$ 630 million fund – investing in infrastructure in Africa.
With over 13 years of corporate finance experience, prior to Harith, Som was responsible for the business development effort in Africa for an Indian conglomerate, Essar – a company with diversified infrastructure assets and a revenue of US$ 15 billion. Prior to that Som has been in investment banking having worked for Deutsche Bank and Barclays Capital in London.
An MBA from INSEAD, he is a chemical engineer from India’s top ranked university Institute of Chemical Technology and a post-graduate diploma from the prestigious Indian Institute of Management.
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.
CA(SA) M.BUS.Sc Investment Accountant Satish has 12 years working experience in finance and investment banking. Prior to joining Harith, Satish worked at Investec, Brait Private Equity, First Africa and NM Rothschild. Satish completed his articles at Investec and achieved 3rd overall for the SAICA Part II Board exam. Satish's primary responsibilities are to assist with monitoring, reporting as well as valuation of the investments. Satish is also involved in deal execution, accounting and administration of PAIDF as well as in the development of strategic projects.