Mvelaphanda Group () is a company in

South Africa South Africa, officially the Republic of South Africa (RSA), is the Southern Africa, southernmost country in Africa. Its Provinces of South Africa, nine provinces are bounded to the south by of coastline that stretches along the Atlantic O ...

, listed on the

Johannesburg Stock Exchange JSE Limited (previously the JSE Securities Exchange and the Johannesburg Stock Exchange) is the largest stock exchange in Africa. It is located in Sandton, Johannesburg, South Africa, after it moved from downtown Johannesburg in 2000. In 2003 ...

(JSE), that was founded by

Tokyo Sexwale Mosima Gabriel "Tokyo" Sexwale (; born 5 March 1953) is a South African businessman, politician, anti-apartheid activist, and former political prisoner. For many years, Sexwale was imprisoned on Robben Island for his anti-apartheid activities, ...

, a compatriot of

Nelson Mandela Nelson Rolihlahla Mandela ( , ; born Rolihlahla Mandela; 18 July 1918 – 5 December 2013) was a South African Internal resistance to apartheid, anti-apartheid activist and politician who served as the first president of South Africa f ...

. The group was formed in 2003/4 by the

merger Mergers and acquisitions (M&A) are business transactions in which the ownership of a company, business organization, or one of their operating units is transferred to or consolidated with another entity. They may happen through direct absorpt ...

of Mvelaphanda Holdings and Rebserve. Mvelaphanda Holdings is active in the fields of

financial services Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns finan ...

healthcare Health care, or healthcare, is the improvement or maintenance of health via the preventive healthcare, prevention, diagnosis, therapy, treatment, wikt:amelioration, amelioration or cure of disease, illness, injury, and other disability, physic ...

mining Mining is the Resource extraction, extraction of valuable geological materials and minerals from the surface of the Earth. Mining is required to obtain most materials that cannot be grown through agriculture, agricultural processes, or feasib ...

, general industry and

real property In English common law, real property, real estate, immovable property or, solely in the US and Canada, realty, refers to parcels of land and any associated structures which are the property of a person. For a structure (also called an Land i ...

. Mvela Holdings is the controlling shareholder of Mvelaphanda Group Ltd and has a significant interest in JSE-listed Mvelaphanda Resources Ltd. It has other substantial privately held interests in the mining, energy, real estate and various other industrial sectors in

and Africa. The chief executive of the company is Mark Willcox. In January 2012, Mvelaphanda Holdings, OZ Management (a subsidiary of Och-Ziff Capital Management Group) and Palladino Holdings announced the creation of a joint venture called Africa Management Limited, which will also see the creation of African Global Capital, a platform through which to invest in public and private markets across Africa. This platform will focus primarily on natural resources.

Controversy

Mvelaphanda has been the subject of scrutiny due to its involvement with Palladino Holdings in a

USD The United States dollar (symbol: $; currency code: USD) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it int ...

25 million loan to start up a state mining company. The terms of the loan stated that in the event of default, the lender could receive payment in kind to the value of the loan, up to 30% in state mining assets.

References

External links

Mvelaphanda Group Limited
Conglomerate companies of South Africa {{SouthAfrica-company-stub