Our team is made up of experienced and talented professionals who bring credibility, insight, and a commitment to excellence. We pride ourselves on high performance, professionalism, and a shared drive to create lasting impact.
Trustee & Board Chairperson Member: Investment Committee
Lungile is a seasoned private equity professional who was an investment executive for 19 years at Metier Private Equity where she was responsible for deal origination, transaction implementation, post investment management and representing Metier on the boards and subcommittees of investee companies. She also served as director and treasurer of the South African Venture Capital and Association (SAVCA).
Her post articles career began in structured finance, working at Wipcapital, a subsidiary of Wiphold. Lungile also worked at De Beers’ corporate finance division where she gained experience in debt raising, valuations and company restructurings before joining Metier Private Equity in 2005.
She is currently a non-executive director of E Squared, Merchant West, Southey Holdings, Kaufman Levin & Associates (KLA) and Master Plastics.
Trustee & Non-Executive Director Chairperson: Finance & Risk Committee Member: Investment Committee
Zipho Sikhakhane is a sought-after global speaker, entrepreneur and business strategist. Her expertise on leadership, change, and organisational culture has positively impacted multinational corporations operating in emerging markets. She holds a Master of Business Administration from Stanford University in the United States and a Bachelor of Business Science from the University of Cape Town in South Africa, both completed on a full merit scholarship. She has travelled to over 40 countries and worked across 6 continents for leading multinational corporations. She gives back by serving on corporate boards and supporting entrepreneurs across the African continent.
Trustee, Chairperson: Investment Committee
Rob is a senior executive in Allan & Gill Gray Foundation, broadly responsible for its interests in Africa. He is a director of Allan Gray Group Limited, Orbis Holdings Limited, Orbis Allan Gray Limited and Allan & Gill Gray Philanthropy Africa NPC. Rob joined Allan Gray Limited in 2003 and was Chief Operating Officer of that company from 2009 to 2018. He previously worked as a management consultant with McKinsey in the UK and before that as an engineer with Unilever in South Africa.
Rob is married to Liesel and they have four children. In their free time he and Liesel enjoy spending time on the mountains of the Western Cape on foot and bicycle. He also makes things in his garage and plays casual bridge.
Trustee, Member: Investment Committee
Nadya Bhettay is a seasoned executive and corporate finance expert with over 25 years of experience spanning telecommunications, technology, and finance. She is a Chartered Accountant (SA) and holds a Bachelor of Business Science (Finance) (Honours) from the University of Cape Town (UCT).
Ms. Bhettay currently leverages her expertise through several non-executive and advisory roles. She serves as a Non-Executive Director (NED) on the board of Capitec Bank, sitting on the audit and risk committees, and also sits on the Metrofibre and E Squared boards. She consults to the CEO of Discovery Health on strategic projects, preventative health, and AI.
Her executive career is highlighted by her leadership at Vodacom Group. As Group Chief Strategy Officer (2016–2019), she led the development of Vodacom’s strategy to transform into a leading digital company (“telco to techco”). Key achievements include leading the R35 billion acquisition of a 35% stake in Safaricom, the execution of the R16.4 billion BEE deal, and the listing of Vodacom Tanzania on the DSE. Subsequently, as COO of Vodacom Business: Ventures & Partnerships (2019–2022), she managed a portfolio of tech companies and established strategic partnerships with major technology players, including AWS, and smaller startups.
Earlier in her career, she was the Financial Director for Vodafone Ireland and held key corporate finance roles at Vodacom where she led the company’s JSE listing in 2009 and the R7.5 billion BEE deal in 2008. She began her finance career as a Vice President in Morgan Stanley Investment Banking (2000–2005) after completing her articles at EY in Cape Town.
Nadya is passionate about women’s empowerment in the workplace and mentors women and schoolchildren.
Trustee, Chairperson: Human Resources & Remuneration Committee
Nomaxabiso Teyise is a seasoned business executive, board director and governance professional with over two decades of leadership experience across listed and private sector organisations. She serves as Chief People Officer at Lesaka Technologies, a JSE- and Nasdaq-listed fintech company, leading people strategy, organisational transformation and executive leadership. As Trustee and Non-Executive Director of E Squared Investments, she is passionate about advancing entrepreneurship, strong governance and inclusive economic growth. Nomaxabiso holds a BA and BA Honours in Industrial and Organisational Psychology from Nelson Mandela University, and completed the Advanced Programme in Organisational Development at the University of South Africa (UNISA).
Co-opted Member: Investment Committee
Puso Manthata is a seasoned investment banking and corporate finance professional with over 23 years of experience across corporate finance, debt capital markets and equity capital markets.
He is a Chartered Accountant by training and commenced his career at Investec, subsequently holding senior roles at Deutsche Bank, Goldman Sachs and RMB, where he served as Co-Head of Corporate Finance. He later joined Vodacom as Chief Officer: Strategy, M&A and Business Development, where he was involved in the Group’s significant strategic and investment transactions across South Africa and the broader African continent.
Puso is currently a Senior Partner at Capital Link Partners, where he focuses on corporate finance advisory, capital raising and the development of alternative investment strategies, including private credit and special opportunities.
Co-opted Member: Finance & Risk Committee
Logandree is a seasoned investment professional with over 20 years of experience, focussing primarily on the credit environment. She is a CA (SA) and a member of the IODSA.
She is an experienced credit executive, contributing her expertise as a valued member of Investment and Credit Committees across diverse asset classes, industries, and credit life cycles. She is skilled in optimizing structures and processes, risk management and governance frameworks ensuring adaptability to future requirements.
Logandree has a keen interest in development and impact financing, with a special focus to fostering Small, Medium, and Micro Enterprises (SMMEs) and promoting education. She firmly believes in the transformative power of these endeavours in empowering individuals and driving economic development.
Logandree is deeply dedicated to guiding, coaching and nurturing talent.
Chief Executive Officer, Trustee and Executive Director
Gladwyn Leeuw is the Chief Executive Officer of E Squared Investments and leads firm strategy, investment execution, and impact across the organisation’s portfolios. Prior to his appointment as CEO in September 2023, Gladwyn served as E Squared’s Chief Investment Officer. Earlier in his career, he was a General Partner at a venture capital firm, led post‑investment management, and held senior leadership roles at enterprise and supplier development arm of a global mining company, and on the senior executive team at a leading South African Business Process Outsourcing company. An entrepreneur and educator, he has lectured at Wits and founded a peer‑to‑peer lending fintech alongside an independent business consultancy. Gladwyn holds a Master of Management in Entrepreneurship and New Venture Creation, a PGDip in Management (Business Administration), and a BA in Economic Studies and International Relations from Wits.
Chief Investment Officer
Pyi leads the investment function at E Squared, formulating and executing the investment strategy of the organisation. His professional background includes leadership roles in venture capital, private equity, and structured finance, giving him a broad perspective on high-growth businesses. Pyi holds an MBA from UCT. Away from work, he values quality time with family and friends.
Chief Portfolio Officer
With a background in engineering and experience as an investment committee member and entrepreneur. Tshilidzi brings a holistic perspective to supporting high-growth, sustainable businesses. She has managed post-investment start-ups and provided strategic direction as a board member to drive successful investments and profitable exits. She is a CFA Charterholder and holds a BSc in Chemical Engineering from Wits.
Chief Financial and Operations Officer
Ofentse formulates and executes the operational strategy for E Squared, covering finance, governance, treasury, and portfolio valuations. He has been instrumental in developing scalable processes to support the organisation’s growth. He is a CA(SA). Ofentse believes that his role at E Squared contributes to breaking the cycle of poverty in South Africa. Within his own family, he has witnessed the difference education and employment opportunities make in transforming future generations.
Head of Stakeholder Engagement and Communications
Audrey leads stakeholder engagement, marketing, and communications, shaping the organisation’s narrative, building strong relationships, and ensuring alignment between brand, mission, and impact. She has more than 15 years’ experience in stakeholder relations, event management, and publicity, with a strong focus on organisations with a social impact mandate. She is passionate about the development of entrepreneurs, with particular enthusiasm for helping businesses define their identity and develop their unique selling proposition.
Human Resources Business Partner
Verna is responsible for people and culture across the organisation. She has previous experience in parastatals, financial services, hospitality, gambling, and leisure. She holds an Executive MBA in HR from Eaton Business School and a legal degree from Wits. She has also completed leadership development, advanced HR management, and financial management programmes through UCT and GIBS. Verna enjoys attending music and classical concerts and deeply appreciates the creative talents of those in the arts and culture space.
Lead: Strategy, Planning, and Organisational Performance
Nicky drives the execution of E Squared’s strategy through project implementation, operational planning, and the monitoring, evaluation, and reporting of initiatives against key targets. After qualifying as a CA(SA), she gained international experience in the US and UK before spending more than eight years in strategy formulation and implementation consulting across diverse sectors. She is passionate about enabling teams through creating clarity and structure in strategy planning and execution efforts. Outside of work, she enjoys being outdoors and active, including walks with her dog.
Executive Assistant to CEO
Tazmin forms an integral part of the CEO’s Office by coordinating the diaries of the CEO and executive team. She also assists the staff cohort with various coordination needs and support on an ad hoc basis. She brings experience in publishing, marketing, and brand development and management and holds a BA (Hons) in Publishing Studies from Wits. Tazmin describes herself as an avid reader and someone who enjoys learning about people and various cultures through travel and cuisine.
Executive Assistant
Xabiso, an Allan Gray Scholarship alumna, provides post-investment administrative support, drawing on experience as a literacy specialist, regional representative, and university tutor. She holds a BSocSci in Politics, International Relations, and Psychology from Rhodes University. She is driven by her passion for people and places, a humanitarian by nature on a journey to recreate a more compassionate world.
Head of Venture Investments
Thato leads transaction appraisals and deal evaluations for early- and growth-stage ventures, focusing on high-impact opportunities and rigorous due diligence. He manages the full transaction lifecycle from pipeline development to post-investment monitoring, and supports portfolio growth through active engagement and strategic, impact-aligned guidance. Before joining E Squared, he managed impact investments for a black-owned investment firm, establishing its mandate and growing the portfolio of seed to late stage venture capital to over R500 million in assets. He is a CA(SA) and holds a PGDip in Accounting from UCT. In his spare time, Thato enjoys playing tennis, movies and spending quality time with his family.
Head of Growth Investments
Yasthira leads investment evaluations across early- and growth-stage ventures, driving due diligence and deal structuring. She manages transactions end-to-end, from pipeline development to Investment Committee presentation, and supports portfolio growth through active engagement and strategic guidance. She has previous experience in investment and advisory roles. She holds an MBA from IE University. She is passionate about discovering new cultures through food and travel, and cherishes quality time with family.
Head of Social Entrepreneurship Investments
Zakiya leads investment evaluations for early- and growth-stage social enterprises, managing the full transaction lifecycle from pipeline development to Investment Committee presentation and post-investment monitoring, and supports portfolio growth through active engagement and strategic, impact-aligned guidance. She has previous experience in private equity, development finance, and professional services. She is a CA(SA) and holds a BCom (Hons) in Accounting from UWC. She is passionate about travelling and exploring new cultures, people, and food. She also enjoys reading, music, and water activities.
Head of Portfolio: Social Entrepreneurship
Khethiwe Nkuna currently serves as Head of the Social Entrepreneurship Portfolio at E Squared Investments, where she leads work focused on strengthening social enterprises and advancing sustainable, inclusive economic participation.
She has over two decades of experience across leadership, transformation, responsible business, social impact, and human-centred organisational development.
Through her leadership, Khethiwe creates spaces for courageous and honest conversations that inspire personal, organisational, and collective transformation.
Head of Portfolio: Seed and Growth
Post Investment Value Creation – Head of Portfolio: Seed and Growth
As Head of the Seed and Growth Portfolio, Kgosi leads the Value Creation team, where the focus is on ensuring that E Squared’s post-investment support meets the unique needs of its portfolio companies. He is deeply passionate about fostering innovation and addressing real-world challenges through venture capital. A core part of his mission is to help grow South Africa’s venture ecosystem, ensuring talented founders have access to the capital and guidance they need to succeed. His career spans listed and unlisted investing, with experience in investment management, deal execution, asset management, and research. He holds an MSc in Finance from Bentley University (US) and a BA (Hons) in Accounting and Finance from Manchester Metropolitan University. Outside of work, Kgosi enjoys sport, literature, and gaming.
Head of Portfolio: Pre-Seed
Tumisho leads the Pre-Seed investment strategy and venture building team, driving value creation, capital deployment, and post-investment management across early-stage ventures. She plays a key role in de-risking start-ups at a critical early stage, shaping a pipeline of scalable and sustainable businesses. Tumisho has deep experience in business incubation, acceleration, and ESD. She holds an MBA (GIBS). She believes that big things often start small, just as a seed grows in the right conditions. Apart from work, Tumisho enjoys reading, being outdoors, watching movies and spending time with family.
Legal Investment Manager
Sive is E Squared’s Legal Investment Manager, where he supports the structuring and execution of investment transactions and provides legal insight across the investment lifecycle. He holds an LLB from the University of the Witwatersrand and brings experience in corporate, commercial and project finance law, having advised on legal due diligence, acquisitions, joint ventures, financing transactions and broader commercial matters across a range of sectors.
Senior Investment Associate
Daniel is responsible for financial modelling, valuations, due diligence, and deal structuring across industries, including preparing investment cases for the Investment Committee and serving as an observer at board meetings. He has previous experience in private equity, debt and equity funding.. Daniel is a qualified Advanced Financial Modeller (AFM) and holds a BCom (Hons) in Finance from UJ. Daniel is passionate about finding solutions to African challenges.
Senior Investment Associate
Brett focuses on sourcing investment opportunities, conducting investment analysis and due diligence, structuring transactions and serving as an observer at board meetings. Prior to joining E Squared, he spent three years in the Deals team of a leading global professional-services firm, advising private equity firms and corporates on acquisitions, disposals, and strategic transactions. Brett is a CA(SA), a CFA charterholder and holds a Business Science degree specialising in Finance and Accounting and PGDip in Accounting from UCT. Outside of work, he enjoys surfing, reading, playing the guitar, and spending time outdoors.
Senior Investment Analyst: Social Entrepreneurship
Ra’ees focuses on sourcing and evaluating social enterprise investments, conducting due diligence, preparing investment memorandums, and presenting opportunities to the Investment Committee. He has previous experience in operations, HR, R&D, and retail sales. He holds an FMVA (Financial Modelling & Valuation Analyst) designation and a PGDip in Business Administration from GIBS. He is passionate about reading, fitness, football, and the ocean.
Junior Investment Anaylst
Yazini supports the investment team with sourcing and assessing transactions, research, and preparing screening notes and memorandums. She is currently completing an MCom in Finance and holds a BBusSci in Finance with Accounting (UCT). Curious and adventurous by nature, she is passionate about exploration, holistic healing, exercise, and always open to trying new things.
Value Creation Manager: Seed & Growth Portfolio
Peter manages post-investment value creation, supporting portfolio companies with strategy development, market expansion, operational efficiency, and governance. He brings over 15 years’ experience across venture capital, strategic advisory, and entrepreneurship, including founding and scaling start-ups. He holds a PGDip in Management (Business Administration) from Wits Business School. He is passionate about empowering entrepreneurs to build scalable, impactful ventures, and enjoys working with bold ideas and ambitious founders to unlock growth.
Value Creation Manager: Seed & Growth Portfolio
Russell Mark Julius is a South African investment professional and entrepreneur. He works at the intersection of venture capital, fund management, and post-investment value creation, supporting early- and growth-stage businesses with strategy execution, governance, capital allocation, and operational scaling. He is also the founder of multiple ventures and SMEs, bringing an operator’s perspective to his work with portfolio companies and a practical understanding of the realities founders face. Russell is committed to advancing sustainable investment into the real economy to drive long-term growth and inclusive development in South Africa and across the African continent.
Post-Investment Value Creation Analyst
Tshepiso Mashinini is a development and impact investment professional operating at the intersection of research, evidence, strategy and enterprise sustainability in emerging markets. As a Post-Investment Value Creation Analyst in E Squared’s Social Entrepreneurship portfolio, she supports social enterprises that are developing practical solutions to unemployment and economic exclusion among South African youth; helping them strengthen their programmes, measure the difference they make, and build financially resilient models capable of creating meaningful economic opportunity at scale.
Tshepiso holds a Bachelor of Social Science Honours in Development Studies, awarded with first-class honours, and a Bachelor of Social Science in Politics and Public Governance and English Language and Literature, both from the University of Cape Town. She is currently completing a Master of Philosophy in Health Innovation at the same institution. Her research explores the equitable adoption of biomedical reproductive health technologies among marginalised women in low- and middle-income countries, reflecting her broader commitment to ensuring that innovation reaches and benefits those who are most often underserved.
Venture Builder: Pre-Seed Portfolio
Obakeng helps turn bold ideas into thriving businesses. He is responsible for pre-seed deal sourcing and preparation and presents investment recommendations to the Pre-Seed Investment Committee. Once the pre-seed investments are approved, he provides dedicated support to investee businesses towards their pre-seed growth goals and objectives. He has previous experience in investing in technology innovations and public sector IP commercialisation, business development and portfolio management in development finance. He holds an MSc in Biotechnology from UP. He is passionate about fostering entrepreneurial success and accelerating the development and growth of technology-focused and innovative start-ups.
Venture Builder: Pre-Seed Portfolio
Njabulo supports early-stage ventures through tailored venture building, helping founders validate, launch, and scale impactful businesses. His role includes pre-seed deal sourcing, preparation, investment readiness, and hands-on support to accelerate growth and sustainability. He brings a diverse background with roles in entrepreneurship, financial services, corporate development (M&A), technology, innovation strategy, private equity, and venture capital. Njabulo holds a BBusSci in Finance from UCT and has completed further training in venture development and systems thinking. He is passionate about building and investing in African ventures that solve real-world problems and create inclusive economic opportunities.
Venture Builder: Pre-Seed Portfolio
Tshidiso is a venture builder at E Squared and a proven founder who co‑built a logistics company into a national last‑mile platform. He specialises in turning early ideas into investable, scalable businesses, combining hands‑on startup experience, sharp unit economics and UK–Africa market exposure to support founders with confidence and clarity. He holds an MBA, University of Sussex, UK.
Financial Manager
Tshilidzi supports the CFO through oversight of financial reporting, planning, and operations. She has previous experience in finance leadership roles covering reporting, treasury, and shared services. She holds a BCom (Hons) in Chartered Accountancy from UJ. She is passionate about childhood development and education, believing all children deserve a chance not only to enter the schooling system but to access excellent education that sets them up to compete fairly no matter their backgrounds.
Senior Accountant
Lawrence provides financial, operational, and governance support to ensure valid, accurate, and complete financial reporting, and compliance with relevant statutory bodies. He holds an Adv Dip in Accounting Sciences from UNISA. He is passionate about acquiring new skills, applying those skills in his area of work to improve processes and operational efficiency.
Accountant
Faith provides financial and operational support and liaises with shared services to ensure timely and accurate processes. She has previous experience assisting with accounting functions and holds a PGDip in Financial Management. Faith is passionate about helping disadvantaged learners apply for university by funding their application and registration fees through an NPO she co-founded with her cousin, where she serves as secretary.
Risk and Compliance Officer
Tebogo serves as E Squared’s Risk and Compliance Officer, focused on strengthening governance, enterprise risk management, compliance, and business resilience. With over five yearsS experience across telecommunications, fintech, and aviation, she views risk management as both a safeguard and a strategic enabler of innovation. Tebogo holds a BCom in Law and a BCom (Hons) in Insurance and Risk Management from Wits.Passionate about sustainable growth and accountability, she brings the same dedication she applies to cycling to advancing E Squared’s mission.
Operations Officer
Karabo Mohlala supports the organisation’s operational environment by overseeing workplace operations, facilities coordination, and administrative processes that enable teams to work efficiently. Her role focuses on maintaining operational continuity through vendor management, asset administration, and cross-departmental collaboration.
She holds a Bachelor of Commerce (BCom) in Financial Management, which provides her with a strong foundation in business operations, financial oversight, and organisational governance.
Karabo has a strong interest in business operations and the development of new business opportunities and is passionate about contributing to organisational growth through improved operational processes, strategic support, and innovation.
Lead: Data Insights and Partnerships
Reabetswe leads the Data Insights and Partnerships function, improving how E Squared collects, manages, and uses data to support decision-making, drive performance, and strengthen engagements with ventures and ecosystem partners. He has previous experience in management consulting, with a focus on banking and financial markets. He holds a BCom (Hons) in Economics from Stellenbosch University. He is passionate about helping entrepreneurs succeed and believes in the power of data and storytelling to surface opportunities, track progress, and enable smarter, mission-driven support for ventures.
Stakeholder Engagement and Communications Manager
Thulani manages stakeholder engagement and communications, drawing on experience in brand development, strategic execution, and event coordination. He holds a qualification in Public Relations and Communications from UJ and is currently completing a BA in Strategic Brand Communications at Vega. Outside of work, Thulani is a passionate DJ, foodie, traveller, and adrenaline junkie who thrives on new experiences.
Investment Intern
Keketso contributes to sourcing and assessing transactions, research, and market mapping, as well as drafting screening notes and memorandums. He has previous operational experience as a bar manager, where he gained responsibility for shift management and reporting. Keketso holds a BCom in Economics and International Trade from NWU. He is an instrumentalist and can play most of the percussive instruments and is shy until given a mic and a stage.
Investment Intern
Mulisa supports the investment team with research, due diligence, investment memos, screening notes, and other ad hoc tasks. She holds a BCom(Hons) in Economic Analysis of Financial Markets from UCT. Beyond her professional interests, she is passionate about trying new things, and dressing up to dine at restaurants with beautiful aesthetics. She enjoys content creation.
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