Mvelaphanda Group () is a company in

South Africa South Africa, officially the Republic of South Africa (RSA), is the southernmost country in Africa. It is bounded to the south by of coastline that stretch along the South Atlantic and Indian Oceans; to the north by the neighbouring countri ...

, listed on the Johannesburg Stock Exchange (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. Sexwale was imprisoned on Robben Island for his anti-apartheid activities, alongside figur ...

, a compatriot of

Nelson Mandela Nelson Rolihlahla Mandela (; ; 18 July 1918 – 5 December 2013) was a South African Internal resistance to apartheid, anti-apartheid activist who served as the President of South Africa, first president of South Africa from 1994 to 1 ...

. The group was formed in 2003/4 by the

merger Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspect ...

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

financial services Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, acco ...

healthcare Health care or healthcare is the improvement of health via the prevention, diagnosis, treatment, amelioration or cure of disease, illness, injury, and other physical and mental impairments in people. Health care is delivered by health profe ...

mining Mining is the extraction of valuable minerals or other geological materials from the Earth, usually from an ore body, lode, vein, seam, reef, or placer deposit. The exploitation of these deposits for raw material is based on the economic via ...

, general industry and

real property In English common law, real property, real estate, immovable property or, solely in the US and Canada, realty, is land which is the property of some person and all structures (also called improvements or fixtures) integrated with or affixe ...

. 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 Sculptor Capital Management (formerly Och-Ziff Capital Management Group) is an American global diversified alternative asset management firm. They are one of the largest institutional alternative asset managers in the world. The firm operates m ...

Group) and Palladino Holdings announced the creation of a joint venture called

Africa Management Limited Africa is the world's second-largest and second-most populous continent, after Asia in both cases. At about 30.3 million km2 (11.7 million square miles) including adjacent islands, it covers 6% of Earth's total surface area ...

, 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 USD25 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