Mzi Godfrey Khumalo (born 4 November 1955) is a South African businessman and

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 ...

entrepreneur.

Early life

Raised by a single mother, Khumalo grew up in

KwaMashu KwaMashu is a township north of Durban, South Africa. The name is in honour of Sir Marshall Campbell and means ''Place of Marshall''. KwaMashu is bordered by Newlands East to the south, Newlands West to the west, Ntuzuma to the north, Phoenix t ...

‚ Durban. One of ten siblings, his father died before he was nine years old. As a young boy, Khumalo made money buying and selling old oil cans and, later, made an income from buying and selling fuel. In the 1970s Khumalo joined the

African National Congress The African National Congress (ANC) is a social-democratic political party in South Africa. A liberation movement known for its opposition to apartheid, it has governed the country since 1994, when the first post-apartheid election install ...

, serving in its military wing. In 1978, he was arrested and charged with treason, and sentenced to 20 years in prison on

Robben Island Robben Island ( af, Robbeneiland) is an island in Table Bay, 6.9 kilometres (4.3 mi) west of the coast of Bloubergstrand, north of Cape Town, South Africa. It takes its name from the Dutch word for seals (''robben''), hence the Dutch/Afrik ...

. He served alongside figures such as Nelson Mandela for anti-apartheid activities before being released in 1990. He was the 27th prisoner to enter Robben Island in 1979, and was given prisoner number 2779. Khumalo holds a Bachelor of Commerce degree from the

University of South Africa The University of South Africa (UNISA), known colloquially as Unisa, is the largest university system in South Africa by enrollment. It attracts a third of all higher education students in South Africa. Through various colleges and affiliates, U ...

Business

He has held the position of Chairman at various companies, including

JCI Limited JCI or Johannesburg Consolidated Investment Co. Ltd. was founded in 1889 by the British entrepreneur Barney Barnato. JCI was a major force in South African mining for over 100 years. Using his investments in the Kimberley diamond fields, particul ...

and Point Waterfront Corporation. Khumalo founded financial services company Capital Alliance Holdings, which was later sold with $8 billion of assets under management. He is Chairman of Gold and General, which owns the majority shares in Metallon Corporation as well as other family investments. Alongside mining, he has interests in the telecommunications industry.

References

External links

* http://www.mineweb.com/articles-by-type/analysis/mzis-isback/ * http://www.africansuccess.org/visuFiche.php?lang=en&id=678 * http://mg.co.za/article/1996-11-29-jci-price-is-inflated * https://soundcloud.com/radiofranceinternationale/south-africa-mining-on-decline-zimbabwe-bond-notes-not-sustainable-says-mzi-khumalo-of-m * https://www.businesslive.co.za/bd/opinion/2018-04-27-mzi-khumalo-decoding-lessons-from-robben-island-and-tips-for-africas-emerging-leaders/ 1956 births Living people South African businesspeople Anti-apartheid activists {{AntiApartheid-activist-stub