With firm roots in the mining industry, the company has also diversified into agricultural, financial services and industrial investments to take advantage of value opportunities. We are committed to continuously growing our asset base within these sectors, and look forward to creating a best-in-class investment company that makes a significant contribution to our nation.
About us
Our purpose
Our History
About Masimong
Masimong Group was established in 2013 as an investment holding company focused on empowerment, growth and value creation.
Who we are
Our purpose
We exist to:
- Create growing and sustainable value for our stakeholders and ensure empowerment across critical sectors of the South African economy.
- To build a respected, larger scale, black owned and controlled investment group through disciplined investing in high quality people, businesses and opportunities.
What we believe
Our Values
Respect
Integrity
Agility
Excellence
Professionalism
Governance
Our leadership team
Founding member Mike Teke is the Chairman and controlling shareholder of Masimong Group. From his beginnings in education to his career in Human Resources he has gained extensive experience in people and business management, and shares his expertise by actively assisting the businesses he is involved in. Mike has served in numerous senior mining roles over the past 20 years and is currently the CEO of Seriti Coal. He serves in Non-Executive Directorships at Inter Alia Anchor and Rofles Holdings, Chamber of Mines and Richards Bay Coal Terminal. In keeping with his passion to leave a legacy for the next generation, he is also sits on the board of the University of Johannesburg.
“In building Masimong Group, I seek to create a size and scale, best-in-class investment group that makes a meaningful contribution to the lives of its people and communities. We need to create the next generation of leaders – they need to be empowered, supported and nurtured.”
Althea is the CEO of Masimong Group and a Director of various investee companies within the Masimong Group. Holding a CA(SA) and MBA qualification, she has a wealth of experience in Financial Services, having worked in investment, commercial and retail banking, and decided to expand her career by becoming the CFO of the Masimong Group after working in various senior roles at Nedbank, Standard Bank and FNB.
“It is a privilege to be working with such a highly experienced, knowledgeable and dynamic Executive team. I am excited about adding value and assisting Masimong to achieve even greater heights”
Douglas Gain is the co-founding member of Masimong Group and the Chairperson of the Investment Committee. Upon finishing his articles at KPMG, Doug joined Calibrated Diamonds as Financial Director accelerating the growth of the company before successfully moving on to the mining industry. His experience in the mining sector included an incubation at Warrior Coal, serving as the CFO of Optimum Coal until the Glencore buy-out, serving as the previous CEO of Masimong Group, before taking on the role of CFO at Seriti Resources.
“It is a privilege to work with the wider Masimong team. There is a strong like-mindedness and we are all focused on creating sustainable value in a responsible manner. Opportunities abound and they need to be smartly harnessed.”
B. Com B. Acc MBA FCMA
Chris has been a director of over 25 stock exchange listed companies and numerous unlisted companies over the years. He is currently CEO of investment group Sabvest Limited (which has been listed on the JSE since 1988), Chairman of Metrofile Holdings Limited, Torre Industries Limited and Transaction Capital Limited, Deputy Chairman of Massmart Holdings Limited, and a director of Brait SE and Rolfes Holdings Limited. He is a former Chairman of The State Theatre of South Africa and Deputy Chairman of the inaugural National Arts Council.
