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
What we promise
Our Commitment
- Be an active investor with a proven track record.
- Contribute to financial robustness in all our investments.
- Consistently demonstrate excellent performance by a qualified and experienced executive team with strong business and financial acumen.
- Secure long-term relationships with banking partners.
- Invest in strategic partners with long-term growth potential.
- Sustain a Level 2 BBBEE rating.
- Facilitate socio-economic growth and development in the sectors in which we operate, as well as in communities as a whole.
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.”
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.
CA(SA) CFO(SA)
Rated as a high performer at PwC, Logamal’s passion for service led her to leave the consulting space and move into a Group CFO position at Netsurit in 2012; followed by Group CFO and Non-Executive Director positions at Optimi Learning. In February 2021, Logamal joined Masimong Group as CFO, and a year later she was appointed CEO. In her new role, she uses her local and international experience to help build and lead a best-in-class investment company. Logamal’s many achievements include being nominated for the SAICA ‘Top 35 Under 35’, finalist for ‘Young Professional of the Year’ at the SA Professional Services Awards, country winner of the CEO Global ‘Africa’s Most Influential Women in Business and Government’ award and being named as one of the ‘Global Top 50 Women in Accounting’.
“I am a results driven CEO who thrives in an entrepreneurial culture that keeps me on the edge. I aim to use this motivation and passion to add value to Masimong as we continuously grow our asset base and build a renowned investment company that makes a significant contribution to our nation.”
Where we come from
Our History
Founded in 2013 by the merger of Mike Teke and Douglas Gain’s assets, Masimong was born out of the need to create an innovative approach to growth and socio-economic development in South Africa.
With strong backgrounds in the mining sector, they identified mining, agriculture, financial services and industrial as the sectors with the most strategic importance to the country, as well as the greatest potential for growth.
Optimistic about South Africa’s future, they decided to focus on outputs critical to the country’s long-term success, namely commodities such as coal, commercial farming, financial services, and industrial production and distribution. These, they believed, offered both the best potential for growth as well as the development potential necessary to address such persistent problems as poverty, food security and safe water.
With this in mind, they set about rationalising the investment portfolio, selling off non-core assets that did not fit with the Group’s strategic profile and making major acquisitions in the four identified sectors. Masimong intends to grow its assets under management within the foreseeable future and to continue to set a new standard as a best-in-class, diversified, majority black-owned and controlled investment company.
“In forming the Group we took a decision to focus on empowerment, growth and value creation by taking advantage of investment opportunities in core strategic sectors that support both economic growth and social development in South Africa.”
/ Mike Teke
