The African Rainbow Capital team members hold a wealth of experience in the financial services industry and empowerment work, which they leverage to create strong returns for shareholders and make a positive contribution to South Africa.
With a BA and LLB, Patrice Motsepe became a partner at Bowman Gilfillan in 1994, specialising in mining and business law. Three years later, he ventured into mining, buying shafts from Anglo Gold and establishing African Rainbow Minerals.
In 2003, as part of The Giving Pledge, he formed the Motsepe Foundation, where he aims to donate half his wealth during his lifetime. The aim of the Foundation is to use the principle of ubuntu to uplift others.
Motsepe is now chairperson of a variety of companies, including Ubuntu-Botho Investments, and is the deputy chairperson of Sanlam. He is the chairperson of ARC.
He became an entrepreneur at the age of seven, working in his father’s grocery shop. He is now married to Dr Precious Moloi-Motsepe, with whom he has three sons, and owns Mamelodi Sundowns Football Club.
"If we continue doing the right things in South Africa and Africa, we can create a very exciting and competitive global market here."
Johan van Zyl holds a PhD in Economics and a DSc in Agricultural Economics and worked in academia as a professor of agricultural economics and as consultant for the World Bank before being appointed as the vice-chancellor of the University of Pretoria. He became CEO of Santam in 2001. Two years later, he was appointed Group CEO of Sanlam Limited.
Under his strategic leadership Sanlam became a top performing financial services institution. He also diversified Sanlam and changed the perception of it as an insurance provider for a mainly white Afrikaans market to a dynamic emerging market financial services provider.
Van Zyl is currently a non-executive director of Sanlam Limited and Co-CEO of ARC.
He lives in Cape Town with his wife, Cristelle Van Zyl. They have two sons and a daughter.
“THE BIGGEST CONTRIBUTION ARC CAN PROVIDE TO THE BROADER COMMUNITY IS TO BE A WORLD CLASS COMPANY. THE CHALLENGE IS TO, FIRSTLY, USE THAT WORLD-CLASS BASE TO CREATE MONEY FOR OUR SHAREHOLDERS AND SECONDLY, TO PLOUGH MONEY BACK INTO COMMUNITIES TO MAKE A DIFFERENCE.”
After qualifying as a Chartered Accountant, Johan went on to do a Master in Income Tax (University of Pretoria) and an M Phil Finance at Cambridge University. He also participated and completed the Advanced Management Programme at Harvard Business School and the Challenge of Leadership at Insead Business School.
He joined Investec Asset Management in 1997 as Head of Resources and became the Global Sector Head of Resources in 2000. He was also a director and Executive Committee member of Investec Asset Management.
In 2002 he was appointed as CEO of Sanlam Investment Management. In May 2003 van der Merwe was appointed CEO of the Investment Cluster responsible for all the investment businesses in the Sanlam Group. In 2005 and 2007 he took, in addition to Sanlam Investments, responsibility for Sanlam Capital Markets and Sanlam Employee Benefits respectively.
He is now Co-CEO of African Rainbow Capital and a non-executive director on the Sanlam Investments, Sanlam Capital Markets and Sanlam Employee Benefits Boards.
He is a very keen swimmer and sports enthusiast.
Van der Merwe and his wife, Edna, have a daughter and two sons. They live in Stellenbosch.
“IN ORDER TO BE A GOOD CORPORATE CITIZEN, YOU HAVE TO BE FINANCIALLY STRONG. AS IT’S IMPERATIVE TO DO WELL IN ORDER TO DO GOOD.”
Advocate Andrew Matubeholds a BA and LLB. Since 1992 he has practised law as a sole practitioner engaging in property and corporate law, criminal work and litigation.
Matube is the legal consultant for the South African Black Social Workers Association (SABSWA), previously holding the title of National Vice President. He is the chairperson for Management Council: National Institute for Crime Prevention and Rehabilitation of Offenders.
Married with three children, Matube lives in Pretoria West.
Machiel Reyneke has extensive experience in the insurance industry and financial services in general. In addition to being the head of Mergers and Acquisitions of African Rainbow Capital, he serves as a board member and member of various subcommittees of notable insurers including Santam, MiWay Limited and Centric Insurance Limited.
After completing his articles at PWC, Reyneke joined the corporate finance division of Gencor. Three years later he joined Sappi Limited and rose through the ranks to become the finance director of Sappi International. After a spell at Gensec Bank as a general manager looking after strategic projects, he joined Santam Limited in 2001 as finance director, a role which he filled for ten years. During his tenure, the company’s capital and reinsurance structures were substantially revised, which resulted in the company being rerated substantially.
Reyneke is a chartered accountant (SA) and holds a BCom (Hons) and certificate in the theory of accountancy from the University of Johannesburg.
He lives in Stellenbosch with his wife, Erna, and has a son and daughter.
With several degrees under her belt – a BA, MA, PhD and LLB – Rejoice Simelane started her career as a lecturer in economics at the University of Swaziland. Between 1998 and 2001 she worked at the Department of Trade and Industry and at National Treasury.
She later served as Special Adviser: Economics to the then Premier of Mpumalanga until mid-2004 when she assumed the position of Chief Executive of Ubuntu-Botho Investments.
Rejoice’s directorships include Sanlam and Mamelodi Sundowns Football Club. A recipient of a CIDA Scholarship and a Fulbright Fellow, she also served as a member of the Presidential Economic Advisory Panel under former President Mbeki until 2009.
In addition, she was a member of the advisory board of the Bureau for Economic Policy Analysis of the University of Pretoria.
Tom Boardman, who has a BCom and CA(SA), was chief executive of Nedbank Group from December 2003 to February 2010. Prior to this, he was chief executive and executive director of BoE, which was acquired by Nedbank in 2002. He was the founding shareholder and managing director of Boardmans, which he sold to Pick n Pay in 2006 (it is now owned by Edcon).
He was managing director of Sam Newman and worked for Anglo American for three years. He served his articles at Deloitte. He is a non-executive director of Nedbank Group, Woolworths Holdings and Royal Bafokeng Holdings.
Boardman has also been appointed non-executive director of Kinnevik, a listed Swedish investment company. He is also a director of The Peace Parks Foundation, chairman of The David Rattray Foundation and serves as a trustee for a number of other charitable foundations.