At Mazi Asset Management, our strengths lie in our differences. By strategically representing these differences, we have achieved significant results for our clients. We value the diversity of thought, skills, people, and perspectives. We represent diverse cultures, backgrounds, professions, skills, and demographics. We’re actuaries, accountants, and auditors. We’re engineers, mathematicians, and statisticians. We’re researchers, analysts, and economists. We know investments. We know business. We know potential when we see it.
As the founder of Mazi Asset Management, Malungelo Zilimbola has been at the helm since its inception in October 2006. As Chief Executive Officer, he drives the firm's strategic direction, ensuring innovation and excellence across all aspects of the business, from investment management to operational efficiency and client engagement. With a wealth of experience spanning specialist equity funds, retail equity funds, listed property funds, and hedge funds, Malungelo is a recognised leader in the asset management industry.
In addition to Mazi, he is a distinguished member of the Young Presidents' Organisation (YPO) and a Fellow of the Aspen Global Leadership Initiative. His commitment to the financial sector extends to his roles as a Non-Executive Director of ASISA (Association for Savings and Investment South Africa) and a member of the Investment Committee of the Nelson Mandela Foundation.
With two decades of investment expertise, Asanda Notshe plays a pivotal role in shaping Mazi’s investment strategy. He has a deep curiosity for understanding how things work and a passion for helping people reach their full potential. His role at Mazi allows him to explore diverse investment opportunities while guiding clients towards achieving their financial goals.
His career began as an actuarial analyst at Alexander Forbes Financial Services, followed by a tenure at Stanlib, where he led the product development division. Since joining Mazi in January 2010, Asanda has been instrumental in portfolio management, investment research, and executive decision-making.
His analytical acumen and deep understanding of financial markets empower him to navigate complex investment landscapes, ensuring clients achieve sustainable growth and long-term financial success.
Francois began his career in 2000 and joined Mazi in October 2013. With extensive experience in investment management, Francois Olivier is a senior portfolio manager and a key member of Mazi’s executive committee. His global investment expertise, including a significant tenure in San Francisco, provides him with a unique perspective on high-value investment opportunities across diverse markets.
Francois began his career as an auditor at Ernst & Young, where he developed a solid foundation in financial analysis and risk assessment. His strategic insights and focus on value-driven investment solutions continue to enhance Mazi’s commitment to performance-driven asset management.
Kopano Makhu joined Mazi Asset Management in August 2015, bringing with him extensive experience in domestic fixed income and equity markets. He began his career as a graduate trainee at Hannover Re before moving to Sanlam Capital, where he led the fixed income division. Over the years, he has honed his expertise as a quantitative analyst, proprietary trader, and portfolio manager. At Mazi, he plays a key role in managing multi-asset portfolios, ensuring clients benefit from well-structured investment strategies.
Keonethebe Bosigo is the portfolio manager for the Mazi Africa Fund, applying a rigorous investment process to analyse listed companies across the continent. He began his career in 2007 and joined Mazi in December 2013. His expertise spans multi-management, equity analysis, and portfolio management. Keonethebe is committed to delivering superior returns for clients through disciplined and research-driven investment strategies.
With 20 years of investment experience, Stephán Engelbrecht is passionate about structured, systematic, and quantitative investment techniques. His expertise in data-driven decision-making has been integral to his role at Mazi. Currently, he is completing a PhD in Finance at Wits, focusing on Machine Learning in Investment Management, further strengthening his quantitative approach to portfolio management.
Shaun Bruyns joined Mazi in September 2019, bringing extensive experience. He began his career in 1996 as a Research Analyst at RMB Asset Management and progressed to roles including Head of Consumer Industrial Research, portfolio manager, and EXCO member. In 2009, he stepped away from corporate finance to launch a fast-moving consumer goods business before returning to investment management in 2019.
He began his career in the industry in 2003 and joined Mazi in October 2020, specializing in global equity analysis and portfolio management. His passion for financial markets drives his strategic investment appraisal and decision-making, ensuring long-term value creation.
Luxolo Mehlomakulu began his career in the industry in 1996 and joined Mazi in August 2016. He has built an extensive career spanning cost accounting, client reporting, and equity trading in South Africa’s asset management industry.
Natasha joined Mazi Asset Management in May 2022, leveraging her extensive experience in global equity analysis and management consulting. She was promoted to head of Research in March 2024. Her career spans roles at Melville Douglas, ERG Africa, Deloitte, and Worley Parsons, where she honed her expertise in business analytics and strategic investment research.
Mbasa joined Mazi Asset Management in May 2017, following her tenure at Ernst & Young and Arqaam Capital in Dubai. She was promoted to Deputy Head of research in March 2024. Her investment philosophy is rooted in pragmatism, guided by Jack Welch's maxim: "Face reality as it is, not as it was or as you wish it to be." She plays a key role in shaping Mazi's research strategy and investment decision-making.
Neo joined Mazi through its graduate programme in April 2022 and was appointed as an Investment Analyst in March 2023. With a strong academic foundation and an analytical mindset, she brings fresh perspectives to the investment team, ensuring Mazi stays ahead in a rapidly evolving financial landscape.
Kgapu began his career in the industry in 2003 and joined Mazi Asset Management, bringing a sharp analytical eye to the metals and mining sector. His expertise extends beyond financial modelling, providing deep insights into the broader economic landscape and industry dynamics. With a keen understanding of key stakeholders in the mining sector, Kgapu plays a pivotal role in identifying investment opportunities that align with Mazi's strategic vision.
Kefilwe joined Mazi Asset Management in November 2013 after beginning his career as an actuarial analyst at Alexander Forbes Financial Services. As an equity research analyst, he applies his actuarial expertise to uncover investment opportunities, strengthening Mazi's research-driven investment approach.
Moses joined Mazi Asset Management in October 2024, bringing over a decade of experience in financial markets. His career spans leadership roles at EFG Holdings, where he excelled in securities analysis, client engagement, and research innovation. With a proven track record in driving revenue growth and market expansion, Moses adds valuable strategic insights to Mazi's investment team.
Kabelo brings extensive investment experience, having worked at Renaissance Capital and Rand Merchant Bank. He began in the investment industry in 2015 and joined Mazi in May 2022. With a strong focus on the mining, paper, and packaging industries, he brings deep sector knowledge and analytical rigour to Mazi's investment strategies.
Jan joined Mazi in January 2022. He began his career at Allan Gray in 2006. He employs a systematic, evidence-based approach to investment research, ensuring Mazi remains at the forefront of global equity market opportunities.
Jaynesh began his career in the Stanlib graduate program, where he worked with the Africa ex-SA equity team and was later appointed as a portfolio manager. He joined Mazi in May 2019 as a research analyst, focusing on the Africa fund.
Alungile is an experienced quantitative analyst with a strong background in data-driven approach to finance. He began his investment career in 2018 at Prescient Securities. Since joining Mazi Asset Management in 2022, he has been part of the NextGen team, where he focuses on machine learning–driven investment strategies.
Devon began his career in global equity in 2015. He joined Mazi Asset Management in April 2025 from Stonehage Fleming, where he was an equity research analyst.
Phindile Moteane joined Mazi Asset Management in October 2016. Sheleads client services ensuring that every interaction reflects professionalism, efficiency, and excellence. Her role is pivotal in enhancing client relationships and maintaining seamless communication between the firm and its investors. With a strong commitment to client satisfaction, Phindile is dedicated to delivering a high-quality investment experience.
Juliet Ngobeni brings a wealth of expertise to client services at Mazi Asset Management. She joined Mazi in November 2021 and began her career at Old Mutual Actuaries and Consultants, focusing on due diligence, market research, and investment reporting. Before joining Mazi, she worked as a Financial Analyst at Old Mutual Personal Finance. Juliet's passion for financial markets and commitment to exceptional client service drive her approach to delivering outstanding investment support.
Walter began his career in the industry in 2008 and joined Mazi in October 2020. With expertise in fund management, alternative investments, and finance, he is instrumental in Mazi Global’s business development strategy. Before joining Mazi, he led business development at a boutique fund manager specialising in global equity products.
"The quote by Sir Isaac Newton resonates profoundly with me as it reminds me every day of wisdom, learning, listening, humanity, empathy, integrity, real partnerships and my custodian duty to the next generation." - Walter Rauch
Portia joined Mazi Asset Management in August 2024. She has over 20 years of experience in human resources, having worked at organisations such as Vodacom, Anglo American, Absa, and Ninety One. Her expertise spans human resource management, recruitment, and departmental structuring.
Vanessa joined Mazi Asset Management in January 2014. She is responsible for financial control and reporting, finance, broad-based black economic empowerment, and audit compliance.
Siyabonga joined Mazi in September 2015. He is responsible for fund accounting and reporting, client transition management, and overseeing Mazi's operational systems infrastructure.
Khumo joined Mazi Asset Management in March 2025. He joins us from SNG Grant Thornton, where he completed his articles in January 2025. He has 4 years of experience auditing companies in the financial services sector, providing valuable insights into regulatory compliance, risk management, and financial reporting.
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Joined Industry: 2015
Key Skills: Fund accounting and reporting, corporate actions, vendor and business partner management, multi-tasking.
Joined Mazi: 2015
Role & Responsibility: Maintaining portfolio books and records. Daily, monthly & quarterly client reporting. Managing the automated reporting process. Trade settlement for different asset classes across different markets. Corporate action processing.
