Meet the moguls

We talk to four in­vest­ment fundis who are savvy, su­per-suc­cess­ful – and very stylish

Destiny Man - - BOLD AND DISTINGUISHED - PRO­DUCED BY MPUMI SHANDU

What do you do? I’m a mu­sic record­ing pro­ducer and artist who owns an en­ter­tain­ment and lifestyle events com­pany. I’m also the sole heir to my late dad’s es­tate, which has seen me han­dling our fam­ily’s real es­tate in­vest­ments and an in­dus­trial-scale farm op­er­a­tion in Nige­ria for sev­eral years.

How did you get into in­vest­ing? My mom was a se­nior ac­coun­tant who worked for the Fed­eral Gov­ern­ment in Nige­ria. She al­ways talked about the im­por­tance of in­vest­ments and sav­ings and she still ad­vises me be­fore I take any ma­jor fi­nan­cial de­ci­sions re­gard­ing my dad’s es­tate.

What type of in­vest­ments are you cur­rently in­volved in? Apart from the farm, we have mul­ti­ple prop­er­ties across the coun­try on res­i­den­tial, ware­hous­ing and cor­po­rate of­fice leases.

What do you be­lieve is the best way to in­vest? In real es­tate. Your in­vest­ment’s mostly se­cure and is al­most cer­tain to rise in value.

What was the best prop­erty in­vest­ment you ever made? An old prop­erty we bought on a ma­jor Nige­rian street nine years ago. We resold it to a bank on the same street which des­per­ately needed busi­ness premises and got an un­be­liev­ably prof­itable price for it.

20s Chucks “Su­per­star Ace” Aus­tine, artist and pro­ducer

What you do? We spe­cialise in merg­ers and ac­qui­si­tions, as well as cap­i­tal-rais­ing in mul­ti­ple African coun­tries. We ad­vise on dif­fer­ent types of in­vest­ments on a cor­po­rate scale in di­verse in­dus­tries.

How did you get into in­vest­ing?

I de­vel­oped a keen in­ter­est in it as a univer­sity stu­dent.

What type of in­vest­ment are you cur­rently in­volved in? Cor­po­rate fi­nance and large-scale in­vest­ments for dif­fer­ent pur­poses.

30s Ed­win Siebani, In­vest­ment Bank­ing As­so­ciate: Ver­dant Cap­i­tal

Why is in­vest­ing im­por­tant to you? On a per­sonal level, it cre­ates wealth – and this can be gen­er­a­tional. Given the macroe­co­nomic state of our coun­try at the mo­ment, in­vest­ing can se­cure a de­cent lifestyle and fu­ture for my kids and other loved ones.

What in­vest­ment mis­takes have you made and what have you learnt from them? The big­gest one was start­ing to in­vest very late. For the best earn­ings, one should start early by sav­ing, join­ing in­vest­ment schemes, in­vest­ing in prop­erty, buy­ing shares on the stock mar­ket and other op­tions.

What’s the best wardrobe in­vest­ment you’ve ever made? My Adidas x Phar­rell Wil­liams sneakers, which are good-qual­ity and re­ally com­fort­able.

What do you do? We’re in­volved in nu­mer­ous busi­ness ac­tiv­i­ties in the film and arts in­dus­tries. We also in­vest in res­i­den­tial prop­er­ties for rental pur­poses. In ad­di­tion, I do a lot of po­lit­i­cal ed­u­ca­tion work and

I’m a po­lit­i­cal ac­tivist. I wrote my first book, Scam-Talk: A Dic­tio­nary of South African Slang or Tsot­si­taal [Makgetlha Trad­ing], in 2011 and I’ll be launch­ing my sec­ond book, Tse­lak­gopo, a col­lec­tion of seTswana short sto­ries, later this year.

What type of in­vest­ments are you cur­rently in­volved in? Film equip­ment and res­i­den­tial prop­er­ties.

What at­tracted you to res­i­den­tial prop­erty? We be­lieve it’s a good way to build and pre­serve cap­i­tal, since it’s a non-de­pre­ci­at­ing as­set that also yields an­nu­ity in­come. Buy­ing res­i­den­tial prop­erty in highly sought-af­ter ar­eas assures you of steady ten­ants, in­come streams and ap­pre­ci­at­ing value.

What in­vest­ment mis­takes have you made and what have you learnt from them? When I started in­vest­ing in prop­erty, I thought I could be the land­lord and the prop­erty man­ager while still hold­ing down a full-time job. I’ve since learnt to let ex­pert prop­erty man­agers take care of those things on my be­half and not spread my­self too thinly. It also taught me to stick to my own ar­eas of ex­per­tise and un­der­stand my own strengths and weak­nesses.

Why is in­vest­ing im­por­tant to you? Leav­ing money idling in a bank ac­count could tempt me to spend it ir­re­spon­si­bly. In­vest­ing in tan­gi­ble things like prop­erty and other in­come-gen­er­at­ing as­sets helps me build a de­cent in­her­i­tance and a last­ing legacy for my fam­ily.

What’s the best book you’ve ever read? Das Kap­i­tal by Karl Marx [Gate­way Edi­tions].

40s Thato wa Ma­gogodi, Ex­ec­u­tive Di­rec­tor: Kgodiso Sech­aba Foun­da­tion

What do you do? I’m in­volved in a num­ber of busi­ness ven­tures, from fi­nan­cial ser­vices to telecom­mu­ni­ca­tions and IT. The most ex­cit­ing one is Ta­fari Cap­i­tal, a new, 100% black-owned fi­nan­cial ser­vices plat­form set to launch soon which will be the first com­pany to of­fer cus­tomers both per­sonal and busi­ness ac­counts free of charge.

This will give the vast ma­jor­ity of SA’s un­banked and un­der­banked pop­u­la­tion un­prece­dented ac­cess to fund­ing, mar­kets and fi­nan­cial op­por­tu­ni­ties.

How did you get into busi­ness? It started way back in 1997, when SA was still bask­ing in the eu­pho­ria of 1994 and new op­por­tu­ni­ties were open­ing up for black peo­ple. I was still a regis­trar in oph­thal­mol­ogy then. While I was train­ing in the UK, I saw how pri­vate prac­tices were run there, us­ing prac­tice man­agers and tech­nol­ogy, and I brought the con­cept back to SA.

What type of in­vest­ments are you cur­rently in­volved in? Telecom­mu­ni­ca­tions, IT, broadcasting and video tech­nolo­gies and fi­nan­cial ser­vices.

What skills do you still need to mas­ter? Fi­nan­cial man­age­ment and the abil­ity to sep­a­rate my per­sonal ex­penses from busi­ness ones, even if I’m the only share­holder. I also need to mas­ter time man­age­ment and del­e­ga­tion, as I can’t be every­where at once.

What ad­vice would you of­fer as­pi­rant en­trepreneurs? Iden­tify a prob­lem and find a so­lu­tion for it. Also, know that tech­ni­cal com­pe­tence isn’t enough: you need busi­ness skills too.

What do you con­sider the best way to in­vest? Un­der­stand your risk ap­petite and choose your in­vest­ment strat­egy ac­cord­ingly. The younger you start, the more risk you can ab­sorb. Do your re­search on cur­rent trends and re­mem­ber, if some­thing sounds too good to be true, it usu­ally is.

What are the best busi­ness books you’ve ever read? Fail­ing For­ward by John C Maxwell [Thomas Nel­son] and Blue

Ocean Strat­egy by W Chan Kim and

Renée Mauborgne (Har­vard Busi­ness Re­view Press].

Do you play a men­tor­ship role? Not for­mally, but I spend a lot of time ad­vis­ing those will­ing to lis­ten on the ways of busi­ness, as I un­der­stand them.

50s Dr Thabo Lehlokoe, med­i­cal prac­ti­tioner and CEO: Seema­hale In­vest­ment Cor­po­ra­tion

SHIRT, R2 215, PRES­I­DEN­TIAL STORE

CHINOS, R1 850, PRINGLE OF SCOT­LAND

BACK­PACK, R329, H&M

BRACES, R149, H&M

WAL­LET, R89, MRP

WATCH, R89, MRP

ACE WEARS A SCARF, R1 995, TIGER OF SWE­DEN. SHIRT, R429, H&M. BOW-TIE, R201, DAVID JONES @ WOOL­WORTHS. PANTS (PART OF SUIT), R13 995, PAUL SMITH. BELT, R599, POLO. SHOES, R899, CALL IT SPRING. WATCH, ACE’S OWN

ED­WIN WEARS A SUIT, R24 995, SACOOR BROTH­ERS. SHIRT, R3 495, PAUL SMITH. SHOES, R1 499, STEVE MAD­DEN

SHIRT, R429, H&M

TIE, R150, WOOL­WORTHS

PAIS­LEY POCKET SQUARE AND FLOWER LAPEL, R199, DAVID JONES @ WOOL­WORTHS

SHOES, R249, MRP

BELT, R249, H&M

JACKET, R1 249, DAVID JONES @ WOOL­WORTHS

CHECKED COT­TON SHIRT, R450, DAVID JONES @ WOOL­WORTHS

SHOES, R2 690, CLARKS

HAT, R179, H&M

TIE-PIN, R150, DAVID JONES @ WOOL­WORTHS

THATO WEARS A JACKET, R6 999, WAIST­COAT, R1 999, POCKET SQUARE, R199 AND PANTS, R2 750, ALL THE GALLERY SQUARED. SHIRT, R2 650, TIGER OF SWE­DEN. TIE, R399, POLO. TIE-PIN, R499, TM LEWIN. SHOES, THATO’S OWN

THABO’S SCARF, R1 995 AND BAG, R5 995, BOTH TIGER OF SWE­DEN. JACKET, R1 562 AND PANTS, R604, BOTH WOOL­WORTHS. SHIRT, R1 795 AND TIE, R699, BOTH SACOOR BROTH­ERS. TIE-PIN, R499, TM LEWIN. SHOES, R1 699, ALDO

WOODEN-HAN­DLED UM­BRELLA, R220, WOOL­WORTHS

SCARF, R329, WOOL­WORTHS

SHOES, R2 990, EUROPA ART SHOES

ZIG-ZAG PRINT BOW-TIE, R199, DAVID JONES @WOOL­WORTHS

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