Sakhumnotho’s Mseleku reflects on 20 years in business, why he believes the future is African

Sakhumnotho Group Holdings, a South African-born investment group, is celebrating its 20th Anniversary this year. Positioned as a world-class Pan-African investment corporation, the company has navigated through every economic crisis of the 21st century and emerged resilient. Professor Sipho Mseleku, the President and CEO of Sakhumnotho Group Holdings, shed light on the journey and secrets to their success in a recent interview with CNBC Africa. Founded in June 2000, the company initially began as an advisory firm before diversifying into sectors such as financial services, mining, real estate, aviation, oil and gas, and renewable energy. Prof. Mseleku attributes their success to seizing opportunities within the Black Economic Empowerment (BEE) framework, leveraging over 20 years of experience and participating in transactions exceeding 20 billion. Looking ahead, the company aims to further diversify markets and sectors, collaborating with international partners to drive growth. Distinguishing themselves through philanthropy, Sakhumnotho Group Holdings supports four key organizations, both local and international, focusing on community development and empowerment. With a vision to impact millions globally, the company's philanthropic initiatives extend to education, entrepreneurship, and faith-based programs. Addressing the government's BEE model, Prof. Mseleku highlighted the challenges faced in creating sustainable economic empowerment. Advocating for a refined approach, he emphasized the importance of promoting entrepreneurship, skills development, and job creation to foster long-term benefits. As a Pan-African investment corporation, Sakhumnotho Group Holdings is poised to capitalize on the opportunities presented by the African Continental Free Trade Area (AfCFTA). With a strategic focus on sectors like energy, agriculture, ICT, and renewable energy, the company aims to leverage its extensive network across 43 African countries for future growth. Looking ahead to the next decade, Prof. Mseleku envisions a Pan-African future for the company, expanding into new sectors and forging partnerships to drive impactful investments across the continent. Embracing the mantra that 'the future is African,' Sakhumnotho Group Holdings exemplifies resilience, innovation, and a commitment to driving economic growth in Africa.