Committee Key
Investment Committee
Remuneration and Nomination Committee
Social, Ethics and Transformation Committee
Audit, Risk and Compliance Committee
LAURENCE (LARRY) NESTADT
Independent Non‑Executive Chairman
Age: 73
Joined the Board: October 2007
(Chair of Nomination Committee)
Larry is a co-founder and former executive director of Investec Bank Limited and has been instrumental in the creation and strategic development of a number of listed companies including Capital Alliance Holdings Limited (Capital Alliance Life – acquired by Liberty Life; Capital Alliance Bank – now Brait), Super Group Limited, Hosken Consolidated Investments Limited, SIB Holdings Limited, CorpGro Limited and Global Capital Limited. He also served as past Chairman on the boards of these companies. Previously, Larry sat on the boards of Softline Limited, JCI Limited and Abacus Technologies Holdings Limited and is a former Chairman of a number of non‑listed company boards both in South Africa and abroad, including Stenham Limited (UK) and Prefsure Life Limited (AUS).
Larry is the current Executive Chairman of Global Capital Proprietary Limited and the current Chairman of Blue Label Telecoms Limited, Dis-Chem Pharmacies Limited, Morecorp Group and Selldirect Marketing Proprietary Limited. He also serves as Non‑Executive Deputy Chairman of Cell C Limited. Larry is a life member of the World Presidents’ Organisation, Lloyds of London, since 1983.
Remuneration and Nomination Committee
MARK LEVY
Joint Chief Executive Officer
Age: 53
Joined the Board: February 2007
BCompt (Unisa)
After years as a successful commodities trader, Mark became an entrepreneur, operating various small businesses across different industries.
Serving as a Director of various Blue Label companies, Mark is also integral in spearheading the execution of Blue Label’s growth strategy, integration of acquisitions and development of the IT architecture.
His leadership stature is frequently recognised. Together with Brett, Mark received the Absa Jewish Business Achiever Non‑Listed Company Award (2007). He was an Ernst & Young World Entrepreneur SA finalist for 2007.
In 2010, Mark was voted Top IT Personality of the Year by ITWeb and was a finalist in the Top Young Entrepreneur category of the African Access National Business Awards. In 2011, he shared the Top Entrepreneur accolade in the African Access National Business Awards with Brett.
Investment Committee
BRETT LEVY
Joint Chief Executive Officer
Age: 49
Joined the Board: February 2007
Brett has an impressive entrepreneurial record of founding and operating many small businesses across a wide range of industries. These include distributing fast-moving consumer goods and the provision of replacements for electronic goods to insurance companies.
He currently serves as a Director of various Blue Label companies and plays a key role in developing Blue Label’s strategy and its commercial negotiations.
His achievements have earned him a number of prestigious nominations, accolades and awards. These include the Absa Bank Jewish Entrepreneur of the Year Award (2003) and the Absa Jewish Business Achiever Non‑Listed Company Award (2007), which he won jointly with his brother Mark. Brett was nominated as an Ernst & Young World Entrepreneur SA finalist for 2007.
In 2010, he received the Liberty Life Award for a Remarkable Success Story in the David Awards and was a finalist in the Top Young Entrepreneur category of the African Access National Business Awards. In 2011, he shared the Top Entrepreneur accolade in the African Access National Business Awards with Mark.
Social, Ethics and Transformation Committee
Investment Committee
HAPPY MASONDO
Independent Non‑Executive Director
Age: 56
Joined the Board: August 2023
BA (Wits),LLB (Wits), LLM (Duke)
Happy is a senior corporate lawyer with over 25-years’ experience, offering specialist skills in public interest law, constitutional law, renewable energy projects, information technology, corporate governance, regulatory advisory services and public private partnerships. She has advised a wide range of clients including private and public companies, state-owned entities, energy companies, financial institutions, construction and engineering firms, listed organisations, telecommunications companies, and information and technology firms.
Happy was a partner for nearly 10 years at Werksmans Attorneys. She currently serves in a non‑executive capacity on several boards, including Bright Light Solar VCC, ProfitShare Partners, Dis-Chem Pharmacies Limited and as a Trustee for the Investec Entrepreneurship Development Trust. As a member of these boards, she also sits on various subcommittees such as the Remuneration, Audit and Risk, Nomination, Social and Ethics Committees. She also serves as a Senior Consultant in the energy, infrastructure and corporate departments at CMS-RM Partners.
Social, Ethics and Transformation Committee
NOMAVUSO MNXASANA
Independent Non‑Executive Director
Age: 68
Joined the Board: September 2020
BCompt (Hons), CA (SA)
Nomavuso is a Chartered Accountant (SA). She spent one year at Deloitte before joining SizweNtsaluba VSP (formerly Nkonki Sizwe Ntsaluba).
During her tenure at SizweNtsaluba, she specialised in consulting, internal auditing and attest functions. Following the introduction of the Public Finance Management Act, Nomavuso identified an opportunity and then started the corporate governance division which housed the internal audit services. Nomavuso was also involved in staff development and training in her capacity as staff partner for five years. She later joined the Imperial Group as the Group Audit and Risk Executive. While there, she introduced Training Outside Public Practice (TOPP). When Nomavuso left Imperial, her 11 TOPP trainees were spread across the group. She continued consulting for Imperial to ensure they receive adequate training.
Nomavuso was appointed to serve on the board of Imperial Bank as a Non‑Executive Director representing Imperial until the bank surrendered its banking licence in September 2010. Nomavuso sits on a number of boards of both listed and unlisted companies.
Audit, Risk and Compliance Committee
JOE MTHIMUNYE
Independent Non‑Executive Director
Age: 59
Joined the Board: October 2007
(Chair of Audit, Risk and Compliance Committee) BCompt (Hons), CTA (Unisa), CA (SA)
Joe qualified as a Chartered Accountant (SA) in 1993.
In 1996, he co-founded Gobodo Incorporated, an accounting practice with eight other partners which later became SizweNtsalubaGobodo Grant Thornton Inc.
In 1999, he led a management buy-out of Gobodo Corporate Finance from the accounting firm and rebranded it aloeCap Proprietary Limited, of which he is currently the Executive Chairman..
He serves on the board of directors of various non‑listed companies where aloeCap is invested. Joe is an Independent Non‑Executive Director of Dis-Chem Pharmacies Limited, the Chairman of Cell C Limited and also serves as a Director of various Group companies. He is also Chairman of Dis-Chem’s Audit Committee.
Investment Committee
Remuneration and Nomination Committee
Audit, Risk and Compliance Committee
LINDIWE MTHIMUNYE
Independent Non‑Executive Director
Age: 50
Joined the Board: November 2022
(Chair of Investment Committee) BCom (UCT), Postgraduate Diploma in Accounting (UCT), Postgraduate Diploma in Tax Law (Wits), MCom (UCT), CA (SA)
Lindiwe is a Chartered Accountant (SA) and has extensive governance, finance and business experience. Having worked in investment banking – property and infrastructure finance – and also as Chief Financial Officer, she is an experienced Non‑Executive Director having previously served on the boards of various listed and unlisted companies including Woolworths, Massmart, Group 5, Torre, Sea Harvest, Cell C Limited and PetroSA.
Investment Committee
Social, Ethics and Transformation Committee
Audit, Risk and Compliance Committee
JERRY VILAKAZI
Independent Non‑Executive Director
Age: 63
Joined the Board: October 2011
(Chair of Remuneration Committee and Social, Ethics and Transformation Committee) BA (Unisa), MA (Thames Valley), MA (London), MBA (California Coast University)
Jerry has held various executive positions in government and the business sector, including that of Director for Commerce and Industry at SAICA and Managing Director of the Black Management Forum (BMF), where he also served on the board of the BMF investment company. He was later appointed as the CEO of Business Unity South Africa (BUSA) and has also served as Chairman of the SADC Employer Group and the EU-Southern African Business Council. In addition to representing business at Nedlac, he served as a member of the King Committee on Corporate Governance, the National Anti-corruption Forum and SADC Business Forum.
In 1998, he was appointed Public Service Commissioner. He later served as a member of the National Planning Commission that developed the country’s first National Development Plan and as a member of the Presidential B-BBEE Advisory Council. Jerry served as Chairman and Director of a number of SOEs, including the Mpumalanga Gambling Board, Mpumalanga Economic Growth Agency and the State Information Technology Agency Proprietary Limited. He previously served on the boards of PPC Limited and Goliath Gold Limited and held the position of Chairman of Netcare Limited as well as adviser to Citibank. He is Adjunct Professor in the Department of Business Management, Unisa.
Jerry is currently the Executive Chairman of Palama, an investment company he co-founded, and also serves on the boards of Cell C Limited and Sibanye-Stillwater Limited.
Remuneration and Nomination Committee
Social, Ethics and Transformation Committee
Audit, Risk and Compliance Committee
DEAN SUNTUP
Financial Director
Age: 47
Joined the Board: November 2013
(Alternate to Brett Levy on Social, Ethics and Transformation Committee) BCom (Wits), BCom Hons (Unisa), CA (SA)
Dean completed his articles at PricewaterhouseCoopers (PwC) where he continued working after qualifying as a Chartered Accountant (SA), participating in the audits of various large corporations and multinational companies.
In 2003, he joined BSC Technologies, a business established by the Levy brothers, where he later became the Financial Director. In 2005, he transferred to The Prepaid Company in the role of Financial Director. In heading up finance at Blue Label, Dean serves as Director of various Blue Label companies and contributes significantly to the governance and reporting systems across Blue Label. Dean is a member of SAICA.
Investment Committee
Social, Ethics and Transformation Committee
Board skills and experience