Board of directors

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: 74

Joined the Board: October 2007 

(Chair of Nomination Committee)

Larry Nestadt

Independent Non-Executive Chairman

Age: 74

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 several 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 the past chairman of the boards of these companies. Previously, Larry sat on the boards of Softline Limited, JCI Limited and Abacus Technologies Holdings Limited and was 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 Blu Label Unlimited Group Limited, Dis-Chem Pharmacies Limited, Morecorp Group and Selldirect Marketing Proprietary Limited. He also serves as Non-Executive Deputy Chairman of Cell C Limited.

NOMAVUSO MNXASANA

Independent Non-Executive Director

Age: 69

Joined the Board: September 2020

BCompt (Hons), CA(SA)

NOMAVUSO MNXASANA

Independent Non-Executive Director

Age: 69

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).

While 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 as a 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.

MARK LEVY

Joint Chief Executive Officer

Age: 54

Joined the Board: February 2007

BCompt (Unisa)

MARK LEVY

Joint Chief Executive Officer

Age: 54

Joined the Board: February 2007

BCompt (Unisa)

After several years as a successful commodities trader, Mark became an entrepreneur, operating various small businesses across different industries.

Serving as a director of various Blu Label companies, Mark is responsible for Blu Label’s technology and digital strategy and spearheads the execution of Blu Label’s growth strategy, the integration of acquisitions and the development of the IT architecture.

The business community has frequently recognised his leadership capabilities. Mark received the Absa Jewish Business Achiever Non-Listed Company Award (2007), together with his brother, Brett. He was also 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.

HAPPY MASONDO

Independent Non-Executive Director

Age: 57

Joined the Board: August 2023

BA (Wits), LLB (Wits), LLM (Wits) LLM (Duke)

HAPPY MASONDO

Independent Non-Executive Director

Age: 57

Joined the Board: August 2023

BA (Wits), LLB (Wits), LLM (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 many 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 as 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, Nominations, Social and Ethics committees. She serves as the Chairperson of the Momentum Group Foundation. She also serves as a Senior Consultant in the Energy, Infrastructure and Corporate departments at CMS-RM Partners.

BRETT LEVY

Joint Chief Executive Officer

Age: 50

Joined the Board: February 2007

BRETT LEVY

Joint Chief Executive Officer

Age: 50

Joined the Board: February 2007

Brett has an impressive entrepreneurial record of founding and operating many businesses across various industries. These include the sale and distribution of fast-moving consumer goods and electronics.

He currently serves as a director of various Blu Label companies and plays a key role in developing Blu Label’s strategy and is instrumental in structuring and negotiating all of Blu Label’s strategic corporate finance transactions.

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. He 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.

JOE MTHIMUNYE*

Independent Non-Executive Director

Age: 60

Joined the Board: October 2007

(Chair of Audit, Risk and Compliance Committee)

BCompt (Hons), CTA (Unisa) CA(SA)

* Resigned 29 August 2025

JOE MTHIMUNYE*

Independent Non-Executive Director

Age: 60

Joined the Board: October 2007

(Chair of Audit, Risk and Compliance Committee)

BCompt (Hons), CTA (Unisa) CA(SA)

* Resigned 29 August 2025

Joe qualified as a Chartered Accountant (SA) in 1993. In 1996, he co-founded Gobodo Incorporated alongside eight partners, which subsequently evolved into SizweNtsalubaGobodo Grant Thornton Inc., one of South Africa’s leading accounting firms.

In 1999, he successfully led the management buy-out of Gobodo Corporate Finance, which he rebranded as aloeCap Proprietary Limited. He currently serves as Executive Chairman of aloeCap, a boutique investment and advisory firm with interests in several private businesses.

Joe holds directorships across a portfolio of unlisted companies within the aloeCap investment stable. In addition, he serves as an Independent Non-Executive Director of Dis-Chem Pharmacies Limited, where he also chairs the Audit and Remuneration Committees. He is the Chairman of Cell C Limited and sits on the Remuneration Committee of Cell C.

DR LINDIWE MTHIMUNYE

Independent Non-Executive Director

Age: 51

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)

DR LINDIWE MTHIMUNYE

Independent Non-Executive Director

Age: 51

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) with 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.

Lindwe is committed to sustainable business practices and ethical governance underpinned by her doctoral studies on ESG integration and decarbonisation strategies.

JERRY VILAKAZI

Independent Non-Executive Director

Age: 64

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 VILAKAZI

Independent Non-Executive Director

Age: 64

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). He 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 the SADC Business Forum.

In 1998, he was appointed Public Service Commissioner. He later served as a member of the National Planning Commission which developed the country’s first National Development Plan and as a member of the Presidential BBBEE Advisory Council. Jerry served as Chairman and director of several 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 and adviser to Citibank. He is an Adjunct Professor in the Department of Business Management, Unisa.

Jerry is currently executive chairman of Palama, an investment company he co-founded, and also serves on the boards of Cell C Limited and Sibanye-Stillwater Limited.

DEAN SUNTUP

Financial Director

Age: 48

Joined the Board: November 2013

(Alternate to Brett Levy on Social, Ethics and Transformation Committee)

BCom (Wits), BCom Hons (Unisa), CA(SA)

DEAN SUNTUP

Financial Director

Age: 48

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 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 Blu Label, Dean serves as director of various Blu Label companies and contributes significantly to the governance and reporting systems across Blu Label.

Board skills and experience

Independence

Age

Gender

Race

Tenure