Phumla Mnganga

Co-Founder & Chairperson

PhD Entrepreneurial Studies (WBS)

Phumla is the chairperson and a co-founder of Khulisa Investment Partners. Through her extensive networks in corporate South Africa Phumla has access to a broad deal pipeline. Phumla is responsible for fundraising, deal sourcing and negotiations. As chairperson she oversees the execution of Khulisa’s investments. Phumla has over 20 years of experience in conducting private transactions as the Managing Director of Lehumo Women’s Investment Holdings and through her family businesses. Phumla has invested in several SMEs in the past 20 years and has assisted these companies to grow their revenue streams and profitability through turbulent periods in the South African corporate environment.

Malcolm Rutherford

Co-Founder & Fund Principal

CA (SA), BCom (Wits)

Malcolm is a co-founder of Khulisa Investment Partners. He is responsible for fundraising, generating investment pipeline, negotiations and investment management. Malcolm was the CFO of Dimension Data plc and drove that company’s M&A activity across 7 geographies. Malcolm is also the founder of TeamInvest Private in South Africa and a member of TeamInvest Private Australia. Through his private family office and TeamInvest Malcolm has made several successful investments in the last 20 years. 

Nhlanhla Mlalazi

Deal Sourcing & Analysis


Nox is responsible for the sourcing and execution of Khulisa’s investments. Nox is skilled in transaction structuring, financial analysis and risk management. Before joining Khulisa, he was an equity research analyst at Prudential specialising in the resources sector. Nox is the deal executive at Athena capital responsible for investment appraisal, due diligence, deal structuring and execution. 

Chris Lister-James*

Co-Founder & Non-Executive Director

Vantage Capital, Fintech Ventures

*Permanent salary sacrifice

Mpumi Mnganga-Mokgatlhe*

Co-Founder & Non-Executive Director

Double X Investment Holdings

*Permanent salary sacrifice

Phumla Mnganga*

Co-Founder & Executive Chairperson

Deloitte, Tongaat Hulett, Lehumo Women’s Investment Holdings

*Permanent salary sacrifice

Malcolm Rutherford*

Co-Founder & Principal

Deloitte, UAL Merchant Bank, Dimension Data, Tynedale, TeamInvest

*Permanent salary sacrifice

Ross Tasker

Legal & Compliance advisor

Bowmans Inc, Nobuntu Fintech Ventures

Nhlanhla Mlalazi

Shareholder & Transaction Advisor

PWC, Prudential, Athena Capital

Associate Network