BEE funding

"In the past 10 years, RMB Corvest has successfully been involved in around 90 transactions"

RMB Corvest has relationships with various BEE Groups to provide BEE Solutions to prospective clients, including proud associations with Agile Capital and Shalamuka Capital. Through Agile Capital and Shalamuka Capital, RMB Corvest is able to offer fully-funded BEE investment solutions to clients. In addition, RMB Corvest will finance BEE Groups to acquire shares in businesses they identify and bring to RMB Corvest. Since 2008, RMB Corvest has financed around 90 deals, 51 of these involved providing a financed BEE solution to the investee company. For all First Rand Group BEE initiatives and relationships, view the First Rand website.


Agile Capital

Agile Capital is a black empowerment private equity investment vehicle ultimately owned and managed by Agile Capital. Agile Capital, backed by the principals Londeka Shezi and Tshego Sefolo, is a successful black empowerment investment vehicle majority owned by women. The relevant management teams consist of individuals who are highly regarded business people, with extensive national and global networks. These are professionals, with the requisite academic qualifications and commercial experience, who are all united in their quest to create sustainable wealth for their stakeholders. RMB Corvest also has representation on the Board of Agile Capital.

Read more Agile’s BEE Ownership Assessment

Shalamuka Capital

Shalamuka Capital (Pty) Ltd

Operating as a BEE investment vehicle, Shalamuka Capital was started in 2008 when the Shalamuka Foundation was looking to invest in private equity and partnered with RMB Corvest.

Shalamuka Capital offers investment partners

  • A broad-based BEE private equity company – target companies invested in by Shalamuka Capital will be allowed to treat such investment as 100% black owned for the purposes of the BBBEE scorecard
  • The large black women beneficiary base of Penreach will allow target companies invested in by Shalamuka Capital to treat such investment as 32% black women-owned
  • Access to funding

The funding received by the Shalamuka Foundation from Shalamuka Capital is used to facilitate the growth of the Penreach programme and ultimately improve the lives of the children and educators of South Africa. Penreach is a non-profit, in-service educational development-training programme that was developed to improve the teaching skills of qualified and unqualified educators, as well as their schools in and around the Mpumalanga region.

Through the efforts of Shalamuka Capital and its involvement in Penreach more than 2 000 teachers, 900 schools and in excess of 350 000 learners a year are reached and benefit from Penreach.

Read more Shalamuka’s BEE Ownership Assessment