Lereko Eco was established in July 2004 with the objective of participating in the ongoing transformation of the South African economy. The founding partners, the late Eric Molobi, Valli Moosa and Dr Popo Molefe had the vision of becoming a significant black-owned and black-led investment house in South Africa. Shortly after its inception, Dr Lulu Gwagwa joined Lereko Eco as a Chief Operating Officer and later Cedrick Mampuru was appointed Financial Director. Cedrick has since been promoted to the position of Chief Executive Officer.
Moosa, Molefe and Gwagwa have a wealth of experience in public and private sector companies. Together they bring keen leadership and relevant experience to Lereko Eco. They have an entrepreneurial spirit and are determined to establish Lereko Eco as a company of the future, focusing on long-term business partnerships.
In a decade, the company built a portfolio of investments in diverse sectors such as gaming and leisure, logistics, property development, pulp and paper, waste management, renewable energy and key private equity investments, having partnered with Metier private equity. The investments facilitate structured participation for Broad-Based partners that incorporate community trusts, public benefit organisations and women’s groups.
Lereko Eco is a 100% black-owned company, while black women shareholding in Lereko Eco currently stands at 30%. Lereko Eco and Metier’s partnership came to an end in 2016. Lereko Eco and RMB Corvest have been in negotiations since then to set up a new private equity investment vehicle.