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Tshedza Team

The Tshedza Trust has five newly appointed trustees: Fikile Majola, Prabir Badal, Makgane Thobejane, Sibiya and Thulani Nxumalo who are charged with steering the investment priorities of NEHAWU in a dynamic financial and socio political environment.

Tshedza Trustees

 
Prabir Badal  

Prabir Badal

Prabir Badal is finance professional with a political history grounded in the African National Congress.  In 1996, Badal joined NEHAWU while on appointment with the South African Revenue Service (SARS).  In 2002, he was elected Provincial Treasurer of NEHAWU in KwaZulu-Natal (National Education Health and Allied Workers Union) affiliated to Congress of South African Trade Unions (COSATU), a capacity he served in until he was elected National Treasurer of NEHAWU in June 2004 at the 7th National Congress – a position he still holds.  Badal is currently employed by SARS and released on fulltime basis since 2004 to serve as National Treasurer of NEHAWU. 

Badal is a member of the COSATU Central Executive Committee, Chairperson of Cosatu Retirement Fund Reference Group, Chairperson & Trustee of Kopano Ke Matla Investment Trust, the investment arm of Cosatu, Trustee of Tshedza Trust (the 100% shareholder of NEHAWU Investment Holdings), Deputy Chairperson of Government Employees Pension Fund (GEPF), Chairperson of Finance & Audit Committee of GEPF and a member of the Investment Committee of GEPF. GEPF is the 6th largest pension fund in the world and has an asset value of R750 billion, 1.2million members and 360000 pensioners. Prabir has a National Diploma in the Cost & Management Programme in Investment Analysis & Portfolio Management.  He has a Bachelor of Commerce with Honours in Taxation.

 
Makgane Thobejane  

Makgane Thobejane

Makgane Neal Thobejane was born in Alexandra, Johannesburg and attended Ga-Nkoana in Sekhukhuneland.  He completed his secondary education in Diepkloof Soweto and cut his teeth as a student leader in the Congress of South African Students (COSAS). 

Thobejane grew his political career as a union leader up to the position of General Secretary of the National Education, Health and Allied Workers Union (NEHAWU) in the late eighties in South Africa. Having made his mark at what has become one of the most influential COSATU affiliated unions, Makgane used this experience to direct and leverage the labour force at the City of Johannesburg during its critical iGoli transformation period.  As the Director of the Strategic Support Unit, reporting to the City Manager at the time, Makgane acted as a labour specialist in redesigning a post democracy uni-city model that would give direction to other metro councils, many of which are still using the Johannesburg structure to develop their own systems of governance and administration. 

While at Johannesburg, Makgane was seconded to the City of Cape Town to assist in this City’s transformation process.  Leading a team of consultants Makgane started the process of designing the Mother City’s labour and organisational elements to meet the needs of its populace. 

Since 2005 Makgane has worked with EDI HOLDINGS (PTY) LTD, as strategic advisor in the Office of the CEO.  In 2008 Makgane reinforced his linkages with his former union NEHAWU, this time as Executive Chairperson of NEHAWU Investment Holdings (NIH) – a 1.6 billion rand investment vehicle to leverage worker equity towards market related investments. As Chairperson of NIH Makgane Thobejane has been instrumental in reconstituting the Tshedza Trust (the shareholder of NIH) as a member benefits vehicle that is in the process of creating unique and innovative member schemes to uplift and support NEHAWU members in a direct and meaningful way. Makgane is best characterised as a Labour Relations & HR specialist.  He is a seasoned Turnaround Expert, with extensive project management experience in managing large-scale restructuring processes. 

 
Thulani Nxumalo  

Thulani Nxumalo

Thulani is an actuary with twelve years experience in asset management, private equity, corporate & project finance and actuarial services.  He is the managing director of Worldwide Capital Solutions, a financial solutions business focused on providing, actuarial, investment and financial products structuring to Government departments, parastatals, retirement funds and corporates. He is responsible for product development initiatives on property, asset management and private equity, utilising the Worldwide Capital Asset Management investment license. He is an independent trustee of the NEHAWU National Provident Fund and has chaired its investment subcommittee since 2005. 

Previously, he has worked for reputable firms such as JP Morgan Chase, Societe Generale, Metropolitan, Liberty Life and Kwezi Group. He was a member of the Asset & Liability Management and Investment Committee of Metropolitan Life and Metropolitan Holdings, respectively. He was previously appointed director of Kwezi Asset Management, a joint venture company between Kwezi Group and BOE. These environments have given him thorough understanding and knowledge in diverse areas of financial services, which have allowed him to have both the strategic and executional insights. 

Among other assignments Thulani has been involved in the following projects - Consulting actuary to the Office of the Pension Funds Adjudicator, consultant for Actuarial services to the SABC – R 6 billion pension fund, Support for the Health Professions of South Africa Pension & Provident Fund. Currently appointed as actuaries and valuators to both funds, R800 million Product development work for a retail investment product for the National Empowerment Fund (NEF), R185 million BEE transaction advisor to Tokoloho Trust, Asset optimisation exercise for SA Quantum, R1 billion capital raising for Kwa-Zulu Natal Provincial Government for establishment of a development fund, Disposal of North-west Provincial Government’s North-west Transport Investment interests in SA. Turnover in excess of R800 million per annum, Acquisition of equity interest in V3 by Kwezi Group , Disposal of Kwezi’s interests Interpark , Acquisition of equity interest in Sytech Systems by Kwezi Group , Asset Management Joint Venture formation between Kwezi Financial Services and BoE (now Nedbank) – R1.5 billion asset under management., Advisor to Bakwena Consortium, appointed to construct a 380 km N4 West Platinum Toll road on a Build Operate and Transfer (BOT) basis, Advisor to Lungisa Consortium, appointed to run a BOT concession contract for a juvenile prison in Barberton, Advisor to Global Africa Power, a minority shareholders in Kelvin Power Plant, the first independent power producer (IPP), Central Advisor to the Highways Agency on Design, Build, Finance and Operate (DBFO) concession on shadow tolls in the United Kingdom

 
Fikile Majola  

Fikile Majola

Mr. Fikile Majola is the General Secretary of a national trade union, NEHAWU, with more than 240 000 members drawn from the following sectors: health, education, welfare, state administrations and parastatal institutions.

His responsibilities include general organising and co-ordinating of the work of the Union, administration of the affairs of the Union, which inter alia entails supervising all officials of the Union, keeping books and accounts of the Union etc

Majola, along with other NEHAWU leaders have been central to the growth of NEHAWU in the public sector in a country that is undergoing socio-political transformation and economic development.

Fikile has been described as stable leader who has been with NEHAWU since its formation in 1987 and from then to date he has been democratically ascending the Union’s leadership ranks. During apartheid legacy in South Africa, he was amongst those who were critical in developing strategic submissions, which influenced socio-political transformation and now economic development in South Africa. Fikile is a member of the SACP Central Committee and Politburo and distinguished member of the Cosatu Central Executive Committee as an an influential member of the ANC Economic Transformation Committee.

 
Management – Trust
     
Kubeshni Govender Jones  

Kubeshni Govender Jones

Ms Govender Jones is business and social entrepreneur who started her career as a communications professional before specialising in the areas of strategic management, knowledge management and innovation. She has been invited to speak and publish on these topics at local and international engagements. Kubeshni has a Masters in Media Studies from the University of Natal, a Bachelor of Arts, Honours in Drama and Film University of the Witwatersrand (Department of Drama and Film), and a Bachelor of Arts from the University of Natal, Durban.  Kubeshni is a qualified videographer and television producer having received her film grounding at Atelier Varan in Paris France, in the school of Cinema Verite.  She has a certificate in Financial Accounting from the WITS Business School   

In 2007, in consultant capacity Kubeshni was asked to conceptualise a member benefits vehicle for the National Education Health and Allied Workers Union (NEHAWU).  Having reconstituted the Tshedza Trust as the legal entity to drive member benefits for the union, Kubeshni was requested to complete the establishment the trust as its first Managing Director.

As the Director and Senior Consultant of Black Earth Consulting (2006-2009) and Director of VEDA Consulting (2009), Kubeshni has created, and assisted with the implementation of knowledge strategies, products and services for the following clients: The World Bank / The World Bank Institute, Ekurhuleni Municipality, The City of Johannesburg, The South African Cities Network, Department of Provincial and Local Government, The Urban Renewal Programme, The South African Police Service (PSS Division), The Department of Local Government in Gauteng, The British Council, The British High Commission, The Gauteng Provincial Legislature, Office of the Premier in the Eastern Cape and The National Department of Transport. In 2002, Kubeshni created the Joburg Innovation & Knowledge Exchange (JIKE) and became its first director. Several municipalities in South Africa have replicated her work at JIKE. In 2000 Kubeshni was appointed Head: Communications and Ministerial Support: Ministry of Public Service and Administration.  Prior to this she was the Media Manager of the Commission on Gender Equality (CGE) and liaised with various gender organisations to ensure CGE support in a range of gender related campaigns, including the very first commemorations of the 16 Days of Activism Campaign.   Kubeshni’s first career position was with the Food and Allied Workers Union in Gugalethu, Cape Town as their Media Officer in 1997.

     
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