WHERE WE COME FROM
To fully appreciate the essence of Thebe, we have to begin at its origins and foundation to identify some of its key birthmarks that, taken together with other foundation stones that were laid at its inception, tell us who Thebe is, its reason for being, how it came about and some of the principles accompanied by moral obligations that underlie the foundation and operations of Thebe, which continue to shape its identity and character.
WHO WE ARE
We are an African company that came into being shortly before South Africa’s formal political transition to democracy, setting new norms and changing the face of business by establishing a socially embedded company that uses its business success to transform lives, and make a difference in our communities.
Our business comprises three streams.
“We have been on a continuous journey with Thebe since 2010 and there have been numerous milestones that we have achieved and are continuing to achieve.”
“Thebe have provided us with financial, technical and moral support in meeting the strenuous business challenges as we have grown from a small start-up business to one that has carved an important niche in a highly competitive environment.”
The very first public communication by Thebe Investment Corporation in 1992, stated:
True to the African idiom, “No matter how far a stream flows, it never forgets its source”, Thebe remains focused on it’s primary reason to exist: TO BUILD COMMUNITIES.
Although the company was established by some of the ANC’s most powerful leaders, with the aim of empowering previously disenfranchised individuals and communities, its mandate was very clear from the start: TIC was, and still is, in the business of business and not in the business of politics.
WHAT MAKES US UNIQUE
Thebe Investment Corporation is a combination of legacy, sound business, community building and a focus on Africa. We use the core values set by our founding fathers to build a strong company that uses sound business principles and good financial results to transform lives and make a difference in our communities, both internally and externally.
What’s more are our impeccable credentials in terms of the Codes of Good Practice based on its BBBEE content, and that we have consistently achieved a healthy balance sheet and good returns to all our shareholders. We are led by a highly skilled and experienced leadership team with the entrepreneurial ability to start businesses from the ground up, growing them into fully-operational and profitable businesses.
Thebe has a diverse leadership team of qualified, dedicated and passionate individuals. Each of these individuals on the Executive Committee, the Board of Directors and our Shareholders is passionate about transformation, working towards making profits but more importantly serving the communities in which we conduct our business.
Get to know our leadership better.
Group Company Secretary
Confidence in Thebe as a strategic investment partner of choice is emphasised by the backing of leading South African and international groups.
ABSA Capital holds 22.5% of Thebe’s equity while Sanlam holds 9.8%. The Batho Batho Trust, set up in 1992 to support the efforts of historically disadvantaged South Africans, holds 47.5% of the equity.
The balance of our equity (20.2%) is owned by an employee equity participation scheme, Umhlomulo Equity Participation.
The result is a thriving investment management corporation that drives a sustainable business and delivers shareholder value.