Having greater access to financial services promotes entrepreneurship, lifts people out of poverty, and gives them greater hope for a brighter economic future.




Daphne is the Non-Executive Chairperson of WDBIH and a Director on the Remuneration and Social & Ethics Committees…

Daphne started her career as a loan officer for WDBIH and now presides over the $1.4 billion manganese mine and sinter plant in the Northern Cape and a smelter in the Eastern Cape province of South Africa; she also serves on the board of Kalagadi Manganese as its Executive Chairperson, Eyesizwe Coal, Nuworld Logistics and Thari Mining. Daphne was nominated by WDBIH to study development economics in Nagayo, Japan.



Tania is one of the founders of WDBIH, was executive Director and CEO of WDBIH for over 12 years and is currently a non-executive Director on the Investment and Audit & Risk committees…

Tania most recently held the position of CEO of WDB Trust between 2014 – 2015. Before joining WDBIH in 1999, Tania spent 4 years in the diplomatic corps, working in the political division of the South African embassy in Paris, France. Tania serves as a non-executive director on the boards of Bidvest and Caxton, is a Trustee of the BPSA Education Foundation and is a non-executive director of the WDB Growth Fund, and previous non-executive directorships include Discovery, BP South Africa, Rennies Travel, Business Woman’s Association and Uthingo. Tania holds a BA and MBA from Open University in London.


Joy-Marie is a Non-Executive Director and Chairperson of the Investment Committee of WDBIH as well as a Director on the Audit & Risk committee…

She was the Commercial Legal Adviser to the MTN Group for both the local and African operations and spent time in Nigeria assisting with the establishment of MTN Nigeria’s start-up operations. Thereafter she worked at the SABC (South African Broadcasting Corporation) as Senior Legal Adviser providing regulatory and commercial legal advice pertaining to Broadcasting, Telecommunications, IT and Company Law. In 2005 she joined Business Connexion, a JSE-listed ICT company and is currently the Regional Executive for the Western Cape of EOH. Her other directorships include, Chairperson of the SA National Space Agency and trustee of the Legal Resources Trust. She is a qualified lawyer and has an Executive MBA (cum laude) from the University of Cape Town Business School, a Masters in Law from the University of Witwatersrand as well as a Bachelor of Arts degree and an LLB from the University of Cape Town.


Neo is self-employed and was previously an Executive at the Industrial Development Corporation of SA. Neo is the Chairperson of the WDBIH

Remuneration and Social & Ethics Committees as well as a Director on the Investment Committee. She has over 25 years working experience in marketing, strategy and socio-economic development initiatives in FMCG, development finance and publishing companies. She has served as a Non-Executive Director of boards and is currently on the boards of Scaw Metals Group South Africa and Clover Industries Limited, and is a trustee of the Wilderness Foundation. She holds a B.Com and Advanced Management Program certificates from WITS and INSEAD (France).


Thabile is a Non-Executive Director, Chairperson of the Audit Committee as well as a Director on the…

…Remuneration and Social & Ethics Committee of WDBIH.

She is currently the Chief Risk Officer at Old Mutual Insure. Prior to joining Old Mutual Insure, she was a General Manager overseeing Risk Management at the Road Accident Fund. Before joining RAF she was an Associate Director at Deloitte assisting organisations to become Risk Intelligent. Thabile is a Certified Internal Auditor (CIA) and holds directorships in a few organisations.



Salome is an expert in development finance, investment analysis and financial and business management…

Apointed as a Non-Executive Independent Director of Bigen Africa
Group in 2015 and is also Chairwoman of the Bigen Africa Human
Capital and Remuneration Committee. She is a past President of the Oikocredit Ecumenical Development Cooperative Society and held the position of alternate non-executive director of the
Wizzit Banking Group from 2012-2015.




Busisiwe is a member of the Remuneration and Social & Ethics Committee of WDBIH and a Group Executive for Human Resources for African Rainbow Minerals (ARM)…

Her strategic achievements include driving transformation and related interventions in talent management with specific reference to young talent, women development and leadership development. Busi serves on a number of committees within the mining industry and other industries, including the United Nations focus group on ‘issues of gender in extractive industries, Skills Development Working Group at BRICS level, World Economic Forum: Skills for Africa, she is also a Director for ARM Mining Consortium. She holds a Labour Relations Certificate, a B. Administration Degree in Industrial Psychology, and Honours Degree in Industrial Psychology, a Master’s Degree in Business Leadership with Change Management Elective.


Lulama is a member of the Audit and Risk Committee of WDBIH. She has over 15 years of experience in investment banking having worked at both local and international investment banks…

banks in corporate finance and project finance. Lulama worked in the project finance team at Standard Bank where she was involved in the financing of power and infrastructure projects. She worked extensively on the financing of the first 3 rounds of the South African renewable energy independent power producer program (REIPPP) and has been involved in the financing of renewable energy projects on the rest of the African continent. More recently Lulama was an Investment Director at Eiser Infrastructure Partners LLP where she was responsible for originating, structuring and executing renewable energy projects for a mezzanine debt fund with donor funding from the UK and Norwegian Governments. Lulama has an MBA from Wits Business School and a Bachelor of Business Science Degree Finance Honours from the University of Cape Town.


Claire has spent the last 30 years as an investment professional employed in a range of executive positions in the financial services and DFI industries. Claire is currently a …

council member of the National Advisory Council on innovation, a council member of the Special Economic Zone Board, a member of the National Research Foundation’s Board of Directors, Audit Committee and Procurement Committee, a member of the Board Investment Committee of the National Empowerment Fund, a member of two sub committees of the South African Venture Capital and Private Equity Association, a member of IDC’s Senior Experts Panel, a member of the Executive Advisory Board of SiMODiSA and a member of the World Bank’s Financial Services Volunteer Corps. Claire previously headed up the Isibaya Fund at the Public Investment Corporation where she and her team managed R40 billion worth of unlisted assets. Claire has a BSc in Chemistry and an MBA.




Mrs Mbeki is the Founder and Patron of WDBIH. She is also a Trustee/Director of several national and international Boards which promote social and economic development…

in poor communities: namely WEF’s Schwab Foundation for Social Entrepreneurship (Geneva); El Taller for Human Rights (Tunis, India); Localvoice4Development (Netherlands). She is a retired Chancellor of the CIDA City Campus University (South Africa). She is also Patron and life-member of the IWFSA and Fonder and Patron of SAWID. She studied Social Work in South Africa (Wits University) and postgraduate studies in the UK (London School of Economics and The Institute for Social Work Training) and the USA (Brandeis University).




Faith is the CEO and Director of WDBIH. Faith has been associated with WDBIH for over 20 years, as one of its founding members and a Non-Executive Director.

Faith has extensive experience in financial services, corporate and investment banking, strategy development and leadership. She spent 12 years in Senior and Executive positions with Standard Bank, Corporate & Investment Bank (“CIB”) from 2001 to 2013 her last position being Head of Corporate Banking. Faith serves on the Board of Discovery Limited, Safari RSA Limited, Transcend Residential and Seed Engine. Prior to joining Standard Bank, she was with Brait Private Equity for 5 years.   Faith completed her BA Economics degree with Honours at Wheaton College and MBA (Finance) from Bentley Graduate School of Business. She also completed an HDIP Tax from the University of Johannesburg in 2005 and participated at Columbia University (New York) Executive Leadership Programme in the latter part of 2007. Faith is a member of the IWF (SA) and was a finalist at the Standard Bank Top Women Awards 2016. She is also a recipient of the 2017 Business Woman of the Year Award (Corporate Category) from the Business Women Association of South Africa (BWASA).


Thandie is the Chief Financial Officer and Director of WDBIH, responsible for overall financial and risk management of the Group. She is also involved in transaction execution and investment monitoring.

Prior to joining WDBIH, Thandie spent 2 years as Group Chief Financial Officer of Vantage Capital Group, a Private Equity Fund Manager, where she was responsible for financial management, portfolio reporting, risk management, and compliance. She also spent 11 years at the Industrial Development Corporation (“IDC”) in various roles, where she led a number of project and corporate finance transactions. In her last 5 years at the IDC, Thandie was responsible for the management of IDC’s private equity and loan investment portfolio in several sectors. Thandie holds B.Com and B.Com Honours degrees from the University of Kwa-Zulu Natal (formerly University of Natal) and a Masters degree in Business Leadership (MBL) from the University of South Africa. She qualified as a CA (SA) in 2003 after completing articles at KPMG and Transnet Group Limited.


Nicola joined WDBIH in April 2005 as the team’s Investment Executive. In 2012 Nicola became the Chief Investment Officer at WDBIH. Since joining, she has project managed …

 several key transactions such as the Bidvest/Dinatla refinancing, the FirstRand Empowerment Trust refinancing and lock-in extension in November 2014, the Assupol BEE transaction, the WDBIH capital raisings in 2013 and 2017. Nicola is responsible for lead generation, capital raising and allocation, cash generation and ongoing portfolio maintenance and investment partner relationships. Prior to joining WDBIH, Nicola was a corporate finance executive at African Harvest Capital (now Vunani Capital) where she lead several BEEE transactions and was part of the Joint Global Co-Ordinator team involved in the Telkom IPO. Prior to that Nicola worked at HSBC in the Equity Capital Markets division where she raised capital for companies listing on the JSE and advised on post listing investor relations and capital raisings. Her directorships include Wesbank Advisory Board (a division of FirstRand Bank Limited), Assupol Holdings Limited, Assupol Life Limited, Algoa FM and WDB Junior Mining (Pty) Limited. Nicola has a B.Com from the University of Witwatersrand, H. Dip Tax (University of Johannesburg), Post Graduate Diploma in Management – (Bus.Admin) from Wits Business School and is a qualified CFA


Rose Mamabolo is a Business Manager at WDBIH. Since joining in 2014, she has assumed responsibility for the Finance team and management of the company’s compliance…

 financial reporting requirements as well as for the company’s marketing, public relations and social investments. Before joining WDBIH, she was with Momentum Investments as a Financial Manager and later as Head: Management Reporting where she was responsible for group, statutory and management reporting requirements. Rose spent 4 years at Regiments Capital where she was instrumental in the development of the Finance division and strategy which entailed inter alia, the implementation of policies, internal controls and processes as well as management and statutory reporting systems. Rose is a qualified CA (SA). She has a N.Dip Cost Accounting (cum laude) from Vaal University of Technology and a B.Com (Honours) in Accounting from University of KwaZulu-Natal.
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