“Everything was a deal for me,” recalls Andile Khumalo of his high-school days in Umlazi, south of Durban. From bets on sports matches to Tupperware sales, the enterprising trader was always a leader on his playing field. Now 34, Khumalo plays the same game in the boardrooms of Africa’s economic heart.
Seeing the number of CEOs who were chartered accountants, Khumalo set about studying for a BCom and honours before completing his articles with Deloitte in Durban. He moved to Investec in 2003 where he soon found himself discussing billion-rand deals.
After stints as a financial consultant and chief financial officer, Khumalo joined investment company MSG Afrika in 2007. With a stable of businesses ranging from advertising supremos to a printing company, Khumalo spends his days buying new businesses, raising funds or “helping grow one of our businesses”. His acumen has seen him appointed to the statutory Takeover Regulations Panel and, in 2011, named 11th president of the Association for the Advancement of Black Accountants of Southern Africa.
— Ian Macleod