Thursday, February 23, 2012
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Board of Directors

Executive Directors


Mark Lamberti BCom, MBA, PPL - Chief Executive Officer; Chairperson of the Executive Committee.

Jonathan Jawno BCom, CA (SA) - Deputy Chief Executive Officer; Chairperson of the Asset & Liabilities Committee.

Michael Mendelowitz BCom, CA (SA) - Chief Investment Officer.

Steven Kark BCom, PDBA - Chairperson and Chief Executive Officer of Paycorp Holdings.

Timothy Jacobs BCom, BAcc, CA (SA) - Chief Operating Officer of SA Taxi.

Non-executive Directors


Christopher Seabrooke BCom, BAcc, MBA, FCMA - Independent Non-Executive Chairperson of the Board.

Ms. Phumzile Langeni BCom - Independent Non-Executive Director.

Brenda Madumise BProc, LLB, MBA Dip. Int. Trade Law - Independent Non-Executive Director.

Roberto Rossi BSc (Mech Eng), GDE (Ind Eng), BProc - Non-Executive Director.

Rob Shuter BCom, CA - Independent Non-Executive Director; Chairperson of the Risk and Compliance Committee.

Dumisani Tabata BProc, LLB - Independent Non-Executive Director; Chairperson of the Nominations & Remunerations Committee.

Shaun Zagnoev MSc Mech Eng, MBA - Non-Executive Director representing Ethos.

Company Secretary


Peter Katzenellenbogen BCom, CA (SA)

Board Committees


  Executive
 Audit
Nominations & Remuneration
 Risk & Compliance
 Asset & Liability
 Social & Ethics
CS Seabrooke
 Independent
Non-executive 		    X   X
P Langeni
 Independent
Non-executive 		  X X     X
B Madumise
 Independent
Non-executive		           X
D Tabata
 Independent
Non-executive		     X      
R Shuter
 Independent
Non-executive		   X   X X
S Zagnoev
 Non-executive    X X      
R Rossi
 Non-executive       X  
M J Lamberti
 Executive X     X X
J Jawno
 Executive X   X X X
T N Jacobs
 Executive X
     X X
S Kark
 Executive X
          
M Mendelowitz
 Executive X          
Management              
D Hurwitz
 Chief Risk Officer
 X     X  X   
T Kier CEO SA Taxi
 X     X

S Stone
 Executive
Deputy
Chairman
Bayport
 X     X  
C van der Walt
 CEO MBDCS
X     X    
M Herskovits
 Divisional Head of Debt Capital Markets
      X
L Acres
 Human Capital Executive
        X
* Chairperson of committees denoted in bold.

 

 More details regarding the Board Committees can be found in the Committees section.
Mark J. Lamberti Close

For the past 30 years, Mark has served in an executive or non- executive capacity on the boards of various public companies in the retail, technology, media, and telecommunications fields and as chairperson or a director of a number of industry associations and educational institutions.

On 1 July 2007, after serving for almost 19 years as the architect and leader of Massmart Holdings Limited, Mark retired as deputy chairperson and chief executive to become non-executive chairperson of the board. In 2011, Walmart purchased a 51% controlling share of Massmart and invited Mark to remain as chairperson of the reconstituted board.

Mark joined Transaction Capital in July 2008 as executive chairperson and, in keeping with good corporate practice, he relinquished the chairpersonship in September 2009. In addition to various directorships, Mark is an Honorary Adjunct Professor of Business Administration at Wits Business School. Mark’s achievements have been widely acknowledged throughout his career, most notably as the 2001 winner of the Ernst & Young South Africa’s Best Entrepreneur Award and the 2004 winner of the Italian South African Businessman of the Year Award

Timothy Jacobs Close
Tim is a Chartered Accountant by profession, having served articles at Ernst & Young in Johannesburg. He commenced his business career in 1996 as financial director of Air Liquide (Proprietary) Limited, an industrial and medical gas company. He went on to join Nampak Limited, the listed diversified packaging group, in 2001 as group accountant, and was appointed group financial manager in 2003. He was then appointed chief financial officer and board member in 2005. Tim joined Transaction Capital in September 2009 as chief financial officer, and became Chief Operating Officer of SA Taxi in February 2012.
Steven Kark Close
Steven commenced his business career at Interbrand, the main operating subsidiary of Brandcorp Limited, where he rose to be a director. In 1999, he co- founded the ATM Solutions Group (now Paycorp Holdings), winning the KPMG Unlisted Company of the Year Award in 2003. A recipient of the Investec Jewish Entrepreneur of the Year Award in 2001, Steven is the chairperson of the Association of System Operators, a member of the Young Presidents Organisation and a founder board member of the ATM Industry Association Africa. Steven is the chief executive officer of Paycorp Holdings.
Jonathan Jawno Close
Jonathan is a Chartered Accountant by profession, having served articles at Arthur Andersen in Cape Town. Jonathan co-founded financial services entity Stratvest in 1995 with friend Michael Mendelowitz. In 1997, ABIL, at the time called Theta Investments, acquired 50% of Stratvest, leading to the formation of Nisela Growth Investments (Nisela). Jonathan held the position of joint chief executive officer of Nisela until 2002, when it was integrated into ABIL. Together with Rob Rossi, Jonathan and Michael went on to acquire and grow the group of companies that were merged with Paycorp Holdings in 2006 to form Transaction Capital. Jonathan currently fulfills the role of Deputy CEO of Transaction Capital.
Christopher Seabrooke Close
Christopher SeabrookeChristopher is an international financier and investor who has been a director of over twenty stock exchange-listed companies over the years. He is currently chief executive officer of Sabvest Limited, chairperson of Metrofile Holdings Limited and deputy chairperson of Massmart Holdings Limited (all JSE listed), and a director of Brait S.A. (Luxembourg/JSE), Datatec Limited (LSE– AIM/JSE) and Net1 UEPS Technologies Inc (NASDAQ/JSE). He is also a director of a number of unlisted companies including Mineworkers Investment Company (Proprietary) Limited and is chairperson of The Alternative Equity Partners Fund. He is a former chairperson of The South African State Theatre and former deputy chairperson of the inaugural National Arts Council of South Africa. He is also a member of The Institute of Directors.
Len Konar Close
Len is a Chartered Accountant by profession and was previously executive director of the Independent Development Trust where he was, amongst other activities, responsible for the internal audit and investment portfolios. Prior to that he was professor and head of the Department of Accountancy at the University of Durban-Westville. He has also lectured to graduate students at various South African universities. Len is a member of the King Committee on Corporate Governance, the Corporate Governance Forum and the Institute of Directors. He is a non-executive director of the JD Group Limited, Sappi Limited, Illovo Sugar Limited and chairperson of Steinhoff International Holdings Limited, EXXARO Resources, Old Mutual Investment Group South Africa and Mustek Limited. He is the past co-chair of the Independent Oversight Panel of the World Bank and the past chairperson and member of the external audit committee and past member of the Safeguards Panel of the International Monetary Fund in Washington, and past member of the ad hoc Ethics Panel of the United Nations in New York.
Phumzile Langeni Close
Phumzile is a B Com graduate and a stockbroker by profession. She is the executive chairperson of Afropulse Group (Proprietary) Limited, a women-led investment and corporate finance house. She was previously vice-president of investor relations of dual-listed junior platinum miner, Anooraq Resources Limited. Prior to that, she was head of new business at Barnard Jacobs Mellet Securities (BJM). She is one of the two founders of Mazwai Securities, a stockbroking firm that merged with BJM in 2003. Phumzile also served as the economic advisor to the then Minister of Minerals and Energy, the Honourable Ms B P Sonjica, between 2007 and 2009.

Phumzile is currently the chairperson of Astrapak Limited, and a non-executive director of Massmart Holdings Limited, Imperial Holdings Limited, Peermont Global (Proprietary) Limited, Primedia Limited, the Mineworkers Investment Company (Proprietary) Limited and the Port Regulator. She sits on the board of the St Mary’s School (Waverly) Foundation.
Michael Mendelowitz Close
Michael is a Chartered Accountant by profession, having served articles at Deloitte & Touche in Cape Town. His career to date has focused on identifying and partnering high growth owner-managed businesses, most of which capitalised upon niches within the financial service sector. Michael co-founded financial services entity Stratvest in 1995 with friend Jonathan Jawno. In 1997, ABIL, at the time called Theta Investments, acquired 50% of Stratvest, leading to the formation of Nisela Growth Investments (Nisela). Michael held the position of joint chief executive officer of Nisela until 2002, when it was integrated into ABIL. Together with Rob Rossi and Jonathan Jawno, Michael went on to grow the group of companies that were merged with Paycorp Holdings in 2006 to form Transaction Capital, which continues to harness his skills and experience.  Michael currently fulfils the role of Chief Investment Officer of Transaction Capital.
Brenda Madumise Close
Brenda runs a women-led investment company and also consults on various business aspects including but not limited to corporate governance. Her career began at the University of the Witwatersrand as an assistant on the street law project. She has worked for Government and the private sector in various capacities, pioneering policies for gender equality, telecommunications and broadcasting, mining and constitutional development. Brenda serves on the boards of Hospitality Fund, Randgold and Exploration, Railway Safety Regulator, and the International Marketing Council. She is vice-president of Business Unity South Africa and chairperson of the Iziko Museums. She is an admitted and non-practising advocate. She previously chaired the Appeals Board for Council for Medical Schemes for six years. She has edited two books, namely, the Situation Analysis of South African Women and Sexual Harassment in the Work Place. She was a visiting fellow at the United Nations Human Rights Commission.
Roberto Rossi Close
Rob founded Miners Credit Guarantee (MCG) in 1991 to provide credit card type facilities to mine workers.

MCG acted as a credit provider between retailers and Teba Bank until 1998. MCG developed a network of over 300 retailers serving 150 000 clients. In 1999 Theta Investments acquired a 50% stake in MCG.

Rob assumed executive roles at MCG and Theta and was subsequently responsible for the establishment, acquisition, growth and operations of several of the businesses owned by African Bank Investments Limited (ABIL). During 2003, MCG was integrated into ABIL and Rob sold his remaining shares to ABIL. In 2003 after ABIL merged Theta Investments and African Bank Limited, he left ABIL and, together with Jonathan Jawno and Michael Mendelowitz, went on to acquire and grow the group of companies that merged with Paycorp Holdings in 2006 to form Transaction Capital.
Rob Shuter Close
Rob is a Chartered Accountant by profession, having served articles at Deloitte & Touche in Johannesburg. Most of Rob’s career has been in the banking sector where he has been head of investment banking at Standard Bank and head of retail banking at Nedbank. Rob has always enjoyed working in the strategy and leadership fields and was head of strategy and corporate affairs for Nedbank prior to being appointed to run their retail banking division in 2004. In 2008, Rob was awarded South Africa’s leading manager award by consulting firm CRF. In 2009 Rob left Nedbank and joined the Vodacom Group as chief financial officer.
Dumisani Tabata Close
Dumisani was admitted to practise as an attorney of the Supreme Court of South Africa in 1984 and in the same year became one of the founding partners of Smith Tabata and van Heerden in King William’s Town. As an attorney, he has been involved in several constitutional and administrative law-related matters affecting individuals and community organisations. He has a keen interest in human rights law and humanitarian law.

In 1996, Dumisani was appointed as an acting judge of the High Court and served in this position for three terms. Dumisani regularly acted as attorney for Government departments, local authorities and parastatals. He has served as deputy chairperson of the ABSA Bank regional board in the Eastern Cape and is currently a member of its advisory board and a member of ABSA Bank’s divisional board.

He is an executive director of Vuwa Investments (Proprietary) Limited and director of Smith Tabata Inc in King William’s Town and East London and Smith Tabata Buchanan Boyes in Cape Town and Johannesburg.
Shaun Zagnoev Close
Shaun worked as a management consultant with Gemini Consulting, providing strategic and operational consulting services to large South African companies. He is currently a partner at Ethos Private Equity where he has been involved in investing in a wide array of businesses for the past seventeen years. He is responsible for all aspects of the investment process and has sat on the boards of some nineteen companies where he offers strategic and financial guidance. Shaun frequently delivers lectures on private equity to business schools and local and international private equity forums.
Peter Katzenellenbogen Close
Peter obtained his B Com Accounting (cum laude) from Pretoria University in 1967 and qualified as a Chartered Accountant in 1969. He joined PKF (Jhb) Inc in 1968 and was admitted as a partner in 1974. He served on the management committee from 1979 and was appointed as managing director in November 1999. He also served as national chairperson of PKF in Southern Africa and as the African representative to PKF International Limited. He resigned on 31 October 2006 to join Transaction Capital. Peter is the chairperson of the Chartered Accountants Medical Aid Fund investment committee and a member of its disputes panel. He has served as trustee and treasurer of numerous trusts, body corporates and social organisations.

Transaction Capital Group Companies


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