Company Profile
Strategic and Value Investments
Our investment approach is to acquire strategic or controlling stakes in established companies which have the following attributes:
- Sound management
- Good governance
- Track record of achievement
- Strong cash flows and/or attractive growth prospects
- Synergy with WIPHOLD’s values and business ethos
As far as strategic and value investments are concerned, the group has stakes in Telkom, the Distell Group, Afrisun Leisure and MCG Industries. WIPHOLD also has significant shareholding in human capital development provider, Adcorp, and USB-Ed, the executive education arm of the University of Stellenbosch Business School.
Strategic investment Portfolio
Telkom SA (1.18%) - Telecommunications
Telkom is Africa’s largest integrated communications company, providing integrated communications solutions to an entire range of customers.
Distell Group (6%) - Consumer Goods & Services
Distell Group Limited is South Africa’s leading producer and marketer of fine wines, spirits, ciders and ready-to-drinks (RTDs). The Group is listed on JSE Limited. Distell employs over 4 200 people and has an annual turnover in excess of R7.9 billion. Click here to read more…
Afrisun Leisure (Sun international) (19.80%) - Tourism and gaming
Sun International Limited invests in and manages businesses in the hotel, resort and casino industry. The group is specifically focused on the development, operation and management of hotels, resorts and casinos. We will continue to position ourselves to take advantage of opportunities in those markets where we can achieve a strong market position benefiting from our innovation and depth of experience.
MCG Industries (14.58%) - Manufacturing
MCG Industries is a wholly owned South African company engaged in the manufacturing of both primary and secondary packaging.
SA Corporate Real Estate Fund (5.6%) - Property
SA Corporate Real Estate Fund is a real estate investment trust listed on the JSE Limited, which has a diversified portfolio of 191 properties valued at R9.0 billion. The properties are split sectorially by value into industrial 34%, retail 57%, and office 9% and geographically Gauteng 41%, Kwa Zulu Natal 45% and Western Cape and other 14%.
Adcorp (8.75%) - Business Services & Human Capital
The Adcorp Group was founded in 1978 as a recruitment advertising business. Over the past 10 years, the Group has developed to become South Africa’s leading provider of human capital management and business process outsourcing services (BPO) with a proud tradition of creating value for our shareholders, providing quality service to our clients, innovating unique product and service solutions, developing and upskilling our sizeable candidate base, trailblazing in terms of black economic empowerment, converting a high proportion of our profit into cash, paying generous dividends and adhering to the highest standards of corporate governance. Click here to read more…
University of Stellenbosch Business School - Executive Development (15%)
USB Executive Development Ltd (USB-ED) is the executive education arm of the University of Stellenbosch Business School. USB-ED has been offering open and partnership programmes since 2001, when the Business School decided to consolidate its shorter programmes and to deliver executive education via one contact point. USB-ED has since structured its services into open programmes, corporate partnership programmes, leadership and organisational development, and consulting.
Financial Services
WIPHOLD’s operational investments in the financial sector are dominated by strategic partnerships with banking and financial services giants, Old Mutual, Nedbank and Mutual & Federal, but also include holding in niche financial service providers, WipCapital, Legae Securities, Legae Capital as well as a strategic partnership with Russell International Investment Management Services. These operational investments are managed by performance contracts agreed annually.
Old Mutual (0.53%)
Old Mutual is the largest and most well-established financial services provider in South Africa, and its broad base of offerings include banking and investment management services, savings products, life assurance, general insurance, asset management, corporate solutions and healthcare.
Nedbank (0.92%)
Nedbank, one of South Africa’s “Big Four” banking groups, is a more specialised provider, offering the complete range of wholesale and retail banking products and services through three business clusters: Nedbank Corporate, Nedbank Capital and Nedbank Retail.
Mutual & Federal (4.45%)
Mutual and Federal is one of the leading short-term insurance companies in the Southern African region providing packaged and customized insurance to personal, retail and corporate clients in South Africa, Botswana, Namibia and Zimbabwe
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