Dr Kinesh Sachidanandan Pather
Chairman
Tsiko Africa Group
South Africa
W : www.tsikoafrica.co.za
Industry / Sector
Consultancy, Healthcare & Pharmaceuticals, Information and Communication Technology, Logistics, Mining, Power & Energy
Personal Profile
He hails from the medical fraternity, and post his practice completed his MBA, went into the investment arena, therafter joining Letsema Investments, and CEPPWAWU Invesments.
Kinesh has extensive experience in the trade union investment arena – he was previously the CEO of the Chemical and Petroleum Union Investment Company. In this role in 2001, he concluded the first significant BEE transaction in the PharmaCo sector through a strategic equity acquisition into Aspen Pharmacare (SA’s largest generic pharmaceutical manufacturer). This has led to enormous benefits for the Union and its members over the last 13 years. He gained immense insight into the sector and the value proposition to the partners.
Kinesh played a key role in the transformation of the Petroleum sector in SA over the previous decade and has access, through direct relationships, with Major Oil Companies and Financiers in this sector. He participated in Total South Africa in formulating its empowerment strategy and approach and is also currently a shareholder of Total SA.
Kinesh was instrumental in the deal structuring of Impala Platinum’s Marula Platinum Mine and lead the consortium to acquire 27% of Marula Platinum in 2005. Kinesh acts as Advisor to Tubatse Platinum and the Marula Community Trust, two of the empowerment partners in the 27% stake of Marula. Kinesh is still retained as advisor on all matters relating to the empowerment stake, and on the community matters.
Kinesh is currently Chairman of Kilimanjaro Capital, a strategic investment company holding equity holdings in the petroleum sector. He also is Chairman of AvaCap which is a boutique corporate advisory house, and an Executive Director of Kefolile Group.
Company Profile
The Tsiko Africa Group was established in 2016 with the vision of building a significant diversified black owned and managed industrial and services business.
This vision was borne out of a number of critical elements that is currently driving the South African economy:
the lack of large black owned and controlled industrial and services businesses in the South African Economy;
the South African Government’s drive, via the Black Industrialist Policy and Programme, to increase the number of black owned entities in the market; and
the increased drive by the South African Government to increase black ownership and control across South African businesses via the recent issue of a set of revised Broad-Based Black Economic Empowerment codes that seek to create value-adding active black shareholders.
Tsiko Africa is 100% black owned and has a Level 1 B-BBEE rating. Tsiko Africa has been set up in order to create an operational entity capable of housing all the Group’s operating entities that have been been acquired and thus has the ability to grow the business while leveraging synergies across the various businesses.
Tsiko Africa’s vision is to be a large, South African, diversified industrial and services business that can achieve a listing on the Johannesburg Stock Exchange in a 3 to 4 year period. As such the group strategy is to build a diversified business around the following core areas:
Services
Technology
Logistics
Energy and infrastructure
through the acquisition of targeted core businesses that can provide the basis of the offering while delivering a portfolio of products and services that can transform the customer experience.
Tsiko Africa’s growth and investment strategy also includes adding niche bolt on acquisitions to the above core businesses in order to enhance the offering across the value chain while adding a range of key business capabilities that can create a competitive advantage for the business. These include a local manufacturing or a value adding capability, a strong research and design capability, extensive intellectual property and a technology capability.
The delivery of the strategy is to be achieved through the set up and organic growth of in-house businesses, through acquisitions, and through the use of strategic partnerships with leading international companies.