BRIMSTONE consortium

Chestnut Hill

Company Profile
Key Management

Company Profile

Chestnut Hill has been established to take advantage of the opportunities that the current BEE environment, particularly the Financial Sector Charter, presents. The company has various capabilities and skills to contribute to the growth of the companies it partners with.

The individuals within the company bring with them various relationships, both in the private and the public sector, which are leveraged for the growth of partner entities.

Chestnut Hill is a BEE company that is built on sound business principles and is owned and controlled by historically disadvantaged South Africans.

Chestnut Hill is led by Bulelani Ngcuka who was the former National Director of Public Prosecutions.

Other shareholders include –

• Mveleli Booi, previously the Chief Executive of Gobodo Incorporated,
• Sango Siviwe Ntsaluba, previously a partner at SizweNtsaluba VSP, a large independent black firm and an Executive Director at Transnet,
• Kennedy Memani is a business strategist who is a Director of KREM Investment Holdings and the Senior Partner in XK Memani, Ruiters and Associates.
• Thabiso Tlelai, the Chief Executive Officer of Don Suite Hotels,
• Gilimamba Sylvester Mahlati a specialist surgeon who has extensive experience in the health care and insurance industry, and
• Bonga Mlambo, an in research methodologies, community facilitation and institutional capacity building

Back to Top

Key Management

Bulelani T. Ngcuka, BProc. ( Fort Hare ), LLB (Unisa), M.A. (University of Webster) is the Executive Chairman of Amabubesi Investments. He is the former National Director of Public Prosecutions (NPA), a position he held since 1998. He is one of South Africa’s leading legal practitioners. He was admitted as an attorney in 1980 and subsequently played a significant role as a human rights lawyer and political activist in the United Democratic Front. He was a member of the ANC delegation to CODESA and a leading player in the resultant multi party negotiations. He became the leader of the ANC preparatory delegation to Parliament, an ANC MP and Chief Whip of the ANC in Senate. He also served on the Constitutional Assembly and Constitutional Committee, the Judicial Service Commission and was Deputy Chair of the National Council of Provinces. He serves on various boards including Transnet, V&A Waterfront Holdings (Chairman), The PA Group and STRB Attorneys.

Sango Siviwe Ntsaluba (BCom ( Fort Hare), BCompt Hons (Unisa), CA, HDip Tax (RAU)) was previously a partner at SizweNtsaluba VSP, a large independent black firm. He was later the Executive Director at Transnet responsible for restructuring and rail. He is currently the Chief Executive Officer of Amabubesi Investments and a Non-Executive Chairman of SizweNtsaluba. He is a Board member of the National Electricity Regulator, SASRIA, the Eastern Cape Development Corporation and the National Housing Finance Corporation. He was also a member of the BEE commission.

Mveleli Booi (B.Comm. CA (SA), CIMA) is a chartered accountant who was previously the Chief Executive of Gobodo Incorporated. During this time it was one of South Africa’s most reputable independent firms of black accountants. He is regarded as an expert in the area of strategy formulation, strategic finance and corporate governance. He is currently the Chairperson of the Audit Committee of LGWSETA and an Executive at Amabubesi Investments.

Kennedy Memani (BComm, H.Dip. Tax, CA (SA)) is a business strategist who is a Director of KREM Investment Holdings and the Senior Partner in
XK Memani, Ruiters and Associates. He has extensive experience working with the public sector on restructuring and privatisation programs, including for Telkom and Transnet. He Co-Chaired the search for a strategic equity partner for South African Airways. He is a Board member of the SABC and is Chairman of the Eskom Pension Fund.

 Thabiso Tlelai (BComm (Memorial University of Newfoundland, Canada)) is the Chairman and Chief Executive Officer of Don Suite Hotels. He is the majority shareholder of this company. He serves on several boards including South African Tourism and the South African Tourism Association. He is Chair of the Tourism Business Council of South Africa. He has received numerous awards for entrepreneurship.

Gilimamba Sylvester Mahlati (M.B.Ch.B. ( University of Natal, Fellow of College of Surgeons of South Africa ( University of Cape Town), Clinical Fellow in Liver Surgery King’s College Hospital – London)) is a specialist surgeon who has extensive experience in the health care and insurance industry. He is an Executive Director of Amabubesi Health Care. He is consultant to various entities on health care issues including public sector and trade unions. He is the former Managing Director of Strategic Investments at MEEG Bank, and a former executive director at Channel Life.

Bonga Mlambo (BA. Soc. Sc. ( Swaziland), MA Soc Sc. ( Carlton University – Ottawa)) has particular expertise in research methodologies, community facilitation and institutional capacity building. In 1995 he founded Zizamele Facilitation Services, a black owned consultancy firm specialising in community development and facilitation services. He currently heads Uluntu Investments, a black owned investment vehicle with interest in various sectors.