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Ata Capital names Mamedupi Matsipa as new CEO
Ata Capital is majority black-owned and they just appointed a new CEO. Joining CNBC Africa is Mamedupi Matsipa, the new CEO at Ata Capital.
Wed, 27 Jan 2021 10:50:01 GMT
Disclaimer: The following content is generated automatically by a GPT AI and may not be accurate. To verify the details, please watch the video
AI Generated Summary
- Tough economic conditions and impact of COVID-19 pose challenges for businesses in South Africa
- Ata Capital focuses on key sectors for growth opportunities amidst the challenging environment
- Importance of empowerment and transformation in driving investments in the private equity space
Ata Capital, a majority black-owned private equity fund manager, has recently named Mamedupi Matsipa as its new CEO. Matsipa, who has been in the industry for close to eight years, is excited to take on this new role despite the challenges facing the investment sector in the wake of the COVID-19 pandemic. In a recent interview with CNBC Africa, Matsipa shared insights on the current economic conditions, investment themes for 2021, and the importance of transformation in the private equity space.
Matsipa acknowledged the tough economic and operating conditions facing businesses in South Africa, exacerbated by the impact of the pandemic. Key sectors such as energy, telecommunications, and healthcare have shown resilience, offering growth opportunities amidst the challenging environment. As a black-owned company, Ata Capital prioritizes investing in businesses that drive transformation and growth while also seeking returns for its investors.
One of the key themes highlighted by Matsipa is the importance of empowerment in the private equity space. Ata Capital aims to use its capital to empower businesses and transform equity credentials, contributing to the transformation agenda in the industry. While acknowledging the untransformed nature of the sector, Matsipa expressed interest in unlocking capital from institutional investors like the Public Investment Corporation (PIC).
When asked about the targets set for her new role, Matsipa emphasized the long-term vision of Ata Capital to be a leading investor in private equity in Africa. She aims to actively partner with the companies they invest in to facilitate growth and transformation. Despite the challenges posed by the current macro environment, Matsipa remains optimistic about the opportunities in strategic sectors and the potential for growth in the medium to long term.
As Matsipa takes on the role of CEO at Ata Capital, she is poised to navigate the complexities of the private equity landscape, leveraging her experience and vision to drive the company towards its strategic goals. With a focus on empowerment, growth, and long-term partnerships, Matsipa's leadership is set to shape the future trajectory of Ata Capital in the evolving investment landscape.
In conclusion, Matsipa expressed her gratitude for the opportunity and her commitment to leading Ata Capital to success in the private equity sector. With a clear vision and strategic direction, Matsipa's appointment signals a new chapter for the company as it embraces the challenges and opportunities of the post-pandemic investment landscape.
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