Mazi - Asset Management
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Mazi Asset Management was founded in 2006by Malungelo Zilimbola

Our Story

Have you ever wondered where the expression “cash cow” comes from?

In Nguni cultures, the cow, iMazi, is an excellent investment. As a symbol of wealth, status, and prosperity, cows are valued for their adaptability and resilience. They produce dividends regularly, in the form of milk. They boost capital growth each time they reproduce, and they can be sold to realise a capital gain. Cows deliver returns.

Mazi Asset Management uncovers unassuming investments in unexpected places; those that consistently provide positive returns with low maintenance and little risk.

Established in 2006 by Malungelo Zilimbola as one of the first black-owned hedge fund management companies in South Africa, Mazi has evolved into a Level 1 Broad-Based Black Economic Empowerment business with over R46 billion in assets under management.

With a diverse blend of investment, leadership, research and data expertise, we’ve delivered consistent results for retail, institutional, and individual clients.

Our consistent research-based approach to bottom-up investment led to the creation of South Africa’s Best Equity Fund* and earned us numerous accolades, including Best Performing Black-Owned Investment House and Fund Manager of the Year.

Mazi nurtures industry talent through the MaziGrad Talent Development Programme, which aims to grow black talent in the financial services industry.

Board of Directors

Dr Frank

Dr Frank Magwegwe | Independent Non-Executive Director


Malungelo

Malungelo Zilimbola | Chief Executive Officer


Boitumelo

Boitumelo Hlongwane | Independent Non-Executive Director


Frank joined the Mazi board as an independent non-executive director in April 2022. He holds a PhD in Personal Financial Planning from Kansas State University, USA and has numerous qualifications in finance and management. Frank has cumulative 25 years’ experience in asset management, financial planning, wealth management, retail insurance, derivatives trading and risk management. He has held several executive positions, including Head of Institutional Business, CEO, and COO in various financial services companies. Frank is the founder and research scientist at Thrive Wellness and is a faculty member at GIBS.

Dr Frank

Dr Frank
Magwegwe

Independent Non-Executive Director

Malungelo

Malungelo
Zilimbola

Chief Executive Officer

Boitumelo

Boitumelo
Hlongwane

Independent Non-Executive Director