Tiger brand, a leading South African consumer goods conglomerate, has appointed Barati (Mogane) Mahloele to head its venture capital fund department as its director.
This appointment is in line with its global strategic objective of revolutionizing the company towards supporting small businesses with the capacity to increase productivity and provide more income-generating opportunities for Africans.
The company, which has a market value of more than R17 billion, or $1.1 billion, sees her appointment as a much-needed motivation to extend the company’s reach to many places in Africa.
Barati Mahloele, who is an experienced commercial finance and private equity professional, has worked internationally on countless projects across South Africa, Kenya, Ethiopia, the UK, and Australia with an outstanding level of success.
What are the benefits of this appointment?
Barati Mahloele, who is highly skilled in commercial finance and private equity, will bring her wealth of experience to the company. Most of the successes she had in Australia, Kenya, and Ethiopia would be repeated in her new role as the venture capital director.
She will be working to identify entrepreneurs with businesses that align with the Tiger Brand's consumer-relevant growth platforms of health, nutrition and economical food options.
Entrepreneurs in the line of delivering quality consumer goods should see this as a great opportunity to partner with one of Africa’s Fast-Moving Consumer Goods (FMCG) companies. Funding to assist such entrepreneurs to grow will be made available.
The Tiger brand, which used to manage the Dangote Flour and Supargetti Companies in the past, will see this appointment as a chance to attract more business prospects within the African continent.
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