Former FNB and Vodacom CEOs join Invenfin board

Former FNB and Vodacom CEOs, Michael Jordaan and Pieter Uys, have  joined the Invenfin board as non-executive directors.

Invenfin is the venture capital division of listed investment holding company, Remgro.

“Both Michael and Pieter are highly successful businessmen who have made major contributions to our economy.  Each is a visionary when it comes to business strategy, innovation, and building world-class companies,” said Stuart Gast, executive director at Invenfin.

Pieter Uys
Pieter Uys

Jordaan is credited with leading a variety of major innovations during his tenure at FNB including engaging with customers on social media and driving the adoption of mobile banking through the distribution of innovative tech products such as tablets.

“A vibrant entrepreneurial sector is essential for the South African economy and a VC fund like Invenfin is an important player in this ecosystem”, said Jordaan, adding that “through our investment in businesses and providing strategic support, hopefully Invenfin can add to the list of homegrown, internationally-recognised success stories”.

“South Africa has many smart entrepreneurs, and has produced some of the world’s greatest innovations. It is a privilege to be part of the Invenfin team, and support companies that will be the next South African success stories” said Uys.

Jordaan was recently appointed chairman of Wines of South Africa (WOSA), and was last year appointed as the chairman on South African mobile social platform, Mxit‘s board.

Jordaan also set up a private investment vehicle, MonteGray Capital, in Stellenbosch, investing in disruptive technologies.

Uys joined the board at Seacom at the end of 2013, as a director. He joined up with Remgro in 2013, after his four year stint at the top of Vodacom’s management chain.

More on Remgro, Michael Jordaan and Pieter Uys

Remgro in R2.34 billion media buy

Pieter Uys joins Seacom board

Michael Jordaan heads up wine organisation, WOSA

Michael Jordaan bets on new tech investments

Michael Jordaan’s new investment firm – MonteGray Capital

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Former FNB and Vodacom CEOs join Invenfin board