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Mr Sandile Zungu


TITLE: Board of Advisors Chairperson

POSITION: Executive Chairman Zungu Investments Company

 

Sandile Donald Muziwenkosi Zungu (“Zungu”) was born at Umlazi Township, Durban on the 10th of February 1967. He completed Matric at Vukuzakhe High School in 1983, and did post-matric at Hilton College the following year.  In 1983, Zungu was honoured as one of the top 10 participants in the erstwhile KwaZulu regional finals of the Old Mutual National Science Olympiad and in 1984 he came 81st in the national category of the Old Mutual National Science Olympiad. 

Zungu completed a BSc (Mechanical Engineering) degree at the University of Cape Town (UCT) in 1988 as well as a Masters in Business Administration (MBA) at the UCT Graduate School of Business in 1995. In 2000 he completed a Program for Global Leadership certificate at the Harvard Business School in Boston, USA. 

Zungu has 6 years plant maintenance and projects management experience within engineering and production environments, having worked for Richards Bay Minerals (RBM), Engen Refinery, National Sorghum Breweries (NSB) and South African Breweries (SAB) during the period 1989 to 1994. In 1998 he led SARHWU Investment Holdings to becoming BusinessMap Dealmaker of The Year. In 2000 he represented South Africa at the 6th finals of the World Young Business Achievers, which were held in Florida, USA and won the much-coveted Outstanding Business Strategy award.

Zungu featured in the Financial Mail’s Little Black Book profiling South Africa’s 300 most influential blacks and graduated recently as a member of the World Economic Forum in his capacity as Young Global Leader. He is a member of the BRICS Business Council and serves on the BBBEE Presidential Advisory Council. Zungu is also Chairman of the UCT Graduate School of Business advisory board. Zungu was an associate within the corporate finance division of African Merchant Bank (AMB) prior to establishing Sarhwu Investment Holdings in 1997, a company that he led for three-and-half years, growing it from a zero asset base to more than R400 million in the net value of its assets.

In August 2000 he assumed his duties at the then R6 billion New Africa Investments Limited (NAIL) as executive director responsible for strategy and empowerment. He became intimately involved in developing and implementing plans by NAIL to distribute its interest in Metropolitan Life Limited (METLIFE). He left the employ of NAIL at the end of 2001 after its complete transformation to a R1 billion media company.  Zungu was an independent non-executive chairman of Denel, which is South Africa’s state-owned arms manufacturer.

He currently serves as a non-executive director of Grindrod Limited, non-executive director of Novus Holdings and non-executive Chairman of EOH Holdings, all listed on the JSE Securities Exchange. He is executive chairman of Zungu Investments Company (Proprietary) Limited (Zico), which is the holding company of his business interests.

 

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