A STRONG PARTNERSHIP ETHOS
AMB Capital has a strong partnership ethos of creating long-term capital appreciation for all stakeholders.
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In 2004 having left their various positions in Government, Popo Molefe and Valli Moosa approached AMB Capital to assist them in setting up a new black owned investment company. AMB Capital provided office space and administrative infrastructure and assistance to enable them to achieve this.
The founding partners, the late Eric Molobi, Valli Moosa and Dr Popo Molefe had a vision of becoming involved in broad-based empowerment in South African business. Shortly after its inception, Dr Lulu Gwagwa joined Lereko as Chief Operating Officer. Moosa, Molefe and Gwagwa have all held senior office in the public service, and have together brought keen leadership and relevant experience to Lereko. Investments have been made in a number of companies where a shared mindset of both commercial imperatives and transformation commitment have been identified.
AMB Capital has partnered with Lereko as part of a BEE Consortium which is a strategic partner to Sappi Limited.
In addition to this both Lereko and AMB Capital are part of a joint venture with Sappi looking to do property development of parts of the Sappi land not being utilised for core Sappi operations. The long term goal is the rezoning of land as well as mixed use residential and commercial developments on this Sappi land.