AMB Capital has a strong partnership ethos of creating long-term capital appreciation for all stakeholders.

Click on the logos below to read more about our involvement:


AMB Capital was involved in the formation of the Nozala group in 1996. AMB Capital provided initial seed capital, office space and infrastructure support to assist the ladies with their business start up.

AMB Capital has remained involved with Nozala as a shareholder in the business and has supported the growth and development of the company to become a leading South African investment company controlled and managed by black women. AMB Capital has a representative on the Nozala board.

Some of Nozala’s portfolio companies include:

Investments in leading SA corporates such as:

  • Exxaro;
  • Sasol Oil; and
  • PPC.


Select private equity investments in companies such as:

  • Afripack; and
  • Nozala Coal.


Despite a slowdown in the volume of empowerment transactions, Nozala continues to see high quality dealflow. In 2012 Nozala was involved in the following BEE transactions:

  • a follow-on BEE transaction with PPC;
  • the establishment of a new healthcare venture, in partnership with management and the PIC – Nozala Health Partners; and
  • being part of a consortium, led by the PIC and the Pan-African Infrastructure Fund, which is finalising the acquisition of the business, operations and assets of Lanseria Airport.