Ndaba Ntsele started out in business at the age of six selling fruit and peanuts and has worked for himself ever since. In 1979, Ndaba and two friends started a small property development interest, despite apartheid conditions of the era. He battled to raise funds locally – but became extremely successful in raising money offshore.
In 1993, Ndaba was awarded the Nike license in preparation for Nike’s reinvestment into South Africa. Ndaba and his team exceeded return on investment for three consecutive years before selling back the licensing business to Nike. In 1996, Ndaba established South Africa’s first diversified black-owned and black-controlled investment and private equity company – Pamodzi Investment Holdings (PIH). Since then, PIH has raised US$2.3 billion in equity and debt and invested in a portfolio of market leaders with a 37% growth rate. In 2007, Pamodzi raised Africa’s largest private equity fund valued at US$1.3 billion. The Pamodzi team is focused on developing the company into a US$800 million market capitalization firm in 2009.
For Ndaba, leadership is a continuous learning cycle of beliefs, attitudes and behaviors. He believes that before you are a leader, success is all about growing yourself, but once you become a leader it is all about growing others.