The Team

Makalani’s management team consists of qualified investment professionals with a background in BEE and mezzanine financing. Using experience gained from Makalani Holdings and other successes within the BEE and mezzanine funding space, the management team is uniquely placed to capitalise on mezzanine investment opportunities arising in the South African market.

Investment Professionals

Keshan Pillay – CEO
BCom (UDW), Executive Development Programme (WBS)
Keshan Pillay joined Makalani as CEO in September 2008. He is an accomplished transactor with significant experience in the structuring and financing of BEE transactions. Before joining Makalani, he was the executive director responsible for finance and strategy at the Mineworkers Investment Company (“MIC”) where he helped grow MIC’s asset base strongly during his 10 year stay. Notable MIC transactions led by Keshan included BP, FirstRand, Metrofile, Tracker and the successful R15 billion public-to-private transactions of Peermont Global and Primedia.
In 2010, Keshan led the successful R1.9 billion delisting of Makalani, affording shareholders the opportunity to exit their investment at a fair price, and further allowing management to realise the net asset value of the portfolio in the unlisted environment for the remaining shareholders. In addition to his role at Makalani, Keshan is the independent Chairman of Eastvaal Motor Holdings.


Ahjeeth JaiJai – Executive
B.Com; LLB; H. Dip Tax Law; H.Dip. Co.Law; M.Sc (Fin and Fin Law)(London)
Ahjeeth began his banking career in 1999 at Standard Bank, Corporate and Investment Banking (formerly Standard Corporate and Merchant Bank). He began his career as a legal advisor within the Structured Finance business where he was trained in structuring, implementation and risk management of tax based financing structures. He progressed into a transacting role within the Project Finance team focusing on mining and telecom transactions. Ahjeeth was fortunate to have been involved in some of the largest transactions in the mining and telecoms sectors at that time.


Zuko Maponye – Financial manager
B Comm (Hons), CA(SA)
Zuko Maponye completed his articles at Deloitte in Port Elizabeth, where he qualified as a chartered accountant in 2008. Zuko joined Makalani in September 2011 as finance manager. Prior to Makalani, Zuko worked as a consultant for Deloitte Corporate Finance in Johannesburg and also spent time at Transnet and Standard Bank working as a finance manager.