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.
Keshan Pillay
Chief Executive Officer
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.