Board members

Rajesh Sukha
Board Chairperson


Rajesh Sukha serves as theDeputy Group Company Secretary: Ninety One since 2020.  He was the Head of CoSec: Southern Africa at Investec Asset Management since January 2017. He has been serving as a Black Umbrellas director since January 2010 and was appointed Chairman of Black Umbrellas in February 2019.

Rajesh was admitted as an Attorney and registered with Law Society of Cape of Good Hope as a practising attorney in November 2000.

Rajesh’s educational background includes B.Proc. through the University of Western Cape in 1998, CIBM at Institute of Chartered Secretaries and Administrators (ICSA) in 2014 as well as short courses relating to corporate governance.

Rajesh’s professional background includes being a company secretary at Old Mutual Life Assurance Company (SA) and the Sanlam Investments Cluster (asset management/investment division of Sanlam). Prior to that he provided legal advice, specialising in BBBEE, to clients of SEESA Ltd. He later got seconded to SERA (Pty) Ltd as a BBBEE verification manager once the role of advisor and verifier was separated in the BBEE codes.

Rajesh practised law at Weiner & Associates in Cape Town and later opened their Queenstown office (Eastern Cape). He later established his own law firm, Rajesh Sukha and Associates and also took up a shareholding in Amalgamated Debt Management Services (Pty) Ltd, and acted as General Manager.

Donné Nicol

Donné Nicol is a Special Adviser to the President of the Republic of South Africa. She is the former Chief Executive Officer of Cyril Ramaphosa Foundation, which works to improve education, promote skills development and develop small and medium Black business through its partner entities, Adopt-a-School Foundation, Kagiso Shanduka Trust, Cyril Ramaphosa Education Trust and Black Umbrellas.

Donné led the Foundation from its establishment as Shanduka Foundation in 2004 and was instrumental in driving the organisation’s strategic focus and mission through model building and collaborations with like-minded organisations.

Prior to 2004, she was Executive Assistant to President Cyril Ramaphosa for eleven years during which she was instrumental in setting up the Adopt-a-School Foundation and acted as Executive Director for its first year of operation. While assisting President Ramaphosa in his capacity as ANC Secretary General, she facilitated the establishment of Cyril Ramaphosa Education Trust to provide financial support to disadvantaged tertiary education students.

She was also a coordinator for the ANC National Executive Committee and National Working Committee. Special tasks included the planning and management of the ANC National Conference in 1994 and the administrative coordination of the ANC list process in 1994.

Prior to joining the ANC Secretary General’s office, Donné served as Deputy Secretary of the ANC Border region, which was later amalgamated into the Eastern Cape. In this capacity she represented the ANC on the Regional Alliance Secretariat and numerous other committees.

Mmabatho Maboya

Mmabatho Maboya is the Chief Executive Officer of Cyril Ramaphosa Foundation. Mmabatho joined the Foundation in 2015 as its Strategy and Partnerships Executive.

Mmabatho is an experienced strategy, communications and stakeholder relations professional with strong capabilities to link research, strategy and technical expertise to reputation management.

Prior to joining the Foundation, she worked for Shanduka Group, Eskom Holdings SOC and in local government in South Africa.

She serves on the boards of Adopt-a-School Foundation, Black Umbrellas, KST as well as a council member for the Independent Philanthropy Association of South Africa (IPASA).

Mmabatho is passionate about issues relating to access to quality of education, children’s rights, entrepreneurship, environmental sustainability and good governance.

She holds a BSc (Statistics and Geography) from the University of the Free State; BSc Honours (Geography) from the University of South Africa; and an MBA from the University of Pretoria’s Gordon Institute of Business Science.

Charles Maisel

Charles Maisel is an established social entrepreneur and co-founder of the Black Umbrellas. He has been serving as one of Black Umbrellas’ director since January 2005.

In addition to Black Umbrellas, Charles has founded various innovative projects such as Bebold, the largest university student based entrepreneurship network in Southern Africa that enables and supports the pitching of innovative ideas in a safe, experimental and experiential learning environment. In 2016, the False Bay Hospital Trust which is a trust to raising funds for equipment, staff and infrastructure for the False Bay Hospital, a district hospital in Cape Town. Charles founded other projects such as Men on the side of the Road Project, Lavender in Lavender Hill as well as the Fundraising Academy.

Through this innovative projects and initiatives, Charles has been awarded the Echoing Green Fellowship ( USA), Ashoka Fellowship ( USA), Agfund Global award ( UAE), Old Rhodian award and GIBS Bequeathing Leader award.

Duma Mxenge

Duma Mxenge is the Business Development Manager at Satrix, a leading provider of index investment strategies in South Africa. In this capacity his focus lies on business development and relationship management of new and existing clients across all market channels/segments. He is also a director at Black Umbrellas (NPC) which he joined since September 2013.

Duma has a wide and in-depth knowledge of the Asset Management industry and career which spans over a period of 15 years and has fulfilled numerous roles across different disciplines such as being an Equity Analyst, Investment Product Analyst (Product Development), Investment Specialist and an Account Executive.

Duma holds a B.Com Honours in Financial Analysis & Portfolio Management at the University of Cape Town.

Senior management

Mark Frankel

Chief Executive Officer

Xolile Ndumndum

Chief Executive Officer

Thina Hlophe

Stakeholder Engagement Manager

Zanele Gallacher

General Manager – Business Development and Entrepreneur Support

Jerome Eckles

General Manager – Entrepreneur Development