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.

Mark Frankel

Mark Frankel serves as the Chief Executive Officer (CEO) at Black Umbrellas. He is also the co-founder of Black Umbrellas, and has a proven track record in developing purpose-led initiatives and driving innovation.

Mark’s educational background includes The Soul of Leadership with Dr Deepak Chopra at Kellogg School of Management, Evanston, Illinois, USA, completed the Board Exam at the South African Institute of Chartered Accountants, Postgraduate Diploma in Accountancy at the University of Natal, Durban and Bachelor of Commerce at the University of Cape Town.

He has several years of senior finance experience with a number of leading private companies and in the not-for-profit sector with Oxfam GB.  Mark has worked closely with some of South Africa’s leading entrepreneurs and been involved at an executive level in growing companies from start-ups to leaders in their fields.  He utilises this experience within Black Umbrellas to create an environment within which the clients will thrive.  

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.

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.

Kgotso Schoeman

Kgotso Schoeman is the Chief Executive officer of Kagiso capital and serves as a non-executive Board Member at Black Umbrellas NPC. He was appointed as CEO of Kagiso Capital in 2015.

Before his appointment as the CEO of Kagiso Capital, Kgotso was involved with the Kagiso Trust for over 20 years and was CEO for 10 years. He successfully managed Kagiso Trust’s transition from being dependent on international grants from donors to a Trust that is now self-financed through its investment Company..

He has sat on the boards of Investee Companies, including Onelogix, Open Learning Holdings and Alphawave. Throughout his career, Kgotso has led the strategy and implementation of significant partnership programmes.

Kgotso’s educational background includes a BA Economics, Advanced Financial Management Diploma, Cambridge Advance Leadership and MIT Advance Leadership Programmes.

Senior management

Mark Frankel

Chief Executive Officer

Thina Hlophe

Stakeholder Engagement Manager

Zanele Gallacher

General Manager – Programme Delivery


Jerome Eckles

General Manager – Programme Enablement and Assurance

Thabisile Ngcobo

Finance Manager