About Us

Who we are

DF Capital was established on 01 March 2008, to exploit the opportunity of profitably investing in the entrepreneurial SME landscape by providing appropriate financial and non-financial products and support to unlock the value of the SME sector.

 

IDF Capital aspires to be more than just another African business. It is our goal to become catalysts of economic growth across Africa by supporting people on their entrepreneurial journey. Our bespoke service offering gives entrepreneurs the boost they need to grow operationally, and become financially independent through leveraging our experience and knowledge of the African market. We are driven to provide continued sustainability of African businesses through capital and intelligent support. We believe in the power of small businesses to facilitate trade and create jobs.

IDF Capital

IDF Capital was established on 01 March 2008, to exploit the opportunity of profitably investing in the entrepreneurial SME landscape by providing appropriate financial and non-financial products and support to unlock value of the SME sector.

 

IDF Capital aspires to be more than just another African business. It is our goal to become catalysts of economic growth across Africa by supporting people on their entrepreneurial journey. Our bespoke service offering gives entrepreneurs the boost they need to grow operationally, and become financially independent through leveraging our experience and knowledge of the African market. We are driven to provide continued sustainability of African businesses through capital and intelligent support. We believe in the power of small businesses to facilitate trade
and create jobs.

 

IDF CAPITAL

  • Level 1 B-BBEE Black Female-Owned South African Company
  • Member of ABSIP and SAVCA
  • Invested in Excess of 150 Entrepreneurs and Growing
  • Have over R625 million in Funds under Management and Growing
IDF Advisors

IDF Advisors provides specialized and unique solutions for growth, corporates, fund managers, and the public sector. Leveraging the knowledge and experience of a team of highly skilled professionals that provide opportune solutions across sectors.

 

The combination of the team’s experience in corporate, the public sector, and growing businesses ourselves means we have a range of skills that can be applied resourcefully to many problems. We can consult on not only big ticket items but help prepare a growth company to become a scalable business with access to
market, financials and growth opportunities.

 

We bridge the gap between the corporate and entrepreneurial markets with our tailor-made solutions that:

 

Services

  • Enhances and Delivers on Corporate Initiatives for SMEs
  • Builds and Advises Current SMEs
  • Capital Raising Assistance
  • Business Process Assessment and Re-engineering for Project Development and Implementation
  • Mergers and Acquisitions
  • Commercialising ESD Initiatives
  • Company Valuations
  • Project Viability Diagnostic
  • Transaction Structuring
  • Due Diligence Services
IDF Value Added Services

We are more than a business development and strategic programs incubator. We BUILD your ideas…literally, we assemble the RIGHT team for you and create your IDEA! and we do this to meet the program level demands. We design, launch and accelerate business development programs that addresses economic development. We create strategic programs that aimed economic development and are targeting scalable sectors

  • Bio-fuels program
  • Ethanol
  • Bio-diesel
  • Agricultural program
  • Funding readiness program
  • Route-to- scale programs

 

WHAT WE DO

We work with business owners to develop and implement customised business growth plans suited to their circumstances and ambitions. We do so at scale, using our proprietary value creation methodology delivered by in partnership with our associated corporate sponsors, facilitators, supported by deep science and technology. We work with program beneficiaries owners directly and indirectly, through investors, professionals, organisations and governments that recognise their value and wish for them to survive and thrive. An Asset of Value is a business that demonstrates the following attributes:

  • Distinction: from competitors and is customer-centric and specific industry problem solving, eg Biodiesel
  • Momentum: driven by lead generation and conversion systems on the customer base of the beneficiaries.
  • Fulfilment: Through an organised operational systems enabling scale
  • People: Purposeful, motivated people placed at the right positions, for the right executions
  • Next level: Growth and Value hacking
  • Funding : Sustained growth, profitability supported and aligned to right funding strategies
  • Exit: Successful exit management & capital gains
Alitheia IDF

TAPPING INTO AFRICA’S FUTURE

Improved business trading policies, increasing urbanization, a larger and more educated workforce, and rising consumer spending, make Africa one of the most vibrant, new frontier market economies in the world. IDF Capital is tapping into this market through its tailored financial services offering for African entrepreneurs. In 2015, IDF Capital jointly established a Sub-Saharan Africa SME PE Fund called Alitheia IDF in collaboration with Alitheia Capital of Lagos, Nigeria.

 

AIF invests in high performing diverse teams to achieve superior returns by leveraging the gender effect. Studies (by Harvard and Mckinsey) have shown that gender diverse teams are more inclusive, intuitive and conscious than their peers. This means that these businesses are more in tune with their markets, their employees and their stakeholders. They have the ability to bring in new ideas to solve problems, and develop the relationships to ensure success for the business, empower more people to be successful within the organization and with their
customers. With this insight, the AIF team is leveraging its combined experience of over 60 years and its extensive network to access a proprietary pipeline of gender-diverse businesses that leverage key leadership characteristics to achieve superior returns in sub-Saharan Africa. Building on the strong momentum from current funds in South Africa and Nigeria, AIF’s $100M Fund will continue to invest in and
support high growth small and medium enterprises (SMEs) led by gender diverse teams and poised to scale.

 

AIF has a strong pipeline of potential investees that offer:

capital appreciation through predictable growth and scaling; can become attractive trade sale targets (primary exit route) or secondary buy-out candidates; and have demonstrated strong cash generation, EBIT growth, corporate governance and operating standards.

Meet the team

Polo Leteka

Founder and Chairman

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Qualifications: PG Diploma (Auditing) (UNISA) Bcompt. Honours (Accounting & Auditing) (UNISA) Bcom. (Accounting) (University of the Western Cape)

 

Polo is an accomplished and experienced entrepreneur and private equity investor. Through IDF Capital, Polo has contributed towards channeling investments into women-owned SMEs across South Africa. In 2015, she co-founded Alitheia IDF to continue investing in high growth businesses across Sub-Saharan Africa that are women-owned and led.

 

Polo is an accountant by training and has varied experience in both the Public and Private sectors of South Africa which includes accounting and auditing, corporate finance, investment banking, public policy formulation, venture capital and private equity in the SME sector. She was tasked with leading the process of developing South Africa’s first ever Codes of Good Practice on Broad-Based Black Economic Empowerment which is a Government policy seeking to transform the South African economic landscape to be more reflective of its population demographics. As a result of this work which has changed how Corporate South Africa interacts with the rest of the economy, she is considered a thought leader in areas of economic transformation and development.

 

Polo is an accomplished public speaker and contributor to thought leadership articles on transformation and entrepreneurship. She was also part of South Africa’s version of the Dragons Den show and is also a co-author of a book called “…..and for all these reasons, I’M IN…..”, which seeks to assist entrepreneurs to become investor-ready.

Dineo Skwambane

Managing Director & Chief Investment Officer

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Qualifications: B Compt (Accounting) (UNISA) BA Hons (Economics) (University of the South) (USA)

 

Dineo is a seasoned development finance professional with over 20 years of experience. 15 years were spent at the IDC, the balance at UYF and the NEF.  

 

Her experience includes financing micro to large-sized businesses as well as involvement in industry at strategic levels – notably in textiles and tourism.   

 

Her association with IDF spans several years through her involvement in some of the business’ investment committees. 

 

Functional Experience

  • Development finance
  • Entrepreneurship Development
  • Management and leadership
  • Directorship on several companies and trusts
  • Strategy formulation and implementation

 

Industry Experience

  • Textiles & clothing
  • Tourism
  • Micro-finance
  • SME finance
  • Third party and wholesale funds

Wiseman Magabane

Chief Financial Officer

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Qualifications: CTA; N-Dip. (Financial Information Systems) (University of Johannesburg)

 

Wiseman is responsible for the full accounting function, Treasury management, compliance and system development and implementation at IDF Capital. He has established a legacy of bringing efficiency in systems in the various organizations where he has worked. 

 

He is a chartered accountant by training and has over 13 years of experience primarily in the financial services sector, which include; accounting, internal audit, capital management, corporate finance, venture capital and private equity. Wiseman has spent over eight years in the private equity industry in various administrative roles for various fund types and structures. He administered three mezzanine funds as well as a senior debt renewable energy fund at Vantage Capital, a leading mezzanine financier, totaling over R8 billion. 

 

Prior to Vantage, Wiseman worked in banking for over 5 years including TOPP articles at Nedbank where he rotated to various divisions. Post articles Wiseman worked as a transaction manager in the Investment Banking division looking after transactions for the Structured Trade and Commodity Finance unit. He then joined Absa in an analytical benefit tracking role responsible for the bank’s strategic initiatives prior to joining Vantage. After Vantage, Wiseman was an administrator for a private equity fund at PAPE Fund Managers responsible for the compliance, portfolio monitoring and fund reporting.

Edgar Mashinini

Chief Operations Officer

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Qualifications: BCompt (Accounting)(Unisa)

 

Edgar started his career as a credit controller at Nedbank in 1997, and progressed to Rand Merchant Bank Agricultural futures trading desk from November 2004 until March 2005, where he was responsible for SAFEX compliance, trading asset register and monitoring trading mandates and dealer compliance with trading limits and rules. 

 

Edgar served his articles with Sizwe Ntsaluba VSP (Auditors), completing in January 2009. He then joined ABSA Ltd as a Financial Accountant from February 2009, and was responsible for securitization, use of interest rates swaps to hedge interest rate risk exposures, secured lending taxation, consolidated financial reporting for secured lending nationally and risk matrix monitoring for consolidated divisions. It was there that he was head hunted by Thebe Investment Corporation (Pty) Ltd and became their Group Financial Accountant from October 2010 and he remained in that position until August 2014, working on consolidated reporting for Thebe capital’s investments and managing sinking funds, bank funding, investment appraisals, and financial analysis of investee companies. 

 

Edgar was appointed as the Financial Manager for IDF Capital in September 2014, and hence since grown to lead the Post Investments team.

Themba Ntini

Investments Manager

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Qualifications: Bachelor of Business Administration (Entrepreneurship) – Temple University (USA)

 

Themba Ntini is the investment manager at IDF Capital. He joined IDF Capital in 2011 and has been a lead transactor for six funds under management. Since 2011, Themba’s contribution to the total Portfolio includes executing more than 50 transactions in various sectors and provinces across South Africa.

 

His roles and responsibilities include deal sourcing, due diligence, structuring, and portfolio management. Prior to joining IDF Themba’s started his career at the Small Business Development Centre (SBDC) in Philadelphia USA in 2007, followed by Median Fund Managers in 2009. Themba brings to IDF Capital his passion, skill, investment discipline, and knowledge to source quality investments and further the success of IDF Capital’s portfolio.

Thando Sibanda

Senior Legal Advisor

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Qualifications: LLB (University of the Western Cape), LLM Tax Law Candidate (University of the Witwatersrand).

 

Thando is a versatile corporate and finance lawyer specialising in banking and finance, mergers and acquisitions and general corporate and commercial law. His experience extends to general finance transactions, secured and syndicated lending, preference share funding transactions, private equity and venture capital.

 

He started off his legal career at Bowmans, where he served his articles of clerkship. After completing his articles, he practiced as an Associate in the Banking and Finance and Corporate Departments, where he gained invaluable experience advising local and international clients on a wide variety of corporate and finance transactions.

 

In 2019, Thando joined IDF Capital as a Legal Advisor. He currently serves as a Senior Legal Advisor and is responsible for managing all legal related activities of the group, including conducting legal due diligence, deal structuring and implementing of funding transactions.

Mission

Our mission is to facilitate access to finance for high growth businesses through:

  • Providing responsive and innovative financial solutions that unlock the economic potential of the African continent.
  • Achieving high social and economic returns for investors by investing in entrepreneurial businesses that will yield high social and economic returns with sufficiently mitigated risk.
  • Harnessing the intrapreneurship culture of our employees with the aim of creating shared sustainable wealth.

Values

We are a performance-driven company, and adhere to these values:

  • Respect
  • Excellence
  • Diligence
  • Integrity