IDF Capital acquires youth-led management consultancy

Brillianaire uses market-demand data to design economic development solutions

JOHANNESBURG, 09 February 2021 — In a move expected to strengthen its enterprise and supplier development offerings across industry sectors, IDF Capital through one of its subsidiaries, IDF Value Added Services (VAS) has acquired a South African youth-led management consultancy Brillianaire Consulting, with effect immediate effect.

Founded in 2017 by entrepreneur Octavius Phukubye, Brillianaire specialised in early-stage technology investment advisory and entrepreneurship development project management. Brillianaire has worked with clients such as Old Mutual (via Systemic Logic), ABInBev (via Made With Rural), University of Cape Town Graduate School of Business,
Allan Gray Orbis Foundation and SAGE.

Following this acquisition, IDF VAS will drive its objective to be one of the leading project managers in value adding and business development services that deliver sustainable and transformative value chains. The business will be looking to collaborate with institutional clients who are deploying impact investments geared towards achieving
economic development and inclusion within the communities they operate.

“What made Brillianaire a compelling value proposition is its established professional knowledge, enterprise and supplier development expertise, and ability in implementing economic development projects. Driven by a passionate founder, Brillianaire was a suitable fit for IDF Capital,” says Dineo Skwambane, the Group MD and CIO of IDF Capital.

Octavius Phukubye says the boutique consultancy’s growth seen during 2019 and throughout 2020 was a clear validation that its approach of leveraging the intersection of finance and development to conceptualise innovative solutions is attractive to the market.

When I returned from USA in 2019 on a Fulbright-Humphrey scholarship, I sought out to rebuild and grow an advisory capability that solved the problem of lack of investment ready small businesses or startups through carefully designed value creating interventions” says the founder.

Octavius will then head up the subsidiary as the Managing Director, reporting to the Group MD and CIO, Dineo Skwambane.

About IDF Capital:

IDF Capital is a specialist entrepreneurial financing institution with over R1,5 billion assets under management. We have been managing and administering funds for various corporate and institutional clients since 2008. IDF Capital is a level 1 BBBEE contributor that is 100%Black-owned and more than 80% Black women-owned. IDF Capital holds an NCR license, categories 1 and 2 FSCA licenses, and is a member of the Southern Africa Venture Capital and Private Equity Association and The Association
of Black Securities and Investment Professionals. We also have fund administration and back-office services offering, that leverages on its 13 years of institutional knowledge, experience, infrastructure, skills, and technology. Polo Leteka is the Founder and Chairman of IDF Capital. | Twitter: @IDF_Capital | LinkedIn: IDF CAPITAL | Telephone: 011 772 7945

IDF Capital Group Strategy
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