Our History and Reason For Being

Who We Are

Founded in 1992 as a pioneering black-owned company, Thebe Investment Corporation (Thebe) opened for business in July 1992 with an initial capital investment of only R100 000. Sole shareholder at the time was Batho Batho Trust, a community based trust which included Nelson Mandela (Chairman), Walter Sisulu and Reverend Beyers Naude as original Trustees and Dr Enos Mabuza as the first Chairman of Thebe.

Where we come from

To fully appreciate the essence of Thebe, we have to begin at its origins and foundation to identify some of its key birthmarks that, taken together with other foundation stones that were laid at its inception, tell us who Thebe is, its reason for being, how it came about and some of the principles accompanied by moral obligations that underlie the foundation and operations of Thebe, which continue to shape its identity and character. The origin of the word Thebe, is a Sotho word meaning ‘shield’- this positions Thebe as a force of protection and defense that filters through our work and reason for being.

Shield-transition3
Thebe is an African company that builds, grows and manages business for the benefit of our community. We create value by establishing, acquiring, growing and actively managing business for the benefit of our communities.

To fully understand Thebe’s reason for being, one must realise that Thebe is a socially embedded company. Through its origin, its purpose and its values which suffuse its practices, Thebe is driven by its commitment to socially embed wealth creation and to fuel and service the growth and development of Africa. Thebe does this as an independent company operating autonomously from any other institution, governed and guided in accordance with the objectives for which it was established by Batho Batho Trust. In line with the African idiom, “No matter how far a stream flows, it never forgets its source”, Thebe has remained anchored on its purpose. Whilst the shareholding of Thebe has changed over the years, the founding spirit with which the Thebe brand was imbued at birth has continued to define the character of the company.

Thebe’s Timeline of Historic Milestones

1992

1992

Capitalised with a R100,000 grant, Thebe opens for business in July 1992

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1993

1993

Commercial property development business Thebe Properties is established

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1994

1994

Thebe raises R500m to launch SA Express Airways (51% Thebe-owned) in a turnin

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1995

1995

Yaseen Bhayat joins Thebe as MD of Thebe Industrial Holdings Acquisition

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1996

1996

Acquisition of minority share in data communications company Swiftnet (Telko

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1997

1997

Kaya FM and Wholly owned subsidiary Tepco Petroleum was established Sale

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1998

1998

Batho Batho Trust dilutes shareholding from 100% to 74%, allowing Old Mutual

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1999

1999

FBC Fidelity Bank experiences a liquidity squeeze as part of South Africa’

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2000

2000

Establishment of Batsumi Airport Ventures in a JV with Cape Union Mart to se

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2001

2001

Thebe Hoskens renamed Thebe Risk & Benefits Group In March, the value o

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2002

2002

Acquisition of 25% interest in Shell South Africa Marketing (Tepco Petroleum

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2003

2003

Thebe Risk & Benefit Group is split to spawn three independent businesse

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2004

2004

Acquisition of 51% interest in Creditworx (which is quickly increased to 53.

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2005

2005

Acquisition of 51% interest in Unilever Quality Products Acquisition of t

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2006

2006

Acquisition of a 15% interest in Combined Motor Holdings for R294m Establis

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2007

2007

Acquisition of a further 48% from the minority shareholders in Thebe Securit

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2008

2008

Acquisition of further interest in FX Africa by Thebe Tourism Group (50.1% n

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2009

2009

Acquisition of 24,88% stake in Club Travel (51% now held, making Club Travel

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2010

2010

Acquisition of 20% interest in Altech Netstar in partnership with Identity P

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2011

2011

Thebe establishes a Power & Infrastructure division Thebe establishes

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2012

2012

Creation of a new divisional portfolio (Thebe Services), housing all customer

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2013

2013

Thebe acquires 70% interest in Reatile Timrite, a mining industry supplier

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2014

2014

  Thebe partnered with Mainstream Renewable Energy to bid for Window 3

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2015

2015

Thebe acquired an additional 49.9% shareholding in Cape Point from Murray Rob

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2016

2016

Thebe acquired 57% of Sekelo, an oil trading company mainly focusing on dome

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2017

2017

Thebe acquired a 51% equity stake in Botha Roodt, a fresh produce agency ope

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2018

2018

Thebe acquired 51% shareholding in Harvest Fresh Thebe acquired 50.1% in

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2019

2019

Thebe increased its shareholding in Compass SA by acquiring the remaining 59

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