2017 Annual Financial Statements Grovest Tech

Daniel brings a number of years’ experience within the technical and marketing space, and uses his knowledge and expertise to generate new and ground breaking deal flow, co-ordinate and execute all brand building and capital raising exercises, along with developing and nurturing Kalon’s extremely valuable relationships with shareholders and the media.

Daniel’s passion and creativity for marketing and people led Daniel to pivot by first organising events which led him to studying digital marketing and beginning a career in this multi-faceted industry. He continues to study a wide range of skills required to stay current in the fast paced digital world. Daniel’s current responsibilities include investor and public relations, as well as managing the brand and social media platforms.

Daniel is passionate about marketing, venture capital and the exciting world of disruptive tech.

Gil Sperling is the CEO of Flow, a proptech platform which is revolutionising how people rent and live. Sperling started his career as an engineer, and was one three founding partners of Popimedia, one of Africa’s biggest ad-tech and performance marketing companies. Popimedia went on to be bought by French based global communications group – Publicis. Through his experience and expertise within the tech industry, Sperling, together with the co-founders of Flow, are revolutionising the economics of rent with a shared value approach, bringing in behavioral economics to make the entire renting process more affordable, more transparent and more seamless.

Through his journey of entrepreneurship and scaling a company to exit, Gil invests, consults and mentors several technology companies, while also sitting on the board and investment committee of Kalon Venture Partners.

Sean graduated from the University of the Witwatersrand with a B.Com Honours majoring in Corporate Finance & Investments covering a vast array of financial theories and applications.

Sean has since gained experience within the Insurance industry, then moving into the venture capital space where he is instrumental as an investment analyst at Kalon Venture Partners. Sean’s primary responsibilities in Kalon include: Preparations of Investment Memos and Due diligence reports for potential investee companies; Review of Kalon’s Pipeline; financial modelling, reviews, updates and analysis of the portfolio companies.

Romeo is currently the CEO and Co-Founder of LLH Capital. He was previously the CEO of Vodacom/Vodafone International, responsible for all the African markets. In 2007, he was appointed to the board of Vodacom South Africa as Executive Commercial Director and was a member of the Vodacom Executive Committee until 2015. He served as non-executive director of Vodacom Tanzania, Lesotho, Mozambique, DR Congo and other Vodacom group of companies.

An accomplished leader and commercial strategist, with over 20 years’ experience in Information, Communication and Telecoms industries, a proven track record of building teams, creating value and turning around underperforming businesses, Romeo serves on various private company boards and holds a Master Degree in Commerce and executive management certificates from WITS, INSEAD, and HARVARD Business School.

Leron has over 20 years of experience as a technology specialist, and a wealth of experience in launching and growing companies. Leron completed his BCOM degree at the University of South Africa.

He started his career developing websites, managing and supporting networks and learning the ins and outs of all things technology related. Consequently, Leron’s entrepreneurial flair led him to found and run a multitude of companies in the fast-moving consumer goods space, garnering experience in sales and distribution, marketing and branding and overall operational expertise in running a multi-million-rand business. During his tenure of 9 years at the helm of the business, Leron negotiated with major multi-national brands and oversaw a turnover of a billion rand.

Leron is incredibly passionate about the new world of disruptive innovation and is excited about identifying and growing entrepreneurs in the venture capital tech space.

Fatima Habib, has a strong academic pedigree, and holds a Master’s Degree in Economics, Industrial and Labour Studies, HR and OD from the University of Natal (Now UKZN,) an Honours Degree in Applied Psychology (Wits) and an undergraduate degree in Social Sciences (University of Natal). Fatima successfully began her career with Deloitte and Touche, progressing to very senior positions in both corporate SA and the SA government. A seasoned executive, with over 20 years’ experience that spanned various environments from telecommunications, to a Wall Street firm in New York, and then private banking; following a career move to contributing to the public sector. Fatima has held a number of executive positions during her diverse career, including, inter alia, being the Executive Director: Corporate Services at the City of Cape Town, Executive: Corporate Services at the JDA, Regional HR executive at Telkom, GM of Absa Private Bank, Chief of Shared Services at SITA, Assistant GM at Smarte Carte.

Fatima has been appointed by the Minister of Basic Education, to Chair the ICT Advisory Committee to the Minister of Basic Education (DBE) and the Director- General of the DBE. She has previously served on the Board of SEDA, having been appointed by the Minister of Trade and Industry and currently serves on the boards of a number of companies where she sits on various board committees as well chairing these like them. In addition to being on the boards of companies, she also serves on boards of NPOs like The Bag Factory and The Gauteng Cricket Board.

An astute businessman, qualified Chartered Financial Analyst, entrepreneur and investor, Gil is group co-CEO of The Creative Counsel (TCC) which he co-founded with Ran Neu-Ner in 2001. The company was acquired by Publicis Groupe, a leading global marketing, communication, and business transformation company in the largest deal in advertising history in South Africa and the African continent. Through television, Gil has been able to share his entrepreneurship lessons with a wider audience. He is currently on M-Net’s Shark Tank South Africa and was also one of the Dragons on Dragons Den South Africa, which premiered in the last quarter of 2014. Together with the four dragons from the Dragons’ Den South African, Gil has co-authored I’M IN, a book to inspire entrepreneurs through their collective lessons learnt in business.

Gil has won many awards, the most recent being the EY Southern Africa World Entrepreneur Award for 2016 in the Exceptional category. He is also the Johannesburg chapter chair for the Young Presidents Organisation as well as the Africa Regional Forum Officer.

Nic completed a commerce degree majoring in finance at Bond University after which he gained international experience working abroad in the United Kingdom.

Nic established a wealth management company, which was acquired by Sasfin Bank Limited where he continued to work for 4 years, after which he left to set up Caleo Capital.

Nic has been in finance for over 15 years and is currently the co-founder and joint- CEO of Caleo Capital, an asset management company whose expertise span private equity, wealth management, financial advisory, property and venture capital. Caleo also manages a private equity portfolio of investments in the renowned Maboneng Precinct in central Johannesburg.

Arnold was the Group Chief Executive of Fedsure Financial Services Group from 1988 – 2001, during which time its asset base grew by 25% pa compound to R40b and its share price appreciated by approximately 20% pa compounded. Since then he has been a strategic business consultant, focusing on strategy and business development, mergers and acquisitions, and related activities, in a diverse range of industries. Arnold obtained a B. Sc (Mathematics; Math Stats) from the University of Witwatersrand, is a qualified actuary and a certified financial planner.

His awards include: Insurance Man of the Year, IMM Marketing Man of the Year, Jewish Business Achiever of the Year and Lifetime Achiever, and the World Presidents Organisation’s International Best of the Best Regional Chair.

Clive is the former Chief Operating Officer (COO) of Accenture South Africa, and has 28 years management consulting experience. During his tenure at Accenture (formerly Arthur Anderson and Anderson Consulting), he played numerous leadership roles including managing director of Accenture South Africa’s Technology business as well as managing director of Accenture’s Resources and Utilities businesses. In addition to his COO role, during the last 6 years, he led sales for Accenture’s Technology business, cultivating an entrepreneurial mind-set, which helped grow Accenture into one of the top emerging market companies.

Clive has developed deep technology skills from working across multiple industries including Financial Services, Resources, Retail, Automotive and Communications. He has leveraged these technology and business transformation skills and helped drive significant shareholder value for many South African clients. Since January 2013, he has supported and mentored many technology businesses, assisting them in driving growth. Clive sits on the boards of numerous IT companies.

Clive joined Arthur Anderson in 1985 (now Accenture) after graduating from the University of the Witwatersrand with a B.Sc. degree in Computer Science and Applied Mathematics. Clive joined Grovest, section 12J venture capital company in 2012, as a non- executive director.

In 2016, Clive formed a new venture capital company, Kalon Venture Partners, focusing on investing in digital disruptive technologies.

After qualifying as a Chartered Accountant from the University of Witwatersrand in 1972, Malcolm practiced as a partner of Grant Thornton (Chartered Accountant and Business Advisers) and was elected managing partner of the Johannesburg office in 1986 and National Executive Chairman in 1989. Malcolm resigned from Grant Thornton in 1997 to establish a private equity investment fund, which he managed until acquired by Sasfin Holdings Limited in 2005. In February 2012, Malcolm resigned from the boards of both Sasfin Holdings Limited and Sasfin Bank Limited to enable him to pursue his passion – entrepreneurship and entrepreneurial investment activities.

Malcolm currently sits on the boards of various companies in which he holds private equity investments and inter alia is also an External Member of the Special Credit Committee of the Industrial Development Corporation of South Africa Limited and a member of the Listings Advisory Committee of AltX (Alternate Exchange of the Johannesburg Securities Exchange). Malcolm is also the Chairman of VCMS.