Itumeleng Kgaboesele


BCom Accounting and Finance, Post-grad Diploma in Accounting, CA (SA)

Apart from providing strategic direction at Sphere Holdings, Itumeleng serves as an independent Non-Executive Director on the Board of Old Mutual Limited, as well as the boards of several other companies in which Sphere Holdings has invested. This includes: Babcock Ntuthuko Engineering, Babcock Plant Services, BBD, Pandrol SA, Honeywell Automation and Control Solutions, and Maskew Miller Learning South Africa. From 2011 to 2018, he also served on the Board of Telkom.

Prior to founding Sphere Holdings, Itumeleng gained unparalleled depth and breadth of experience in investment banking through serving as Vice-President of the Citigroup’s investment banking division between Johannesburg and London, and holding senior executive positions at the likes of Merrill Lynch and Deutsche Bank. He also advised the South African Government and numerous blue-chip local and international companies on mergers and acquisitions and capital raising projects.

A firm believer that education is a powerful change agent for a better future, Itumeleng aims to be actively involved in initiatives that uplift our youth. Currently, he serves as Chairman of the Board of Trustees of the Student Sponsorship Programme, an NGO that provides learners from low-income households with mentorship and funding to attend some of the best high schools in South Africa.  

Strong partnerships are a strategic imperative for us at Sphere Holdings. This not only becomes evident in our relationships with our existing portfolio companies, but also in our constant pursuit of new, synergetic, symbiotic partnerships.