Directors
Mcebisi Jonas
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Mcebisi Jonas is the Executive Chairman of Ntiso Investment Holdings, a private investment holding company he founded in 2019 with current investments in energy, logistics and financial services. He also serves as Chairperson of the Board of MTN Group and a Non-Executive Director on the board of various companies including, Northam Platinum Holdings, The Nimble Group and Harambee. Until recently he served as a Presidential Economic Envoy, appointed by President Cyril Ramaphosa to support the government in its efforts to attract USD100-billion in direct investment into South Africa.
Jonas served as Deputy Minister of Finance and a Member of Parliament for South Africa from 2014 to 2017. During this time he helped steer South Africa’s economy through what was considered one of the country’s most difficult post-democratic periods. He also served as Chairperson and Non-Executive Director of the Public Investment Corporation, the state-owned pension fund manager and one of Africa’s largest investment managers with over R2 trillion under management.
Before his appointment to national government, Jonas played a key political leadership role in the Eastern Cape where he served in several key provincial ministerial positions, including Finance, Economic Affairs and Tourism. Jonas’ activism defined his political career where he led several political activities in South Africa and exile during the anti-apartheid era. More recently, he played a seminal role in civic activism against state capture and corruption.
Vuslat Bayoglu
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Vuslat Bayoglu is the Co-Founder and Managing Director of Menar, a South African mining company with an actively managed and growing portfolio of diversified minerals. The company has controlling stakes in Canyon Coal, Zululand Anthracite Colliery (ZAC), Kangra and East Manganese. Its operational footprint spans across KwaZulu Natal, Gauteng, Mpumalanga, and the Northern Cape.
Bayoglu holds an honours degree in Mechanical Engineering and has over 20 years of experience in the mining industry. With a keen eye for value-creation opportunities, Bayoglu was able to lead Menar’s subsidiaries from junior to mid-tier status through organic growth and acquisitions. He has played an integral role in the development of multiple mines including Hakhano, Singani, Khanye, East Manganese, Phalanndwa and Gugulethu Colliery. Bayoglu also led the expansion of Kangra Colliery through the Kusipongo reserve, which has extended the mine’s life by more than 20 years. The Zululand Anthracite Colliery operations also advanced through the development of two shafts including Mngeni and MayeB, following the mine’s acquisition by Menar.
Bayoglu is a hands-on investor with a keen interest in bettering the South African economy. He is actively involved in seeking solutions to key issues faced by South Africa. Bayoglu also serves on the board of the Richards Bay Coal Terminal (RBCT) and recently became a director sitting on the board of Future Coal. An optimist on South Africa's investment outlook, Bayoglu regularly participates in conferences where he advocates for why companies should invest in South Africa.