Unipalm has a very prominent and experienced Board of Directors. Our Board members include;

    Basetsana Kumalo

    Basetsana Kumalo

    Basetsana Kumalo (nee Makgalemele) is a founder member of Unipalm and was one of the principal drivers in securing the broad-base stature of the company. Born in Soweto she gained prominence when crowned the first Black Miss South Africa, after which she became the first runner-up in the Miss World Pageant.

    Basetsana, through her successful efforts in business and her involvement in social projects, has been nominated for various achievement awards and occupies Board positions on a number of highly respected companies and organizations. Basetsana's commitment to Unipalm is demonstrated by her efforts to constantly seek ways in which she can assist management in the growth of the company.

    Barney Tsita

    Barney Tsita

    Barney Tsita was the Chairman of Aurecon RSA and a member of the Aurecon Africa Ownership Trust Board. He was previously the Chairman of Ninham Shand Consulting Engineers (Pty) Ltd. Barney was formerly an executive director - development services of the FABCOS Group, and the executive director of Shikisha Tyre and Rubber Company, a black entity established in partnership with Goodyear SA.  He has been involved in the development of small and medium size enterprise sector for a period spanning more than twenty years. From 1984 to 1996 he was as a senior business consultant at the Centre for Developing Business at the Wits Business School.

    He is currently a non-executive director of Unipalm Investment Holdings and chairs its Audit Committee, he also participates actively on its Social and Ethics committee. Barney's other appointments includes being on the board of South African Post Office Limited between 2004 and 2006, where he chaired the Risk Management Committee as well as being a member of the Audit Committee. He also served on board of Pangbourne Properties Ltd, a JSE listed loan stock company, where he chaired the Transformation Committee as well as being a member of the Audit and Risk Management Committee.

    Richard Williams

    Richard Williams

    Richard Williams is a founder member and Director of Unipalm Investment Holdings. He holds a number of Directorships in companies, including BL Williams Construction (Managing Director). Richard completed his articles at Ernst & Young in 1992 and his Bachelor of Accounting Science Honours degree through UNISA, after which he went on to pursue a career in the family construction business.

    Richard serves as a permanent invitee on Unipalm's Audit and Investment Committees. As Financial Director, Richard is ultimately responsible for ensuring that the financial reporting to Board and all stakeholders is accurate and well presented. Richard attention to detail and dedication to the disciplines of accounting and auditing has ensured that our audits are always completed without qualification. Richard has developed stringent accounting procedures based upon transparency and consistency. His procedures and desire to clearly and accurately reflect the position of the Company in its financials have ensured extremely high standards with each responsible person understanding deadlines and the need to authenticate all financial information.

    Peter Hendricks

    Peter Hendricks

    Peter Hendricks is a successful businessman who has been involved in the retail industry since 1980, managing the family's business interests in the supermarket, fuel, hotel and entertainment industries. He is now actively involved in property development initiatives and opportunities.

    Peter is one of the founder members of Unipalm and participates actively on Unipalm's Remuneration and Social and Ethics committees.

    Peter continues to make himself available to assist the company on various initiatives. He has assisted in evaluating specific investment opportunities and has, where necessary assisted on secretarial issues linked specifically to the initial formation of the capital structure of the company. Peter's valuable insight into the business sector provides an additional expertise when evaluating opportunities where specific retail sector experience is required.

    Peter maintains contact with management through a bi-monthly meeting with the Executives of the company.

    Thandi Ramathesele

    Thandi Ramathesele

    Thandi Ramathesele obtained her BA in Communication at the University of Fort Hare in 1984. She went on to complete further courses in Media and Communications. Her work experience includes past Chair and current Board member of Newtown Film and Television School and various Executive positions in the SABC. She currently provides consultancy services to companies wishing to fully exploit the advantages of multi-media broadcasting and advertising.

    Thandi is Chair of the Board of Unipalm and participates on the company's Remuneration Committee. Although a non-executive member of the Board, Thandi has played a valuable role in steering the Board through Unipalm's growth phase. Thandi has availed herself at all times to assist management with specific investments and currently also represents Unipalm on the Board of Afripalm Resources Pty Ltd.

    During Thandi's tenure as Chairperson, the following committees have been formed to ensure stringent corporate governance;

    • Finance Committee: meetings are held every two weeks and the committee consists of all management and the Financial Director (R Williams). The finance committee oversees daily expenses and monitors the financial accounting responsibilities of management;
    • Audit Committee: the audit committee oversees the auditing process and in effect considers the company policies and procedures with regards to the financial accounting responsibilities of the Board. The Audit Committee also comprises of the Financial Director (R Williams), Mr B Tsita (independent director), and Mr V Christian (independent non board member).
    • Remuneration Committee: this committee was formed to oversee and approved remuneration for all staff and directors. The committee comprises of Ms T Ramathsele, Mr S Young and Mr P Hendricks. All the directors are non-executives.

    Salim Young

    Salim Young

    Salim Young is an experienced Corporate Lawyer and is a former Director of Webber Wentzel (formerly Mallinicks Inc.) Salim recently retired after a very successful 12years as an Executive Director on the Board of British American Tobacco SA, situated in Stellenbosch Cape Town. During this time Salim also served as the South African representative of BAT Plc whose secondary listing  on the JSE ranks as the largest company by market capitalisation. Salim maintains Board positions in a number of other companies and significant Trusts.Salim holds a post graduate Masters Degree (LLM) in International Commercial Law from Tulane University in the United States.

    Salim is a founder member of Unipalm. He chairs Unipalm's remuneration committee and is an active participant on the Company's investment and audit committees.

    Ragavan Moonsamy

    Ragavan Moonsamy

    Ragi Moonsamy is the current Managing Director of Unipalm. He has extensive business experience and his strong discipline has made him one of South Africa's most dynamic business leaders and also one of our country's most successful "rags-to-riches" stories. He has a significant track record of twenty years of consistent success which is underpinned with a sound financial understanding of business models. Since 1994, he has played a leading role in various broad based empowerment initiatives, resulting in more than R5 billion worth of projects.

    Ragi is one of Unipalm's founder members and is the currently Managing Director of the company. Ragi's principal aim has always been growth in the asset base of the company. In this regard many investments (e.g. Growthpoint and Afripalm Resources) were facilitated and secured through his relationships with particular business entities and personalities.

    Ragi also oversees and manages the work program of all the executive directors, ensuring that Unipalm runs effectively and efficiently.

    Kevin Hosking

    Kevin Hosking

    Kevin Hosking is an Executive Director of Unipalm and holds a MCom degree from the University of the Western Cape. He also completed a Financial Analysis short course at the UCT Graduate School of Business, and had the opportunity to study at the University of Pennsylvania, the University of Cape Town and the University of Stellenbosch. Kevin has been involved with corporate deal structuring and formulating breakthrough marketing and branding strategies for the past 15 years.

    Kevin provides the administrative backbone for the company on all fronts and manages the current staff complement. All potential investment opportunities are initially analyzed by Kevin or depending upon the size of the opportunity, this is outsourced to a team of professionals managed by Kevin. The list above of potential investment opportunities undergo a battery of due diligences tests before being presented to the Board or the Investment committee. Whilst Kevin's responsibility lies in securing the backbone and structure of the company, he also assists in growing investments already secured by exploring restructuring opportunities and growing the client bases of the companies. Kevin reports to the audit committee and compiles all of the written reports required by the Board and its committees. The valuations performed for the audit are also done and managed by Kevin who works together with the Financial Manager and Director on ensuring the accuracy of the audit.