From fibre to clean tech: Khudu Pitje on New GX Capital’s next chapter

Loading player...
New GX Capital, one of the principal investors in Vumatel and Dark Fibre Africa parent CIVH, recently announced it was launching a R2.4-billion clean-tech investment fund in partnership with RMB Ventures.
To unpack the details of the new fund and why it’s being established, New GX Capital founder and CEO Khudusela Pitje joined TechCentral editor Duncan McLeod in the latest episode of the TechCentral Show for a wide-ranging conversation.
In the interview, Pitje chatted about the fund – called the Airnegize Capital Fund – and its plans to invest in renewable energy and water and gas infrastructure across Africa.
New GX Capital and RMB Ventures have described the fund as “one of the largest of its kind on the continent”.
The fund has secured R2.4-billion in initial commitments, with the companies targeting a further R1.6-billion before financial close in the coming months.
In this episode of the TechCentral Show, Pitje expands on:
• His career background and the formation of New GX Capital;
• The role his father, the late HM Pitje, a businessman and former mayor of Mamelodi, played in his life and career choices;
• His role in helping build Dark Fibre Africa and CIVH;
• Why he feels the decision by the competition authorities to block the acquisition by Vodacom of a 30% co-controlling stake in Maziv – a subsidiary of CIVH that houses Vumatel and DFA – was wrongheaded;
• The role New GX Capital plays today, as well as its investment philosophy;
• What led to the creation of the Airnegize Fund with RMB Ventures; and
• The role and future of black economic empowerment in South Africa.
Don’t miss a fascinating conversation!
25 Apr 5AM English South Africa Technology · Business

Other recent episodes

PayInc CEO Stephen Linnell on South Africa's payments revolution

South Africa’s payments ecosystem is evolving at a rapid pace. PayInc – previously BankservAfrica – sits at the core of the country’s payments infrastructure. As the builder and manager of the PayShap instant payment rails, PayInc is central to the Reserve Bank’s plans to drive digital inclusion through payment modernisation…
25 Sep 3AM 25 min

From lockdown idea to global player: The Invigilator bags $11-million funding

The Invigilator, the developer of a South African application that helps educational institutions monitor web-based assessments to prevent cheating, recenty secured US$11-million (R195-million) in funding to help it expand internationally. In this episode of the TechCentral Show, Nicolas Riemer, co-founder and CEO of The Invigilator, joins TechCentral’s Nkosinathi Ndlovu to…
23 Sep 3AM 35 min

Barney Harmse on building Paratus Group – and working with Starlink

Paratus Group executive chairman Barney Harmse joins the TechCentral Show to share the story of the telecommunications group’s rise from small beginnings in Angola and Namibia more than 20 years ago and how it became one of Southern Africa’s biggest ICT infrastructure players. Paratus started life in Angola in 2003,…
3 Sep 9AM 56 min

Maziv goes massive: CEO Dietlof Mare on Vumatel’s big roll-out plans

Maziv, the company that owns Vumatel and Dark Fibre Africa, plans to spend R12-billion over the next five years as its ramps its deployment of fibre infrastructure across South Africa. Poised for a big injection of cash and assets from Vodacom, which is buying a 30% co-controlling stake in the…
26 Aug 8AM 52 min

The story behind Nedbank’s R1.65-billion iKhokha deal

Nedbank announced last week that it was acquiring Durban-based fintech iKhokha in a R1.65-billion deal that could signal the start of further consolidation in the payments industry in South Africa. Nedbank described the deal as a “significant milestone” in its strategy to target small and medium enterprises. iKhokha co-founder and…
22 Aug 5AM 26 min