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May 29, 2021

Elenjical Solutions strengthens board as part of growth and diversity drive

The appointment of three new senior advisors to the IT services consultancy’s board of directors will support the South African company’s ambitious growth and inclusion programs.

Leading Johannesburg-based financial IT services consultancy Elenjical Solutions has announced the appointment of three senior advisors to its board. Effective immediately,the new directors are Hangwi Muambadzi (independent director), Kabelo Sekele (non-executive director) and Thabiso Ramosolo (executive director). All three are South African nationals.

Thabiso Ramosolo has been promoted to board level from his previous role as Head of Murex at Elenjical Solutions, a position he has held since 2017, while the other two positions are external appointments.

Hangwi Muambadzi holds an MBA from the University of Oxford in the UK, and a BBusSci. in Finance, Economics and Statistics from theUniversity of Cape Town. Since 2019 she has been Head of Partnerships (New Business Ventures) for all African markets excluding South Africa at Absa, a South African-based financial services group. Prior to that Muambadzi spent two years as Vice President of Digital Strategy and Innovation at Barclays Africa Group, a bank, and was a corporate finance and M&A analyst in the investment banking division of Deutsche Bank. In addition, Muambadzi is an ambassador for South Africa on the One Young World youth leadership movement and recently became an investment portfolio advisor within Launch Africa, a Pan-African focused seed venture capital fund.

Kabelo Sekele holds a BA in International relations and Political Science from the University of Pretoria, as well as a qualification in Cyber Security from the University of Cape Town. He is currently Managing Partner of Blackstone Partners, a Johannesburg based tech-focused advisory and strategy consulting company. Sekele is also head of business development at Phakamo Tech, a 100% black and youth owned tech risk, cloud enablement and cyber security consultancy. Sekele also serves on the board of Directors of Finplus SA a Subsidiary of the Finplus Group, which creates ‘fintech’ software for easy management of digital finance operations at scale.

An African success story

“We are a proudly African company with big ambitions,” says Elenjical Solutions Managing Director Tinu Elenjical. “These appointments are part of our long-term growth plan to extend our activities across the continent. We are going to achieve this with the best of local talent and build a more diverse and inclusive company. I know that Hangwi, Kabelo and Thabiso all buy into our vision and want to be part of a home-grown success story. Their experience, contacts and insight as board members will help Elenjical Solutions unlock the massive potential that Africa offers in our area of expertise. I congratulate and welcome all three of my fellow directors to the board.”

Comments from the new directors

“I am incredibly honoured to be joining such a remarkable company and outstanding team,” said Hangwi Muambadzi. “It has always been imperative for African companies to be at the forefront of embracing African opportunities, and Elenjical Solutions is already setting an impressive record in doing just that. I am excited to be able to contribute to this next chapter of growth.”

“Elenjical Solutions seeks to meaningfully contribute to the participation, recognition, contribution and ascension of Africa’s role in the global capital markets systems and technology landscape,” said Kabelo Sekele. “In so doing it is helping position Africa, and specifically South Africa, as the emerging center of excellence in Financial IT services.”

“I am dedicated to serving and it brings me great joy to see how fast we have grown,” said Thabiso Ramosolo. “When I joined Elenjical Solutions, we were a team of just over 10 people. As we grow further, we will continue to nurture talent while we work in a fun and ever-changing environment.”