About Bopa Moruo

Bopa Moruo is a mid-market private equity and private capital firm that is focused on generating long-term capital appreciation by building great businesses. Our name Bopa Moruo speaks to the core of what we do as a business. Bopa Moruo is a seSotho phrase meaning ~ Bopa (verb.) – build, shape, mould, create and Moruo (noun.) – wealth, capital, economy. We’re in the business of building capital and shaping the economic landscape through the investments we make.


Bopa Moruo is a 100% black-owned company founded by Mr Tumi Tlhabanelo and Mr Nthime Khoele, the co-founders and managing partners, who share extensive experience in professional investment execution and investment management gained at market leading South African and international private equity firms.


Bopa Moruo has raised R300 million for Bopa Moruo Private Equity Fund I, a Black Empowered private equity fund, sponsored by RMB Ventures, a subsidiary of FirstRand Limited. The Fund is a general equity fund with a mandate to make minority or control investments across various sectors excluding direct mining, property and primary agriculture. The Fund is classified as a black investor under the B-BBEE Codes of Good Practice and is thus able to make fully funded and appropriately structured BEE investments.


At the core of Bopa Moruo’s investment approach is a strong emphasis on fundamental value-oriented investment principles, applied with private equity investment management disciplines, to find, build and grow great businesses.


Bopa Moruo is led by Mr Tumi Tlhabanelo and Mr Nthime Khoele, the co-founders, principals and sole shareholders. The principals possess, individually, a track record of successful private equity investment management, which has spanned the following areas: consumer and business services, consumer products, basic manufacturing, telecommunications infrastructure, pharmaceutical manufacturing, healthcare services, financial services, automotive components, floriculture, security services, aviation, food manufacturing and marketing.


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