Former Telkom CEO Leads Afrifund's Multimillion-Rand Private Equity Buyout of Financial Services Firm
PE BuyoutM&A

Former Telkom CEO Leads Afrifund's Multimillion-Rand Private Equity Buyout of Financial Services Firm

•Apr 19, 2026

Participants

Afrifund

Afrifund

acquirer

Deal Summary

Sipho Maseko, former Telkom Group CEO, is heading a private equity buyout of a major financial services company through his investment firm Afrifund. The multimillion-rand deal was announced on April 19, 2026, marking a significant entry into the financial services sector.

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