About Us


About Ikoni Capital

To build a leading African Black-controlled Diversified Investment Company with investments in ICT, Energy, Media, & Agricultural Services that rewards our partners and our colleagues whilst inspiring our community, our country and Africa.


Founded in 2017, Ikoni Capital is a wholly black-owned South African investment company whose footprint covers the whole of South Africa with the goal of reaching the rest of Africa.

Ikoni is a Tshivenda word meaning a spring or fountain where royalty drink. True to it’s name we intent to be a fountain where businesses and entrepreneurship will spring forth and flourish to address South Africa and Africa's growth.

The company was founded by Phumudzo Makhado who has a vast knowledge in strategic investment. Our investment focus is on Media, ICT, Agricultural Services & Products and Energy.

Ikoni Capital is an investment company whose primary focus is investing primarily in unlisted assets, working with management teams to create market leading businesses and ultimately realising and delivering value to its shareholders. Ikoni Capital believes that it has a competitive advantage through the strength of its network providing access to proprietary deal flow, coupled with a management and investment team with demonstrable track record in building value in businesses and generating exceptional shareholder return.



Phumudzo Makhado


Phumudzo studied Law at Wits University coupled with a B2B Marketing course from IBM and an MCSE from CTU College. He has been instrumental in helping various start-up companies after taking a position as Business Development Manager at Makhado Makhado Investments, a company founded by the late Sheiks Makhado, a doyen of Black Economic Empowerment who became a mentor. Phumudzo has been MD of v.net, a technology company, Vuwa Communications and managed various other successful and failed ventures. He founded Ikoni Capital in 2017.

"Great things Never Came from Comfort Zones"