Lereko was established in 2004 as a black-owned and black-managed investment company. The founding partners, the late Eric Molobi, Valli Moosa and Dr Popo Molefe had a vision of becoming effectively involved in broad-based empowerment in South African business. Shortly after its inception, Dr Lulu Gwagwa joined Lereko as a Chief Operating Officer and later Cedrick Mampuru was appointed Financial Director. Cedrick has since been promoted to the position of Chief Executive Officer.

Moosa, Molefe and Gwagwa have a wealth of experience in public and private sector companies. Together they bring keen leadership and relevant experience to Lereko. They have an entrepreneurial spirit and are set on the goal to establish Lereko as a company of the future, focusing on long-term business partnerships.

In a decade, the company built a portfolio of investments in diverse sectors such as gaming and leisure, logistics, property development, pulp and paper, waste management, renewable energy and private equity. The investments facilitate structured participation for broad- based partners that incorporate community trusts, public benefit organisations and women’s groups. Lereko is a 100% black-owned company. Black women shareholding in Lereko currently stands at 30%.