Our Team

We are passionate and committed to making a difference. Our team at E Squared brings a range of experiences to achieving our goal of growing businesses and creating employment.

Llewellyn Fredericks

Investment Principal

Llewellyn Fredericks joined in 2008 and is E Squared’s longest serving employee. He is responsible for new investments as well as portfolio management.

Llewellyn is a qualified chartered accountant. He completed articles at Ernst & Young in Cape Town after obtaining a B.BusSci and PGDA at the University of Cape Town. He also holds a MComm in Financial Management from the University of Cape Town. Llewellyn has a great deal of experience in assisting entrepreneurs through the start-up, investment and growth phases of their businesses.

Muhammed Hajat

Associate Investment Officer

Muhammed joined E Squared in 2018. He is responsible for investment activities and assisting in portfolio management. As part of his role, Muhammed partners with entrepreneurs from pre-investment advisory through the full investment process and provides value creation support to portfolio companies.

Muhammed has over five years of experience in the financial services sector across Africa, having worked as a strategy consultant specialising in transaction advisory services for venture capital and private equity funds. He also spent two years working in the Investment Banking and Capital Markets with one of the largest Investment Banking Groups in South Africa. Muhammed obtained his MCom (Economic Science) from the University of the Witwatersrand and also holds a BEconSci Hons (Economics) and a BSc (Mathematics and Economics) from the same institution. He is passionate about supporting entrepreneurs to create value and develop high impact businesses that seek to address meaningful problems.

Siphelele Ndlovu

Associate Investment Officer

Siphelele Ndlovu joined E Squared’s Investment Team in 2019 and is responsible for investment activities and portfolio management.

Siphelele is a BCom Finance and Economics graduate from the University of KwaZulu Natal and also holds a Post-Graduate Diploma in Project Management from the Management College of Southern Africa. He is passionate about enterprise development and empowerment and has over 10 years’ experience in deal-making, development finance, supplier development banking, business coaching, and mentorship.

Cheryl Jacob

Head of Social Entrepreneurship

Cheryl Jacob joined E Squared in 2019 and serves as the Head of Social Entrepreneurship. She is responsible for social impact investments in Public Benefit Organisations.

She has over 15 years’ experience in International Development working with civil society organisations across the global south. Cheryl is a Certified leadership coach and trainer with the John Maxwell Team and has spent the past 5 years as a consultant, providing coaching, training, and capacity building initiatives for the Global Fund, Obama Foundation and Government amongst others. Cheryl brings her experience, passion, and energy to commit to E Squared’s vision to support social enterprises to build and scale social impact in South Africa.

Lucretia Chopera

Senior Investments Associate

Lucretia serves as Investment Principal at E Squared. She is responsible for deal origination and portfolio management.

Lucretia brings to E Squared more than 18 years experience working in the financial services sector. She spent the last 10 years working for a USAID Development Fund focused on SME investments in South Africa and the SADC region. Lucretia studied for her MBA at the University of Witwatersrand and has an Advanced Diploma in Banking and Finance from the University of South Africa. She also holds a BSC Honors Economics Degree from the University of Zimbabwe.

Lucretia is passionate about impact investing. She has extensive experience structuring hybrid transactions aimed at promoting high impact businesses that bring about social and environmental change, alongside financial returns to investors.

Debra Thornton-Smith

Office Manager

Debra is responsible for providing administrative support to the E Squared Team and is the glue holding it all together.

Hailing from KZN, Debra has over a decade of experience as an Executive Personal Assistant and Office Manager in Telecommunications and Private Equity. Debra has a diploma from the Institute of Marketing Management (IMM). Debra is passionate about supporting the E Squared team in achieving their goals, dreams and vision.

Ofentse Mkhandawiri

Associate Financial Officer

Ofentse is the Associate Financial Officer of E Squared. Ofentse joined in 2016 and is responsible for developing and executing finance and accounting processes. The role includes the development and execution of finance, governance and treasury functions along with portfolio valuations. He was instrumental in developing the various processes within these functions for operationalisation and scale in anticipation of the organisation’s growth.

Ofentse is a qualified Chartered Accountant (SA) and completed his articles in Assurance: Energy, Utilities and Mining, at PricewaterhouseCoopers. Ofentse obtained his BAccSci and HDipAcc from the University of the Witwatersrand and is a member of the Golden Key Honour Society. Ofentse believes that his role at E Squared will contribute to breaking the cycle of poverty. Within his own family he sees the impact on those where the cycle has been broken through new generations having received education and employment opportunities; give the chance at improved lives, but in other parts of his family, the cycle continues unabated due to limited opportunity - this pains him a great deal.

Lerato Tabane

Accountant Analyst

Lerato joined E Squared in March 2019 and is responsible for the execution of finance and accounting processes. Lerato has more than five years’ experience in the financial services sector, having worked previously as a Private Banking Specialist for 3 years at Investec, specialising in high-income earners and businesses. Lerato completed her articles at Papilsky Hurwitz Chartered Accountants in Johannesburg after obtaining her BAcc degree from the Midrand Graduate Institute and a HDipAcc post-graduate qualification from the University of South Africa. Lerato is passionate about the opportunity she has, through E Squared, to impact the lives of our youth, by supporting them through entrepreneurship.

Audrey Makumula

Programmes Co-Ordinator

Audrey is responsible for coordinating various projects and events and providing support to the Programmes Associate in rolling out and communicating planned E Squared initiatives.

Qualified in Public Relations, Audrey has for more than ten years, worked in stakeholder relationship management, event management, publicity, and income generation primarily for NGOs and organisations with a social impact mandate.

Audrey is a creative communicator and networker. She is passionate about entrepreneur development and has worked in Enterprise Development for a number of years with particular enthusiasm for helping small businesses define their identity, find their essence, develop their unique selling proposition and implement marketing activities that are consistent with their values.

Sipho Pilime

Associate Programmes Officer

Sipho is the Associate Programmes Officer at E Squared. He is responsible for Fellow entrepreneur development and accelerator programmes.

Sipho is a business mentor, coach and banker with more than 17 years of banking experience, having assisted both small and large businesses across a range of industries, in realising their growth and development aspirations. He has worked in financial and advisory capacities with the Standard Bank Group, Metropolitan Bank (Zimbabwe) and Nedbank Limited. He spent six years in the design and management of entrepreneur development and accelerator programmes for SAICA ED and has also been an entrepreneur himself prior to joining the E Squared team.

He’s passionate about the role that intentional and tailored early stage support for entrepreneurs can play in eradicating poverty in South Africa.

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