• 1998 Umbono started providing corporate finance services to global mining and energy clients based in South Africa
  • 2000 Established key broad based social-impact trusts owning 23% of Umbono, resulting in a 53% broad-based local ownership structure in South Africa
  • 2000 Asset management joint venture with Old Mutual grew to >$5bn in assets under management, and Umbono exited its controlling position in 2007 when Old Mutual increased its stake to 67% of Dibanisa Fund Managers
  • 2004 Launched principal investment Fund #1 with $2m of starting capital, which grew to $150m portfolio by January 2010. First investments made in Canada in 2004 (nickel JV with Sumitomo) and South Africa in 2005 (platinum resource 25m ounce)
  • 2010 Launch of Umbono Global Resources Hedge fund investing in listed natural resources securities and commodities