Andile Ngcaba on his go-global investment plans

Loading player...
It’s been just over 20 years since Andile Ngcaba quit his government job – he was director-general of communications – and became an investor in the technology sector.
Now, in an interview with Duncan McLeod on the TechCentral Show (TCS), Ngcaba looks back at the past two decades, the formation of Convergence Partners, the investments the business has made and why, and its focus areas.
Ngcaba, who splits his time between Africa and Silicon Valley – where he has a home – unpacks the recent announcement that Convergence Partners Investments is rebranding as Solcon Capital and has appointed a new CEO, Pramod Venkatesh, and why its focus has been broadened beyond Africa to both developing and developed markets.
“Under this new brand, Solcon will focus on international deep tech investments in generative AI and large language models, synthetic data and big data, cybersecurity, and quantum computing across South Africa, India and Southeast Asia, leveraging scale through platform economics,” Solcon said in a statement last week.
Also in this TCS interview, Ngcaba talks about:
• What he has learnt from his time in Silicon Valley, and why it’s not easy to replicate the Valley model in other parts of the model. “It’s more a state of mind,” Ngcaba tells TechCentral.
• What he set out to achieve when he started Convergence Partners.
• The highlights of the investments the company has made over the years.
• What excites him the technology space today, and why.
The original Convergence Partners pitch presentation to investor Nedbank, which Ngcaba talks about in the opening minutes of the interview, is available to download on TechCentral's website.
Don’t miss a wide-ranging and fascinating discussion!
23 Jun 2023 1AM English South Africa Technology · Business

Other recent episodes

Barney Harmse on building Paratus Group – and working with Starlink

Paratus Group executive chairman Barney Harmse joins the TechCentral Show to share the story of the telecommunications group’s rise from small beginnings in Angola and Namibia more than 20 years ago and how it became one of Southern Africa’s biggest ICT infrastructure players. Paratus started life in Angola in 2003,…
3 Sep 6AM 56 min

Maziv goes massive: CEO Dietlof Mare on Vumatel’s big roll-out plans

Maziv, the company that owns Vumatel and Dark Fibre Africa, plans to spend R12-billion over the next five years as its ramps its deployment of fibre infrastructure across South Africa. Poised for a big injection of cash and assets from Vodacom, which is buying a 30% co-controlling stake in the…
26 Aug 5AM 52 min

The story behind Nedbank’s R1.65-billion iKhokha deal

Nedbank announced last week that it was acquiring Durban-based fintech iKhokha in a R1.65-billion deal that could signal the start of further consolidation in the payments industry in South Africa. Nedbank described the deal as a “significant milestone” in its strategy to target small and medium enterprises. iKhokha co-founder and…
22 Aug 2AM 26 min

Alan Knott-Craig unveils Fibertime’s big bet on township fibre

Alan Knott-Craig’s new fibre internet business has been flying below the radar for some time now, but the serial telecommunications entrepreneur has finally unpacked his plans for the business. Speaking to the TechCentral Show this week, Knott-Craig – who has led a range of well-known tech businesses, including Mxit, World…
15 Aug 2AM 22 min

Pick n Pay’s Enrico Ferigolli on building asap! and taking on Shoprite

Although Shoprite Group stole a march on many of South Africa’s retailers in on-demand online grocery delivery during the Covid-19 lockdowns, Pick n Pay has a clear plan to make up lost ground and compete aggressively for market share. Enrico Ferigolli, who co-founded the liquor delivery app Bottles – which…
14 Aug 5AM 49 min