Brainworks Limited

Receive alerts
Market Cap:
52 weeks high
52 weeks low

Brainworks’ aim is to grow the business both organically and through future acquisitions.

Our investment model focuses on:

  • acquisition of either a controlling interest or a strategic equity stake in attractive investee companies with proven business models;
  • vertical integration in our target sectors;
  • investment into sustainable, consumer-facing, cash-generative businesses; and
  • investment into operations where reputable international partners can be attracted.
  • Investments will remain primarily focused on Zimbabwe, we will consider expanding our current investment base by consolidating our existing investments and seeking potential future acquisitions.

Our investment horizon is long term and it seeks to grow shareholder value through sustainable dividend pay-outs and consistent capital growth.

Our investment horizon is long term and it seeks to grow shareholder value through sustainable dividend pay-outs and consistent capital growth.

Mauritius & Zimbabwe.

Simon Frederick William Village

Simon Village, a resident of the United Kingdom, is the founding director of Argentum Limited, a company with substantial relationships across Africa, and a proven record of accomplishments in business development and corporate finance services to emerging corporates in Southern, Central and Eastern Africa. Simon has served on the boards of numerous international companies, and has led a number of successful global initiatives, the foremost of these being the development of a series of commodity-backed funds, which his team listed in 13 countries, and which revolutionised the gold market, attracting some US$100 billion of new investment into that sector.

Simon also led the financing and development of a number of resource companies, where Simon served as a director, including raising some US$500 million required for building the first gold mine in the DRC since that country’s independence. Prior to this, Simon was a Managing Director with HSBC Bank in London, having worked his way up through HSBC Bank as a top-ranked financial analyst to head of research for their emerging markets business, before being appointed as managing director of the securities business in South Africa. Prior to that Simon worked for De Beers Consolidated Mines Limited in Southern Africa. Simon holds a Bachelor of Engineering (Honours) degree in Mining Engineering from the Camborne School of Mines in the United Kingdom.


Peter Saungweme
Interim Chief Executive Officer/ Chief Finance Officer

Peter is a Chartered Accountant (Zimbabwe). He holds Bachelor of Accounting Science Honours and Bachelor of Accounting Science degrees from the University of South Africa (UNISA), Certificate of Theory in Accounting (CTA) and an Advanced Diploma in Auditing. He possesses strong financial management background having been the Financial Controller of Ecobank Zimbabwe Limited and Chief Finance Officer at Cell Holdings (Private) Limited - a holding company with subsidiaries and associates with interests in short term and medical insurance.

Before assuming the role of Chief Finance Officer, Peter was the Finance Director at Dawn Properties Limited, a subsidiary of Brainworks Limited. Peter has vast external audit background in the banking, insurance, tourism and power generation sectors having worked as an Auditor Manager for both KPMG Zimbabwe Inc. and KPMG Namibia Inc. for a combined period of 5 years. Peter sits on the board of directors of Brainworks Limited, African Sun Limited, Dawn Properties Limited, Dawn Property Consultancy (Private) Limited, and on other special purpose entities within the Brainworks Group of companies.


Mrs Chipo Mtasa
Lead Independent Non-Executive Director

Mrs Mtasa obtained a BACC (Hons) degree from the University of Zimbabwe in 1987 and is a registered Chartered Accountant (Zimbabwe). In 2009 she received an Executive Management Development Certificate from Wharton Business School, University of Pennsylvania, USA. Mrs Mtasa has over 20 years’ experience in corporate management and she has held leadership positions in the hospitality, service and manufacturing sectors, the most notable of which include her tenure as the CFO and CEO of the Rainbow Tourism Group Limited. She is currently the Managing Director of TelOne Private Limited in Zimbabwe and she holds a number of non-executive directorships including: FBC Holdings (2012-current), Interfresh Limited (2007-2013), Women’ University in Africa (2012-2018). She is also the Chairperson for the West Indian Ocean Cable Company (2014- current); Zimbabwe Open University (2017-current) and Zimbabwe Tourism Authority (2015-2017).


George Sidney John Bennett
Independent Non-Executive Director

George Bennett has over 30 years’ experience in finance and management, and has been a partner and director with a number of leading financial institutions including Fergusson Bros, Simpson Mckie, and HSBC Securities (Private) Limited.

In 2003 George became CEO of Shanta Gold Limited, an exploration company based in Tanzania which he successfully listed on the London Stock Exchange in 2005. Shanta is still a gold producer today. In 2006 George acquired and restructured MdM Engineering Group Limited (“MdM”), an engineering company building mineral process plants and mining infrastructure all over Africa. In 2008 George listed MdM on the London Stock Exchange, which over the next 8 years generated over US$57 million of pre-tax profits for its shareholders. In March 2014, George successfully negotiated and managed the sale of MdM Engineering to Amec Foster Wheeler Inc. and has now teamed up with Simon Village at Argentum Energy Inc. where he has taken the role of managing director.


Audrey Mamoshoeshoe Mothupi
Independent Non-Executive Director

Audrey Mothupi is the chief executive officer of SystemicLogic Group, a global financial innovation and technology disruptor. Audrey’s experience spans various business domains including group strategy, talent design, marketing and communications strategy, integrated with strong corporate relationship management. Prior to her appointment at SystemicLogic Group, Audrey served as the head of inclusive banking at Standard Bank Group and prior to that, Chief Executive of Strategic Services at the Liberty Group. While at Standard Bank, Audrey’s division was awarded the 2013 BAI-Finacle Global Banking Innovation Award for innovation in societal and community impact.

She was also responsible for migrating 3.5 million Standard Bank customers onto a consolidated SAP platform during her former position as director of banking and lending products at Standard Bank. Audrey is an independent, non-executive director on the Pick ‘n’ Pay board; serves as the chairperson of Orange Babies of South Africa, a non-profit organisation focused on the prevention of mother to child transmission of HIV/Aids and the care of Aids orphans and vulnerable children across South Africa, Namibia and Zambia; and is a Member of the Nordic Female Business Angel Network (NFBAN) Board, an organisation that advocates impact investing as a way to demonstrate measurable impact and profitable business models. She is a member of the Numeric Board of South Africa, an organisation focused on helping young South Africans excel in Maths, and train world-class Math teachers. She more recently became an independent non-executive director at EOH Holdings Limited, an organisation providing the technology, knowledge, skills and organisational ability critical to Africa’s development and growth.


Richard Godfrey Muirimi
Non-Executive Director

Richard Muirimi has significant experience in Pension and Employee Benefits Services. In 1995 he founded, and is currently the managing director of Comarton Consultants (Private) Limited. Comarton is a leading pension fund administrator in Zimbabwe, administering at least 40 pension funds. Richard was the non-executive chairman of Kingdom Financial Holdings Limited (“KFHL”) on its formation in 1995 until he resigned from the board in 2005. During that period as Chairman of KFHL, he guided KFHL through the initial capitalisation through private placement, the IPO of KFHL on the ZSE, the establishment of subsidiaries in asset management, merchant banking, commercial banking and stock broking and regional expansion. Richard was previously the chairman of the Zimbabwe Association of Pension Funds from April 2002 to February 2004. He was the deputy chairman of the Insurance and Pensions Commission from November 2005 to December 2012.

He has also previously held senior positions in Zimnat Life Assurance Company (1995 – 1998) and AON/Minet Insurance Brokers (1982 – 1995). Richard is a member of a number of Boards across the country including Zimbabwe Asset Management Corporation (Private) Limited (ZAMCO), a subsidiary of the Reserve Bank of Zimbabwe. In 1987 Richard graduated as a fellow of the Executive Development Program from the University of Zimbabwe.


Simon Nyarota
Independent Non- Executive Director

Mr Nyarota obtained a BA Economics and Statistics (National University of Lesotho), M Math Statistics and M Math Actuarial Science (both from the University of Waterloo, Ontario, Canada). He has over 35 years of extensive work experience in the Zimbabwean financial, banking, insurance and investment sectors with additional experience in macroeconomic and financial research and analysis. He was with the Reserve Bank of Zimbabwe for a total of 20 years, 14 of which he was Director, Economic Research and Policy. He was also employed by Trade and Investment Bank as a senior official in Project Finance and as an Executive Director at Barbican Holdings and as an actuarial assistant at Southern Life Association, Southampton Assurance and Old Mutual. Mr Nyarota is heavily involved in macroeconomic research within the SADC region and is a past Chairman of the Macroeconomic Sub-Committee and the Research Review Panel of the Southern African Development Community (SADC) Committee of Central Bank Governors (CCBG). Mr Nyarota has also worked with other regional and international institutions which include the Common Market for Eastern and Southern Africa (COMESA), the Macroeconomic and Financial Management Institute of Eastern and Southern Africa (MEFMI), the World Bank, the International Monetary Fund (IMF), and the African Development Bank (AfDB). He is currently the Managing Consultant of Tsoka Capital (Pvt) Ltd


Zaїn Mehtab Madarun
Independent Non-Executive Director

Mrs. Zaїn Mehtab Madarun has over 10 years’ experience in the global business sector in Mauritius. As a Fellow Member of the Association of Chartered Certified Accountants, she started her career with CIM Global Business where she performed a Team Leader role in Fund administration and managed a team of 10 staff members prior to moving to Inter-Ocean Management Limited (now Maitland (Mauritius) Limited) in 2011 as Senior Client Services Manager. In 2015, Mrs Madarun, along with two other partners, founded the Adansonia Group and became a shareholder in Adansonia Holdings Limited. She currently serves as the Managing Director of Adansonia Management Services Limited. In addition to her current role in the Adansonia Group, she also serves as director on other boards and fulfils the compliance function for several entities and acts as Company Secretary to TSX and JSE listed entities.


Manisha Ramphul
Independent Non-Executive Director

Mrs. Manisha Ramphul has over 10 years’ experience in the global business sector in Mauritius. She started her career with International Financial Services Limited in 2009 and thereafter joined CIM Global Business as Senior Administrator in 2010, where she performed the Global business companies’ administration prior to moving to Adansonia Management Services Limited in 2018. She currently serves as Team Leader of Adansonia Management Services Limited. In addition to her current role, she also serves as director on other boards and fulfils the compliance function for a number of entities.

Address: Brainworks Limited
Silicon Avenue, Ebéne Cybercity, 72201
Republic of Mauritius
Tel: +230 464 1267
Fax: +230 468 1267
Email: [email protected]  

Address: Brainworks Capital Management (Private) Limited
4 Arden Road Newlands,
Harare, Zimbabwe
Tel: +263 4 782 849/55   
Fax: +263 4 782 852
Email: [email protected]


Joint Bookrunner - Strand Hanson

Corporate Advisor, Joint Bookrunner and Sponsor, QuestCo


Click here for information on shares.