In 2006, Isaac and Benjamin Mophatlane (and 4 others) founded Mowana Investments (Pty) Ltd with Investec Private Bank as the funding partner, to build up a diversified investment portfolio.
With an initial loan of R5 million from Investec Private Bank, the company built up an asset base of R350 million over 8 years. Some of the assets included the BEE Holding of Stefanutti Stocks (listed on the JSE), and the strategic local partner of the London listed financial risk services business, Experian Ltd.
In 2013 Isaac, Benjamin and Investec Private Bank decided to exit from the company, and following several months of corporate restructuring the company purchased back their shares. The exit was completed in October 2013.
Following the exit in Mowana Investments (Pty) Ltd, Isaac and Benjamin immediately set about with the formation of the Randvest structure with the input of previous investment partners.
An early set back was, however, encountered when Benjamin suddenly passed away in June 2014. In the months that followed, the various joint investments were consolidated under a new Randvest umbrella.
Randvest remains an independent and privately owned investment company, which capitalises on the wide network of relationships established by the shareholders in their personal and business capacities.
Randvest is not affiliated to any political party in South Africa, and considers itself independent and offers an alliance with future partners based on merit and a successful track record.