Category Investments

SA SME Fund appoints Ketso Gordhan CEO

21 August 2018 SA SME Fund
Ketso Gordhan

Ketso Gordhan

The SA SME Fund is pleased to announce the appointment of Ketso Gordhan as its new Chief Executive Officer.

Gordhan has operated for many years in the private equity and impact investing space. His positions and roles have included Head of Private Equity at FirstRand for almost a decade; managing a personal impact investment portfolio with a focus on education in SA and Rwanda; serving as Africa advisor to the Omidyar Network; and Head of Africa for the Commonwealth Development Corporation where he led the Africa investment strategy for the UK government’s development finance arm. 

In addition to this expertise, Gordhan was the first post-apartheid Director General in the Ministry of Transport; the City Manager for the City of Johannesburg during 1999-2000; and an advisor to the Minister for Monitoring and Evaluation in the Presidency in 2009-2010. In the latter role, he sought to develop and institute performance outcome metrics and targets for all government ministries. 

Gordhan has served on numerous private sector, foundation and non-profit boards of directors. He was an advisor to the World Bank Urban Sector on Municipal Restructuring, is an Aspen Global Leadership Fellow (a member of the Aspen Institute’s African Leadership Initiative), and in 2000, was elected a World Economic Forum Young Global Leader for Tomorrow. 

Gordhan also has a long and illustrious history as an anti-apartheid activist and leader, in both the United Democratic Front and in the ANC. 

Adrian Gore, Chairman of the SA SME Fund Board, said: “We are proud to welcome Ketso as the new CEO of the Fund. He has deep seated knowledge of and a breadth of experience in many spheres of investing. He also has a profound understanding of how best to execute public private partnerships. Ketso is passionate about social change, and as the Board we are very excited about the energy he will bring to Phase 2 of the Fund.” 

Gordhan noted that he will focus on the Fund’s broad objective of creating and growing mainly Black entrepreneurs. This will be done via co-investments in SMEs and gazelles, entrepreneur-led early stage businesses, and social impact investments.

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