the founders
Before joining Absa Group Winston was a Director of Emerging Market Sales at Bank of America Merrill Lynch for 7 years untill 2012. In this role he headed up the team responsible for marketing African (South Africa, Kenya, Ghana, Nigeria) Equity Research and Trading ideas to domestic and international institutional fund managers.
Other responsibilities included serving on the Country Leadership Executive (Exco), Executive Director on the Board of Directors and Trustee of the MLSA Empowerment Trust.
Having previously served as the Chairman of the Board of Pridwin Preparatory School, Winston currently serves as a Trustee on its Foundation. The Foundation’s purpose is to raise funds to enable the school to fulfill its broader mandate to the Community by ensuring that underprivileged qualifying children also have a chance to access the high-quality education that the school offers.
the founders
Winston Monale
Winston holds a Bachelor of Commerce Degree majoring in Accounting, Economics and Finance from the University of Cape Town. He is also a member of the Institute of Directors South Africa.
Having left formal employment in 2020 Winston returned to his first love, Financial Markets and Investments. Consequently he developed an interest in understanding the Renewable Energy sector as well as Logistics and Transport infrastructure across Southern Africa. The TuWin Group was subsequently formed.
He was previously the Managing Executive of Wealth Management at Absa Group Limited (previously Barclays Africa Group) where he served as the strategic head for the Wealth Management business in Africa which included taking responsibility for the Stockbroking and Portfolio Management business. He was also responsible for the Investment Solutions unit which performed Asset Allocation for the Multi-Managed Funds and created and maintained the Advice Framework for all Wealth Advisors (+1,000 across the Group).
the founders
Winston Monale
Winston holds a Bachelor of Commerce Degree majoring in Accounting, Economics and Finance from the University of Cape Town. He is also a member of the Institute of Directors South Africa.
Having left formal employment in 2020 Winston returned to his first love, Financial Markets and Investments. Consequently he developed an interest in understanding the Renewable Energy sector as well as Logistics and Transport infrastructure across Southern Africa. The TuWin Group was subsequently formed.
He was previously the Managing Executive of Wealth Management at Absa Group Limited (previously Barclays Africa Group) where he served as the strategic head for the Wealth Management business in Africa which included taking responsibility for the Stockbroking and Portfolio Management business. He was also responsible for the Investment Solutions unit which performed Asset Allocation for the Multi-Managed Funds and created and maintained the Advice Framework for all Wealth Advisors (+1,000 across the Group).
Before joining Absa Group Winston was a Director of Emerging Market Sales at Bank of America Merrill Lynch for 7 years untill 2012. In this role he headed up the team responsible for marketing African (South Africa, Kenya, Ghana, Nigeria) Equity Research and Trading ideas to domestic and international institutional fund managers.
Other responsibilities included serving on the Country Leadership Executive (Exco), Executive Director on the Board of Directors and Trustee of the MLSA Empowerment Trust.
Having previously served as the Chairman of the Board of Pridwin Preparatory School, Winston currently serves as a Trustee on its Foundation. The Foundation’s purpose is to raise funds to enable the school to fulfill its broader mandate to the Community by ensuring that underprivileged qualifying children also have a chance to access the high-quality education that the school offers.
Itumeleng holds a BSc in Biochemistry and Genetics from Wits University, a Global Management certificate from the Thunderbird School of Management (Arizona) and an executive MBA from the London School of Economics.
She was recognised as an IBM Global Women in AI Honoree in 2020 and named one of the top 100 Global Data Visionaries of 2020 by Truata.
Itumeleng Monale
Itumeleng Monale is the Chief Operating Officer (COO) of the Johannesburg Stock Exchange (JSE). She joined the JSE in January 2021 and brings with her a wealth of knowledge and experience having worked in management consulting, banking and financial services for more than 20 years.
As the COO of the JSE, Itumeleng is responsible for the development and execution of the JSE’s strategy which encompasses client experience, the sustainability portfolio as well as the Exchange’s Public Policy and Regulatory Advisory portfolio. Further to that, she oversees the JSE’s business operations which is made up of Trading Operations as well as the Client Service Centre.
Before joining the JSE, Itumeleng spent 17 years in banking, where she held various positions including those of Head of Remote Client Servicing, Head of Mass Market Strategy – developing new banking products for the mass market and underbanked segments; as well as Head of Digital Banking and Channel Innovation.
Most recently she led Business Architecture and Data Management.
Itumeleng Monale
Itumeleng Monale is the Chief Operating Officer (COO) of the Johannesburg Stock Exchange (JSE). She joined the JSE in January 2021 and brings with her a wealth of knowledge and experience having worked in management consulting, banking and financial services for more than 20 years.
As the COO of the JSE, Itumeleng is responsible for the development and execution of the JSE’s strategy which encompasses client experience, the sustainability portfolio as well as the Exchange’s Public Policy and Regulatory Advisory portfolio. Further to that, she oversees the JSE’s business operations which is made up of Trading Operations as well as the Client Service Centre.
Before joining the JSE, Itumeleng spent 17 years in banking, where she held various positions including those of Head of Remote Client Servicing, Head of Mass Market Strategy – developing new banking products for the mass market and underbanked segments; as well as Head of Digital Banking and Channel Innovation.
Most recently she led Business Architecture and Data Management.
Itumeleng holds a BSc in Biochemistry and Genetics from Wits University, a Global Management certificate from the Thunderbird School of Management (Arizona) and an executive MBA from the London School of Economics.
She was recognised as an IBM Global Women in AI Honoree in 2020 and named one of the top 100 Global Data Visionaries of 2020 by Truata.
The TuWin Group has been created to solve two of the biggest problems facing Africa, namely:
High Transportation Costs which drives high-end product costs
and
Inconsistent and Unreliable Energy Supply
Context
Africa’s economy of 54 connected countries is largely unintegrated. Inter alia, this means that the benefits that generally accrue to scale are seldom achieved at a country level
The historic colonial development policies which sought to strip Africa of its resources are well documented drivers of this malaise which has resulted in Africa’s under development and lack of economic progress
Consequently, high production costs and low levels of related industry specialisation and development are a common feature of individual country’s economic and social development. This is especially true in higher value services sectors
Post colonial rule has generally not brought about prosperity to the people due to rampant corruption and abysmal socio-economic policies by leaders
Consequently, Africans living on the continent are far more likely than people living in other continents to:
1. Live below the poverty line
2. Suffer rampant unemployment
3. Be exposed to under development and high levels of inequality
Approximately 650m Africans do not have access to power. This means that Africa has an Electricity Access Rate of just 40%, the lowest in the world
High Transport Costs are common in Africa and can often result in a product that is 1.5 to 2 times higher than it should be
The TuWin 411 Group (Pty) Ltd has therefore identified opportunities to:
- Work in partnership with well established industry players in order to provide innovative Food Security solutions to Africans. We believe these solutions have the potential to unlock significant scale benefits, firstly between African countries and secondly between customers and suppliers. In other words our solutions, by leveraging more efficient, faster and more integrated supply chains can be significantly cheaper than current dominant models
- Participate directly in greenfield renewable energy generation and battery storage opportunities thereby providing Energy Security to Africans