Ronnie S. NtuliRonnie Ntuli

South Africa


Occupational Information

Job Title: Founder and Executive Chairman of Thelo Group and AFLI Board Chair

Professional History

Ronnie Ntuli is the founder and Chairman of Thelo Group (Thelo), a South African based independent and diversified investment company with interests in the transportation and financial services sectors. He is the founder of Kerma Global Limited (Kerma), a company that holds the global private equity interests on behalf of the Ntuli family. Kerma is also involved in financing and commercializing new sector or market-disrupting cutting edge industries that have global market potential.

Ronnie is passionate about economic development and serves on a number of boards including, the African Export-Import Bank (AFRIEXIMBANK);  the Pan-African Private Sector Trade Policy Committee;  P&O Ferries; and Dangote Cement. He was a former chairman of the National Empowerment Fund (NEF).

Preceding these roles, Ronnie founded Andisa Capital, in partnership with one of Africa’s largest banking groups. Andisa is an independent and diversified financial services group with interests in private equity, stock-broking, capital markets, corporate finance, and treasury solutions, for which he was the founding Chief Executive.

Ronnie is former President of the Johannesburg Chamber of Commerce and Industry. He has been a formal adviser on economic development, to a number of heads of state in Africa, and has in a number of continents, delivered papers on financing, economic development, and entrepreneurship. 

He is also a patron of the Hugh Masekela Heritage Foundation (HMHF).


LLB from Edinburgh University


2006 Archbishop Desmond Tutu Leadership Fellow

Additional Search Tags:  Law, legal, economic development, finance, infrastructure, rail, aviation, financial services, banking, private equity, stock broking, capital markets, corporate finance,

About AFLI




The African Leadership Institute (AFLI) is unique among leadership initiatives in that it focuses on building the capacity and capability of visionary and strategic leadership across the continent. Developing exceptional leaders representing all spheres of society, the Institute’s flagship programme is the prestigious Archbishop Tutu Leadership Fellowship. Offering a multifaceted learning experience and run in partnership with Oxford University, it is awarded annually to 20-25 carefully chosen candidates, nominated from across Africa. Alumni of the African Leadership Institute form a dynamic network of Fellows passionately committed to the continent’s transformation, bridging the divide between nations and ensuring that Africa is set centre-stage in global affairs.