Board of Directors
Executive Director and Chief Executive Officer
In 2013, Raymond joined the venture investment division of the Remgro group, Invenfin, as an investment executive, before being reassigned to the parent company, Remgro Limited.
He holds a B Business Studies (Honours) from University of Zimbabwe.
Born into an entrepreneurial family and guided at an early age by his late father, HM Pitje, Khudu started his entrepreneurship at the age of seventeen. Unable to secure a bursary, he launched his career with Lindsay Saker in 1994 while studying part time for his CTA, which he obtained in 1999 through the University of SA. Khudu joined PriceWaterhouseCoopers, where he supervised audits of companies such as Nike SA, Otis, University of the Witwatersrand, and African Cables and Carrier SA.
Thereafter, Khudu spent three years with J.P. Morgan, two of which were on secondment to the London office, focusing on transactions in the energy, telecommunication and manufacturing sectors. Upon leaving JPMorgan Khudu launched an investment company focusing on micro businesses prior to founding New GX. The company amongst other investments invested in Alan Dick Telecoms Infrastructure SA, a UK telecom infrastructure business with a presence in SA.
In 2009 he was honoured as a finalist in the Ernst & Young World entrepreneur awards in the ‘Emerging Entrepreneur’ category and sits on the board of numerous companies, many of which are part of the New GX investment portfolio.
He has studied Commerce at the University of the North (UNISA), Cranfield School of Management (UK), and Wharton Business School (USA). He is a fellow of the Institute of Commercial and Financial Accountants of Southern Africa.
Neo was admitted as an attorney in 2002 and her areas of expertise include, inter alia, mergers and acquisitions, equity and debt capital markets and competition law. Neo completed her articles at Webber Wentzel where she worked in the competition law department and went on to work at Absa Bank Limited within the derivatives legal team. Prior to joining DM5 Incorporated in April 2008, she worked at J.P. Morgan, Johannesburg as a legal advisor to the corporate finance team. She is a founding partner of DM5 Incorporated, a black female owned corporate law firm which aims to not only provide legal advisory services but further the interests of women in the legal corporate advisory sector. She has served on the board of directors of South African Express and as a trustee for the CIDA Empowerment Trust. She is an audit committee member of Lafarge South Africa and a trustee for G20 Young Entrepreneurs South Africa.
Richard is an ICT entrepreneur who has been active in the South African and international market since the 1980s. Some of his notable ventures include co-founding Dimension Data, Dark Fibre Africa, and the Protocol and Archway Venture Partner venture capital funds. He is the chairman of the tradebridge Group, which supplies value added transaction switching solutions, and he is an active investor in a number of other IT and telecommunications companies.
Independent Non-Executive Director