About us

Agile Capital is a respected, black-owned and managed investment company based in Johannesburg, South Africa.

It focuses on investments in sustainable businesses with strong management teams, a history of strong financial performance and tangible growth.

Agile means to to build in Setswana. This embodies the ethos of building relationships, partnerships and businesses.

Under the leadership of exceptional investment professionals, the company has built a strong and diversified investment portfolio across a range of sectors. In over a decade, Agile Capital has built a substantial investment portfolio  invested in mid-market companies with growth potential and has become a leading South African investment firm.

A vision of investing in growing and sustainable businesses, generating strong returns for stakeholders and creating meaningful transformation. Agile Agile Capital has made sizable investments in businesses, taking a long-term partnership approach by investing alongside management teams and providing a sustainable B-BBEE solution.

Our investment approach

Agile Capital is a long-term investment firm that adopts a partnership-oriented strategy. We collaborate closely with management teams rather than taking operational control.

Our expertise lies in finance, governance, and mergers and acquisitions (M&A). We offer non-executive strategic and financial support to the companies we invest in.

We specialize in assisting businesses seeking growth capital, replacement capital, management buyouts, and management buy-ins. We also have a track record of partnering with multinational corporations for mutual empowerment.

Investment criteria

However, it does not invest in start-up and green fields businesses, business rescue and turnaround cases, deep mining and exploration ventures, real estate assets or primary agriculture. It focuses on businesses with a solid record, tangible growth prospects and strong management teams.

Sector agnostic

Demonstratable track record of strong financial performance – Good margins, cash generative”

Tangible growth prospects

Strong management team

Minimum sustainable EBITDA of R20 million


RMB Corvest has worked with Agile for many years as both funder and partner. We work extremely well with the team and are able to have good constructive and open engagements. We continue to back the Agile team and look forward to working together on more transactions.
Mike Donaldson
CEO: RMB Corvest
We have been in partnership with Agile for many years and the Agile team has been a great support in the growth of our business. The Agile team has helped us make acquisitions, been a strategic support and been involved in engagements with some of our key stakeholders. Agile have become an integral part of our business and I would recommend Agile to any company looking for a private equity partner.
Jacques du Preez
Founder and CEO: Provantage
Agile came on as a partner to Spill Tech in 2016 and they have built good relationships with the management team. Agile supported us in acquiring Envirosure and when we were negotiating with Seche Environment, a French multinational group, who have invested into Spill Tech. We have found Tshego and Liz to be valuable board members who let the management team run the business while remaining available to get involved when we require it.
Raymon Rocher
CFO: Spill Tech Group
Agile has been invested in Provest for many years and the team has built a great working relationship with our management team. They are always available to engage and to assist our team where required, whether it be in assessing potential acquisitions or with internal business. I would recommend Agile as a partner.
Funani Mojono
CEO: Provest Group
"More than a deal, a partnership in the truest sense of the word”. This is how best I can describe SA Biomedical’s excellent partnership of over 6 years with Agile as we have journeyed together with our business, notably through some tough times, yet continuing to support each other and our mutual growth aspirations. The Agile team has always demonstrated full confidence in our leadership team by offering sage advice and strategic support, yet allowing us to “do what we do best” in delivering a superior service in the sphere of healthcare. It’s been an absolute pleasure working with our friends from Agile - long may that continue!
John Bisset
CEO: SA Biomedical


Sectors we are invested in


Energy & Engineering


Financial Services


Media & Entertainment


Mining Services

Outsourced Services


Meet the team

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Tshego is responsible for overall management of the business and is involved in transaction origination, execution and post investment value management.

Before establishing Agile Capital, Tshego was the managing director of the Zico Group, an investment holding company with diverse interests in mining, gaming, industrial services and manufacturing, both within South Africa and across the continent.  

Tshego’s prior experience included working as a dealmaker at Standard Bank Private Equity, managing investment origination and execution on behalf of the bank; working as a transactor at Ethos Private Equity; and foundational experience with Ernst & Young Johannesburg and London.

He holds a Bachelor of Commerce Honours degree from the University of Natal and is a qualified Chartered Accountant. He also holds a Master’s in Business Administration (MBA) from the University of Witwatersrand.



Liz holds a Bachelor of Business Science Honours degree from the University of Cape Town, a Higher Diploma in Accounting from the University of the Witwatersrand and is a qualified Chartered Accountant. She completed her articles with Deloitte in 2008, where she served as an audit manager for 2 years and subsequently spent 4 years in the Corporate Finance division specialising in Due Diligence reviews. 

Prior to joining Agile, Liz was a transactor at Kleoss Capital, a mid-market SA private equity firm, where she was involved in executing a number of investments across sectors and represented the firm on the boards of some of its portfolio companies.



Ndimande Marutha is a chartered accountant by profession; his journey started at the University of Johannesburg (UJ), where he earned a Bachelor of Commerce Honours in Accounting and CTA. 

Ndimande commenced his professional journey as a trainee accountant at PricewaterhouseCoopers (PWC), where he gained practical experience and an inherent understanding of financial management and auditing practices. Subsequently, he transitioned to a role as an executive assistant at PSG Group Limited, where he served for a period of about two years. In this capacity, Ndimande contributed to the various key strategic initiatives of the organisation.

Following his tenure at PSG Group, Marutha redirected his career towards M&A, initially joining PWC in New York (through Makosi). Here, he further refined his expertise in navigating complex financial transactions. Later, Ndimande joined Deloitte in Johannesburg, where he continued to build his career within M&A, contributing to the firm’s reputation for excellence in financial advisory services. 

Throughout his career, Marutha has demonstrated a commitment to professionalism and continuous learning, embodying the values of integrity and diligence expected of a chartered accountant.



Nadia holds a Bachelor of Commerce Management degree from the University of South Africa and is currently completing her Post Graduate Diploma in Accounting Sciences.

Her prior experience includes time in the South African retail sector with Massmart Holdings where she started from the ground up: first as a store department manager in finance right through to accountant. She also held a position as a group financial accountant in the aviation sector and a consolidation accountant role at a multi-national drink and brewing company.

Nadia is the Financial Accountant at Agile Capital, and all her practical capabilities assist her in acting as a fundamental pillar in the administration of the business.

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