AEC | African Entrepreneurs Council | Meet the AEC EXCO
Meet the esteemed business people that make up the African Entrepreneurs Council Executive Committee.
AEC, Leaders,leadership,EXCO,George Sebulela,African Entrepreneurs Council
page,page-id-2174,page-template,page-template-full_width,page-template-full_width-php,ajax_fade,page_not_loaded,smooth_scroll,,qode-child-theme-ver-1.0.0,qode-theme-ver-2.9,wpb-js-composer js-comp-ver-4.12.1,vc_responsive

Our Leadership

Mr George Sebulela – Founder and President

george_sebulelaMr George Sebulela – Founder and President


Academic Record:

Advanced Management Programme – INSEAD (France),

Board Development Programme – Gordon Institute of Business Science (GIBS),

BA (Com) – Fort Hare University (UFH), Leadership Development Programme – Gordon Institute of Business Science (GIBS), Principles of Business Management – Wits Business School, Post Graduate Diploma in Marketing – Institute of Marketing Management, (IMM) Leverage Finance – Fitch (UK).


George Sebulela is currently the President and Chief Executive of Sebvest Holdings. He was the Head of Government, Empowerment and Public Infrastructure Finance for ABSA Capital.


Current Board Appointments: Founder and President of African Entrepreneurs Council (AEC), Former Chairman of the Black Business Council (BBC), Now Current Secretary General of the Black Business Council(BBC), Board Member of the Council of The University of Fort Hare, Chairman of the Board of the University of Fort Hare Foundation, Member of the Investment Committee of the University of Fort Hare Foundation, Investment Committee member of Fenix Partners, Secretary of the Black IT Forum Gauteng, Secretary General of the Black Business Executive Circle (BBEC)Director of the following companies MediQuip SA, Toghzhou Construction SA, Inspur SA, Stryker Security, Grey4 Media Group, Sebvest Engineering , Member of the Brazil ,Russia,India,China,South Africa( BRICS), Currently serving on the Presidential Advisory Group chaired by the President of the Republic of South Africa and Deputy President of the Republic of South Africa, Committee member of the Johannesburg Stock Exchange (JSE) CEO steering committee chaired by the Minister of Finance and the Chairman of Telkom.


Current Professional Memberships: Investment Analyst Society Southern Africa (IASSA), Institute of Directors in Southern Africa(IOD), Black Business Executive Circle (BBEC), Association of Black Securities Investment Professionals (ABSIP), African Entrepreneur Council (AEC), Black Business Council(BBC)  .


He was a member of the ABSA Capital EXCO Committee, Chairman of Diversity Committee (DIVCO) of ABSA Capital, a committee member of the ABSA Group FSC responsible for the ABSA Group empowerment Financing, member of Johannesburg Loan Committee (JLOC), member of the Credit Committee, member of Executive Recruitment committee (RECO), member of the ABSA Capital Business Development Forum (BDF), Member of the ABSA Group 2010 steering committee. Mr Sebulela was the Business Development Executive at Avis Fleet Services, the largest and No1 Fleet Management Asset Finance Company in Southern Africa responsible for Business Development, Marketing Strategy and Government & State Owned Enterprises, Founded Konica Makweru a subsidiary of Konica Minolta Southern Africa, where he served as an Executive Director. Mr. Sebulela subsequently joined Premier Foods, where he was the Marketing and Corporate Affairs Director. Mr. Sebulela has served as a director on a number of boards of companies including among others, Du Pont Telecoms and GIB Insurance Group.

Mr Sello Rasethaba – Chairman

sello_rasethaba-1Mr Sello Rasethaba – Chairman


Academic Record:

  • University of Northern Iowa  Cedar Falls, United States of America (1986)
    • Professional Ethics for Certified Public Accounting – Accounting
  • World Bank Group (1994)
    • Negotiating International Contracts – International Contracts
  • University of Northern Iowa – Bachelor of Arts (1987 )
  • Universitat Wien – (1985)
    • Intermediate German
  • University of Birmingham, University of Heriot Watt and the University of Hull – (1988)
    • Computer Applications in Public Sector Financial Management –
    • Information Technology in the Public Sector


Currently, the Chairman of Xpanse Investments, Sello is involved in the maritime infrastructure and logistics industry through various investments. He is Chairman of the Lobbying Corporation of South Africa and Vice President for State Owned Enterprises and Government in the African Entrepreneurs Council (AEC). In September 2016, he was elected as Chairman of the Black Business Council (BBC). He serves as an Executive committee member of the National Economic Development and Labour Council (NEDLAC) and serves on its Public Finance and Monetary Policy Chamber and its Audit and Risk Committee including the Finance Committee. Sello contributed to the finalization of the Black Economic Empowerment Commission Report (BEECOM).


Sello is the chairman of the Board of directors of SITES-AFLA, a local company with global expertise in monitoring the health of Civil Infrastructure. SITES-AFLA ‘s expertise and services include structural assessment engineering, inspections, geometrical surveys, instrumentation, further investigations through nondestructive testing as well as the implementation of asset management system and digital tools.


Sello is also the Chairman of the Financial Services Working Group, South African BRICS (Brazil, Russia, India, China and South Africa) Business Council. He is a member of the Special Economic Zones (SEZ) Advisory Board and chairs its Policy and Governance Subcommittee. Rasethaba has served as former director of Lexmark International South Africaa. He was the inaugural chairman of the board of directors of the government’s IT procurement arm, State Information Technology Agency (SITA) from 1999 to May 2002. He was chairman of Saatchi & Saatchi South Africa from 2002 until 2011. He chaired Transnet Tender Board for three years. He has been a board member of various entities including Northwest Transport, Gauteng Gambling Board, and the National Horseracing Authority.


He is a Commander in the South African Navy (Reserves) “with a passion for defense imperatives and who is prepared to unselfishly give himself to the South African National Defence Force.” He retired as the Executive Director of both Palfinger and Mediterranean Shipping Company’s (MSC) logistics and depots companies.

Mr Itumeleng Moraba - Vice President

Itumeleng MorabaMr Itumeleng Moraba – Vice President


Academic Record: Itumeleng Moraba graduated from Technikon Northern Transvaal (now Tshwane University of Technology) with a Diploma in Public Management as well as attended Sales and Business Leadership training from the IBM Business School of London. He also has a Finance Certificate from Wits Business School.


Mr Itumeleng Moraba (Itu) started his dynamic professional career at Siemens in 1995 as a coordinator of a telecom project. Itu coordinated the successful installation of 1 million lines for Siemens in South Africa and established him as a future leader in his field. He went on the spend 3 years at Siemens before moving to IBM, another international telecommunications giant, as a Sales Executive in 1998. Itu also spent 3 years at IBM and moved on to establish Cornastone Technology Holdings in 2001 – a leading empowered information and security application development company. Through his professional career, Itu has held numerous positions which include:


Professional Experience:

Executive Committee Member – Black Management Forum in Tshwane ( 1993 – 1995)


Chairperson – Tshwane Youth Chamber (1993 – 1995)


Deputy Chairperson – Kgwerano Financial Services (1999 – 2006)


Managing Director – Cornastone Software Solutions (2001 – 2009)


CEO – Ross Asset Management (2007 – current)


Managing Director – Mlilo Industries (2012 – current)


Deputy Chairperson – Green Cross Medical Science Holdings (2012 – current)

Nomthandazo Tshobeka - Communications Officer

Image result for nomthandazo tshobekaMs Nomthandazo Tshobeka – Communications Officer


Thando is a Public Relations and Communications professional and head of our communications department. She attended the University of Johannesburg (2012-2016), and is currently studying towards BA In Communication Sciences with UNISA (2018-2020). With 4 years experience in the industry, she is a well-rounded professional who is not only professionally capable but always seeking to enhance her Public Relations and Communications skills.