Diina Hamutumwa

@g0ldenyis “There is danger in letting people misname you. If you are fire, do not answer when they call you a spark.” @BeingUpile

Hon PM @ngurare See the comments under this post, Our neighbors are shocked at the prices. Evidently we have a housing crisis in country, Looking forward to the solutions we have around land delivery and affordable housing.

Barloworld’s Buyout: A Case Study in Leadership, Ownership, and Economic Transformation Dominic Sewela, the Group CEO of Barloworld Limited, is at the center of one of South Africa’s most high-profile corporate transactions. Leading a R23 billion buyout of the very company he helms, Sewela has drawn both praise and scrutiny—a testament to the scale and significance of this deal. A Chemical Engineer by training, Sewela is far from an ordinary corporate executive. He is a seasoned business leader with over 30 years of experience spanning the energy, petroleum, oil & gas, and agricultural sectors. His track record includes: Co-founding Exel Petroleum, South Africa’s first wholly black-owned fuel retail company. Playing a key role in establishing the African Mineral and Energy Forum (AMEF), advocating for black participation in the industry. Now, in 2025, he is leading an ambitious buyout that will transition Barloworld from a publicly traded company to a private, Black-owned industrial giant. From Executive to Ownership: Sewela’s Journey to the Buyout Sewela’s rise to the top of Barloworld Limited was no accident. His leadership journey is marked by progressive responsibility and deep operational expertise: -2007-2011 – CEO of Barloworld Equipment -2011-2012 – Promoted to Chief Operating Officer (COO) of Barloworld Equipment -2012-2016 – Appointed CEO of Barloworld Equipment -2016 – Became Deputy CEO of Barloworld Limited -2017-Present – Appointed Group CEO of Barloworld Limited Sewela’s remarkable leadership is no coincidence. Born in Soshanguve, a diverse community near Pretoria, his entrepreneurial journey began early. Confronted by challenging family circumstances, he launched his first business—selling peanuts at school. This early foray into entrepreneurship, coupled with the powerful influence of the women in his family influenced his approach to diversity. Who Is Buying Barloworld? The entity leading this transaction, Newco, is a newly formed company set up to acquire 100% of Barloworld. The key players in the buyout are: -Dominic Sewela, who has spent nearly two decades shaping Barloworld’s success. -The Zahid Group, a Saudi-based industrial giant that already owns 18.9% of Barloworld and brings long-term strategic backing. What we can conclude so far is that this is a fully funded, commercially driven transaction that aligns with global best practices, even those typically seen in management buyouts (MBOs). Breaking Down the Deal Structure This transaction is being executed through a structured, legally compliant process: a) Scheme of Arrangement – If 75% of shareholders approve, all must sell their shares at R120 each, and Barloworld will be delisted from the JSE and A2X stock exchanges b) Standby Offer – If the Scheme fails, individual shareholders can still sell their shares at R120, but Newco only has to complete the purchase if at least 90% accept. If neither condition is met, Barloworld remains a listed company, ensuring that minority shareholders retain their stakes. Is the R120 Share Offer Fair? Some investors argue that the R120 per share offer undervalues Barloworld, but independent financial analysis suggests otherwise: 💰 66% premium over Barloworld’s share price before the deal was announced. 💰 83% premium over the 30-day average share price before the buyout offer. 💰 Rothschild & Co SA, an independent financial advisor, valued Barloworld between R105.50 and R119.40 per share—meaning the R120 offer exceeds the highest valuation range. It is worth noting that Newco has already secured R17.2 billion in bank guarantees, confirming the financial viability of the transaction. Who Opposes the Deal, and Why? One of the biggest critics of the transaction is Silchester International Investors, a UK-based firm that holds a 17.7% stake in Barloworld. Silchester’s main concerns: 🔹 The offer price should be at least R130 per share. 🔹 Sewela’s dual role as CEO and buyer raises governance questions. 🔹 The 90% acceptance threshold for the standby offer creates uncertainty. While these concerns are valid from a shareholder activism perspective, it is important to view them in context: 🔹 Foreign investors have historically controlled South Africa’s industrial giants, reaping financial benefits while contributing little to local economic transformation. 🔹 Silchester’s opposition appears financially motivated, with a focus on extracting a higher payout rather than prioritizing Barloworld’s long-term strategic future. Ultimately, South African shareholders must decide whether they prioritize short-term returns or long-term transformation. Governance, Conflict of Interest, and the Role of Independent Oversight Given Sewela’s involvement as both CEO of Barloworld and leader of the acquiring consortium, concerns about corporate governance and conflicts of interest have emerged. However, safeguards are in place: ✔️ Barloworld’s independent board, separate from Sewela, reviewed and approved the deal. ✔️ Rothschild & Co SA, an independent advisor, confirmed that the offer is fair. ✔️ JSE and regulatory authorities are overseeing the transaction for compliance and transparency. This ensures that the deal is conducted ethically and in line with global corporate governance standards. Why This Deal Matters for South Africa’s Economic Transformation Agenda For decades, Black executives have led South African companies but rarely owned them. This deal changes that. 🔹 The Barloworld Foundation remains a shareholder, reinforcing broad-based empowerment. 🔹 The transaction aligns with South Africa’s transformation agenda, ensuring that Black leadership is not just symbolic, but structural. 🔹 The Competition Commission is reviewing the transaction’s impact on Black Economic Empowerment (BEE), ensuring that it contributes to broader economic inclusion. This buyout is not about political rhetoric—it is a market-driven, financially viable, and globally relevant transaction that sets a precedent for inclusive industrial ownership. The Bigger Picture: A Blueprint for Industrial Transformation This deal marks a pivotal moment in South Africa’s economic evolution. 🔹 It proves that Black executives can transition from management to ownership. 🔹 It signals to global markets that transformation and financial performance can co-exist. 🔹 It challenges the status quo, where foreign shareholders dominate South Africa’s industrial giants. What we can conclude so far is that this is a fully funded, commercially driven transaction that aligns with global best practices, even those typically seen in management buyouts (MBOs). Why? Because someone with Sewela’s depth of experience is well-positioned to ensure a smooth transition with minimal disruption to employees and stakeholders. This is not a risky startover led by outsiders with no industry expertise—it is a strategic evolution under a leader who knows the business inside out. The real question is: Do we want to keep business as usual, or do we embrace a future where South Africa’s economy reflects its people? #AskAsanteOnBoards

@FosterNamibia @WilsonShikoto

PAID TRANSLATORS WANTED We are currently working on an exciting project that requires written translation into several local languages. As such, we are looking for two individuals to translate written material to the following local languages: -Oshikwanyama ( x1) -Silozi (x1)

@Ohamutumwa Did Indila also go? Should I come get her?

I told the twins that they are going to the north for the holidays & they were so excited, vati they miss flying (MeeLoide and I just laughed), just for them to be taken to the Swapo Yellow buses this morning. They arrived safely. 😂

@BarbaraIitah Sometimes they judge based on the structures in the house (eg Buildings) what If the funder of the building died, doent live there or contribute to the livelihoods of the people that live on the home?.

Serious question. What do you mean a house cannot receive drought relief food because “there are 2 teachers from that house”???????? Mind you, those 2 teachers don’t stay in that house😒. What do you mean? Who comes up with these rules?

@S_560_V8 @AfricaFactsZone Tanzania is visa free to Namibia. They should put Kenya with their new ETA regime

@AfricaFactsZone Good USA is there and European countries

Namibia is set to revoke visa free access for citizens of other countries, who don't reciprocate the good gesture to Namibian citizens. This comes after the UK revoked visa free access for Namibian citizens.

Alzheimers is a mostly preventable disease that affects millions. It can start to take shape in your 30s 👀 Roughly 1% is hereditary. That means 99% is more in your control than you think. Here's what you can do to prevent one of the world's most intense incurable diseases:

@Nalofoxy I am both. It depends on my mood 😅 At most functions I will showup and help but If the weather dictates I can also show up as a guest… And not give fokol 😅

I need a spell of not giving fokol,the type that gives you balls to come @ a close family function late afternoon just in time for celebrations & you head straight to the main tent,the type were other kids must cook & feed your parents,kids, grandparents while you enjoy softly!

What a LOSS… To his Family & Friends. To the Banking community. To the Business Community. To the country. What a loss… Rest Easy Koneka 🙏🏾 #EternallyIindji

@JuniorBuffett Can t a q ray we

SA Government Bonds will be available on the EasyEquities platform before the end of the month. "Our initial offering spans various maturities, from 3 to 25 years, currently providing yields between 8.9% and 12.3%"

Our Baby Girl Representing ♟️😍♟️

@gwaShuuya_4th @crazynellz Part of “Jimmy construction” portfolio. Some of their complexes went under the hummer a few year ago. This was one of their last developments at the time they build Am Weinberg

@crazynellz This is an interesting point shaashi, some other shady stuff been happening. Hmmmm…

Property folks, what does it mean when so many apartments in a complex are being sold on auction??

@madamannely @IntercapeBus I wander if it’s allowed too? NABTA should probably look into it. They are treating us like second class citizens.. cc @namibiansun @TheNamibian

@Itsmy_DNA @IntercapeBus It’s really disappointing considering the fees people pay @IntercapeBus people are packed in a bus like fish in a can. I wonder whether this change in capacity is even allowed by law and was this also done on South African buses.

@IntercapeBus Did you guys replace your two seaters to 3-seaters on your buses between Windhoek-Oshakati/ondagwa ? The seats are much smaller and compact… 🤦🏽‍♀️

@IntercapeBus Can people just change the number of seats on a bus as the please? This company was build on Christian family values. But it seems greed has taken over…. @IntercapeBus

If that is the case @IntercapeBus let four customers know before hand so we can avoid such inconvenience!! Also lower your prices since you want to pack people like goats on your buses. 🙄 what are the regulations requirements on long-distance busses?

@TinaShange It didn’t give me any. And I generally have a problematic (acne prone) skin… Also not too oily.

Ladies is the Maybelline Fit me foundation worth it? Does it cause any breakouts? Kindly share honest reviews.

@crazynellz We need safe houses that allow people to drop off unwanted children without judgement esp in the North. Ideally stationed near a hospital. Even if it’s on temporary Basis. 😢

@pages_and Equally devastating, but On my Black Sisters Street is brutal. It surely “haunted” me weeks after…

Once more, kindly indulge me. Without commenting on the other one, which of these two wonderful books did you enjoy more and why?

@AuntyBae1 Whomever said it’s the most important meal of the day didn’t know what they were talking about 😂😅