We always knew it was likely that Michael Jordaan’s post-FNB career would include startups. Now we can confirm that this is actually the case and we can put a name to the investment vehicle he’ll be heading up: Montegray Capital.
The company, which is based in Stellenbosch, will reportedly open its doors in January 2014 and begin investing in disruptive technologies and business models.
To start, there will only be two staff members: Jordaan himself and Atka Young, a credit analyst at FNB South Africa. This, Jordaan told Business Tech, is because he wants to keep the operation as lean as possible.