Former First National Bank CEO Michael Jordaan, who joined the board of social network Mxit as chairman in September 2013, has acquired a stake in AngelHub Ventures, a Cape Town-based company that provides seed funding to start-up businesses.
Kevin Harris, who has worked in equities trading at Rand Merchant Bank, both in South Africa and in London, has co-invested with Jordaan.
Jordaan and Harris replace original investors Keet van Zyl and Andrea Bohmert, who are now focused on a new venture called Knife Capital.
Full story – http://www.techcentral.co.za/michael-jordaan-in-investment-venture/46496/