In January 2011, Hangala Capital, together with its shareholding partner Nineteen Nil Four Holdings (Pty) Ltd, teamed up in a ground-breaking partnership with Prescient Holdings, a Cape Town-based global investment manager that offers leading innovative investment solutions to its clients.
As a result, two entities, registered with NAMFISA, namely HangalaPrescient Investment Management (Pty) Ltd, which was registered as an Investment Manager providing portfolio and administration management services, as well as HangalaPrescient Unit Trust Ltd, providing collective investment schemes.
Hangala Capital is a financial arm of Hangala Group and is involved in asset management and private equity businesses. Hangala Capital currently manages four-unit trust funds, namely: the Hangala Capital Money Market, Income Provider, Absolute Balanced and Corporate Funds.
Now, Hangala Capital has confirmed a rebranding exercise under which the names of these two investment entities will be changed to Hangala Capital Investment Management (Pty) Ltd and Hangala Capital Unit Trust Ltd, respectively, effective 1 March 2021. In the case of Hangala Capital Unit Trust Limited, there is also a corresponding change to the names of its unit trust portfolio funds.
However, Hangala Capital’s clearly defined investment processes are to remain unchanged, as the relationship with Prescient will continue. Prescient remains the Technical Partner providing portfolio and administration management services and thereby ensuring continued quality and security across the range of services provided by Hangala Capital Investment Management.
Announcing the changes in branding, Trophy Shapange, managing director of Hangala Capital, said: “Our market study confirmed that evolving our name, rather than completely changing it, helps us to take the next step on a journey to which we remain passionately committed – the journey of creating wealth for Namibians in particular, and the Namibian economy in general. We will continue adhering to the same philosophy that has brought us this far, namely: protection of invested capital and focusing on delivering superior risk-adjusted returns across a range of investment mandates of those who have trusted their capital in our care. We do so by drawing on the best resources available internationally and applying them locally to develop Namibian capacity and Namibian solutions for our clients and stakeholders. We look forward to continuing our partnership with Prescient and to working with the Namibian investment community in delivering services meeting the highest standards of innovation and trustworthiness”.