RF Investments is committed to enhance its business capabilities as an investment company, exploiting all elements of success in the investments market.
RF Investments was established in 2009 by ICT entrepreneur Lucky Khumalo. After gaining extensive experience at several highly respected local and multinational organizations, Lucky collaborated with his brother Nkosinathi Khumalo and partner Eben Klynsmith in 2000 to create Mthombo IT Services (M-IT) – one of the few black empowerment businesses focused on IT managed services and infrastructure support at the time.
M-IT grew from seven to 400 employees within five years and was self-funding within its first year of operation. The trio also formed intelligent – strategic alliances that rapidly catapulted the business into a 100% black owned South African ICT leader. These alliances included an investment affiliation with Dimension Data, an ISO9001:2000 certification and service partnerships with industry stalwarts such as HP, Compaq, Microsoft, and Fujitsu Siemens.
The company’s growth and success were recognized with several accolades, most notably in 2004 when M-IT was awarded the title of South Africa’s Top Black ICT Company by Forge Ahead and the Department of Commerce. In 2005 M-IT merged with the JSE-listed technology, outsourcing and consulting group EOH creating one strongest empowered ICT players that now employs over 3000 people and it has a turnover of more than R3billion annually. Lucky was appointed Deputy CEO. Subsequent to the merger, EOH Mthombo established the Mthombo Empowerment Trust. 32% of the total shareholding of the EOH group was distributed to black ownership, which resulted in true long-term realization of wealth and ownership for its shareholders and employees.
EOH continues to enjoy steady growth and outstanding financial performance and is recognized as one of the country’s Top five IT companies. Although Lucky remains a strategic Non-Executive Director of the Group, he left EOH in May 2010 to grow his investment and empowerment business interests through RF Investments.
RF Investments has within a short time established itself as a credible financial sound 100% black owned and managed diversified investment player with a sizable portfolio of investments. The organization invests into organizations that are true green field – such as Serengeti Beef entrepreneur and where we can add value through our vast experience.