Kholo Capital and Tensai Fund Isambane Mining Buy-Out

On April 7, 2026, Kholo Capital and Tensai announced their joint provision of R275 million in mezzanine debt funding to support a management buy-out (MBO) of Isambane Mining. This deal allows Isambane's management team to acquire full ownership, bolstering operational control and future growth prospects.

Isambane, established in 2005, is a prominent South African mining contractor offering opencast services. The mezzanine package includes R200 million from Kholo Capital and R75 million from Tensai Private Equity. This transaction enhances black ownership and strengthens Isambane's position in the mining services sector.

Kholo Capital's Founders, Zaheer Cassim and Mokgome Mogoba, emphasized the transaction's role in aligning management and ownership, thus ensuring sustained growth. Tensai expressed commitment to supporting the experienced leadership in transforming South Africa's mining industry.