Legacy of Vision, Foundation of Growth
History of New GX Capital
New GX Capital was established in 2005 with a vision to create a black-owned investment company that can create shareholder value through its active asset management strategy, with a focus on long-term, sustainable growth.
The company’s journey began with the support of Absa Capital, a division of Absa Bank Limited, that enabled New GX to acquire a strategic stake of 37.3% in CIE Telecoms now known as CIVH. The investment led to the founding of Dark Fibre Africa (DFA) which is today, the leading open access fibre network in South Africa. The investment has led to over R30 billion in fibre investments in South Africa.
In 2012 it created the first privately-owned terrestrial link of undersea cable in South Africa through Seacom and Eassy in Mthuzini in KZN. New GX Capital’s mission is to contribute to the development of critical infrastructure across South Africa and beyond region. The company’s recent investments in SPS investments and Fungi Energy has positioned it as a relevant investor in the energy and utilities sector.
The group is shifting its focus on digital, clean tech and private equity platforms to create a private equity asset manager with over R17bn of assets under management.