Managing Director, BuMa Investment Holdings
Elias Masilela is a prominent South African economist, investor, and policy strategist with extensive experience spanning government, corporate leadership, and impact investing. He is currently the Managing Director of BuMa Investment Holdings, a family investment business, and plays a leading role in shaping South Africa’s economic and social development agenda.
Current Leadership Roles
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Chairman:
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DNA Economics
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Capital Harvest
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National Task Force on Impact Investing in South Africa
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Convenor: Number 43 Trelawney Park; kwaMagogo (family foundation)
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Board Memberships:
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Multichoice Group & Multichoice SA
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Alternative Prosperity Holdings
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Future Planet Capital (United Kingdom)
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Strate
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CA Sales
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Global Engagement: Member of the Global Steering Group (GSG) on Impact Investing
Previous Roles
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Government & Policy:
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Commissioner, 1st & 2nd National Planning Commission
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Acting Deputy Director General (Economic Policy), National Treasury
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Director of Research, Central Bank of Swaziland
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Corporate Leadership:
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Chief Executive Officer, Public Investment Corporation (PIC)
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Head of Policy Analysis, Sanlam
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Board Service:
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South African Reserve Bank
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Government Employee Pension Fund
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Airports Company South Africa
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UN Global Compact Board & Chairman of the UNGC South Africa Local Network
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Education
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BA in Social Science – University of Swaziland
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MSc in Economic Policy and Analysis – Addis Ababa University
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Professional certificates – Harvard University
Key Legacy
Elias Masilela’s career reflects a rare blend of economic policy expertise, corporate governance, and impact investing leadership. From steering South Africa’s Public Investment Corporation to shaping national planning policy, and now championing sustainable investment through BuMa and global platforms, he has established himself as a leading voice in responsible finance and inclusive growth.
