Gradidge-Mahura Investments grows financial literacy

The Story

This is what lies at the core of Gradidge-Mahura Investments: a client base of which they are immensely proud, and the fact that they have built a South African business whose assets come from across the population, age, and gender spectrum.

Both Craig Gradidge and Kagisho Mahura were born with the spirit of entrepreneurship flowing through their veins, and both, at a young age, took to business like ducks to water. As a child, Craig was always looking for opportunities to make money, be it working as a paper delivery boy, or an usher in the “bioscope”. Young Kagisho followed suit, and was frequently found “hustling” his wares in the stands at football matches. Fast forward a few decades, and Craig and Kagisho head up hugely successful wealth management company, Gradidge-Mahura Investments.

At the end of 2007, during the season of public BEE deals, Craig and Kagisho both read a statistic which stated that the average financial advisor in South Africa was 52 years old, white, male and Afrikaans. The market, on the other hand, was young, black and professional. They jumped at the chance to start changing the conversation. Their dream was to tell South Africans about investment deals, and educate them on wealth creation in general, but with one big difference:  they would not go the traditional route of selling expensive products which paid them quickly, yet was no good for their clients. They specifically structured their business so that their clients were at its centre.

By employing a collection of young people in the business, they are hoping to inspire a younger generation of South Africans investors.

Gradidge-Mahura Investments are also actively working towards changing the narrative around the notion that mattress banking is the best banking, and are passionate about improving financial literacy in the country. South Africans are notorious for not saving, with eighty percent of income going to servicing debt. Only six to ten percent of South Africans retire comfortably, which is a statistic Gradidge-Mahura Investments are intently trying to improve. By employing a collection of young people in the business, they are hoping to inspire a younger generation of South African investors.

Masedi Molosiwa, director of Mr Concierge, had to, as an upstart, face many uncertainties and risks. Through partnering with Gradidge-Mahura Investments, however, he no longer needs to fret about the future, as they are ensuring that he mitigates all the risks he is taking. Tebogo Kukama, co-founder of Moteko Construction Cost Consultants and Project Managers, concurs and appreciates the personal relationship they have built with the wealth management company, since starting their employee provident fund in 2008.

Gradidge-Mahura Investments have been in business for just over ten years, and have increased the amount of client money they manage from a mere R10 million in year one, to a currently staggering R950 million. Their clients range from cleaners to CEO’s, and Craig proudly regales the story of how he purchased shares for a security guard at their apartment building, and when they subsequently shot up in value, he earned more that month than he had in his entire life.

This is what lies at the core of Gradidge-Mahura Investments: a client base of which they are immensely proud, and the fact that they have built a South African business whose assets come from across the population, age, and gender spectrum. Kagisho states that South Africans generally don’t care how black or white a business is; all they want at the end of the day is expertise, advice and good service. And this is exactly what they find at Gradidge-Mahura Investments.

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Rewriting The Financial Landscape

“South Africans are notorious for not saving enough,” says Kagisho Mahura, Executive Director, Gradidge-Mahura Investments.

Only six to ten percent of South Africans retire comfortably and that is a statistic Gradidge-Mahura Investments are intently trying to improve.

3 minute short summary

Gradidge-Mahura Investments changes SA wealth management landscape

This is what lies at the core of Gradidge-Mahura Investments: a client base of which they are immensely proud, and the fact that they have built a South African business whose assets come from across the population, age, and gender spectrum.

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Supporting Entrepreneurs

Masedi Molowisa, director of Mr Concierge, had to, as an upstart, face many uncertainties and risks. Through partnering with Gradidge-Mahura Investments, however, he no longer needs to fret about the future, as they are ensuring that he mitigates all the risks he is taking.

A Partner In Employee Benefits

Moteka Projects appreciates the personal relationship they have built with the wealth management company, since starting their employee provident fund in 2008.

Growing Financial Literacy

Gradidge-Mahura Investments are actively working towards changing the narrative around the notion that mattress banking is the best banking, and are passionate about improving financial literacy in the country.

Providing For A Comfortable Retirement

Gradidge-Mahura has specifically structured their business so that their clients were at its centre, and are passionate about improving financial literacy in the country.