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CityMedia > People > Andile Khumalo Biography: Age, Career, Membership & Net Worth
People

Andile Khumalo Biography: Age, Career, Membership & Net Worth

Jonathan Makhanyah
Last updated: 10/11/2024 2:25 AM
By Jonathan Makhanyah
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Andile Khumalo is a Chartered Accountant and entrepreneur. He was born on 9 March 1978. He is also the managing director of Power FM, and the founder of MyStartUp.

Contents
Andile Khumalo AgeAndile Khumalo CareerAndile Khumalo MembershipNet Worth

Andile graduated in 1995 from Newlands East Secondary school. In 1999, he received a Bachelor of Commerce in Accounting from the University of Natal.

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Andile Khumalo

Andile Khumalo Age

He was born in Durban on March 9th, 1978. He will be 46 in 2024 and she will celebrate her birthday every year on the 9th of March.

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Andile Khumalo Career

September 2014 – Present: Managing Director at Power FM.

June 2013- present: Founder and CEO of MyStartUp

  • MyStartUp (www.mystartupsa.com), is an online platform that seeks to find, develop and support aspiring and existing entrepreneurs in South Africa.

June 2007-present: Chief Investment Officer at MSG Afrika Investment Holdings.

  • MSG Afrika, a media group owned by blacks, has interests in POWER FM and Capricorn FM. It also owns Quizzical Pictures, The Communications Firm & MetropolitanRepublic.

From September 2012 to September 2014, I was a Non-Executive director of South African Airways.

September 2009-September 2011: Vice President of the Association for the Advancement of Black Accountants of South Africa.

April 2006 – June 2007: Non Executive Director at Wellco Health Limited.

  • Wellco Health, a JSE listed neutraceuticals firm, owned brands like KGB, which is a hangover prevention product, SuperStars – a food supplement for children – and Herbology – a nutritional supplement range. BioScience Brands was the new name of the company after it was taken over.
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October 2004- February 2006: Partner at Siyaya Management Services.

  • Siyaya Management Services, based in Durban, Johannesburg & East London was a financial consulting firm founded by a group Black Chartered Accountants including Andile Khumalo in 2003.
  • It served public and private sector clients with internal audit, accounting taxation, and corporate advisory. Andile left the business at the beginning of 2006, and the founding partners sold the practice in 2008 to Deloitte.

April 2003 – October 2004 Corporate Finance Advisor, Investec Limited.

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Senior Auditor, Houston, TX USA, Deloitte & Touche, January 2003 – March 2003

Trainee accountant at Deloitte & Touche, January 2000 – December 2002

Andile Khumalo Membership

December 2010 to December 2014: Member, Takeover Regulation Panel

  • Takeover Regulation Panels (TRPs) are responsible for regulating all transactions and offers that may be affected, including large mergers & acquisitions in South Africa.

From June 2012 to June 2013, I was a member of the South African Institute of Chartered Accountants.

March 2012-March 2013: Treasurer for The Black Business Council.

From January 2008 to December 2012, I was the Chairman of Metropolitan Republic

October 2008-March 2011: Alternate member of the Directorate of Market Abuse

Net Worth

His estimated net worth is $3 million, which he earned as an entrepreneur.

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