Prominent figure in SA investment industry probed over made-up qualifications

A prominent investment company – which manages R1.6 billion in assets from Telkom and some municipal pension funds, as well as Alexforbes and a UK government financier – has been rocked by a fake qualification controversy.

Langalezwe Madonko, who is co-founder and investment principal of private equity company Summit Africa, confirmed that he does not have the range of qualifications claimed on his CV, including from the prestigious London School of Economics (LSE).

Despite these being listed prominently in numerous versions of his biography, Madonko also confirmed to News24 that he has never worked for McKinsey & Co and JP Morgan.