Creating powerful partnerships.

‘Bud is an enabling platform that allows our businesses to grow and develop in a permanent home.’

Andy Leith
CEO The Bud Group


Glynn Burger


  • Glynn is a CA(SA) and also has a Master’s in Business Leadership.
  • Glynn joined Investec in 1980 and was the group Risk and Finance Director until April 2019.
  • He has served as a non-executive director of The IEP Group since its formation.

Ian Forbes


  • Ian obtained a National Higher Diploma in Metallurgy as well as an MBA.
  • He previously held various roles at Ferroform Foundries and Polyfoil Packaging and was President of Plastibag Inc and Executive Director at Sappi Ltd.
  • Ian served as CEO of Ferro SA for 12 years before taking on the role of CEO of Synchem on its formation.
  • Ian assumed the role of Deputy Chairman, Bud Chemicals and Minerals from 1 August 2018.

Jo Grove


  • Jo qualified with an Advanced Masters Programme from Oxford.
  • He has vast experience in both finance and banking, serving on the boards of MLS Bank and Imperial Holdings. He was previously Chief Executive of both Unitrans Limited and KAP Industrial Holdings Limited (KAP).
  • He currently serves as non-executive chairman of Bud Industrial Services and has served as a non-executive director of The IEP Group since its formation.

Stephen Koseff


  • Stephen is a qualified CA(SA).
  • Stephen joined Investec in 1980 and currently serves as the Group CEO of Investec Bank Limited and Investec Bank plc.
  • He has also held various directorships including for The Bidvest Group Limited, was former director of the JSE and chairman of the South African Banking Association.

Andy Leith

CEO The Bud Group

  • Andy is a qualified CA (SA) with over 25 years experience in all aspects of M&A and equity market activity.
  • He joined Investec in 1994 and went on to become joint Managing Director of Investec South Africa and International Head of Investment Banking.
  • Andy became CEO of The IEP Group in 2016 and currently serves as CEO of The Bud Group (Pty) Ltd.

Stephen Saad


  • Stephen is a qualified CA(SA).
  • With over 25 years of commercial and pharmaceutical experience, he previously founded Covan Zurich and subsequently Aspen Pharmacare where he currently serves as CEO.
  • He has served as a non-executive director of The IEP Group since its formation.

Nkunku Sowazi


  • Qualifications: BA (United States Int’l University), MA (UCLA).
  • Nkululeko is the chairman of Kagiso Tiso Holdings (KTH) and in 2001 was a co-founder of the Tiso Group.
  • He has over 20 years’ experience in investment and operational management.
  • He has previously served on a number of JSE listed companies.
  • He currently serves as non -executive chairman of Bud Chemicals and Minerals.

Andre van de Wetering


  • Andre qualified as a CA(SA) in 2002.
  • Andre became the CEO of Afrit (Pty) Ltd and the Afrit Group in 2005 and has held the position since 2005.
  • Served as an Executive Director on the Board of Bud Industrial Services.

Richard Wainwright


  • Richard is a qualified CA(SA).
  • Richard joined Investec in 1995, was appointed South African Head of Investec Corporate and Institutional Banking in 2001 and currently serves as the CEO of Investec Bank Limited.

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