Our Company
Magoba Risk Solutions Group is a registered provider of outsourced administration services to formal and informal burial societies in South Africa. Magoba secures transactions that relate to member payments made to a bank of the burial society. The company also offers reporting capabilities to assist the executive committee in managing its affairs. Additional value added services will be offered to member societies in due course, and the intention is to build related stand-alone entities within the group.
Magoba Risk Solutions Group provides ad hoc management consulting services to both private and public sector companies. The organisation provide this consulting by identifying gaps in the organisation value chain and provide fit for purpose solutions.
The group also provides financial products through its subsidiary namely Africa First FS (PTY) Ltd.
Purpose
Magoba’s goal is to become the leading provider of state of the art administration services to burial societies in South Africa by providing automated premium management, communication and custody services to member societies.
We also provide funeral plans through our subsidiary Africa First FS (PTY) Ltd. The primary objective of this company is to provide highly relevant financial products to African communities.
Founder
The founder and Managing Director of the Magoba Group is Mr Xhanti Mkungeki. Xhanti has extensive experience in managing system implementations in both the public and private sectors. He has over 15 years’ experience in the financial services, Internet, telecommunications and health insurance industries. He grew up in the rural Eastern Cape and after graduating from university, worked in Johannesburg for a number of years before settling with his wife in Cape Town. He is a father to three sons, the oldest is 10, and twin boys are aged 9. He is an enthusiastic supporter of burial societies, recognising the beneficial role they have played, and continue to play, in South African society.
Xhanti and his partners are committed to establishing a viable business that can provide a service which will enhance the benefits and, using modern technology, reduce the risks traditionally associated with burial society membership. He also sees significant opportunities for additional financial products to be marketed to members as the business expands.
