iMazi is a xhosa word for a heifer, a young cow. In the old days, wealth was identified by the quality and size of the cattle herd. A heifer grows over time, produces off-spring and milk, and is therefore a good long term investment. The offspring in investment terms implies profit growth while milk implies dividends. The heifer is sold at the end of its life, realising a capital gain. Mazi Capital (Pty) Limited is a fund management company owned and managed by Malungelo Zilimbola. Malungelo (38) was a director and senior portfolio manager at RMB Asset Management prior to starting Mazi Capital in October 2006. Mazi Capital was one of the first black owned hedge fund management companies in South Africa. The company is licensed as a Financial Services Provider in terms of section 8 of the South African Financial Advisory and Intermediary Services Act, 2002 (Act No 37 of 2002.). FSP licence no 27404. Mazi Capital was subsequently licensed as a Hedge Fund Financial Services Provider (Category 2A). In October 2006, Mazi Capital and Visio Capital entered into a 51%/49% joint venture, namely the Mazi Visio ManCo (Pty) Ltd. Mazi Capital now manages a suite of funds that include hedge funds, long-only mandates and a unit trust.