In January 2012, Mvelaphanda Holdings, OZ Management (a subsidiary of Och-Ziff Capital Management Group) and Palladino Holdings announced the creation of a joint venture called Africa Management Limited, which will also see the creation of African Global Capital, a platform through which to invest in public and private markets across Africa.
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Mvelaphanda has been the subject of repeated scrutiny due to its involvement with Palladino Holdings in a suspicious USD25 million loan that disappeared that was originally intended to start up a state mining company.
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