# Perpetua Investment Managers

Perpetua Investment Managers is an Asset Manager based in Cape Town, South Africa.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Cape Town, South Africa
- **Region:** Africa
- **Address:** 5th Floor, The Citadel, 15 Cavendish Street, Claremont, Cape Town, 7708, South Africa
- **Founded:** 2012
- **Assets under management:** Undisclosed
- **Website:** perpetuaim.co.za
- **LinkedIn:** linkedin.com/company/perpetua-investment-managers-pty-ltd

## Regulatory record

- **Reports private funds:** No

## About

Perpetua is an independent, 100% owner-managed investment management firm founded in 2012 and based in Cape Town, South Africa. It is a majority black and women-owned firm that acts as a global investor using emerging markets perspectives across asset classes and markets. Its approach centres on bottom-up fundamental research, value-oriented investing, and a long-term, risk-managed process as stewards of client capital.

## People

- Delphine Govender — Co-founder and Chief Investment Officer
- Logan Govender — Co-founder and Executive Director
- Patrick Ntshalintshali — Executive Director and Portfolio Manager
- Lonwabo Maqubela — Deputy Chief Investment Officer and Portfolio Manager
- Raymond Ndlovu — Non-Executive Director

## Questions

### Who runs investment decisions at Perpetua?

Delphine Govender is Co-founder and Chief Investment Officer. She was previously a Portfolio Manager and Executive Director at Allan Gray. Patrick Ntshalintshali (Executive Director and Portfolio Manager) and Lonwabo Maqubela (Deputy CIO) share portfolio responsibilities. The firm operates as an owner-managed partnership where senior investment professionals make collective decisions.

### What is the investment philosophy at Perpetua?

The firm uses bottom-up fundamental research to identify mispriced, undervalued securities. It runs concentrated, high-conviction portfolios and explicitly prioritizes mitigating permanent downside risk over short-term relative performance. The flagship fund is the Perpetua SCI Equity Fund, categorized as aggressive risk.

### How does Perpetua define and report stewardship?

Perpetua explicitly links its stewardship to South Africa's 2020 Stewardship Code — 'the responsible allocation, management and oversight of capital to create long-term value for clients and beneficiaries leading to sustainable benefits for the economy, the environment and society.' The firm publishes an annual Stewardship & Sustainability Report; the December 2025 edition is its most recent.

### What is Delphine Govender's role in the broader South African investment industry?

She serves on the board of ASISA, is a former president and current prominent member of the CFA Society South Africa, sits on the executive committee of YPO Cape Town, and maintains active engagement with ABSIP. These roles place her within the governance infrastructure of South Africa's institutional asset management community.

## Related profiles

- [Perpetua Holding](https://altss.com/profile/perpetua-holding)
- [Perridon Ventures](https://altss.com/profile/perridon-ventures)

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Last updated: 2026-08-11T15:07:41.444Z

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