Meet Our Team

Shamil Ismail


Before founding Primaresearch, Shamil was the Head of Research at BNP Paribas Securities South Africa. He is a highly rated research analyst, and was rated first in Innovative Research in the 2017 Financial Mail Analyst of the Year rankings. He was also awarded the Absip Research Analyst of the Year in 2014. Shamil is a Chartered Accountant (SA) and a CFA charter holder. He has more than 25 years of work experience, of which the earlier part of his career was spent working at retailers including Woolworths and Clicks.

Craig Whittle


Craig is responsible for business development and special projects. His experience spans asset management, where he was an analyst and portfolio manager , investor relations and industry, where he was the CFO of a JSE-listed small-cap company and the CFO of an unlisted pan-African consumer finance business with operations in Ghana, Kenya and Zambia. Craig is an experienced chartered accountant, having worked for PwC in London and Deloitte in South Africa.

Malose Mamashela

MSc Eng., BSc Eng., BCom Hons (FAPM)

Malose joined Primaresearch in 2020. She has over 10 years of experience as a capital projects senior process design engineer in the petrochemical industry. Malose has a BSc in Chemical Engineering from the University of KZN and an MSc from UCT. She recently obtained a BCom (Honours) degree in Financial Analysis & Portfolio Management from UCT in which she completed her thesis titled "Yield Curve Construction using Cubic Spline Methodology” cum laude.

Clemence Mungwariri

MSc (Physics)

Clemence joined Primaresearch in 2020 as a Data Scientist. He has a BSc in Physical Science (UWC), an Honours degree in Astrophysics and Space Science (UCT) and holds an MSc Physics degree from Rhodes University.

Steyn Jacobs

BAcc (Financial Accounting)

Steyn joined Primaresearch as an Equity Analyst in 2021. He holds a Bachelor of Accounting Sciences degree in Financial Accounting (cum laude). Steyn has successfully completed the CFA Level 1 examination.

Luke Bredeveldt

BBusSc (Finance with Accounting)

Luke joined Primaresearch in 2021 as a Research Analyst. He holds a Bachelor of Business Science degree in Finance with Accounting (undergraduate honours).

Maddie Opperman

BCom (Investment Management), BAccSc Hons (Management Accounting)

Maddie joined Primaresearch as an Equity Analyst in 2021. She holds a Bachelor of Commerce degree in Investment Management and a Bachelor of Accounting Science Honours Degree in Management Accounting.

Kobus Kotze

MCom Investments

Kobus joined Primaresearch in 2022 from Autus Fund Managers where he was Head of Research for three and a half years. Prior to this, he was a Hedge Fund Manager at Khulalonda Asset Managers and Matrix Fund Managers. Kobus was twice nominated under the top three best Market Neutral Hedge Funds by Hedge Africa. The earlier part of his career was spent working at Standard Bank stockbroking where he was Head of Equity Research Sales as well as a top-three rated Technical Analyst. Kobus has more than 30 years of experience in the financial markets.


Primaresearch has a strong record of developing analysts who subsequently further their careers in the Investment industry. Some of our alumni include:

  • Jasmine Lin BCom Hons (Actuarial Science). Jasmine progressed to Sanlam Investment Management as a buy-side analyst in 2021.
  • Ian Brink BSc Eng (cum laude), MBA, CFA. Ian progressed to Argon Asset Management as a Senior Analyst in 2021.
  • Thambo Mthwalo BCom Hons (Economics). Thambo progressed to Citadel Wealth Management in 2021.
  • Tumi Makoah MSc Med, PDM. Tumi progressed to an equity sales role at the global bank HSBC in 2019.
  • Ryan Mupfudze BSc (Mathematical Statistics). Ryan progressed as an equity and currency trading analyst at Kaon Capital in 2018.