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RHM is an FSB registered category II fund manager and private investment firm founded by Quinton Zunga.

RHM focuses on private equity investing aimed at growing Africa’s healthcare and impact investing sectors.

RHM believes in taking a long-term view and invests in businesses at all stages of their development – from start-ups to supporting growth in developing companies to complex recapitalisations or large-scale buy-outs of mature businesses.

RHM is the fund manager for the RH Group, which comprises RHM, RH Bophelo and RQ Capital Partners.

35 hospitals and four
ancillary service companies

About 3100 hospital

RHM has invested in more than 35 hospitals and four ancillary service companies, in and around South Africa, amounting to about 3100 hospital beds.


To encouraging efficient use of resources

To minimising our contribution to climate change from our direct operational activities and indirectly through our investee companies

To promoting equal opportunities

To ensuring a high and sustainable employment level

To contributing to the personal development of employees

To providing a safe and healthy working environment for employees

To eliminating or mitigating conflicts of interest

To encouraging corporate fairness, transparency and accountability

To managing risks effectively

To committing to values and ethical conduct

We adhere to the following United Nations Sustainable Development Goals:


As a Level 1 B-BBEE organisation with 58 percent Black ownership, 50 percent of which is Black women owned, RHM is committed to transformation in Africa. This includes a firm stance on ethical business conduct and responsible investing. We are committed to the local communities in which we invest and this extends to our charitable programmes, community outreach and volunteer initiatives funded by RHM Foundation.

The Foundation is dedicated to environmental, social and governance good practices and makes use of the appropriate Environmental and Social Management Systems (ESMS) to manage the environmental and social implications of its portfolios.



RHM launches its first private equity fund, Razorite Healthcare and Rehabilitation Fund I. The Fund’s mandate is to invest in infrastructure to increase the accessibility and affordability of healthcare and rehabilitation facilities in South Africa.


RHM is appointed as the transaction advisor to the Mpumalanga Growth Agency and plays a pivotal role in developing the R10 billion Provincial Infrastructure Fund. The fund is responsible for large public infrastructure such as healthcare, roads and education in the province.


RHM founds and lists RH Bophelo (RHB) as a Special Purpose Acquisition Company on the Johannesburg Stock Exchange (JSE). The 100% black-owned investment, with the sole purpose of transforming the healthcare industry, capitalised for R500 million on the day it opened.


RHM successfully launches the Razorite Healthcare and Rehabilitation Fund II. The R2,5 billion fund focuses on investing in healthcare infrastructure.


Our company secures the initial commitments on a US$100 million Razorite African Fund. The Fund will invest in healthcare opportunities in Sub-Saharan Africa. 


RH Bophelo cross-lists on the Rwanda Stock Exchange as part of its expansion strategy into East Africa. This was the ninth company to list on the Rwanda Stock Exchange and the first cross-listing from outside East Africa.


RHM launches the $100 million Razorite Africa Fund to focus on the “target jurisdictions” of Tanzania, Namibia, Zambia, Zimbabwe, Kenya, Angola, Botswana, Swaziland, South Africa, Uganda and Rwanda.


RH Bophelo celebrates five years of listing on the Johannesburg Stock Exchange!