Duncan Raftesath: Chief Executive Officer: Wits Enterprise

Duncan is the Chief Executive Officer of  Wits Enterprise –  a wholly owned subsidiary of Wits University that provides services in the areas of short course training, contract research, consulting, innovation and entrepreneurship.  He is an experienced manager and investment professional and has a background in chemical engineering.  His investment experience is spread between the stock market and the very early stage technology development and venture capital space.  His career spans the private sector, the public sector and the education sector.  He is a non-executive director of start-up and very early stage technology based companies.

At Wits Enterprise he has turned a loss making disparate group of people into synergistic teams that are steadily growing the University’s impact on society.  Prior to that he was the senior investment professional in the Technology Innovation Agency (TIA) responsible for the overall leadership of the investment function.  He joined the TIA from the Innovation Fund where he was the joint Director as well as the head of the Fund’s Commercialisation Office.

He worked as an equity analyst with JP Morgan in its Johannesburg office where he was responsible for the analysis, modelling and valuation of companies and industries in the Oil and Gas, Chemical, Pulp and Paper, Steel, Mining (Iron Ore, Coal, Zinc, Titanium), Leisure and Hotels and Financial Services sectors and for the marketing of the analysis to institutional investors in South Africa, United Kingdom, Europe and the United States.

He started his working career as a chemical engineer with AECI Limited where he worked on all engineering aspects from process technology development through basic engineering, detailed engineering, construction, and commissioning under both greenfield and brownfield conditions in projects covering coal gasification, coal based ammonia and methanol, coal based synthetic fuels, lysine, food grade phosphoric acid, formaldehyde, penicillin and various fine chemicals.

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