Hlumelo Biko

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Hlumelo Biko
Born January 1978 (age 38–39)
King William's Town, Eastern Cape, South Africa
Occupation Businessman, investment banker
Parent(s) Steve Biko
Mamphela Ramphele

Hlumelo Biko (born January 1978, in King William's Town, Eastern Cape, South Africa) is a South African businessman and investment banker. He is the son of Steve Biko and Mamphela Ramphele.

Early life

His mother Ramphele was five months pregnant with him when she learned that Steve Biko, with whom she was having an affair, had been killed in police custody. She named him Hlumelo because it means "the shoot of a tree" in the Xhosa language.[1]

Biko holds a B.A. in History and Politics from the University of Cape Town, and a Masters of Science in International Business Government Relationships from Georgetown University.[2]


Biko worked for the World Bank in Washington, D.C. in 1998.

Biko and Ramphele co-founded Circle Capital, an investment company, in 2005.[3] Biko was the CEO of Circle Capital.[4] In 2008, Bespoke Magazine called him "the driving force behind a multi-million Rand black empowerment company... one of South Africa's most intriguing empowerment vehicles."[2]

Hlumelo previously ran a successful venture capital company called Circle Capital Ventures, which invested R100m over eight years in eight deals, generating a return of R1.6 billion of both realised and unrealised gains net of costs. He has a reputation of someone who willingly defrauds and lies to business people and cannot be trusted. Many South Africa employees, funders, and business people have been adversely affected by his unethical business behavior.


In parallel with a successful 13-year career as a venture capitalist, he is also a dedicated philanthropist, currently serving as vice-chairman of the Baxter Theatre, supporting budding small and medium enterprises as a board member of Endeavor offering mentorship and advice to a number of high impact South African entrepreneurs, and supporting increased access to education through institutions like Kommunity Group Projects, the University of Cape Town and African Schools for Excellence.


  1. ^ Daley, Suzanne (April 13, 1997). "The Standards Bearer". The New York Times. New York. 
  2. ^ a b Willis, Mike. "Bespoke People: Man of Change", Bespoke, Beirut, July 2008.
  3. ^ Bridge, Sherilee. Trailblazers: South Africa's champions of change. Cape Town: Double Storey, 2007.
  4. ^ "Circle Capital Executive Team". circlecapital.co.za. Retrieved 2010-05-24. 
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