“ 57% of clients rate their broker's service as excellent, up from 40% last year ”

- 2017 Top Stockbrokers survey

“ 6% of stockbroker clients execute trades worth more than R100,000 a month ”

- 2017 Top Stockbrokers survey

“ 40% of stockbroker clients average monthly trades of R5,000 or less ”

- 2017 Top Stockbrokers survey

“ 52% of clients have assets under management of between R1m and R3m ”

- 2018 Top Private Banks & Wealth Managers Survey

“ 39% of wealth clients have been with the same firm for more than 10 years ”

- 2018 Top Private Banks & Wealth Managers Survey

“ Of the 100 largest JSE-listed companies, 87 conducted BEE deals, 35 of which included public benefit organisations ”

- 2017 Empowerment Endowment

“ R32.6bn in endowments are now held by foundations set up as a result of BEE deals that will support charitable activities ”

- 2017 Empowerment Endowment

“ 50% of clients rate their wealth manager as excellent and 31% as very good ”

- 2018 Top Private Banks & Wealth Managers Survey

“ 33% of clients rate the value for money they get from wealth managers as excellent, against 18% for transactional banking ”

- 2018 Top Private Banks & Wealth Managers Survey

“ R51.6bn value created specifically for charitable recipients through BEE deals ”

- 2017 Empowerment Endowment

“ 81% of clients are very likely or extremely likely to recommend their wealth manager to friends of family ”

- 2018 Top Private Banks & Wealth Managers Survey
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The Team


Stuart Theobald, PhD, CFA


Stuart is a co-founder of Intellidex and its executive chairman. He has 18 years’ experience covering financial services across Africa, first as a financial journalist and later as a financial analyst. As a journalist he received multiple awards for his investigative work on banks and the financial markets. As an analyst his work ranges from equity analysis to political analysis.

He is also a research associate of the London School of Economics’ Centre for Philosophy of Natural and Social Science.

Stuart was educated at Rhodes University and the London School of Economics and has degrees in economics, philosophy and finance. He holds a PhD from the LSE and the Chartered Financial Analyst designation.

Chia Chao Wu

Chia-Chao Wu, CA(SA), CFA


Chia-Chao is a co-founder of Intellidex and a director of the company. He has founded and developed various companies including Empowerdex, the leading black empowerment ratings agency.

Chia-Chao holds an MCom in corporate finance from Wits University. He is a chartered accountant and holds the Chartered Financial Analyst designation.

vuyo jack

Vuyo Jack, CA(SA)


Vuyo is  co-founder of Intellidex and a director of the company. He is chairman of Empowerdex which he founded with Chia-Chao Wu. He is a director of various companies. He is a commissioner on the Davis tax review committee, having been appointed by the minister of finance. He was nominated as a Young Global Leader by the 2009 World Economic Forum.

Vuyo holds a BCom from Wits University and is a chartered accountant.

Graunt Kruger

Graunt Kruger, PhD

CEO: Intellidex USA;
Global Lead: Strategy Research

Graunt is a director at Intellidex and heads our United States subsidiary as well as our Strategy Research practice. Graunt has an extensive background in financial services product innovation and research and has worked for several financial services businesses including Standard Bank where he was head of enterprise development.

He is also a part time academic at the University of Cape Town’s Graduate School of Business.

Graunt was educated at Rhodes University, the London School of Economics and the University of the Witwatersrand. He holds an MSc from the LSE and MBA and PhD in banking and finance from Wits Business School.

Colin Anthony, Intellidex general manager

Colin Anthony

General Manager

Colin is GM of Intellidex and responsible for day-to-day operations in South Africa. He joined Intellidex in 2010 as managing editor responsible for production of our media projects. He is a highly experienced financial journalist who has published and edited a variety of publications including Smart Investor, Business Day Management Review and Business Day Real Business.

Colin holds a BJourn & Media Studies degree and BA(Hons) in psychology from Rhodes University.


Orin Tambo, CFA

Senior Financial Analyst

Orin is a financial analyst at Intellidex responsible for various projects and equities research work. He has seven years’ experience as an analyst, economist and academic.

Orin holds a BCom(Hons) in financial modelling from the University of Johannesburg, a BSc(Hons) in economics from the University of Zimbabwe and holds the Chartered Financial Analyst designation.

Phibion Makuwerere, Intellidex analyst

Phibion Makuwerere, CFA

Financial Analyst

Phibion is responsible for a various research projects and analysis of various listed instruments. He has seven years’ experience in financial analysis and administration.

Phibion holds a BSc(Hons) in economics from the University of Zimbabwe and a diploma from the Institute of Bankers, Zimbabwe. He is also a Chartered Financial Analyst charter holder.







Tina Shika

Administration Manager

Tina is responsible for the administration of Intellidex including finance and credit control.

She holds a Diploma in Financial Management and is studying her BCom, Financial Management.







Heidi Dietzsch

Market research manager

Heidi joined in January 2017 to expand Intellidex’s market research capacity. She has a wealth of experience in this field.

Heidi has a postgraduate Diploma in Journalism and Media Studies from Rhodes University, a BA in Political Science and BA Hons in Development Studies from the University of Johannesburg.


Letta Maponye, Bsc, Bcom(Hons)

Research Assistant

Letta Joined Intellidex in 2018 as a research assistant at Intellidex and is responsible for various contribution to composition of reports on research projects and data analysis work. She have four years’ experience in private and academic institution, as a consultant and researcher assistant. This role entails presentation to clients, data processing, face to face interview, consultation and report writing.

Letta holds a Bsc Mathematical Sciences majoring in Mathematics and Economic, also Bcom(Hons) in   Economics from the University of Johannesburg (UJ). Moreover, she’s currently busy with an Mcom degree in Financial Economics with the UJ.







Mayo Twala, BA, PDMM

Editor, savetaxfree.co.za

Mayo has joined the Intellidex team as editor of our sister site, savetaxfree.co.za, which assists South African consumers on tax-free savings accounts and provides guidance on personal finance matters. She co-ordinates research into the TFSA market and the company’s social media strategy and contributes to Intellidex’s various media projects.

Mayo holds a Bachelor of Arts (BA) in English, History and Organisational Psychology and a Post-Graduate Diploma in Media Management (PDMM) from Rhodes University.

Click here for more information about the Save Tax Free website.

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