The premier research and advisory firm combining capital markets expertise with sophisticated political economy analysis. From world-class research to innovative fund management.
Whatever level of partnership you need, we deliver unmatched value through modular expertise
Research & advisory
World-class research and strategic advice – from traditional investment analysis to ESG, climate finance, and just energy transition strategies. Most of our work delivers cutting-edge insights helping global clients understand how political and market forces affect their investments.
Financial innovation
We design innovative financial structures when clients need them – from social impact bonds to climate-resilient investment vehicles. Our expertise spans impact investment, outcomes-based finance, blended capital structures, and pioneering funding mechanisms.
Client solutions
We implement and manage innovative funding structures like the R300-million Jobs Boost Outcomes Fund. When clients need end-to-end management of complex financial instruments, we deliver proven execution.
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Public sector research and advisory
Help governments and development agencies develop public policy to attract and leverage private investment. We design blended finance mechanisms and risk-sharing instruments that multiply the impact of public resources. We also develop financial sector policy to ensure the financial sector can meet policy objectives.
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Impact finance and philanthropy
Guide foundations and philanthropists to maximise social outcomes through strategic capital deployment. From outcomes-based financing to innovative impact structures, we ensure every rand creates measurable change.
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Sustainable finance and ESG
Support banks and asset managers to achieve greater social and environmental impact while maintaining financial returns. We provide ESG strategies, impact measurement frameworks, and sustainable finance structuring.
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Infrastructure & energy transition finance
Navigate the complex landscape of infrastructure and just energy transition financing. We provide political economy analysis, regulatory guidance, and innovative financial structures for large-scale sustainable projects. We also work on policy reform to create an enabling environment for infrastructure and energy transition finance.
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Macroeconomics, politics and policy
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From traditional finance to cutting-edge climate transition
Click any area below to find out more about our expertise and services
Founded in 2008 and led by Dr. Stuart Theobald, with a team including Peter Attard Montalto as Managing Director, we’ve become both the definitive voice on Africa’s financial markets and the architect of its most innovative funding solutions.
Insights
Regular readers will know I am not one of the BEE cynics. I believe empowerment policy has done a lot of good in its primary



























Whatever level of partnership you need, Krutham delivers unmatched value.