Minister of Public Enterprises Lynne Brown, acting in her capacity as shareholder representative, has announced the appointments of new Executive Directors at Denel, SAFCOL and Alexkor.
Zwelakhe Ntshepe has been appointed as the new Group Chief Executive Officer at DENEL and Odwa Mhlwana as the new Group Chief Financial Officer.
Denel plays a significant role in industrial growth through its development of key defence technologies, manufacturing and maintenance activities, well-defined infrastructure and strong human capital.
Tsepo Monaheng was appointed as the new CEO of the state-owned forestry company, SAFCOL. SAFCOL plays a catalytic role in the realisation of the state’s afforestation, rural development and economic transformation goals.
Lemogang Pitsoe was named as the new CEO of Alexkor, and Adila Chowan as the new CFO. Alexkor’s core business is mining, specifically exploiting a large land-based diamond resource and extensive diamondiferous marine deposits.
Alexkor, as a commercialised state asset, has significant strategic importance for the Namaqualand region. The appointment of new executives is vital to driving sustainable performance at Alexkor.
The Ministry of Public Enterprises said the executives are appointed as ex officio members of the companies’ respective Boards of Directors, on five year contracts subject to annual performance reviews.
“The appointments were effected in accordance with the State-Owned Companies’ Memoranda of Incorporation, and followed the department’s executive appointment guidelines requiring the Minister to present recommendations to Cabinet for concurrence.
“Cabinet approved the appointments at its meeting on 18 October 2017,” said the Ministry in a statement.
It said stable leadership is critical to the implementation of short to medium-term plans to improve SOC sustainability and their impact on the economy.
Minister Brown has congratulated the new appointees and wished them well in their task to maximise the contribution SOCs make to South Africa’s development. – SAnews.gov.za
