CEO appointment

Finance Minister Enoch Godongwana has expressed confidence in the appointment of Mmakgoshi Lekhethe as Chief Executive Officer (CEO) of the Industrial Development Corporation (IDC).

Lekhethe is currently the Deputy Director-General of Asset and Liability Management at the National Treasury and will become the IDC’s first female CEO.

She first joined National Treasury in 1996.

“Ms Lekhethe is an accomplished public servant and a proven leader. She has a proven track record and is without a doubt a benefit to any organisation. She has served the National Treasury for close to two decades and as sad as we are to see her go, I am glad that she is not lost to government entirely.

“Ms Lekhethe’s considerable local and international experience in financial markets and economic policy puts her in good stead to lead the IDC’s push to reinvigorate South Africa’s industrial policy agenda at time when economy needs it most. I wish her well on this new journey,” Godongwana said.

 Chairperson of the IDC’s Board of Directors, Busi Mabuza, welcomed the appointment.

“The Board of the IDC is delighted to welcome Ms. Lekhethe as our new CEO and look forward to leveraging her exceptional leadership skills, strategic insights, and deep industry knowledge. Her experience and appointment is a testament to her suitability to lead the IDC and contribute to its mandate.

“The Board would like to thank the IDC leadership team, especially the Interim CEO Mr. David Jarvis, for leading the organisation during the search process. The continuity and stability of the IDC during this interim period will serve as a strong foundation for Ms. Lekhethe to build upon,” Mabuza concluded. – SAnews.gov.za

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