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Monale Ratsoma appointed NDB VP and chief risk officer
Development finance institution the New Development Bank (NDB) has appointed Monale Ratsoma VP and chief risk officer, with responsibility for risk management, corporate strategy, policies, partnerships and enforcing environmental, social and governance standards. The appointment is with effect from July 8. Prior to that, Ratsoma was NDB VP and CFO from July
PIC board welcomes FSCA oversight
The board of the Public Investment Corporation (PIC) says it welcomes the Financial Sector Conduct Authority's (FSCA's) ongoing supervisory engagement and confirms that it has furnished the FSCA with the information and documentation it requested on the whistleblower report and associated governance process. The FSCA on July 14 announced that it would conduc
PPC appoints seasoned investment banker to its board
Cement maker PPC has appointed Nick Pagden as a nonexecutive director and a member of its investment committee, with effect from October 1. Pagden has over 40 years of investment banking experience. He holds a BComm (with a Certificate in the Theory of Accounting) from the University of Cape Town and is a chartered accountant registered with the South Africa
Transnet board's term extended by six months
Transport Minister Barbara Creecy has extended the term of State-owned Transnet's board of directors by six months to January 11, 2027, or until the appointment process for the new board is finalised, whichever occurs first. The board's terms had previously been due to end on July 12.
NTCSA appoints CFO
The National Transmission Company South Africa (NTCSA) has appointed Maureen Manyama CFO. “We are pleased to welcome Maureen to the NTCSA. Her extensive financial leadership experience, strong governance background and proven ability to lead transformation will further strengthen our executive team as we continue to advance the NTCSA’s strategic mandate to d
PIC suspends CEO, appoints new acting chief investment officer
The board of the Public Investment Corporation (PIC) has placed its CEO Patrick Dlamini on precautionary suspension, saying it is necessary to give him sufficient space and time to respond to allegations of impropriety against him that were submitted to the board in a whistleblower report last month. "In line with applicable labour legislation and internal P