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Zwelinzima Vavi reappointed to R100 billion IDC board Geoffrey Qhena gets another five years as IDC CEO SAPA, Business Report, Cape Town, 29 January 2015 The Industrial Development Corporation (IDC) has retained Geoffrey Qhena as its CEO for the next five years, the Economic Development department said on Thursday. Qhena was reappointed after steering the IDC to expand its level of investments and enter the green energy sector, the department said in a statement. He also increased the support for industrialisation, job creation and the development of black industrialists. Busi Mabuza was appointed to replace Monhla Hlahla as IDC chair. Mabuza served as an IDC board member for three years and holds a BA in Mathematics and Computer Science, and an MBA in Finance and Information Systems. Economic Development Minister Ebrahim Patel announced the appointments at the IDC AGM on Thursday. Three people who had not previously served on the board were appointed as board members. They are Transnet CEO Brian Molefe, BP SA chair Thandi Orleyn and Nomavuso Mnxasana, who serves on a number of other boards such as Land Bank and Nedbank. The board members who were reappointed are: Bobby Godsell Sizeka Magwentshu-Rensburg Lael Bethlehem Brian Dames Zwelinzima Vavi Philisiwe Mthethwa Nimrod Zalk The IDC is the country's largest development finance institution, with an asset base of R100 billion. Sapa From: http://www.iol.co.za/business/companies/qhena-gets-another-five-years-at-idc -1.1810809#.VM5gv2iUeD8 -- -- You are subscribed. This footer can help you. Please POST your comments to [email protected] or reply to this message. You can visit the group WEB SITE at http://groups.google.com/group/yclsa-eom-forum for different delivery options, pages, files and membership. To UNSUBSCRIBE, please email [email protected] . You don't have to put anything in the "Subject:" field. You don't have to put anything in the message part. All you have to do is to send an e-mail to this address (repeat): [email protected] . --- You received this message because you are subscribed to the Google Groups "YCLSA Discussion Forum" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. For more options, visit https://groups.google.com/d/optout.
