Home / NEWS / Naspers hires new CEO in South Africa

Naspers hires new CEO in South Africa

Ecommerce company Naspers has brought in a new CEO, Phuti Mahanyele-Dabengwa in its Johannesburg office.

Consumerist internet company, a major international technology investor and one of South Africa’s largest companies Naspers has appointed new chief executive Phuti Mahanyele-Dabengwa to direct its business and daily interests in South Africa.

Reporting to group chief executive, Bob van Dijk, Mahanyele-Dabengwa will also be responsible for Naspers Foundry, an initiative to advance the South African technology sector through helping new entrepreneurs with the development and growth of their businesses.

In addition, she will lead Naspers Labs which is directed at the social and economic improvement of unemployed youth in South Africa by partnering with Marlon Parker, the founder of RLabs, a non-profit organisation in Cape Town.

Mahanyele-Dabengwa has experience in the investment management industry with mentoring, valuation, business strategy and leadership. Prior to working with Naspers, she held an executive chairman position at Sigma Capital, a private investment group in South Africa from January 2016 to June 2019 which focuses on black economic empowerment (BEE) investments.

She was the chief executive officer of South African holding company Shanduka Group from August 2004 to December 2015. Previous to these roles, she was the vice president of Fieldstone Private Capital Group (now Fieldstone Africa Investment Resources) from 1997 to 2003.

Mahanyele-Dabengwa is also on the board of trustees for the Cyril Ramaphosa Foundation, previously known as the Shanduka Foundation and created in 2005 and experience with an independent organisation aimed at improving the lives and education for youth in South Africa will be relevant when leading Naspers Labs.

Mahanyele-Dabengwa stated: “I am thrilled to be joining Naspers at such a pivotal time for the group and for South Africa and look forward to adding value to the group in realising its strategy in South Africa.”

Elsewhere, the African Private Equity and Venture Capital Association (AVCA) recently elected new co-chairs of its legal and regulatory committee.

Check Also

DAR WILL REMAIN TANZANIA’S ‘CAPITAL’ DESPITE GOVERNMENT RELOCATION

Last weekend, Tanzanian President, John Magufuli announced a relocation of his presidential base from the …

Leave a Reply

Your email address will not be published. Required fields are marked *

Social Media Auto Publish Powered By : XYZScripts.com