Naspers, Africa’s largest public company thanks to its investment in China’s Tencent, has appointed Phuti Mahanyele-Dabengwa as CEO of its SA business ahead of an offshore listing of its valuable international assets.
Mahanyele-Dabengwa (48) would be based in Johannesburg and would head the group’s day-to-day business in South Africa. She would also be responsible for Naspers’ recently announced units, Naspers Foundry and Naspers Labs.
“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,” said Mahanyele-Dabengwa.
— Prof Thuli Madonsela (@ThuliMadonsela3) July 3, 2019
Naspers Foundry is a R1.4 billion investment commitment targeting technology start-ups in South Africa that seek to address big societal needs. This is in addition to the commitment Naspers made in October 2018 at the inaugural South Africa Investment Conference to inject a further R3.2 billion into its existing South African businesses over three years, which is already underway.
Mahanyele-Dabengwa will be based in Johannesburg and report directly to the group CEO of Naspers, Bob van Dijk.
Van Dijk described her as a “seasoned leader with a strong track record of achievement throughout her career”.
— Emmanuel Sir Bonoko (@EMMANUELBONOKO) July 3, 2019
Koketso Ramorei is a journalist and news editor of SADC News with years of experience in a number of genres including sports, politics and community reporting. He has worked for a numerous publications including The Citizen Newspaper and is a former editor of a Johannesburg-based off-campus publication called The Waldorfian Times.