ABSIP WELCOMES THE APPOINTMENT OF BOARD MEMBERS TO STATE-OWNED ENTITIES.

27 May 2018 

 

ABSIP WELCOMES THE APPOINTMENT OF BOARD MEMBERS TO STATE-OWNED ENTITIES.

The Association of Black Securities and Investment Professionals (ABSIP) has welcomed the appointment of various professionals to the boards of state-owned entities: Eskom, Transnet, Denel and SA Express.

“The appointment of ABSIP members to these boards is a testament to the faith and confidence that government and industry has in the organisation, its members, and structures. I am confident that these positive developments will strengthen relations with the investment community locally and globally,” said President of ABSIP, Sibongiseni Mbatha.

Public Enterprises Minister Pravin Gordhan has appointed:

• Former ABSIP President, Tryphosa Ramano, as chairperson of SA Express;

• ABSIP Economist of the Year for 2017, Dr. Thabi Leoka, as a board member of SA Express;

• Former ABSIP CEO of the Decade, Phakamani Hadebe, as CEO of Eskom;

• Former ABSIP Treasurer, Zukie Siyotula, as a board member at Denel.

Quite recently, former ABSIP Treasurer, Lerato Molefe, was appointed to the NEF board of trustees.

Mbatha said as the custodian of transformation within the financial services sector, ABSIP is humbled to provide some of the best professionals to serve in various boards and challenges all appointees to immediately embark on a process of instilling confidence in these state-owned entities, to enhance chances of sustainable economic growth, transformation and inclusion.

“In line with ABSIP’s Vision 2025, we will continue to work with all stakeholders who commit to being agents of transformation and we regard the Department of Public Enterprises and all state-owned entities as important stakeholders in achieving a

transformed and normal society. We wish all appointees well, “concluded Mbatha.

ABOUT ABSIP

Established in 1995, the Association of Black Securities and Investment Professionals (ABSIP) is a lead custodian of black professionals’ interests and black business in the financial services sector. Its vision has evolved to pursue a transformed, fully inclusive and ethically run financial sector that equitably represents black professionals and black business to enable sustainable growth for the sector and South Africa at large.

For further information, please contact:

Mr. Max Malinga

Executive Manager (Acting)

E-mail: manager@absip.co.za

Tel: 010 203 9015

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