Following the announcement by the Industrial Development Corporation (IDC) in December regarding Mmakgoshi Lekhethe’s appointment as CEO, the organization confirmed in a Sens on Tuesday that she will officially take on her role beginning 1 February 2025.

Lekhethe is an accomplished executive with over two decades of experience in public finance and international economic leadership, currently holding the position of Deputy Director-General for Asset and Liability Management at the National Treasury.

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The IDC stated back in December that Lekhethe brings extensive knowledge accrued through her experiences with international financial institutions, multilateral development banks, and key economic organizations such as the G20, Brics, and the World Economic Forum.

Lekhethe holds a BCom in Economics from the University of Durban Westville, a BCom Hons in Economics from the University of the Witwatersrand, and an MSc in International Economics from the University of London, SOAS.

“The IDC Board is thrilled to welcome Lekhethe as our new CEO and looks forward to leveraging her exceptional leadership qualities, strategic insights, and considerable industry knowledge. Her background showcases her ability to guide the IDC and achieve its mission,” remarked IDC chair Busi Mabuza.

She also expressed her appreciation to interim CEO David Jarvis for his leadership during this transitional period. “The stability and continuity of the IDC throughout this interim phase will create a solid foundation for Lekhethe to build upon.”

Parks Tau, Minister of Trade, Industry, and Competition, praised Lekhethe’s appointment as a remarkable accomplishment, stating: “Lekhethe’s extensive experience and leadership will significantly strengthen the IDC’s vital role in fostering industrial development and economic transformation.”

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