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The highly esteemed newly appointed Chief Executive Officer for the Industrial Development Corporation (IDC), Ms Mmakgosi Lekhethe will take over the reins next months as announced by the IDC on Tuesday, 14 January 2025.
The board of directors of the IDC announced on the JSE Limited’ SENS that Lekhethe will assume her role as CEO at the IDC from 1 February 2025. This follows the announcement on 5 December 2024 of her appointment as CEO by Cabinet, to which the board of directors welcomed the appointment.
“The Board of the IDC is delighted to welcome Ms. Lekhethe as our new CEO and look forward to leveraging her exceptional leadership skills, strategic insights, and deep industry knowledge. Her experience and appointment is a testament to her suitability to lead the IDC and contribute to its mandate,” said Ms Busi Mabuzat, the Chairperson of the IDC Board of Directors.
The Minister of Finance, Mr Enoch Godongwana, has also congratulated Mmakgosi Lekhethe on her appointment to the IDC saying she is a proven leader who can benefit any organisation.
“Ms Lekhethe is an accomplished public servant and a proven leader. She has a proven track record and is without a doubt, a benefit to any organisation. She has served the National Treasury for close to two decades and as sad as we are to see her go, I am glad that she is not lost to government entirely,” said Minister Godongwana.
Lekhethe is currently serving as Deputy Director General: Asset and Liability Management at the National Treasury.
Ms Lekhethe joined the National Treasury in 1996 as Deputy Director: Foreign Debt Management. In 1999 she was promoted to the position of Director: Foreign Debt Management and in 2002, was appointed Chief Director: Strategy and Risk Management within the Asset and Liability Management Division.
More recently she served as Deputy Director General (DDG) of International and Regional Economic Policy and as Acting DDG for Tax and Financial Sector Policy. In October 2023 she was appointed as DDG: Asset and Liability Management, where she led the management of government’s debt, financial risk and asset portfolio.
“Ms Lekhethe’s considerable local and international experience in financial markets and economic policy puts her in good stead to lead the IDC’s push to reinvigorate South Africa’s industrial policy agenda at time when economy needs it most. I wish her well on this new journey,” said minister Godongwana.
Ms Lekhethe will take over the reins from the interim CEO David Jarvis, whom Mabuza thanked for his leadership while the Corporation was in search for a permanent CEO.
“The Board would like to thank the IDC leadership team, especially the Interim CEO Mr. David Jarvis, for leading the organisation during the search process. The continuity and stability of the IDC during this interim period will serve as a strong foundation for Ms. Lekhethe to build upon,” said Mabuza.
