Corporate South Africa is slowly realising that women are capable and in many instances better qualified and skilled than men, to manage multi billion rand, multi-national companies.Two phenomenal women, each with their own excellent track record, have been appointed to run the operations of significant South African companies.
Mpumi Madisa was announced the CEO-designate of diversified company Bidvest on the eve of International Women’s Day. Madisa has received congratulatory comments from President Rampahosa, who said that her appointment is an inspiration and sets the example for many companies towards the development of human capital and the transformation of society.
Madisa will become the first black woman to lead a Johannesburg Stock Exchange (JSE) top 40 company. She will head a company which employs 137 000 people with a market capitalisation of R72 billion. The 39 year old has a Masters in Finance and Investment, a BComm Honours in Economics and a BSc in Economics and Mathematics. “The emergence of Mpumi Madisa as Chief Executive of a major corporation in our economy is a significant personal achievement that also signifies a new advance in gender transformation in business. Ms Madisa’s appointment is, therefore, an occasion for celebration and for the renewed commitment to accelerated change and progress in the highest echelons of our economy,” said President Ramaphosa.
Mining giant De Beers has announced the appointment of Nompumelelo (Mpumi) Zikalala as Managing Director of its De Beers Group Managed Operations, which is a new division established as a result of consolidation of its mining assets in Canada and South Africa. She is currently the deputy CEO of De Beers Consolidated Mines (DBCM) and will be based in Johannesburg in her new role.
The new venture will focus on Venetia Mine in Limpopo, Gahcho Kué Mine in Canada and De Beers Marine under one leadership team. “The restructuring was necessitated by the company’s reduced mining footprint in South Africa and Canada due to the closures of Snap Lake and Voorspoed Mines, along with the imminent closure of Victor Mine during May this year,” the diamond miner explained. Zikalala is no stranger to the mining sector, with 18 years’ experience, armed with a BSc in Chemical Engineering from the University of Witwatersrand and a London Business School graduate; she is ready for action. She has also served as an executive director for the Black Management Forum and Mintek.