On 3 July 2019 Naspers, a global internet group, announced the appointment of Phuthi Mahanyele-Dabengwa to the global Naspers management team in the position of CEO, South Africa. Mahanyele-Dabengwa will report directly to Bob van Dijk, Group CEO of Naspers. Mahanyele-Dabengwa will be based in Johannesburg where she will lead the group’s day-to-day business in South Africa, and will also represent the group’s interests in-country. She will take on the responsibility of Naspers’ recently announced units, Naspers Labs and Naspers Foundry. These units are designed to help stimulate the South African tech sector as well as address the problem of youth unemployment, respectively.
Naspers is considered as one of South Africa’s biggest investors in the South African technology sector. The company has said that it is committed to building its existing internet and e-commerce companies in South Africa. The Naspers Foundry is a $99 million investment commitment that is targetting technology start-ups in South Africa that aim to address society’s biggest issues. In October 2018 Naspers a commitment at the inaugural South Africa Investment Conference to invest $226 million into the company’s existing South African businesses over the next three years. This project is already in development.
Mahanyale-Dabengwa joins Naspers from her previous role as Executive Chairperson at Sigma Capital, a privately-held, majority-black owned investment group based in South Africa. “Phuthi is a seasoned leader with a strong track record of achievement throughout her career. Her significant investor and board experience across varied sectors makes Phuthi the perfect match for this important role at Naspers,” said Bob van Dijk, Group CEO of Naspers. “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 Mahanyale-Dabengwa on her new role.
Edited by Kojo Essah
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