Zim's ex-Industry minister appointed to Implats board

HARARE – Zimbabwe’s former Industry and International Trade minister Nkosana Moyo has been appointed to Impala Platinum Holdings (Implats) board.

Implats is an 87 percent shareholder of Zimbabwe’s largest platinum producer – Zimplats.

Moyo has been appointed along with South Africa’s former Cabinet minister Sydney Mufamadi and ex-Harmony Gold chief executive Bernard Swanepoel as independent non-executive directors, with immediate effect.

As a Zimbabwean national, Moyo – who has a PhD in physics from Imperial College, University of London and is the founder and executive chairperson of the Mandela Institute for Development Studies – served on the boards of several companies in the cement, sugar, finance, tourism, mining, aviation and food sectors in the country.

He previously served as African Development Bank vice president and chief operating officer, Actis managing partner and International Finance Corporation senior adviser and associate.

Mufamadi is the director of the School of Leadership at the University of Johannesburg and serves on the subsidiary boards of Barclays Bank Africa in Mozambique and Tanzania.

He has built a reputation in various political leadership positions, previously occupying the roles of Safety and Security minister and Provincial and Local Government minister in South Africa, during which time he was commended for his mediation and conflict resolution skills, as well as his expertise in bilateral and multilateral diplomacy.

Implats added in a statement that Swanepoel, who previously headed gold companies Village Main Reef and Harmony, would bring to the board “extensive” deep-level mining and commercial experience.

He is currently a partner at To-The-Point Growth Specialists, the nonexecutive chairperson of Village Main Reef and serves as nonexecutive director on the boards of Sanlam and African Rainbow Minerals.

Comments (7)

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CARTRIDGE GALLERY - 6 March 2015

Now we see who the real "amadoda sibili" are!!!

B - 6 March 2015

I know the an Moyo ,he ran way when the world needed him more AND IT SEEMS BY SITTING IN ALL THOSE BOARDS HE DOES VERY WELL IN SET UP SITUATIONS AND NOT GOOD ENOUGH AS A SELF STARTER

MAMBO - 8 March 2015

I do not see the news about this man.He has achieved nothing in his career.He can not vouch and say,this is my achievement.He is not of the same mould of doers like of Strive Masiyiwa.He never settles on a job and never accomplishes what he starts.TA Holdings,Standard Chartered,Government Minister,World Bank,Actis,ADB,Kubatana Venture Capital.Mandela Institute of what.Tibvirepo.He is a failure.

Kafandada - 8 March 2015

Well said Kufandada this Nkosana thing is a complete failure. One wonders why he is not doing something in the filed of physics when he has a PHD in Physics. He cannot even run a tuck shop. I am sure he will just sit in board meetings and say nothing. Let him get another PHD from Bob!!!!

Garikayi - 9 March 2015

Implats 2014 revenue was R29.028 billion , profit was R3.242 billion. It is not a small company by any means. Being appointed to its board as independent non executive director means that Moyo has a certain value that he is bringing to the table (read all the places that he has worked) or maybe has a relationship with the shareholders (I dont know). The point is he has made it onto the board and that is news! Whats with all this negativity about his past? Comparisons to Strive?? he is not seeking to own Implats or maybe I am missing something here?

Ini zvangu - 9 March 2015

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