DailySun
Following the announcement by the Industrial Development Corporation (IDC) in December regarding the appointment of Mmakgoshi Lekhethe as CEO, it confirmed via a Sens on Tuesday that she will officially take on her role starting 1 February 2025.
Lekhethe is an accomplished executive with more than 20 years of experience in public finance and global 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 highlighted in December that Lekhethe brings a substantial wealth of knowledge from her tenure at various international financial institutions, multilateral development banks, and economic organizations, including the G20, Brics, and the World Economic Forum.
Lekhethe holds a BCom in Economics from the University of Durban Westville, a BCom Honours 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 have Lekhethe join us as our new CEO and looks forward to harnessing her exceptional leadership skills, strategic insight, and deep industry knowledge. Her background reflects her ability to guide the IDC and achieve its objectives,” remarked IDC chair Busi Mabuza.
She also expressed appreciation to interim CEO David Jarvis for his leadership during the transitional period. “The stability and continuity of the IDC during this interim phase will create a solid foundation for Lekhethe to build upon.”
Parks Tau, the Minister of Trade, Industry, and Competition, commended Lekhethe’s appointment as a landmark achievement, stating: “Lekhethe’s extensive experience and leadership will significantly bolster the IDC’s vital role in fostering industrial development and economic transformation.”
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