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BL Premium reports that the Eskom Pension and Provident Fund’s (EPPF’s) chief investment officer is stepping down to pursue other interests.
The EPPF indicated in a statement on Monday that Ndabezinhle Mkhize was stepping down at the end of November. Mkhize’s contract would be coming to an end and he had elected to pursue interests outside the state utility’s pension fund, the EPPF said. Mkhize joined the EPPF in May 2014 initially as deputy chief investment officer and was subsequently appointed to the chief investment officer role in November 2016. Shafeeq Abrahams, CEO and principal officer at the EPPF, said in the statement: “During his (Mkhize’s) tenure as chief investment officer, investments grew from about R128bn to about R179bn currently. At the same time, he led the development and implementation of the EPPF’s investment strategy that now includes new asset classes with exposure to different markets across the globe.” The EPPF has launched what it called a “rigorous recruitment process” for a new chief investment officer, suggesting that the departure of Mkhize was not something that had been in the works for some time. In the interim, Phathutshedzo Mabogo and Thabo Letlaka — both of whom are currently serving as deputy chief investment officers at the EPPF — will act as joint chief investment officers reporting to Abrahams. Mkhize has agreed to act in an advisory role for a period of three months to ensure a smooth handover to Mabogo and Letlaka.
Read the full original of the report in the above regard by Garth Theunissen at BusinessLive (subscriber access only)
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