BL Premium reports that the Industrial Development Corporation’s (IDC’s) new CEO, Mmakgoshi Lekhethe, will take over the role next month, the development institution said on Tuesday.

The IDC in December announced the appointment of Lekhethe as its next CEO to replace Tshokolo Nchocho, who stepped down at the end of 2023. Lekhethe, who previously served as the Treasury’s deputy director-general in charge of asset and liability management, will begin her responsibilities as CEO on 1 February. She will be the IDC’s first female CEO. Lekhethe has a multi-layered career at the Treasury, having first joined in 1996 as deputy director of foreign debt management. Before starting her career, Lekhethe studied economics at the University of Durban Westville and the University of Witwatersrand, and receiving a master’s degree from the University of London. Finance minister Enoch Godongwana expressed his confidence in the new CEO back in December, calling her “an accomplished public servant and a proven leader”. He added: “She has a proven track record and is without a doubt a benefit to any organisation. She has served the National Treasury for close to two decades and as sad as we are to see her go, I am glad that she is not lost to government entirely.”

• Read the full original of the report in the above regard by Jacob Webster at BusinessLive (subscriber access only)

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