Following the announcement by the Industrial Development Corporation (IDC) in December regarding the appointment of Mmakgoshi Lekhethe as CEO, it confirmed in a Sens on Tuesday that she will officially begin her role on 1 February 2025.
Lekhethe is an accomplished executive with more than 20 years of experience in public finance and global economic leadership, presently holding the position of Deputy Director-General for Asset and Liability Management at the National Treasury.
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In December, the IDC highlighted that Lekhethe brings extensive expertise from her experiences with international financial institutions, multilateral development banks, and economic organizations such as the G20, Brics, and the World Economic Forum.
Lekhethe holds a BCom in Economics from the University of Durban Westville, a BCom Hons 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 welcome Lekhethe as our new CEO and looks forward to harnessing her remarkable leadership skills, strategic insights, and deep industry knowledge. Her background reflects her ability to guide the IDC in achieving its mission,” said IDC chair Busi Mabuza.
She also expressed her appreciation to interim CEO David Jarvis for his leadership during the transition. “The stability and continuity provided by the IDC in this interim period will lay a solid foundation for Lekhethe to build on.”
Parks Tau, the Minister of Trade, Industry, and Competition, regarded Lekhethe’s appointment as a significant milestone, stating: “Lekhethe’s extensive experience and leadership capabilities will surely strengthen the IDC’s vital role in fostering industrial development and economic transformation.”
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