https://www.engineeringnews.co.za

Nchocho appointed to replace Qhena as IDC head

18th January 2019

By: Marleny Arnoldi

Deputy Editor Online

     

Font size: - +

Cabinet has approved the appointment of Tshokolo (TP) Nchocho as Industrial Development Corporation (IDC) CEO on a five-year contract, effective early 2019.

Nchocho has multiple master’s degrees and more than 28 years’ experience in development finance and banking, including 13 years at the Development Bank of Southern Africa and almost four years at the Land and Agricultural Development Bank of South Africa.

His appointment follows a detailed selection process, including the constitution of a board subcommittee to consider the CEO vacancy and the appointment of an executive search firm to assist in identifying candidates for shortlisting.

Outgoing CEO Geoffrey Qhena served for almost 20 years as an official of the IDC and was CEO for the last 13 years.

Highlights from his term included funding the programme for renewable energy and the investment in the country’s first new light passenger vehicle plant in Coega, in the Eastern Cape.

“Under Geoffrey’s leadership, the IDC consolidated its position as the country’s largest development finance institute and introduced its black industrialists programme. Geoffrey worked closely with the [Economic Development] Ministry and the IDC board to expand the level of industrial funding, with special measures to boost lending to youth entrepreneurs and women-empowered enterprises,” Economic Development Minister Ebrahim Patel said in a statement.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Array

Showroom

Actom image
Actom

Your one-stop global energy-solution partner

VISIT SHOWROOM 
Alco-Safe
Alco-Safe

An unmanned breathalyser that is made to be tough and simple to use. Can be used in any environment for operator-free breathalyser testing.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.076 0.126s - 137pq - 2rq
Subscribe Now