• Home
  • Radio
  • TV
  • Advertisement
  • Disclaimer
  • Public Notice
    • Opinion
  • New Africa Business News
  • Contact
  • Log In
facebook
    • News
    • Business
    • Video
    • Entertainment
    • Sport
    • Jobs
    • Government
    • Immigrants
    • Investment
    • Gallery
      • Animal
      • Africa Map
    • NGO
    BREAKING NEWS
    South Africa’s Maite Nkoana-Mashabane yelled for Women’s representatives in the enactment of the African Continental Free Trade Area (AfCFTA)
    West Africa Gold Production Expected to Increase by 2.7% in 2021 According to Report
    Sierra Leone’s Ministry of Fisheries and Marine Resources upheld Friendship with Amsoft Technologies to enhance Canoe Registration Web Portal and Portative Application
    N10 Billion filled into the Scholastic realm of Nigeria by Dangote
    African Export-Import Bank (Afreximbank), African Association of Automotive Manufacturers (AAAM) Signs Agreement to Drive Automotive Investment in Africa
    African Union Commissioner disclosed Agriculture is crucial to African Growth
    $200 Million conserved by Rwanda for Continental Export Appropriation, Vincent Biruta Rwanda’s Minister of Foreign Affairs, unearthed
    Kenya Electricity Generating Company (KenGen) Signed Deal to Drill Geothermal Wells in Djibouti
    Egypt‘s – Benban Solar Park Enterprises envisions to Glisten the more in 2021
    Erstwhile Finance Minister of Nigeria – Ngozi Okonjo-Iweala shall receive the Insignia of Royalty as the first Woman and first African Director General of the World Trade Organization on February 15th, 2021

    Naspers Appointed First Female CEO

    Posted On 06 Jul 2019
    By : New Africa Business News, Staff Correspondent
    Comment: 0

    By Abdul Rahman Suagibu –

    New CEO of Naspers South Africa, Phuthi Mahamyele Dabengwa
    Photo Credit: Naspers

    NEW AFRICA BUSINESS NEWS, Freetown, Sierra Leone- Naspers a valuable company in Africa has appointed a new Chief Executive Officer for its South Africa Unit and made history in the process.

    Phuthi Mahanyele – Dabengwa (48), takes on the role and becomes the company’s first female and first black Chief Executive. Her appointment follows a long male chauvinistic white CEO’s. Mahanyele – Dabengwa will lead its daily business activities and also manage the company’s long held desire to make successful tech investment bets in Africa.

    Naspers’ investment pedigree is defined by a $ 32 million investment in Chinese internet giant Tencent in 2011 for a stake which is now valued at over $ 100 billion, it has notably struggled with making the right bets on tech companies in Africa. The company which has significant ventures investments in India in recent years, have committed to investing up to $ 1 billion there, this year.

    Mahanyele – Dabengwa will now lead Naspers’ drive for major African tech start up win with a $ 314 million fund announced last October. She will also oversee Naspers Labs, a social impact and skills acquisition initiative for South Africa’s unemployed youth. Mahanyele – Dabengwa will report to Bob van Dijk, Group CEO of Naspers.

    The Newly appointed CEO of Naspers, Primary tasks will likely involve managing the transition as Naspers prepares to list its international assets on Euronext, the European Stock Exchange based in Amsterdam. When listed in September, Prosus (as the new company has been named) will likely be the largest listed consumer internet group in the Europe by asset value, Naspers says.

    Naspers has also chosen to spin- off multi choice Group, its video entertainment arm, and list it as a separate entity on the Johannesburg stock exchange. Prosus listing in Europe also promises access to a larger capital pool and possibly achieve the company’s’ goal of narrowing the margin between Naspers’ market value and the value of its Tencent stake.

    In listing its international assets outside the South Africa and a result decreasing its dominance of the Johannesburg stock exchange, there may be some political fallout for Nasp.

    Mahanyele – Dabengwa has “significant investor and board experience” she’ will also win laurels of a long business relationship with President Cyril Ramaphosa. She has previously been Chief Executive of Shanduka Group; an investment company founded by Cyril Ramaphosa, President of South Africa and also, has held key board positions at the Cyril Ramaphosa Foundation and mobile operator Vodacom Group.

    The appointment of a black woman to a significant unit of the business is a far cry from Naspers’ past as an early supporter of Apartheid.

    For New Africa Business News Abdul Rahman Suagibu Reports,  Africa Correspondent

    Facebook: newafricabusinessnews.com

    Email: Info@newafricabusinessnews.com

    AFRICA’S MOST READ AND FASTEST GROWING GLOBAL NEWSPAPER – www.newafricabusinessnews.com

    ADVERTISING OPPORTUNITY
    NEW AFRICA BUSINESS NEWS IS GOING TO START ADVERTISING FOR COMPANIES, GOVERNMENTS, NGO’s AND FOUNDATIONS IN A FEW MONTHS TIME. YOU CAN ADVERTISE AS LOW AS $11,000.00 PER MONTH PRICE LOCKED FOR UP TO 60 MONTHS. TAKE ADVANTAGE OF THIS GLOBAL, UNLIMITED, OPPORTUNITY WITH AFRICA’S FASTEST GROWING GLOBAL NEWSPAPER. FOR INFORMATION CONTACT US …………………………   INFO@NEWAFRICABUSINESSNEWS.COM
    About the Author
    New Africa Business News Staff Correspondent
    • google-share
    Previous Story

    OccupyGhana Questions Parliament’s Priorities as it Plans on New 450-Seat Chamber

    Next Story

    GRA to Tax E-Commerce Transactions- Ghana

    Leave a Reply Cancel reply

    *
    *

    Members Area

    • Members Log In

    RECENT

    POPULAR

    COMMENTS

    South Africa's Maite Nkoana-Mashabane yelled for Women's representatives in the enactment of the African Continental Free Trade Area (AfCFTA)

    Posted On 25 Feb 2021

    West Africa Gold Production Expected to Increase by 2.7% in 2021 According to Report

    Posted On 24 Feb 2021

    Sierra Leone’s Ministry of Fisheries and Marine Resources upheld Friendship with Amsoft Technologies to enhance Canoe Registration Web Portal and Portative Application

    Posted On 23 Feb 2021

    New Africa Business News, Person of the Year 2020-2021, Goes to Dr. Arikana Chihombori Quao

    Posted On 01 Jan 2021

    New Africa Business News, Africa President of the Year 2020-2021 Goes to Tanzania's John Pombe Joseph Magufuli

    Posted On 01 Jan 2021

    New Africa Business News, REPORTER of the Year 2020-2021, Goes to Richard Adorsu

    Posted On 08 Feb 2021

    Thanks for reading, Africa’s fastest...

    Posted On 25 Feb 2021

    Congrat to Journalist Bangura of...

    Posted On 25 Feb 2021

    Thanks for reading, Africa’s fastest...

    Posted On 25 Feb 2021

    Facebook

    Latest Posts

    South Africa's Maite Nkoana-Mashabane yelled for Women's representatives in the enactment of the African Continental Free Trade Area (AfCFTA)

    West Africa Gold Production Expected to Increase by 2.7% in 2021 According to Report

    Sierra Leone’s Ministry of Fisheries and Marine Resources upheld Friendship with Amsoft Technologies to enhance Canoe Registration Web Portal and Portative Application

    Recent Posts

    • South Africa’s Maite Nkoana-Mashabane yelled for Women’s representatives in the enactment of the African Continental Free Trade Area (AfCFTA)
    • West Africa Gold Production Expected to Increase by 2.7% in 2021 According to Report
    • Sierra Leone’s Ministry of Fisheries and Marine Resources upheld Friendship with Amsoft Technologies to enhance Canoe Registration Web Portal and Portative Application
    • N10 Billion filled into the Scholastic realm of Nigeria by Dangote
    • African Export-Import Bank (Afreximbank), African Association of Automotive Manufacturers (AAAM) Signs Agreement to Drive Automotive Investment in Africa

    Categories

    • Business
    • Education
    • Entertainment
    • Featured
    • Government
    • Immigrants
    • Investment
    • News
    • NGO
    • Obituary
    • Opinion
    • Public Notice
    • Sport
    • Video

    Tag Cloud

    african economy business africa

    Contact Form

    1. Name *
      * Please enter your name
    2. Email *
      * Please enter a valid email address
    3. Message *
      * Please enter message
    Copyright 2019 New Africa Business News, Inc. A Global International Company, Inc. All Rights Reserved.