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IDC Appointment Of Chief Financial Officer (CFO)
Industrial Development Corporation of South Africa Limited
Incorporated in the Republic of South Africa) (“IDC”)
Registration No. 1940/014201/06)
Issuer code: IN02
9 September 2020
IDC APPOINTMENT OF CHIEF FINANCIAL OFFICER (CFO)
In July 2020, the IDC Board approved the appointment of Mr. Gouws as the Interim Chief Financial
Officer for a period of 3 months (July – September 2020) while the process of appointing
permanent a CFO was underway. IDC would like to thank Mr. Gert Gouws for his assistance while
the process was underway.
The recruitment process has progressed and the appointment of a CFO has been finalized
effective 31 August 2020.
Mr. Isaac Nkululeko Malevu has been appointed as the CFO of the IDC effective 01 October
2020. Isaac is a CA (SA) and a graduate from both University of Kwazulu-Natal and
Witwatersrand. He is currently the CFO in the Corporate and Investment Banking (CIB) division
at Standard Bank. Before this role, he was an Audit Partner at Ernest and Young and has acquired
experience both locally and internationally having worked at Ernest and Young in the USA. Isaac
has more than 20 years’ experience and is a thought leader in a range of specialist areas including
finance, treasury, corporate strategy, risk management, and corporate governance.
Johannesburg
Debt Sponsor
The Standard Bank of South Africa Limited (Debt Sponsor)
Kea Sape
Tel: 011 344 7654
Email: kea.sape@standardbank.co.za
Date: 09-09-2020 09:30:00
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