Former minister Nkosana Moyo joins Implats board

Former minister Nkosana Moyo joins Implats board

BULAWAYO, March 5 (The Source) – Former Industry and International Trade minister Nkosana Moyo has joined South Africa’s Impala Platinum, the world’s second largest platinum producer and Zimplats’ parent company, as an independent non-executive director, the mining firm announced on Thursday.

Moyo was appointed together with Sydney Mufamadi, a former minister in the South African government and businessman Bernard Swanepoel.

“In terms of paragraph 3.59 of the Listings Requirements of the JSE Limited, Implats is pleased to announce the appointments of Dr Sydney Mufamadi, Mr Bernard Swanepoel and Dr Nkosana Moyo as independent non-executive directors to the Board of Directors with immediate effect,” said Implats in a notice to shareholders

Moyo was appointed minister by President Robert Mugabe in 2000 as one of his rare, non-party Cabinet appointees, but quit the following year citing growing lawlessness and attacks on farms and businesses by ZANU-PF party activists.

He is the founder and executive chairman of the Mandela Institute for Development Studies.

He has served on the boards of a number of companies in the cement, sugar, finance, tourism, mining, airline and food sectors.

Previously he served as the vice president and chief operating officer of the African Development Bank in Tunisia, while he has also held the positions of Managing Partner for Actis (a global private equity firm) in Africa, as well as a senior advisor and associate for the International Finance Corporation.

Mufamadi is the Director of the School of Leadership at the University of Johannesburg and he serves on the subsidiary boards of Barclays Bank Africa Group in Mozambique and Tanzania.

Swanepoel is non-executive chairman of Village Main Reef and serves as non-executive director on the boards of Sanlam Limited and African Rainbow Minerals Limited.