Naspers has announced the appointment of Phuthi Mahanyele-Dabengwa to the global Naspers management team in a newly created executive position in the global Internet group in which she will oversee the company's operations in South Africa. Mahanyele-Dabengwa will hold the title CEO, South Africa for Naspers, and she will report directly to Bob van Dijk, Group CEO of Naspers.
Naspers has also stated that Mahanyele-Dabengwa will operate from Johannesburg where she will lead the company’s day-to-day business in South Africa and represent its interests in-country.
“I am thrilled to be joining Naspers at such a pivotal time for the group and for South Africa and look forward to adding value to the group in realising its strategy in South Africa," said Phuthi Mahanyele-Dabengwa, CEO South Africa, Naspers.
Mahanyele-Dabengwa joins Naspers from her Executive Chairperson role at Sigma Capital, a privately held, majority-black owned investment group based in South Africa. Before that, she was the CEO of the Shanduka Group - an investment holding company that was founded in 2001 by current South African President, Cyril Ramaphosa.
In her new role she will also be responsible for Naspers’ recently announced units, Naspers Foundry and Naspers Labs, which are designed to help stimulate the South African tech sector and tackle youth unemployment, respectively. Recently, Naspers Foundry made its first ever investment of R30 million in South African startup, SweepSouth.
During 2018 Naspers announced that it has committed R1,4 billion towards funding technology startups in South Africa over the next three years. This was announced during the inaugural South Africa Investment Conference 2018 which took place in Johannesburg on 26 October 2018.
“Phuthi is a seasoned leader with a strong track record of achievement throughout her career. Her significant investor and board experience across varied sectors, makes Phuthi the perfect match for this important role at Naspers,” said Bob van Dijk, Group CEO, Naspers.