Public Enterprises Minister Malusi Gigaba on Tuesday announced the appointment of a new chairperson and six nonexecutive board members for State-owned Broadband Infraco.
He said the appointments and strengthening of the board of directors would “open a new chapter” for the entity, which made a R207-million loss in the 2011 financial year.
“The new board has been strengthened in areas of technical, regulatory and financial oversight.
“This would ensure that, together with a complementary strengthening of the company’s executive management capacity and governance oversight, Infraco’s performance would be lifted enabling it to fulfil its developmental mandate,” Gigaba said at a special general meeting.
The incoming chairperson Mandla Ngcobo is an admitted attorney who previously served as CEO at Telkom Media.
The nonexecutive directors appointed are Nadia Bulbulia, Salim Essa, Meta Maponya, Dr Anthony Githiari, Xoliswa Kakana and Nokuthula Selamolela.
They succeed the outgoing nonexecutive chairperson Andrew Mthembu and nonexecutive directors Nolo Letele and Cornelius Groesbeek.
Two nonexecutive directors Sydney Mabalayo and Shakeel Meer were reappointed.
Edited by: Mariaan Webb
Creamer Media Senior Researcher and Deputy Editor Online
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