Phuti Mahanyele Dabengwa has been named the new CEO of one of Africa’s biggest and valuable company, Naspers.
In the history of Naspers, it has only appointed male CEOs throughout their 104 years of existence.
Acting her new role as CEO, she is responsible for the leadership of Naspers flagship South Africa Unit, Naspers Foundry and Naspers Labs. She is to oversee the business activities of the company. In addition, she is to manage the company’s tech investment bets in Africa.
Dabengwa has been CEO of Shanduka Group Limited. She is on board of of the Cyril Ramaphosa Foundation. She has also held positions at companies including, Vodacom Group, Gold Field and Comair Ltd.
Naspers’ worth is about $108-billion. The company is a global internet group and one of the largest technology investors in the world.
Naspers is one of the foremost investors in the South African technology sector and is committed to building its existing internet and ecommerce companies in the country.
Also, the company stimulates the local tech start-up sector through the Naspers Foundry. This is a R1.4 billion investment commitment targeting technology start-ups in South Africa that seek to address big societal needs.