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People Moves: Naspers Africa's most valuable company hires first female CEO
9 July 2019
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Naspers, the most valuable company in Africa, has appointed a new chief executive for its South African unit and made history in the process. Phuthi Mahanyele-Dabengwa, 48, takes on the role and becomes the company’s first female and first black chief executive.
Her appointment follows a long streak of male CEOs leading the 104-year old company. As CEO for the South Africa unit, Mahanyele-Dabengwa will lead its daily business activities and also manage the company’s long-held desire to make successful tech investment bets in Africa.
Ms Mahanyele-Dabengwa have a tough taskin replicating such an investment but is now tasked with leading Naspers’ drive for major African tech startup wins with a $314 million fund announced last October. She will also oversee Naspers Labs, a social impact and skills acquisition initiative for South Africa’s unemployed youth. Mahanyele-Dabengwa will report to Bob van Dijk, Group CEO of Naspers.
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