Chinese vehicle manufacturer, Beijing Automotive Group South Africa (BAIC SA) has appointed Batandwa Mdyesha (pictured) as CFO, effective immediately.
Mdyesha was previously the CFO of state-owned mining company, African Exploration Mining and Finance Corporation, a role she started in 2012. Between 2009 and 2012, she was the manager for financial reporting and compliance at Eskom, and prior to this, worked in the private sector. She qualified as a CA(SA) in 2008 and completed the GIBS Strategic Leadership Programme in 2014.
Li Xiaofan, BAIC International VP, said in a statement:
"We look forward to welcoming Mdyesha to our South African operation; we wish her well in this senior leadership role, and look forward to her strategic and leadership contributions to make our South African and African operations successful."
BAIC SA, in which South Africa's Industrial Development Corporation (IDC) is a minority but significant shareholder, is currently constructing a multi-billion-rand vehicle assembly plant in the Coega Special Economic Zone. The company, which was recently listed in the Fortune Global 500 for the fifth consecutive year, plans to launch its first South African-built vehicles in 2018.
