Lonmin has appointed Phembani CFO Sizwe Nkosi as a non-independent non-executive director.
Sizwe Nkosi will be joining Phembani group BEE partner Lonmin as a non-independent non-executive director.
He will replace Kennedy Bungane as Phembani’s nominee on the board. Kennedy has agreed to stay as a non-executive director of Lonmin in his own right, by request.
Sizwe’s 15 years of experience after completing his articles has predominantly been in mining, including work in coal, diamonds, phosphates and commodities trading. Before joining Phembani, while he was CFO at JSE-listed Metmar Limited, he drove the successful takeover of the company by Traxys Group, a USA-headquartered company controlled by the Carlyle Group.
He secured his CTA in the University of KZN, completed his articles with EY and qualified as a chartered accountant in 2001. Sizwe also holds an MBA from the University of Cape Town Graduate School of Business.
He was previously chairman of the Eastern Region Members in Business Council in South Africa and served on the SAICA Broad-Based BEE Charter Council.
Sizwe has been nominated for the 2019 CFO Awards for his work as the executive director of finance at Phembani Group.