The IDC announced the appointment of Tshokolo Nchocho following the resignation of stalwart Geoffrey Qhena.
On 5 December, the Cabinet of the Industrial Development Corporation (IDC) approved the recommendation of the board to appoint Tshokolo Nchocho as their CEO, noting both his academic qualifications and extensive experience in development finance and banking that stretches over a 28 year period.
In the statement announcing Tshokolo’s appointment, the board said that an announcement of his commencement date will be made shortly.
His appointment comes after the resignation of Geoffrey Qhena, who has served for almost 20 years as an official of the IDC, 13 of which he has been CEO.
Geoffrey’s term ends on 31 December, following his decision to step down as announced in August.
Tshokolo holds a B.Com from the University of the North, a Master of Business Leadership from UNISA, a Masters degree in Development Finance from the University of London and an Advanced Management Programme from the Harvard Business School.
His development finance and banking experience includes a long period at the Development Bank of Southern Africa and as the CEO of the Land Bank.