Isaac Nkululeko Malevu
Isaac Nkululeko Malevu was appointed CFO of the IDC in October 2020. Prior to this he was with the Standard Bank Group for almost eight years. He was appointed as the head of financial control and was later also appointed as chief financial officer of their CIB Client Coverage division. He was also a partner at EY. Isaac studied Business and Commerce at the University of Witwatersand.
2017 – 2020 Chief Financial Officer, CIB Client Coverage, Standard Bank Group
2012 – 2020 Head of Financial Control, Standard Bank Group
2007 – 2011 Partner, EY
About The IDC: The IDC is a state-owned development finance institution primarily mandated to provide funding for the development of industry in South Africa and the rest of Africa. The IDC provides funding across a number of mandated sectors. The cumulative value of funding approved by the IDC for the five years 2013-2017 was R68 billion, with total direct and indirect jobs saved in this time period – 344 006, total assets reported R130 billion and a net profit after tax of R8 billion.
Job title: CFO
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