Following Monday’s announcement that former Finance Minister Nhlanhla Nene had joined Allan Grayas a non-executive director news emerged on Thursday that he is now a resident adviser to Thebe Investment Corporation.
Thebe Investment Corporation’s statement is below:
This appointment is for a term of two years effective from 1 May 2016. Whilst this is a full time appointment, Mr. Nene will continue with his non-executive directorships that were declared prior to this appointment; as these are not in conflict with his envisaged role at Thebe.
[READ: Zuma under fire for firing Finance Minister Nene - CNBC Africa]
Thebe Investment Corporation is on a growth path that requires significant financial resources and key skills in order to execute its strategy and plans. Mr. Nene will support the company and the executive team as they roll out these plans. This will include assisting the company to develop and roll-out a strategic engagement agenda and framework that will assist Thebe to properly position and equip itself for growth, whilst fully understanding the broader societal agenda for development and nation building in line with the Thebe philosophy.
We believe that Mr. Nene’s immense skills will be most valuable to Thebe at this time. We are pleased, as the Thebe team, to welcome him on board. We trust that this role will enable him to make the contribution that we believe he is capable of making, whilst he realizes his own professional aspirations.