<p>Land Bank CEO Tshokolo Nchocho has been appointed the new CEO of the Industrial Development Corporation, he replaces Geoffrey Qhena, who was at the helm for 13 years.</p>
<p>Nchocho has both academic qualifications and extensive experience in development finance and banking. He holds a B Com from the University of the North, a Master of Business Leadership from UNISA and a Masters degree in Development Finance from the University of London; and an Advanced Management Programme from the Harvard Business School. His experience in development finance and banking stretches over a 28-year period, including a lengthy period at the Development Bank of Southern Africa and as the CEO of the Land Bank.</p>
<p>The board is yet to finalise Nchocho’s commencement date at the IDC.</p>
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<p>Under Qhena&#8217;s watch, investment in green energy has increased significantly and the IDC introduced its black industrialists programme.</p>
<p>In the past five years the IDC investment commitments totalled R72 billion, an increase of 30% compared to the previous corresponding period. These investments in turn attracted a large level of private sector investments, bringing the investment level to R176 billion and creating or saving 105 822 direct jobs.</p>


IDC appoints new CEO

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<p>Geoffrey Qhena has resigned as CEO of IDC, Qhena stepped down after a 13-year period at the helm, he joins CNBC Africa to discuss his legacy.</p>


Geoffrey Qhena reminisces on his journey at the IDC

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<p>Geoffrey Qhena has resigned as CEO of IDC, Qhena stepped down after a 13-year period at the helm, he joins CNBC Africa to discuss his legacy.</p>


Why IDC CEO Geoffrey Qhena is stepping down after 13 years at the helm

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<p>CNBC Africa’s Bronwyn Nieslsen caught up with Geoffrey Qhena, CEO of IDC to discuss investments on the African continent.</p>


SA companies urged to cash in on the rapid rise in renewables

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<p>South Africa&#8217;s Industrial Development Corporation released its financial results in Polokwane yesterday with the key highlights including a profit growth to R2.2 billion and an increase in funding approvals to R15.3 billion.</p>


Geoffrey Qhena

IDC appoints new CEO

Geoffrey Qhena reminisces on his journey at the IDC

Why IDC CEO Geoffrey Qhena is stepping down after 13 years at the helm

SA companies urged to cash in on the rapid rise in renewables

IDC delivers strong results despite tough market

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Geoffrey Qhena

IDC appoints new CEO

Geoffrey Qhena reminisces on his journey at the IDC

Why IDC CEO Geoffrey Qhena is stepping down after 13 years at the helm

SA companies urged to cash in on the rapid rise in renewables

IDC delivers strong results despite tough market

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