TRANSFORMATION CREDENTIALS
Nedbank appoints experienced pair to board
New members boost voting share of black women
Nedbank has appointed Neo Dongwana and Linda Manzini to its board, which will lift its transformation status amid parliamentary hearings on the issue. Dongwana, the second black woman to become a partner at Deloitte’s SA, and Manzini, a former director and head of investment banking coverage at Standard Bank, where she also headed its Diners Club offering, will join the bank in June. "Dongwana and Manzini were appointed in terms of the formal board succession plans and on the basis of their wealth of experience and expertise," said Thulani Sibeko, Nedbank group executive for marketing and communications. Manzini will serve on the group credit committee and the large-exposure approval board, which aims to bring a greater understanding of the issues black businesses face in accessing finance. Dongwana and Manzini replace Tom Boardman and David Adomakoh, who will resign at the bank’s annual general meeting in two weeks. Legae Securities research head Waseem Thokan said the stockbroker ...
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