Tshokolo Nchocho will resign as the CEO and executive director of the state-owned financier the Industrial Development Corporation (IDC) at the end of the year, but did not share his future plans.

“In the context of the above, the board and Mr Nchocho agreed that it would be in the best interest of both the IDC and the CEO, to proceed with the process of identifying a successor to allow for a seamless transition,” it said in a statement on Thursday...

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