A good week for JSE’s only black woman CEO
Bidvest has named executive director Mpumi Madisa as the industrial group’s next CEO
It may only happen in the 2021 financial year, according to the company announcement, but the fact is that Bidvest has named executive director Mpumi Madisa as the industrial group’s next CEO.
This is in line with its "comprehensive succession plan developed and executed over the past several years to … mentor and continue to prepare her for the CEO role". It would make Madisa the only black woman CEO among the (current) top 40 JSE-listed companies. Progress indeed. Until then Lindsay Ralphs remains CEO.
Scarcely a week goes by without news of Facebook throwing its weight around. Explosive leaked internal documents have now revealed how it targeted politicians worldwide with promises to invest in their countries, or not, while pressing them to lobby on its behalf against data privacy legislation.
All this no doubt has something to do with the share price’s ups and downs, as well as founder Mark Zuckerberg’s wealth having shrunk $8.7bn in the past year, according to the latest billionaires’ list compiled by Forbes.