Minister of Finance, Nhlanhla Nene, has announced National Treasury’s appointment of Mabotha Arthur Moloto as chairperson of the Land Bank board and Tshokolo Petrus Nchocho CEO.
Justifying the choice, the Finance Minister said: “Mr Moloto and Mr Nchocho bring extensive expertise and experience to the Land Bank, an institution which plays and will continue to play a key role in the development of the agricultural sector.”
Nene said Nchocho’s experience at the Development Bank of Southern Africa [DBSA] will be most valuable.
Moloto brought a wealth of expertise as a member and leader of the boards of various entities.He was most recently chairperson of the Government Employees Pension Fund (GEPF) and a director on the board of the Pan African Infrastructure Development Fund.He is currently a director of the DBSA, Kansai Plascon Africa and Afhco Holdings.
Moloto was appointed for a term of three years, from January 2015 to December 2017 and Nchocho for five years, running from January 2015 to December 2019.
Nchocho’s experience at the Development Bank of Southern Africa [DBSA] will be most valuable.
He previously served as acting CEO of the DBSA for eight months, during which time he initiated the bank’s organisational review which prepared the ground for the incoming CEO.