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Phuti Mahanyele

From Wikipedia, the free encyclopedia
South African business executive

External videos
video iconThese challenges that people see on the African continent exist everywhere in the world as well.Phuthi Mahanyele-Dabengwa – CEO, Shanduka
video iconIf we are unable to tap into the talent that is locked within us ... we will not be able to deal with many of the issues that the world is facing.Phuthi Mahanyele-Dabengwa – Women's Leadership Conference 2012

Phuti Mahanyele-Dabengwa,[1][2] (born c. 1971) is aSouth African business executive currently working as the chief executive officer ofNaspers South Africa. She previously held the positions ofco-founder andchief executive officer at Sigma Capital andCEO at the Shanduka Group.[3] Mahanyele-Dabengwa was included inThe Wall Street Journal list of the "Top 50 women in the world to watch in 2008", was recognized by Africa Investors as a "Leading African Woman in Business" in 2012,[4] and named asForbesWoman Africa "Business Woman of the Year" in 2014.[5] The All Africa Business Leaders Awards (AABLA) named her “Business Woman of the Year” in 2019.

Early life and education

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Mahanyele-Dabengwa was born inMeadowlands, Soweto, South Africa.[6] Her father, who died in 2012, grew up in a family of "10 or 11 siblings" and had to pay for her own schooling. Mahanyele-Dabengwa's mother died when she was 17 years old. In a 2013 interview, she spoke of her parents' commitment to her and her sister having the best education possible and the expectation that she would work in a commercial environment. After her mother's early death at age 42, Mahanyele has said that it was a lesson to her not to waste time or take it for granted.[6]

She leftJohannesburg, South Africa at age 17 to attendDouglass College atRutgers University in the United States. She graduated with a bachelor's degree in Economics in 1993.[7] In 1996 she earned an MBA fromDe Montfort University.[8] In 2008, Mahanyele-Dabengwa completed Harvard University'sKennedy School of Government executive education program "Global Leadership and Public Policy for the 21st Century".[3]

Career

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Mahanyele-Dabengwa joined Fieldstone Private Capital Group in New York City, an international investment banking firm specialising ininfrastructure development. She later became vice president at Fieldstone in New York, and subsequently transferred to the firm's South Africa office. She then became head of Project Finance South Africa at theDevelopment Bank of Southern Africa.[3] Of her return to South Africa from a successful career in the United States, which some have seen as unusual, she said "where else in the world would it make sense for a black woman to be?"[6]

She joined Shanduka Energy in 2004 as managing director[4] and later became chief executive officer of Shanduka Group which was founded and chaired by South African President,Cyril Ramaphosa. In 2016, Mahanyele-Dabengwa resigned from Shanduka Group and founded Sigma Capital.[6]

In July 2019, Mahanyele-Dabengwa was appointed the CEO of Naspers South Africa, becoming its first black and first female chief executive.[9][10]

Leadership

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In 2012, Mahanyele-Dabengwa spoke to the Women's Leadership Conference, asserting that a greater role for women in business was necessary, not only to rectify a social injustice but, more importantly, because there was "an economic and business imperative" to use the talents of women to solve the problems that the world faces.[11]

Mahanyele-Dabengwa was selected as a Global Young Leader by theWorld Economic Forum in 2007.[12] She is involved in the World Economic Forum's "Dignity Day" initiatives, and has been chairperson for Global Dignity for South Africa.[13]

At the U.S.-Africa Leaders Summit in Washington D.C. in 2014, Mahanyele-Dabengwa was the only African woman on a panel for “Expanding Opportunities: The New Era For Business In Africa”, moderated by former U.S. PresidentBill Clinton.[5]

She is an Independent Director ofVodacom andDiscovery Insure.

She is a patron of the National Education Empowerment Trust (NEET).[4]

Other activities

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Corporate boards

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  • Gold Fields, Independent Non-Executive Director of the Board of Directors (since 2018)[14]
  • Microsoft, Member of the 4Afrika Advisory Council (since 2013)[15]
  • Comair, Non-Executive Independent Member of the Board of Directors (–2019)

Non-profit organizations

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Selected awards

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  • Forbes "Africa's 50 most powerful women"[16]
  • CNBC Africa’s All Africa Business Leaders "Woman of the Year Award"[17]
  • ForbesWoman Africa Business Woman of the Year Award, 2014[5]
  • "Distinguished Achievement" award by the Douglass Society, 2013[7]
  • Leading Africa Woman in Business. Africa Investors, 2012[4]
  • Rutgers Vision of Excellence Award. Rutgers University, 2011[4]
  • Most Influential Woman in Government and Business – Financial Services. 2009[4][7]
  • The Wall Street Journal list of the "Top 50 women in the world to watch in 2008"[4]
  • World Economic Forum, Global Young Leader, 2007[5]

References

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  1. ^Mahanyele-Dabengwa, Phuthi (31 January 2020)."Phuthi Mahanyele-Dabengwa: Observations from WEF".fin24. Retrieved16 October 2020.
  2. ^Dludla, Nqobile (21 July 2019)."Naspers picks Mahanyele-Dabengwa as CEO for South Africa".Reuters. Archived fromthe original on 17 October 2020. Retrieved16 October 2020.
  3. ^abcExecutive Management Phuti Mahanyele Chief Executive Officer.Archived 2014-10-06 at theWayback Machine Shanduka Group. Retrieved 30 September 2014.
  4. ^abcdefgPhuti Mahanyele.World Economic Forum. Retrieved 30 September 2014.
  5. ^abcdGundan, Farai (6 October 2014)."South African Corporate Powerhouse Phuti Mahanyele Wins ForbesWoman Africa 2014 Business Woman Of The Year Award".Forbes. Retrieved24 October 2014.
  6. ^abcdPhuti Mahanyele – CEO, Shanduka. YouTube, 24 January 2013. Retrieved 30 September 2014.
  7. ^abc"Phuti Mahanyele '93 Douglass Society 2013 Honoree".Spotlight on Alumnae. Associate Alumnae of Douglass College. 5 September 2013. Retrieved24 October 2014.
  8. ^Phuti Mahanyele BA Economics, MBA.[dead link]Bloomberg Businessweek. Retrieved 30 September 2014.
  9. ^Renee Bonorchis (4 July 2019)."Naspers Upends Century of History by Naming Black Woman CEO".Bloomberg. Retrieved16 October 2020.
  10. ^ab"Mahanyele-Dabengwa, Phuti".Reuters. Archived fromthe original on 20 October 2020. Retrieved16 October 2020.
  11. ^Women's Leadership Conference 2012: How women contribute to an organisation's competitiveness. YouTube, 9 November 2012. Retrieved 30 September 2014.
  12. ^Onyedimmakachukwu (9 August 2014)."Youth Key To Africa's Economic Future".Ventures Africa. Retrieved24 October 2014.
  13. ^Pillay, Cadine (11 October 2012)."The right to dignity".Media Club South Africa. Retrieved24 October 2014.
  14. ^Gold Fields appoints new non-executive directorGold Fields, press release of 28 August 2018.
  15. ^Microsoft forms 4Afrika Advisory CouncilMicrosoft, press release of 9 October 2013.
  16. ^Africa, Forbes (6 March 2020)."Africa's 50 Most Powerful Women".Forbes Africa. Retrieved30 January 2021.
  17. ^Gundan, Farai (9 December 2019)."In conversation with #AABLA2019 Business Woman of the Year Phuthi Mahanyele-Dabengwa".cnbcafrica. Retrieved16 October 2020.
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