The Coega Development Corporation (Coega) wishes to extend a congratulatory message to Ms. Batandwa Damoyi, for her appointment as the Chief Financial Officer (CFO) of the Public Investment Corporation (PIC). As a qualified Chartered Accountant and an experienced business executive with 17 years\u2019 experience post articles in corporate finance, she has demonstrated passion about corporate governance, unwavering commitment to ethics and integrity, and has provided oversight in the improvement of Coega\u2019s financial controls, which has led to the organisation achieving a \u201cClean Audit\u201d by the Auditor-General of South Africa (AGSA) for four consecutive years.<\/p>\n
It is for this reason that Ms. Damoyi has regrettably decided to resign from the role of Coega Development Corporation Board Chairperson, and as a Member of the Board and the Board Sub-Committees, effective 13 June 2024. Ms. Damoyi has expressed her desire to focus on her new responsibilities at the PIC; however, she has committed to carry the Eastern Cape Provincial Government and Coega with great pride and will continue to be an advocate for growth and development for the province. Ms. Damoyi was appointed as a Non-Executive Director in 2019, as Board Chairperson in 2023, and celebrated as the first black female Chairperson since Coega\u2019s establishment in 1999.<\/p>\n
Coega wishes Ms. Damoyi the best on her new journey and looking forward to seeing her accomplishments at the PIC.<\/p>\n
In the intervening period, Dr. Luvuyo Bono has been appointed as the Interim Chairperson of the Board of Directors. Dr. Bono was appointed by the shareholder, MEC for the Department of Economic Development, Environmental Affairs, and Tourism (DEDEAT), Honourable Mlungisi Mvoko, as the Coega Development Corporation Board member in March 2024, and as Interim Board Chairperson on 13 June 2024. Dr. Bono is an experienced advocate and fit for the role. He holds a Doctor of Laws degree from the Nelson Mandela University. He is currently in active practice as an admitted Advocate of the High Court registered with the Legal Practice Council. He is also an Associate of the Labour and Social Security Law Unit at the Nelson Mandela University (NMU), Labour Law Lecturer, and a part-time Senior Commissioner for the Commission for Conciliation, Mediation and Arbitration (CCMA). Dr. Bono was awarded the status of \u201cAdjunct Professorship in Labour Law\u201d by NMU. In 2023, Dr. Bono was appointed as a member of the Rules Board of the Labour Court and Labour Appeal Court.<\/p>\n
The Coega Development Corporation has full confidence in the Interim Board Chairperson, Dr. Bono, as the organisation continues to operate and provide a quality service to its investors and clients, the achievement of its strategic objectives and targeted outcomes for the 2024\/25 Financial Year and maintaining good governance.<\/p>\n","protected":false},"excerpt":{"rendered":"
The Coega Development Corporation (Coega) wishes to extend a congratulatory message to Ms. Batandwa Damoyi, for her appointment as the Chief Financial Officer (CFO) of the Public Investment Corporation (PIC). As a qualified Chartered Accountant and an experienced business executive with 17 years\u2019 experience post articles in corporate finance, she has demonstrated passion about corporate […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[540],"tags":[546],"class_list":["post-5752","post","type-post","status-publish","format-standard","category-business-news","tag-coega","entry"],"_links":{"self":[{"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/posts\/5752","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/comments?post=5752"}],"version-history":[{"count":1,"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/posts\/5752\/revisions"}],"predecessor-version":[{"id":5753,"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/posts\/5752\/revisions\/5753"}],"wp:attachment":[{"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/media?parent=5752"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/categories?post=5752"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mype.co.za\/business\/wp-json\/wp\/v2\/tags?post=5752"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}