On Monday, President Cyril Ramaphosa announced Trudi Makhaya as his new economic advisor. This comes as Ramaphosa named former finance minister Trevor Manuel, former deputy minister of finance Mcebisi Jonas, executive chairperson of Afropulse Group Phumzile Langeni, and chairman of Liberty Group Jacko Maree, as the president's special envoys on investment
Some of Makhaya’s duties will include coordinating the work of investment envoys as they traverse the globe to try and secure at least $100 billion in new foreign investments over the next five years.
The group will travel to major financial hubs in Asia, the Middle East, Europe and the Americas to meet with potential investors. The group will also seek out new investors on the African continent.
Briefly.co.za looks at who Makhaya is and what makes her uniquely and well-qualified for this critical position. We have gathered 5 fast facts about Ramaphosa’s newest confidant.
1. Makhaya is an accomplished writer, economist and entrepreneur. She is the CEO of Makhaya Advisory and a former deputy commissioner at the Competition Commission.
2. She is a Rhodes Scholar with post-graduate degrees in business and economics from Oxford University and Wits.
3. Makhaya has served in advisory roles in young companies and held a non-executive directorship at Vumelana Advisory Fund and MTN South Africa
4. She has held various management and advisory positions with companies such as Deloitte South Africa, Genesis Analytics and AngloGold Ashanti.
5. Makhaya is a regular business columnist for Business Day and her byline has appeared in numerous publications.
"Among her immediate responsibilities will be the coordination of the work of these special envoys and a series of investment roadshows in preparation for the Investment Conference," Ramaphosa said.
Ramaphosa said he and his advisors and envoys were working towards the establishment of a presidential council on investment.
The president flew to London on Monday to head the South African delegation to the Commonwealth Heads of Government Meeting.
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