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Coega Development Corporation
 
Coega Special Economic Zone
 
Coega Services
Capital Allocation Committee

The primary objective of the CAC is to assist the organisation in ensuring a fair and equitable allocation of its capital resources, including allocations for working capital, investment funding, capital expenditures, compliance with the Company’s financial policies, and ensuring realisation of return of capital for the Coega Development Corporation (CDC) in order to achieve financial sustainability.





BATANDWA MDYESHA: CHAIRPERSON

Appointed: 2020

Batandwa, a chartered accountant, has more than 17 years’ experience, worked in senior accounting, auditing, and risk management roles at South African state-owned enterprises as well as in the private sector at leading accounting and professional services firm’s operations in South Africa and the Netherlands. She is currently a director at Libana Consulting (Pty) Ltd.

Before that, she has held various key positions such as the Chief Financial Officer of BAIC Automobile Pty Ltd "BAIC SA", a Chinese car maker that has recently built a plant in Coega for 2 years; Chief Financial Officer of African Exploration Mining and Finance Corporation - a state owned mining company established to secure South Africa’s energy supply primarily through the mining and supply of coal for 5 years; and various other roles - including Special Services Group Manager and doing articles at Deloitte’s Cape Town, Johannesburg and Amsterdam offices.

She is a non-executive director at the following companies, Innowind Power Projects - Chaba Pty Ltd, Waainek Wind Power Pty Ltd and Grassridge (Pty) Ltd; Coega Development Corporation; and Steve Biko Academic Hospital.

As part of the oversight role in the boards, she advises in the area of expertise in financial management and corporate finance, auditing, risk management, good corporate governance and business strategy development.

She has previously been an external marker at UNISA for Honours Accounting for 6 years until 2017.



AYANDA MJEKULA
Appointed: 2020

Ayanda Mjekula, is a member of the Institute of Directors of S.A. He currently holds positions on various boards, including Safika Holdings. He has held board positions at CEF SOC, UBank Limited and the World Petroleum Congress. He is also currently the chairperson of the National Arts Festival- Grahamstown and deputy Chairperson of the council of the University of Fort Hare.

Mjekula has extensive banking experience, having held executive management positions at Nedbank and Standard Bank, over a period of twenty-four years. He was the first black person to be appointed in an executive management position in any bank in South Africa. In 1989, he was honoured with the Black Management Forum/ Kellogs’s manager of the year award, in recognition of his managerial achievements.

As Chief Executive of the South Africa Supplier Development Agency, Mjekula gained extensive experience in enterprise and supplier development. He has played a major role in the energy sector, particularly in the liquid fuels industry. He holds a BA degree in English from the University of Fort Hare and an MBA in Financial Accounting from Western Michigan University.





MZUVUKILE MQUQU

Appointed: 2020

Mzuvukile Mququ is the Director of Supply Chain Management at the Eastern Cape Provincial since September 2019 to date, where some of his main responsibilities include implementing strategic sourcing for strategic commodities and implementing the Local Economic Development Procurement Framework in the Province.

Between 2012 until his latest appointment in 2015, he has held positions such as Director of Monitoring and Support and Director of Contracts and Supplier Management at the Eastern Cape Provincial and Treasury.

He worked for the Coega Development Corporation (CDC) as a Supply Chain Monitor in 2007 until 2008, after which he was appointed as the Contracts Manager at the Transnet National Ports Authority and later as the Eastern Cape Regional Commercial Specialist at Transnet Port Terminal.

Mququ is currently pursuing his Postgraduate Diploma in Public Management from the North West University. He holds a Certificate in Advanced Programme in Sourcing and Supply Chain Management from UNISA and a BTech in Cost and Management Accounting from the Cape University of Technology.


KHWEZI TIYA: ACCOUNTING OFFICER
Appointed: 2021

Mr. Tiya holds a BSc. Civil Eng. (University of Natal, South Africa); an MBA (Nyenrode Business Universiteit, the Netherlands) and a MSc. Financial Management (SOAS, University of London, UK). As part of his senior executive development, he has completed the Advanced Management Programme (The Wharton School, University of Pennsylvania, USA). Mr. Tiya has attended the Harvard Business School’s 2014 Global Energy Seminar, which has helped shape his thinking and understanding of the energy transitions. He is also a certified Project Management Professional (PMP) since 2005, as a testimony to his understanding of the overall requirements for complex project development and project management.

He began his career as an engineer in 1992, working on multidisciplinary projects. Before joining his former employer, Standard Bank Corporate & Investment Banking in 2010, where he was the Head of the Oil & Gas and Public Sectors (South Africa) in the Client Coverage Division, he worked for the CDC from 1999 in a variety of senior and executive roles in strategy, operations and business development.

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