EPPF announces the departure of CIO Ndabezinhle Mkhize
20 Jul, 2022

The Eskom Pension and Provident Fund (EPPF) regrets to announce the departure of its Chief Investment Officer (CIO), Ndabezinhle Mkhize, effective 30 November 2021. Mkhize’s contract will be coming to an end after seven years of service. He has elected to pursue other interests outside the EPPF.

Mkhize joined the EPPF in May 2014 initially as Deputy CIO and was subsequently appointed to the CIO role in November 2016. “During his tenure as CIO, investments grew from about R128 billion to about R179 billion currently. At the same time, he led the development and implementation of the EPPF’s investment strategy that now includes new asset classes with exposure to different markets across the globe,” says Shafeeq Abrahams, Chief Executive and Principal Officer at EPPF.

A rigorous recruitment process for the CIO position is currently under way. However, the EPPF is confident that in the interim, none of the momentum created by Mkhize and his team will be lost. Phathutshedzo Mabogo and Thabo Letlaka – both currently serving as Deputy Chief Investment Officers at the EPPF – will act as joint CIOs reporting to the Chief Executive and Principal Officer. Mkhize has agreed to take on an advisory role for a period of three months to ensure a smooth handover to Mabogo and Letlaka.

The Fund is confident that the investment division will be in capable hands during the transition period. Phathutshedzo Mabogo holds a Bachelor’s in Actuarial Science from the University of Witwatersrand and an MBA from INSEAD. He is also a CFA charterholder from the CFA Institute which he obtained 2011. Mabogo joined the EPPF in 2017 and is currently responsible for the private markets’ portfolio.

Thabo Letlaka holds a Bachelor of Science in Mathematics and Statistics as well as a post graduate diploma in Management Sciences (Actuarial Science). Letlaka joined the EPPF in 2018 and is responsible for the Listed Markets portfolio.

Abrahams adds, “On behalf of the EPPF, we would like to thank Ndabe for the contribution and value he has added to the EPPF and our members during his tenure at the EPPF. We are sad to lose an executive of Ndabe’ s calibre but wish him well in his future endeavours.”

ENDS

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