Philisiwe Mthethwa


Philisiwe Mthethwa is the Chief Executive Officer and Member of Board of Trustees of National Empowerment Fund (NEF).

Mthethwa was appointed Chief Executive Officer in July 2005, bringing a diverse knowledge of banking, capital markets and international investment in South Africa.

Previously, she served as Chief Director for Black Economic Empowerment of Department of Trade and Industry, where Mthethwa played a key role in developing the Broad-Based Black Economic Empowerment strategy and various sector charters. She served as Regional Director for Europe of the DTI from 1997 to 2002.

Mthethwa was employed by the DTI to promote European investment in South Africa. In 2002 she returned to South Africa to become the Chief Director of the Black Economic Empowerment Unit of the DTI.

In 1992, she was employed by the South African Reserve Bank, where Mthethwa held responsibility for risk management control.

A year later, she became the first black South African woman to be a corporate dealer at Standard Corporate and Merchant Bank, where Mthethwa worked in the treasury division.

She started her career in London with the investment bank, Banque Nationale de Paris (BNPParibas) in 1991.

Mthethwa has been the Independent Non-Executive Chairperson of Group Five since October 2007 and had been its Non-Executive Director since July 2007.

She has been a Director of Mvelaphanda Resources since April 30, 2007. Mthethwa has been an Independent Non-Executive Director at Sanlam Limited since March 2011 and The Industrial Development Corporation of South Africa Limited since November 2011.

Mthethwa serves as a Director of Afripalm Resources (Pty) Ltd. She has been a Director of Sanlam Life Insurance Limited since 2011.

Mthethwa received the Corporate Business Woman of the Year Award in 2011; Africa’s Business Woman of the Year 2011 award, and was further bestowed the “Chevalier de la Legion d’Honneur” (Knight of the National Order of Merit) by the President of French Republic Nicolas Sarkozy in recognition of her distinguished achievements.

Mthethwa holds BA and MSc in Economics from University of Paris, Sorbonne and has completed MBA in Corporate Finance from the UK.


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