Sizwe Nxasana


Sizwe Nxasana is CEO and Executive Director of FirstRand Limited.

Nxasana became one of the first 10 black chartered accountants in South Africa.

Nxasana was inspired by Professor Wiseman Nkuhlu, the first African to qualify as a chartered accountant in South Africa and who had started lecturing at Fort Hare in 1976.

Nxasana was awarded an honorary doctorate from the University of Fort Hare in 2004. He matriculated at Mariannhill High School in Kwazulu-Natal.

Nxasana started his career at Unilever. In 1989 he established Sizwe & Co, the first black-owned audit practice in Kwazulu Natal.

In 1996 he became the founding partner of Nkonki Sizwe Ntsaluba, the first black-owned national firm of accountants and was national managing partner.

Sizwe Ntsaluba Gobodo is now the 5th largest audit firm in South Africa. In 1998 he joined Telkom SA as Chief Executive Officer, a position he occupied until 2005.

Nxasana was responsible for listing Telkom Group on the Johannesburg Stock Exchange (JSE) and New York Stock Exchange (NYSE) in 2003. Telkom sold shares at ZAR28 each in the 2003 Initial Public Offering (IPO) on the JSE, the only IPO of a state-owned company since 1994.

In January 2006, Nxasana took over as CEO of FirstRand Bank, the wholly-owned subsidiary of FirstRand Limited, with responsibility for the entire banking operations of the Group, including First National Bank, Rand Merchant Bank and WesBank.

In January 2010 Sizwe was appointed CEO of FirstRand Limited.


About Author

Leave A Reply