Nelsiwe Mabuza, Nigel England are new African Alliance partners
Long-serving African Alliance CEO Nelsiwe Mabuza keeps soaring to greater heights as she was yesterday unveiled as the group’s newest partner.
The first woman to occupy such an important position, Mabuza’s new portfolio broadens her responsibilities to the greater African horizon as African Alliance has well established business pursuits across the continent.
Mabuza’s appointment comes alongside that of Chief Financial Officer Nigel England, who has been with African Alliance since 2010.
England’s current core responsibility is to implement the group strategy for African Alliance owned businesses such as Lojaf which operates the Pick n Pay franchise in Mbabane, Matsapha, Manzini and Nhlangano.
The two new partners were unveiled by African Alliance Eswatini Chairman and Partner S’thofeni Ginindza at a press conference held at the company’s headquarters in Mbabane where the company’s General Manager Victor Langa, Assistant Company Secretary Bongiwe Dlamini and Private Equity Executive Peace Mabuza were also present.
Though the country’s economy is on a downward growth trend, the opposite is true of African Alliance whose business interests have greatly evolved from just a unit trust firm.
To date, African Alliance owns a major stake in well-established companies like Select Management Services, Orchard Insurance, Greystone Partners, and the under construction multi-billion residential complex in Malkerns.
Making his remarks, Ginindza said African Alliance had greatly evolved over the years, hence the people around this business had to evolve too.
“The biggest asset in any business are its people. It is important to recognise the people who have contributed to what African Alliance is today,” Ginindza said, referring to Mabuza and England, both of whom are strategists of note, with an unequalled loyalty to the Group.
Mabuza has spent most of her working life at African Alliance as she joined the Group in 2001. Before that, she had a brief stint as a Maths teacher and it was the combination of her fascination with numbers and strong work ethic which catapulted to her position as partner.
She holds a Master of Science in Mathematical Modelling from the University of Zimbabwe and has also participated in the Stanford Graduate School of Business’ leadership programme. England, on the other hand, has vast experience in the financial and banking industry as he has worked for ABSA Bank in South Africa, which is also part of the Barclays Group.
He also comes with a wealth of insurance industry expertise as he spent seven years at Telesure Investmenta holding company of major brands such as First For Women insurance, Dial Direct and 1life.
In the meantime, Ginindza marvelled at how African Alliance Eswatini had made significant contributions to the Group despite operating in a small economy. He also spoke highly of the two new partners, highlighting the rigours and processes which candidates must undergo in order for them to qualify as partners. “At African Alliance, we appoint a partner after a very thorough process,” Ginindza said.
GREATER HEIGHTS: New African Alliance Partner Nelsiwe Mabuza.