Nel­siwe Mabuza, Nigel Eng­land are new African Al­liance part­ners

Observer on Saturday - - News - Sto­ries by Hlengiwe Ndlovu

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.

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