Make Money Mondays

What does Phuthi Mahanyele (Naspers SA's brand new CEO) hope for... and fear?

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702/CapeTalk first published this article on 15 August 2016.

We dug it from the archives due to popular demand after Naspers announced on Wednesday (3 July 2019) that Phuthi Mahanyele-Dabengwa would join the company's global management team as CEO of its South African operations.

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If people like my father were able to create opportunities at that time then surely we can do it now.

Phuthi Mahanyele-Dabengwa

I’m not a big spender. I like to accrue value.

Phuthi Mahanyele-Dabengwa

Each week The Money Show’s Bruce Whitfield interviews a famous person about her or his attitude to money (hopes and fears, successes and failures, etc.) as part of his weekly “Make Money Mondays” feature.

This week Whitfield interviewed Phuthi Mahanyele-Dabengwa, the outgoing CEO of Shanduka (founded by Cyril Ramaphosa and one of Africa’s leading investment holding companies).

Mahanyele-Dabengwa was Forbes Africa’s 2014 Businesswoman of the Year.

In 2011 Forbes named her one of their “20 Youngest Power Women in Africa”.

In 2008 the Wall Street Journal placed her among their “Top 50 Women in the World to Watch”.

In 2007 the World Economic Forum selected her as a “Global Young Leader”.

Listen to the interview in the audio below (and scroll down for more quotes from it).

We were put into a private school in the 80s when it was still quite unheard of in South Africa.

Phuthi Mahanyele-Dabengwa

My father got me and my sister equity in Naspers for our birthdays instead of roller-skates that I wanted. I kept my shares, but she sold them to me! She wished she never did that deal!

Phuthi Mahanyele-Dabengwa

My mom was tough, but my dad was like our Father Christmas!

Phuthi Mahanyele-Dabengwa

My first paying job was in my dad’s business.

Phuthi Mahanyele-Dabengwa

I made good money with Naspers, but I sold too early.

Phuthi Mahanyele-Dabengwa

The opportunities are there! Especially in the non-listed side.

Phuthi Mahanyele-Dabengwa

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Article brought to us by Old Mutual.


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