Johannesburg, South Africa (ADV) – The Kwa-Zulu Natal provincial government in South Africa has welcomed the appointment of Aubrey Shabane as the Kwa-Zulu Natal Growth Fund (KZN Growth Fund) Chief Executive officer (CEO).
The KZN Growth Fund is an initiative aimed at creating sustainable economic development, job creation and black economic empowerment within the infrastructure sector in the province. It targets infrastructure related projects worth R30million and above.
The Member of the Executive Council (MEC) for Economic Development, Tourism and Environmental Affairs (EDTEA), Sihle Zikalala, said Shabane has been a valuable asset since he joined the KZN Growth Fund as a Chief Investment Officer in 2015, and they were confident that he would continue to excel in his new responsibility.
“Mr Shabane’s appointment comes as a major boost for the EDTEA family, as we pay more attention to supporting manufacturing initiatives which have a huge potential to take the economy of the province to greater heights and create jobs,
“We commend the KZN Growth Fund for the role it has played in the implementation of our Black Industrialists Programme which is aimed at altering economic patterns in our province,” said Zikalala.
He further described Shabane as a dynamic leader and seasoned senior executive, adding that 80 percent of the total projects funded by the KZN Growth Fund happened during the four years when he was leading the investment team.
Prior to joining the KZN Growth Fund, Shabane was the Head of Equity Investments at the Development Bank of Southern Africa, responsible for over R7 billion of assets under management. He also spent years as a Corporate Finance Manager at Deloitte.
He holds a Master of Business Administration Degree he obtained from Leeds University Business School, a Bachelor of Commerce Degree from UNISA and a Bachelor of Technology in Financial Management from the Durban University of Technology.
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