SUMMARY:
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POSITION INFO:
Overview:
This organisation is the provincial economic development and investment agency tasked with driving inclusive, accelerated and sustainable economic growth. The entity manages a diverse portfolio that includes enterprise finance, investment promotion, industrial parks, commercial properties, equities, and the provincial development fund environment.
The organisation is seeking a commercially astute, visionary, and results-driven CEO with a proven turnaround track record to reposition the organization for financial sustainability, profitability, and high development impact.
Position Overview:
The CEO will drive the commercial revitalization and strategic transformation of the organisation This includes:
- Leading the organization toward sustained profitability and enhanced commercial viability, strengthening governance and operational efficiency
- Unlocking revenue streams across the Corporation’s assets
- Positioning the organisation as a competitive and impactful development finance institution
The CEO is accountable to the Board for financial performance, organizational sustainability, and the execution of a commercially viable development mandate.
Responsibilities:
Commercial Strategy & Turnaround Leadership
- Develop and implement a commercial turnaround strategy to restore financial viability and drive profitability.
- Redesign business models across the organisation’s units (Enterprise Finance, Property, Trade & Investment, Equity Portfolio) to ensure sustainable revenue generation.
- Optimize underperforming assets, including maximizing rental yields, improving loan book performance, and unlocking value from strategic investments.
- Drive cost-efficiency measures without compromising development impact.
- Introduce innovative funding solutions, partnerships, and revenue streams.
- Oversee infrastructure program management, drive business development efforts, and promote economic growth through small business development, investment promotion, and trade facilitation.
Financial Sustainability and Revenue Growth
- Strengthen budgeting, forecasting, cost control and cash flow management.
- Improve collection rates, asset utilization, and return on investment across the property and finance portfolios.
- Secure new capital sources for lending, property development, and strategic projects.
- Build commercially sound partnerships with private sector investors, financiers, DFIs, and funding agencies.
Strategic Leadership & Organizational Performance
- Lead the execution of a refreshed organisation strategy with strong commercial focus.
- Provide visionary leadership to rebuild organizational culture, improve performance, and enhance internal efficiencies.
- Strengthen internal controls, ICT systems, programme quality, and risk management.
- Drive accountability through performance contracts, KPIs, and consequence management.
Governance, Risk & Compliance
- Ensure full compliance with PFMA, Companies Act, Treasury Regulations and King IV.
- Restore credibility through improved audit outcomes and disciplined financial reporting.
- Provide robust Board reporting and strengthen the organisation’s governance framework.
High-impact Economic Development Delivery
- Drive commercially viable development programmes that stimulate entrepreneurship, job creation, investment inflows and industrial development.
- Position the organisation as the investment gateway for the Eastern Cape.
- Ensure development impact is achieved without compromising financial sustainability.
